ABB (Switzerland) and Schneider Electric SE (France) are the Major Players in the Distributed Control System Market
The DCS market is expected to grow from an estimated USD 17.5 billion in 2021 to USD 23.2 billion by 2026, at a CAGR of 5.8% during the forecast period. Distributed control system (DCS) is an industrial automation solution primarily deployed in process industries to facilitate plant control through a distributed network of supervisory and control elements. It is typically used to control manufacturing processes in industries such as food & beverages, pharmaceuticals, and petrochemicals that use either continuous or complex batch-oriented process for production.
A few major players that have a wide regional presence and dominate the DCSs market. The leading players in the DCSs market include ABB (Switzerland), Emerson (US), Siemens (Germany), Honeywell (US), Schneider Electric SE (France), General Electric (US), and Yokogawa (Japan).
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The major strategies adopted by these players include new product launches, contracts & agreements, investments & expansions, mergers & acquisitions, joint ventures, and partnerships & collaborations. New product launches were the most adopted strategy from January 2017 to November 2021.
ABB is a leading company providing digital solutions and industrial equipment to electric utility companies and various industries. It operates in four divisions: Electrification, Motion, Industrial Automation, and Robotics & Discrete Automation. The company offers distributed control system (DCS) solutions within its Control System portfolio, under the Industrial Automation business division. Electrification is the highest revenue-producing segment, contributing 44% to the overall revenue. This is followed by the Industrial Automation business segment, which contributed 22% in FY 2020. The revenue for the Industrial Automation business segment for FY 2020 was USD 6.1 billion. The company’s revenue decreased by 7% in all business areas due to COVID-19. Its Industrial Automation division delivers integrated solutions for control, plant optimization, and industry-specific applications across industries such as oil and gas, chemicals, power, water, pulp and paper, metals, mining & minerals, cement, life sciences, food & beverage, marine, and turbocharging.
Schneider Electric is a globally established organization providing energy management and automation solutions. It has a strong portfolio of automation control products. It offers both process and discrete automation systems to various industries. Schneider Electric operates through two business segments—Energy Management and Industrial Automation. The Industrial Automation business segment accounts for 36% of the company’s business revenue; its revenue for FY 2020 was USD 7,000 billion. The company offers DCS solutions under the Industrial Automation segment. The company’s DCS is EcoStruxure Foxboro DCS. Schneider Electric’s other operating segments are Cybersecurity, EcoStruxure: Innovation at Every Level, EcoStruxure for Partners, Solar & Energy Storage, Microgrids, Safety, Access to Energy, For Your Home, and EcoStruxure for Partners. EcoStruxure Foxboro DCS, which marks the evolution of the Foxboro Evo control system, provides a scalable, open, and interoperable system designed to help increase the business value process controllers can generate, primarily by making the real-time profitability of the operation more visible. It consolidates critical information and elevates staff capabilities to ensure flawless, continuous plant operations.
Related Reports:
Distributed Control System Market by Shipment Scale (large, medium, small), by Component (hardware, software, services), Application (continuous process, batch-oriented process), End-use Industry, and Region - Global Forecast to 2026
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