At 5.5% CAGR, North America Distributed Control Systems Market is Projected to be Worth US$ 6,496.71 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the North America distributed control systems market was valued at US$ 4,240.56 million in 2022 and is expected to reach US$ 6,496.71 million by 2030, registering a CAGR of 5.5% from 2022 to 2030. Growing industrial automation worldwide and growing power and energy sector are among the critical factors attributed to the North America distributed control systems market expansion.

The 21st century is characterized by extreme competition in all industrial sectors. The manufacturers of various products face intense competition with their competitors on account of quality, service, costs, and time-to-market. Also, manufacturers have faced huge challenges concerning maintaining a perfect balance between the demand and supply of the product. With the increasing functionality of equipment such as industrial robots, it is projected that non-automotive industries will accelerate the adoption of industrial automation. This growth is attributed to the modernization and transformation required in distributed control system market.

The rising penetration of advanced technologies, such as machine learning (ML), the Internet of Things (IoT), and artificial intelligence (Al), has helped accelerate the growth of industrial automation. Furthermore, the increase in product development and strategic initiatives from key industrial control systems companies is boosting the demand for industrial automation. For instance, in October 2023, Rockwell Automation, Inc. and Microsoft Corp. announced an extension of their longstanding relationship to accelerate industrial automation design and development through generative artificial intelligence (AI). Similarly, in December 2023, Rockwell Automation, Inc. announced that it strengthened its collaboration with Michelin, one of the world’s leading tires manufacturing company, focusing on digital innovation across Michelin's manufacturing processes. Further, the growing industrial automation, the Internet of Things (IoT), and the 5G technology are a few factors contributing to market growth. Moreover, the penetration of connected enterprises and the need for mass manufacturing of products due to the growing demand for real-time data analysis across the globe and the rising integration of advanced technologies across end-use industries to improve performance are promoting automation trends in manufacturing.

The distributed control system enables remote monitoring of activities and ensures efficiency enhancement, thereby inducing growth and productivity in the manufacturing sector. The increasing adoption of automation in the manufacturing industry propels the demand for DCS integration, driving the distributed control system market.

On the contrary, vulnerability to cyberattacks hampers the growth of North America distributed control systems market.

Based on component, the North America distributed control systems market is segmented into hardware, software, and services. The hardware segment held 45.9% share of the North America distributed control systems market in 2022, amassing US$ 1,946.15 million. It is projected to garner US$ 2,829.29 million by 2030 to expand at 4.8% CAGR during 2022–2030.

In terms of industry, the North America distributed control systems market is segmented into power generation, oil and gas, pharmaceutical, food and beverages, chemicals, and others. The oil and gas segment held 26.6% share of the North America distributed control systems market in 2022, amassing US$ 1,127.89 million. It is estimated to garner US$ 1,534.87 million by 2030 to expand at 3.9% CAGR during 2022–2030.

Based on country, the North America distributed control systems market is categorized into the US, Canada, and Mexico. The US held 72.7% share of North America distributed control systems market in 2022, amassing US$ 3,084.59 million. It is projected to garner US$ 4,840.32 million by 2030 to expand at 5.8% CAGR during 2022–2030.

Key players operating in the North America distributed control systems market are Honeywell International Inc, General Electric Co, ABB Ltd, Yokogawa Electric Corp, Toshiba Corp, Siemens AG, Emerson Electric Co, NovaTech LLC, Schneider Electric SE, and Rockwell Automation Inc, among others.

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