Asia Pacific Distributed Control System Market Size, Share & Industry Trends Analysis Report By Component (Software, Hardware, and Services), By Vertical, By Application, By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Distributed Control System Market would witness market growth of 5.8% CAGR during the forecast period (2021-2027).
The growth of the Distributed Control Systems Market is directly proportional to the factors like cost-effective and time-saving processes associated with DCS and increased demand in the power and energy sectors, as well as new open source DCS solutions. Moreover, the internet-based system facilitates integration and enhances usefulness by allowing for remote access. DCS can process a huge number of I/O points and has networking features that help with process management.
The DCS, I/O subsystem, can accept a variety of process measurements and other inputs into the system, and then output control signals to various actuators, valves, motors, and other control elements, I/O represents a large cost component. Moreover, industry players are expected to witness new growth avenues due to the increasing industrial infrastructure in emerging countries and a growing preference for the public or private cloud.
Infrastructural expansions, continuing power production projects, and technical advances are projected to create the distributed control system market in countries like China and India. In addition, factors such as increased regional industrialization, urbanization, and economic expansion would lead to the installation of new systems. China is the world's fastest-growing economy and one of the greatest regional markets for distributed control systems. The government continues to encourage clean energy projects and focuses on lowering carbon emissions, resulting in a robust growth rate for the power industry in the future.
Rapid economic expansion will raise power demand, necessitating more investments in power plant infrastructure to meet the need. As a result, investments in these fields will increase the demand for dispersed control systems. Because of the growing demand for high-quality products and faster production rates, automation is developing in APAC. It also aids in the reduction of labor expenditures and human intervention.
The China market dominated the Asia Pacific Distributed Control System Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,367.3 million by 2027. The Japan market is anticipated to grow at a CAGR of 5.2% during (2021 - 2027). Additionally, The India market would exhibit a CAGR of 6.4% during (2021 - 2027).
Based on Component, the market is segmented into Software, Hardware, and Services. Based on Vertical, the market is segmented into Oil & Gas, Power Generation, Chemicals, Food & Beverages, Pharmaceutical, Metals & Mining, Paper & Pulp, and Others. Based on Application, the market is segmented into Continuous Process and Batch-oriented Process. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Emerson Electric Co., Siemens AG, Schneider Electric SE, Honeywell International, Inc., Yokogawa Electric Corporation, Toshiba Corporation, General Electric (GE) Co., Rockwell Automation, Inc., and Azbil Corporation.
Scope of the Study
Market Segments Covered in the Report:
- Oil & Gas
- Power Generation
- Food & Beverages
- Metals & Mining
- Paper & Pulp
- Continuous Process
- Batch-oriented Process
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Emerson Electric Co.
- Siemens AG
- Schneider Electric SE
- Honeywell International, Inc.
- Yokogawa Electric Corporation
- Toshiba Corporation
- General Electric (GE) Co.
- Rockwell Automation, Inc.
- Azbil Corporation
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