
Middle East & Africa Distributed Control Systems Market
No. of Pages: 131 | Report Code: TIPRE00024499 | Category: Electronics and Semiconductor
No. of Pages: 131 | Report Code: TIPRE00024499 | Category: Electronics and Semiconductor
The Middle East & Africa distributed control systems market was valued at US$ 980.99 million in 2022 and is expected to reach US$ 1,324.37 million by 2030; it is estimated to register at a CAGR of 3.8% from 2022 to 2030.
Increasing Demand from Oil & Gas Industry Bolsters Middle East & Africa Distributed Control Systems Market
With the increasing industrialization and economic development, the demand for electricity is growing at an impressive pace. Electricity is one of the fastest-growing sources of energy worldwide, and during the forecast period, it is expected to dominate the overall energy demand worldwide. The power sector is one of the most promising sectors, especially in developing and underdeveloped regions. It is attracting more investments, majorly due to power infrastructure development, upgrade of aging infrastructure, change in energy requirements, clean energy initiatives, and urbanization. Moreover, per the International Energy Agency (IEA), renewable capacity will meet 35% of global power generation by 2025. It also predicts that renewable energy sources such as wind and solar power, together with nuclear, are likely to, on average, meet more than 90% of the rise in global demand by 2025. In addition, the growing demand for cooling and heating applications in both industrial and residential sectors is another factor fueling the electricity demand worldwide. All these factors are expected to drive the demand for electricity, which is further rising the need to install distributed control systems, as it help to centralize control, real-time monitoring of all the operations, and ensure efficient and safety, boosting the market growth.
Middle East & Africa Distributed Control Systems Market Overview
The Middle East & Africa (MEA) regional analysis on the distributed control systems market has been conducted by gathering insights from countries such as Saudi Arabia, the UAE, South Africa, and the Rest of MEA. The countries mentioned are witnessing growth in terms of new technology adoption, power generation and distribution, and oil & gas volume, among others. The continuous growth curve in the parameters is foreseen to drive the distributed control systems market in the region over the years. Further, many foreign companies are investing in power generation projects in the region. For instance, in June 2022, Korea Electric Power Corporation, Samsung C&T Corporation, and Korea Western Power, alongside Petrolyn Chemie, started building a US$ 1 billion Green H2 project in the UAE with a capacity to make 200,000 metric ton of green ammonia per year.
In August 2022, South African power utility Eskom announced that 343 MW of battery storage projects would be developed in remote locations in the country, in proximity to large-scale renewables. In addition, in June 2022, Japan's ENEOS and Mitsui signed an agreement with the UAE's Abu Dhabi National Oil Company to launch a joint study to evaluate the development of a large commercial 200,000 mt/year clean hydrogen supply chain between the UAE and Japan. The increase in the number of power generation projects will require DCS to control the operation precisely.
According to AsiaPower, the electricity demand in the Middle East increased by 2.6% in 2022, driven by the increase in population, the demand for cooling water and desalination, and the growth of energy-intensive industries. In addition, according to the International Energy Agency, the energy consumption in the region will grow 2% annually from 2023 to 2025. With an objective to meet the growing demand for electricity and to shift to renewable sources, the governments of the UAE, Saudi Arabia, and Qatar, among others, are seeking to implement DCS. This would benefit the governments in gathering information on customer usage patterns, controlling the electricity flow, preventing theft, fraud, and other illegal activities from mitigating loss, and also abiding by the norms set by the authorities in the respective countries. This factor is foreseen to impact the growth of the distributed control systems market positively.
Middle East & Africa Distributed Control Systems Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the Middle East & Africa Distributed Control Systems provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Middle East & Africa Distributed Control Systems refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Middle East & Africa Distributed Control Systems Strategic Insights
Middle East & Africa Distributed Control Systems Report Scope
Report Attribute
Details
Market size in 2022
US$ 980.99 Million
Market Size by 2030
US$ 1,324.37 Million
Global CAGR (2022 - 2030)
3.8%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Component
By Industry
Regions and Countries Covered
Middle East and Africa
Market leaders and key company profiles
Middle East & Africa Distributed Control Systems Regional Insights
Middle East & Africa Distributed Control Systems Market Segmentation
The Middle East & Africa distributed control systems market is segmented based on component, industry, and country.
Based on component, the Middle East & Africa distributed control systems market is segmented into hardware, software, and services. The hardware segment held the largest share in 2022.
In terms of industry, the Middle East & Africa 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 the largest share in 2022.
Based on country, the Middle East & Africa distributed control systems market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa distributed control systems market in 2022.
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 are some of the leading companies operating in the Middle East & Africa distributed control systems market.
The Middle East & Africa Distributed Control Systems Market is valued at US$ 980.99 Million in 2022, it is projected to reach US$ 1,324.37 Million by 2030.
As per our report Middle East & Africa Distributed Control Systems Market, the market size is valued at US$ 980.99 Million in 2022, projecting it to reach US$ 1,324.37 Million by 2030. This translates to a CAGR of approximately 3.8% during the forecast period.
The Middle East & Africa Distributed Control Systems Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Distributed Control Systems Market report:
The Middle East & Africa Distributed Control Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Distributed Control Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Distributed Control Systems Market value chain can benefit from the information contained in a comprehensive market report.