Asia Pacific Distributed Control Systems Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Hardware, Software, and Services) and Industry Vertical (Power Generation, Oil and Gas, Pharmaceutical, Food and Beverages, Chemicals, and Other Industries)
Market Introduction
APAC is a technologically advancing region with economically developing, tech-savvy countries, including China, India, Japan, South Korea, and Australia. The demand for advanced technologies is high in these countries, and the governments and private organizations are investing significantly in developing and procuring advanced systems. Energy & power, food & beverages, automotive, and chemicals & petrochemicals, and pharmaceuticals are among the fastest-growing industries in the region. The escalating production capabilities in these industries are bolstering the demand for DCS. China is the most technologically developed market in APAC. Although it has a small oil & gas business, the chemicals and petrochemicals industries are much large in the country. The chemical and petrochemical plants have numerous input/output (I/O) points, and it is difficult to monitor and regulate each I/O point without human intervention; this encourages the adoption of DCS in these industries in China. Several political, environmental, legal, and economic parameters, among others, limit new industrial infrastructure construction projects in APAC. However, the infrastructure installed with DCS demands continuous operation, and due to this, the demand for services providers is surging in the region, which is ultimately boosting the distributed control systems market in Asia-Pacific. Moreover, demand for DCS is anticipated to rise during the forecast period in the region as the countries are attracting large number of Greenfield Investments. This enables various government-funded companies, private companies, as well as public–private collaborators to opt for advanced technologies. Further, the Southeast Asian countries are experiencing growth in the oil & gas industry as well as the power generation sector, which is a playing a vital role in the growth of APAC distributed control systems market.
In case of COVID-19, APAC is highly affected especially India. The COVID-19 pandemic has severely impacted APAC due to wide disease spread; countries in this region are among the highly populated, which leads to the greater risk infection spread. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has affected major economies such as China, India, Australia, and Japan, which are experiencing inflation. India is the worst-hit country by the pandemic in this region. Many global brands and technological companies are headquartered in the region. The limitations imposed by governments to control the spread of COVID-19, the impact of the disease on populations of different countries in the region, and current inability to utilize production capabilities are the key factors impacting distributed control systems market in Asian countries. Therefore, the COVID-19 pandemic is likely to continue to hinder the distributed control systems market growth in APAC.
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Market Overview and Dynamics
The APAC distributed control systems market is expected to grow from US$ 6,090.91 million in 2021 to US$ 9,241.26 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028. The manufacturing sector in region has witnessed rapid growth in recent times due to huge investments gathered from the governments of the various countries. The robust PMI in the region indicates strong rebound in the manufacturing sector, significant progress in the emerging industrial sector, and rising prices of commodities in different countries. The manufacturing industries are projected to adopt advanced technology to continue with their streak of expansion and productivity improvement. Moreover, on the basis of cost, quality, service, and time-to-market, various product manufacturers are facing severe rivalry from their competitors. They are also facing significant hurdles in maintaining a perfect balance between product demand and supply. As a result, they tend to focus on their core capabilities. As the functionality of equipment such as industrial robots increases, non-automotive industries are projected to accelerate their usage of industrial automation. These figures are encouraging for manufacturers since they show that there is still a lot of room for adoption to grow. Low penetration is projected to accelerate significant growth during the forecast period, as long as the government provides significant support to the manufacturers. Distributed control systems enable remote monitoring of activities and ensure enhanced efficiencies with scaled up productivity in manufacturing plants. The increasing adoption of automation in the manufacturing sector is propelling the demand for integration of DCS, further driving the APAC market growth.
Key Market Segments
In terms of component, the software segment accounted for the largest share of the APAC distributed control systems market in 2020. In terms of industry vertical, the oil and gas segment held a larger market share of the APAC distributed control systems market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the APAC distributed control systems market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ABB Ltd.; Emerson Electric Co.; General Electric Company; Honeywell International Inc.; NovaTech, LLC; Rockwell Automation, Inc.; Schneider Electric SE; Siemens AG; Toshiba Corporation; and Yokogawa Electric Corporation.
Reasons to buy report
- To understand the APAC distributed control systems market landscape and identify market segments that are most likely to guarantee a strong return
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- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC distributed control systems market
- Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.
APAC Distributed Control Systems Market Segmentation
APAC Distributed Control Systems Market - By Component
- Hardware
- Software
- Services
APAC Distributed Control Systems Market - By Industry Vertical
- Power Generation
- Oil and Gas
- Pharmaceutical
- Food and Beverages
- Chemicals
- Other Industries
APAC Distributed Control Systems Market - By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Distributed Control Systems Market - Company Profiles
- ABB Ltd.
- Emerson Electric Co.
- General Electric Company
- Honeywell International Inc.
- NovaTech, LLC
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- Toshiba Corporation
- Yokogawa Electric Corporation
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Distributed Control Systems Market – By Component
1.3.2 APAC Distributed Control Systems Market – By Industry Vertical
1.3.3 APAC Distributed Control Systems Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Distributed Control Systems Market - Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. APAC Distributed Control Systems Market – Market Dynamics
5.1 Key Market Drivers
5.1.1 Escalating Growth of Industrial Infrastructure and Focus on Automation
5.1.2 Burgeoning Demand of Electricity
5.1.3 Surging Labor Costs and Need for Accuracy in Production
5.2 Key Market Restraints
5.2.1 High Installation and Maintenance Cost
5.3 Key Market Opportunities
5.3.1 Rising Infrastructure Development and Smart Cities
5.4 Future Trends
5.4.1 Amalgamation of Industrial IoT (IIoT) and Artificial Intelligence
5.5 Impact Analysis of Drivers and Restraints
6. Distributed Control Systems Market – APAC Analysis
6.1 Overview
6.2 APAC Distributed Control Systems Market Revenue and Forecast to 2028 (US$ Million)
7. APAC Distributed Control Systems Market Analysis – By Component
7.1 Overview
7.2 APAC Distributed Control Systems Market Breakdown, by Component, 2020 & 2028
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware Market Revenue and Forecast to 2028 (US$ Million)
7.4 Software
7.4.1 Overview
7.4.2 Software Market Revenue and Forecast to 2028 (US$ Million)
7.5 Services
7.5.1 Overview
7.5.2 Services Market Revenue and Forecast to 2028 (US$ Million)
8. APAC Distributed Control Systems Market Analysis – By Industry Vertical
8.1 Overview
8.2 APAC Distributed Control Systems Market Breakdown, By Industry Vertical, 2020 & 2028
8.3 Power Generation
8.3.1 Overview
8.3.2 Power Generation Market Revenue and Forecast to 2028 (US$ Million)
8.4 Oil & Gas
8.4.1 Overview
8.4.2 Oil & Gas Market Revenue and Forecast to 2028 (US$ Million)
8.5 Pharmaceutical
8.5.1 Overview
8.5.2 Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
8.6 Food & Beverages
8.6.1 Overview
8.6.2 Food & Beverages Market Revenue and Forecast to 2028 (US$ Million)
8.7 Chemicals
8.7.1 Overview
8.7.2 Chemicals Market Revenue and Forecast to 2028 (US$ Million)
8.8 Other Industries
8.8.1 Overview
8.8.2 Other Industries Market Revenue and Forecast to 2028 (US$ Million)
9. APAC Distributed Control Systems Market – Country Analysis
9.1 Overview
9.1.1 APAC: Distributed Control Systems Market, by Key Country
9.1.1.1 Australia: Distributed Control Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Distributed Control Systems Market, by Component
9.1.1.1.2 Australia: Distributed Control Systems Market, by Industry Vertical
9.1.1.2 China: Distributed Control Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Distributed Control Systems Market, by Component
9.1.1.2.2 China: Distributed Control Systems Market, by Industry Vertical
9.1.1.3 India: Distributed Control Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Distributed Control Systems Market, by Component
9.1.1.3.2 India: Distributed Control Systems Market, by Industry Vertical
9.1.1.4 Japan: Distributed Control Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Distributed Control Systems Market, by Component
9.1.1.4.2 Japan: Distributed Control Systems Market, by Industry Vertical
9.1.1.5 South Korea: Distributed Control Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Distributed Control Systems Market, by Component
9.1.1.5.2 South Korea: Distributed Control Systems Market, by Industry Vertical
9.1.1.6 Rest of APAC: Distributed Control Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of APAC: Distributed Control Systems Market, by Component
9.1.1.6.2 Rest of APAC: Distributed Control Systems Market, by Industry Vertical
10. APAC Distributed Control Systems Market- COVID-19 Impact Analysis
10.1 APAC
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
12. Company Profiles
12.1 ABB Ltd.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Emerson Electric Co.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 General Electric Company
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Honeywell International Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 NovaTech, LLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Rockwell Automation, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Schneider Electric SE
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Siemens AG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Toshiba Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Yokogawa Electric Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. APAC Distributed Control Systems Market Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC: Distributed Control Systems Market, Revenue and Forecast to 2028 - By Country (US$ Million)
Table 3. Australia: Distributed Control Systems Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 4. Australia: Distributed Control Systems Market, Revenue and Forecast to 2028 - By Industry Vertical (US$ Million)
Table 5. China: Distributed Control Systems Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 6. China: Distributed Control Systems Market, Revenue and Forecast to 2028 - By Industry Vertical (US$ Million)
Table 7. India: Distributed Control Systems Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 8. India: Distributed Control Systems Market, Revenue and Forecast to 2028 - By Industry Vertical (US$ Million)
Table 9. Japan: Distributed Control Systems Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 10. Japan: Distributed Control Systems Market, Revenue and Forecast to 2028 - By Industry Vertical (US$ Million)
Table 11. South Korea: Distributed Control Systems Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 12. South Korea: Distributed Control Systems Market, Revenue and Forecast to 2028 - By Industry Vertical (US$ Million)
Table 13. Rest of APAC: Distributed Control Systems Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 14. Rest of APAC: Distributed Control Systems Market, Revenue and Forecast to 2028 - By Industry Vertical (US$ Million)
Table 15. Glossary of Terms
LIST OF FIGURES
Figure 1. APAC Distributed Control Systems Market Segmentation
Figure 2. APAC Distributed Control Systems Market Segmentation – By Country
Figure 3. APAC Distributed Control Systems Market Overview
Figure 4. Software Segment Held the Largest Market Share in 2020
Figure 5. Oil and Gas Segment Held the Largest Market Share in 2020
Figure 6. China Held the Largest Market Share in 2020
Figure 7. APAC – PEST Analysis
Figure 8. Expert Opinion
Figure 9. APAC Distributed Control Systems Market Impact Analysis of Drivers and Restraints
Figure 10. APAC Distributed Control Systems Market Revenue and Forecast To 2028 (US$ Million)
Figure 11. APAC Distributed Control Systems Market Breakdown, by Component, 2020 & 2028 (%)
Figure 12. APAC Hardware Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC Software Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC Services Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Distributed Control Systems Market Breakdown, By Industry Vertical, 2020 & 2028 (%)
Figure 16. APAC Power Generation Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Oil & Gas Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Pharmaceutical Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC Food & Beverages Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC Chemicals Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC Other Industries Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC: Distributed Control Systems Market, by Key Country – Revenue (2020) (USD Million)
Figure 23. APAC: Distributed Control Systems Market, by Country, 2020 & 2028 (%)
Figure 24. Australia: Distributed Control Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. China: Distributed Control Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. India: Distributed Control Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Japan: Distributed Control Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. South Korea: Distributed Control Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of APAC: Distributed Control Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in APAC Country Markets
- ABB Ltd.
- Emerson Electric Co.
- General Electric Company
- Honeywell International Inc.
- NovaTech, LLC
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- Toshiba Corporation
- Yokogawa Electric Corporation
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