Despite supply chain challenges, ongoing economic uncertainty, and rising energy and the prices of raw materials, the global Distributed Control Systems (DCS) market did provide some pockets of opportunity for suppliers. Governments around the world showed an increasing appetite toward investing to become less dependent on unreliable foreign suppliers of energy. This increased focus on energy security, and helped drive investment activity in nuclear, LNG, and even fossil fuel power plants. Sustainability goals and environmental, social, and governance (ESG) mandates have taken the forefront of every business sector. For many of the heavy process industries, decarbonization impacts the entire value chain, including raw materials, manufacturing products materials and components, as well as consumption by consumers and disposal.
"Leading chemical R&D groups are now making investments in advanced chemical recycling along with the help of several smaller engineering firms (startups). Processes such as depolymerization and improved pyrolysis technologies to turn mixed plastic waste into naphtha or pyrolysis oil, which can be cracked into petrochemicals and plastics, will eventually decrease in cost, and become more easily scalable and economically viable. Over time these methods of advanced recycling will continue to be more cost effective. Key drivers for investments are to satisfy customer buying preferences and access to new markets ," according to Harry Forbes, Director of Research and key author of ARC's Distributed Control Systems Market Research.
Distributed Control Systems Market Trends
In addition to providing detailed competitive market share data, the research also addresses key market trends as follows:
- Beyond Main Automation Contractor
- Modular Automation
- Remote Operations Management
- Higher Levels of Cybersecurity
Leading Suppliers to the Distributed Control Systems Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: ABB, Emerson Automation Solutions, Honeywell, Siemens, Yokogawa.
About the Distributed Control Systems Research
The Distributed Control Systems research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and five years of historical analysis. The segmentation includes Industry, Customer Type, World Region, Sales Channel, Service Revenues by Type, World Region Total, Hardware by Type, Project Type, Application Type, Revenue Category, System Size, Unit Type Total, Overall Scope.
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