Siemens (Germany), Emerson Electric Co. (US) and Honeywell International Inc. (US) are leading players in Distributed Control System Market
The global distributed control system market is projected to reach USD 26.7 billion by 2028 from an estimated USD 19.9 billion in 2023, at a CAGR of 6.1% during the forecast period. The surge in implementation of distributed control systems (DCS) in the process industries especially to automate the manufacturing process by integrating advanced control strategies are driving the growth of the distributed control system market.
Due to their strong supply network, a few global and regional players hold a strong foothold in the distributed control system market. Siemens (Germany), ABB (Switzerland), Schneider Electric (France), Emerson Electric Co. (US), and Honeywell International Inc. (US) are the market leaders in the global distributed control system market. These companies have adopted strategies such as product launches, partnerships, collaborations, contracts, agreements, acquisitions, and expansions to increase their market share.
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Siemens is a German-based manufacturing and engineering firm serving the infrastructure, healthcare, and energy sectors. It operates its business via six segments namely siemens healthineers, smart infrastructure, digital industries, mobility, portfolio companies, and siemens financial services. It provides products and services to various industries such as oil & gas, shipbuilding, mining, cement, fiber, chemicals, food & beverage, and pharmaceuticals.
The company offers distributed control systems through the digital industries segment. Siemens DCS comprises Siemens Simatic hardware platform and TIA software. Its solutions permit end users to adapt to continuously changing marketplace requirements, whether they have got a small laboratory or a massive plant network. Siemens has a presence in around 200 countries encompassing the regions of Europe, North America, the Middle East, and Asia Pacific, and operates 289 production and manufacturing plants across the globe. It has a global presence through a strong network of regional offices, warehouses, R&D facilities, and sales offices. The businesses located outside the US are primarily based in Germany, the UK, Italy, India, China, Canada, and the Netherlands.
Emerson Electric Co. designs and manufactures valves, analytical instruments, and process control systems for various applications in the global commercial, industrial, and consumer markets. The company operates through three business segments, namely, Automation Solutions, AspenTech, and Commercial & Residential Solutions. The company provides distributed control systems through its Automation Solutions segment.
The automation solutions segment provides its products and services to various industries such as oil & gas, refining, chemicals, power generation, pharmaceuticals, food & beverage, pulp and paper, metals and mining, and municipal water supply. The company operates in over 150 countries and is present across all the regions around the globe.
Honeywell International Inc. is a diversified technology and manufacturing company. The company engages in providing turbochargers, control products, sensing and security technologies, specialty chemicals, electronic and advanced materials, and process technology. It operates through four segments, namely, Aerospace, Performance Materials and Technologies, Safety and Productivity Solutions, And Honeywell Building Technologies.
The company provides distributed control system products through its Performance Materials and Technologies segment. Honeywell offers various DCS solutions such as hardware support, Human Machine Interface (HMI) services, and system support. It also supplies multi-year, user-precise lifecycle management offerings for hardware and software. It provides its products and services to various sectors such as oil & gas, power generation, paper and pulp, and chemicals industries. Honeywell signed contracts with various oil & gas companies and launched new products such as the ControlEdge programmable logic controller and the Experion process knowledge system to enhance its product portfolio and provide better services to its customers. Most of the sales of the company come from the US that accounts for 60%, which states that the company has a strong presence in the country.
Related Reports:
Distributed Control System Market by Component (Hardware, Software, Services), Application (Continuous, Batch-Oriented), End-user (Oil & Gas, Power Generation, Chemical, Food & Beverages, Pharmaceutical, Metal & Mining), Region - Global Forecast to 2028
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