Global Distributed Control Systems (DCS) Market in the Oil and Gas Industry 2021-2025

Global Distributed Control Systems (DCS) Market in the Oil and Gas Industry 2021-2025

Technavio has been monitoring the distributed control systems (DCS) market in the oil and gas industry and it is poised to grow by $ 566.70 mn during 2021-2025, progressing at a CAGR of 3.60% during the forecast period. Our report on distributed control systems (DCS) market in the oil and gas industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by rise in adoption of automation systems and increase in complexity of offshore field operations. In addition, rise in adoption of automation systems is anticipated to boost the growth of the market as well.

The distributed control systems (DCS) market in the oil and gas industry analysis includes the product segment and geographic landscape.

Technavio's distributed control systems (DCS) market in the oil and gas industry is segmented as below:

By Product

• Software
• Hardware
• Services

By Geographic

• North America
• MEA
• Europe
• APAC
• South America

This study identifies the emergence of new refinery projects as one of the prime reasons driving the distributed control systems (DCS) market growth in the oil and gas industry during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on distributed control systems (DCS) market in the oil and gas industry covers the following areas:

• Distributed control systems (DCS) market sizing
• Distributed control systems (DCS) market forecast
• Distributed control systems (DCS) market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading distributed control systems (DCS) market vendors in the oil and gas industry that include ABB Ltd., Azbil Corp., Emerson Electric Co., General Electric Co., Hollysys Automation Technologies Ltd., Honeywell International Inc., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. Also, the distributed control systems (DCS) market in the oil and gas industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

ABB Ltd., Azbil Corp., Emerson Electric Co., General Electric Co., Hollysys Automation Technologies Ltd., Honeywell International Inc., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corp.