Controlling
industrial operations calls for the deployment of a sophisticated
network of systems and equipment. The need for such control and
monitoring solutions has given rise to a full-fledged global
industrial control systems market over the years. In 2014, industrial
control systems comprised a US$58 billion market, and analysts expect
this market to expand to US$81 billion by the end of 2021. When
translated to CAGR, this growth stands at 4.9% for the seven-year
period from 2015 to 2021.
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Monitoring the
performance of various systems and equipment at an industrial
facility has become an indispensable part of gauging its efficiency
and productivity, irrespective of the domain in question. By
deploying a network of interconnected equipment, functions such as
remote supervision, process automation, and automation of critical
infrastructure can be achieved. In order to achieve these ends,
different types of industrial control systems are available on the
market. These include: Supervisory control and data acquisition
(SCADA) systems, distributed control systems (DCS), and programmable
logic controllers (PLC).
Increased Remote
Supervision and Process Automation at Industrial Facilities Stirs
Demand in Industrial Control Systems Market
All over the world,
industrial facilities are moving closer to automation. Manual
supervision has dipped dramatically, and this aspect drives the space
for remote supervision. Companies are growingly dependent on software
that enables industrial control – the growth of the SCADA, PLC and
DCS markets is a result of this.
There are several
other factors that drive the global industrial control systems market
– the most notable being the integration of PLC software with ERP
systems and manufacturing execution systems. Furthermore, SCADA
integration has become a visible trend in the food and beverage and
oil and gas industries. This has taken the efficiency of existing
industrial control systems to a whole new level, helping up their
rate of adoption. The highest interest in industrial control systems
is currently emerging from China, Indonesia and India – countries
that have a clear industrial development roadmap for the next few
years. As more process automation projects are commissioned in these
countries, the industrial control systems market in these regions
will thrive.
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Demand for
Industrial Control Systems in the Chemical Industry is Escalating;
Distributed Control Systems Lead Market
The trillion-dollar
global chemical industry continues to post promising growth. The
production of chemicals in bulk, especially has boosted the
deployment of industrial control systems in the chemical sector.
Furthermore, rapidly industrializing nations in Asia Pacific have
undertaken massive investments in power transmission and
distribution. The utilities sector will thus contribute an
appreciable share to the process automation market, and consequently,
the industrial control systems market.
As compared to SCADA
and PLC, the demand for DCS industrial control systems was the
highest as of 2014. This segment comprised a 49.8% share of the total
industrial control systems market, when sectioned according to the
type of industrial control system. The setting up of new industrial
facilities from scratch has furthered the demand for DCS, especially
in South East Asia. The defining attributes of a DCS is its ease of
deployment and low ownership cost.
In 2014, North
America was reported as being the biggest regional market for
industrial control systems with a 33.5% of the market. The adoption
of PLC, SCADA as well as DCS is the highest in the oil and gas
industry, where fracking activities and the shale boom have
revitalized operations.
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