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.
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.
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.
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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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