Growing Popularity of Main Automation Contractor (MAC) Concept Predicted to Drive the Global DCS Market Until 2020, Says Technavio
According to the latest research study released by Technavio,
the global distributed control system (DCS) market is expected to reach
over USD 21 billion by 2020.
This research report titled ‘Global
DCS Market 2016-2020’, provides an in-depth analysis of market
growth in terms of revenue and emerging market trends. To calculate the
market size, Technavio have considered revenues generated from the sales
of hardware and software licenses, renewal of software licenses,
upgrades of existing solutions, and maintenance and services for
calculating market value in end-user segments.
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“The growing uptake of the main automation contractor (MAC) concept may
see the services segment emerge as the fastest-growing segment in the
global automation solutions market. Vendors and third party service
vendors that offer better services at affordable prices are likely to
lead the market in the coming years,” said Bharath Kanniappan, one of
Technavio’s lead analysts for automation
research.
“The need for automation is rising across industries, and the demand for
customized plant automation solutions is also on the rise. During the
forecast period, most companies are anticipated to deploy automation
solutions with ERP software and frameworks that require continuous
maintenance and support from automation vendors,” added Bharath.
Global DCS: End-user segmentation 2015
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Power
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Oil and gas
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Chemicals and petrochemicals
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Water and wastewater
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Fertilizers
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Cement
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Paper and pulp
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Food and beverage
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Automotive
Power industry: largest segment of the global DCS market
Increased implementation of DCS in the power generation industry across
the globe is one of the major factors driving the DCS market in the
power industry. The global DCS market in the power industry was valued
at close to USD 5.62 billion in 2015. The power industry is one of the
largest industries globally, as it is the backbone of modern
industrialization. It is an influential industry with some of the
highest number and value of projects and facilities. The use of DCS
enhances the overall functioning of power plants by reducing power
wastage and overall expenditure, and improves productivity,
distribution, and transmission of power.
The abundant availability and low prices of natural gas in the US
(coupled with government initiatives to reduce carbon footprints) has
prompted interest in the use of natural gas in the power industry.
Natural gas is touted to be more environment-friendly due to lower
carbon content, and hence, countries such as the US, Russia, and China,
are exploiting natural gas as a viable option to address their domestic
power needs.
Global DCS market in oil and gas industry: second largest segment
The global DCS market in the oil and gas industry was valued at close to
USD 3.03 billion in 2015. Oil and gas exploration sites have shifted to
offshore areas as oil companies are drilling at greater ocean depths to
extract more resources, thus exposing the equipment to multiple risks in
harsh marine environments. This will lead to frequent downtime, constant
need for servicing and high repair costs.
Transportation of oil and gas across large distances faces several
challenges, such as spillage and leaks that require constant
supervision. This necessitates the need for continuous controlling and
monitoring of upstream and midstream activities from remote locations in
the oil and gas industry. DCS solutions can effectively control and
monitor various oil and gas operations such as drilling, production,
transportation of crude oil, and natural gas (i.e., control the flow of
produce in pipelines at optimum pressure and early detection of leaks).
These solutions enhance the overall output by effectively using
resources and reducing overall expenditure without wastage and
endangerment to human personnel or the natural environment.
Global DCS market in chemical and petrochemical industry
The chemical and petrochemical industry is essential for the progress of
every economy as it provides products used in day-to-day activities.
Products made out of chemicals and petrochemicals include chemicals and
their byproducts, petrochemicals, fertilizers, paints, paper,
detergents, pharmaceuticals, gases, soaps, perfumes, toiletries,
varnishes to name a few.
The products generated by the chemicals and petrochemical industry are
used in the automotive, pulp and paper, pharmaceutical, F&B, packaging,
and water and wastewater treatment industries. Thus, the growth and
development of end-user industries will likely augment the demand for
distributed control systems during the forecast period.
The use of automation solutions like DCS enables smooth operations with
an effective distribution process efficiently, minimal wastage and
downtime, and safe waste disposal.
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
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