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The distributed control systems (DCS) market share in the oil and gas industry is expected to increase by USD 566.70 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.60%.
This distributed control systems (DCS) market in the oil and gas industry research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers distributed control systems (DCS) market in the oil and gas industry market segmentation by product (software, hardware, and services) and geography (North America, MEA, Europe, APAC, and South America). The distributed control systems (DCS) market in the oil and gas industry market report also offers information on several market vendors, including ABB Ltd., Azbil Corp., Emerson Electric Co., General Electric Co., Hollysys Automation Technologies Ltd., Honeywell International Inc., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. among others.
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The rise in the adoption of automation systems is notably driving the distributed control systems (DCS) market growth in the oil and gas industry, although factors such as cybersecurity threats may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the distributed control systems (DCS) industry in the oil and gas industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Distributed Control Systems (DCS) Market Driver in the Oil and Gas Industry
The rise in the adoption of automation systems is one of the key drivers supporting the distributed control systems (DCS) market growth in the oil and gas industry. Automation control systems are an integral part of the oil and gas industry as they ensure accuracy and precision. These systems offer improved control over the production process. The oil and gas industry is a process-based industry, and it is characterized by continuous operations and complex monitoring processes. Operators find it difficult to monitor and control the operations of the equipment used in the industry. DCS helps operators control operations with the help of HMI and controller. These systems automate safety processes, such as alarm management systems, and undertake corrective measures and predictive maintenance of equipment. Such factors will drive market growth during the forecast period.
Key Distributed Control Systems (DCS) Market Trend in the Oil and Gas Industry
The growing focus on data analytics in the oil and gas industry is another factor supporting the distributed control systems (DCS) market growth in the oil and gas industry. The oil and gas industry, by virtue of its size and complexity, is exposed to a large amount of data. These companies are now focusing on advanced technologies to optimize their production process. This is because of the growing complexity of oil and gas exploration and production. This sector deals with a large amount of data because it has numerous assets. Moreover, the volume of data generated has been growing significantly as the industry operates in a hostile environment and deals with unconventional resources. Thus, these companies are implementing advanced analytics and data capturing techniques to deal with a large amount of data. This will accelerate the demand for DCS with advanced analytics in the oil and gas industry during the forecast period.
Key Distributed Control Systems (DCS) Market Challenge in the Oil and Gas Industry
Cybersecurity threats is one of the factors hindering the distributed control systems (DCS) market growth in the oil and gas industry. Cyberthreats are increasing in number, and hackers are devising new methodologies to gain access to critical information with the introduction of ransomware and distributed denial of service (DDoS) attacks. Ransomware attacks help hackers target systems that are deemed important for a particular party and demand ransom in return from the concerned party. The number of ransomware attacks across the world witnessed an increase, and the oil and gas industry was one of the most affected. Though such instances make suppliers and end-users of automation systems are improving security measures to combat cyberattacks, the emergence of new technologies for cybercrimes has put DCS solutions at high risk. These factors will lead to limiting the growth of the market during the forecast period.
This distributed control systems (DCS) market in the oil and gas industry analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the distributed control systems (DCS) market in the oil and gas industry as a part of the global electrical components and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the distributed control systems (DCS) market in the oil and gas industry during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the distributed control systems (DCS) market in the oil and gas industry market encompasses successful business strategies deployed by the key vendors. The distributed control systems (DCS) market in the oil and gas industry market is fragmented and the vendors are deploying growth strategies such as focusing on services, wherein they are providing different DCS services throughout the life cycle of DCS to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The distributed control systems (DCS) market in the oil and gas industry forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the distributed control systems (DCS) market in the oil and gas industry, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the electrical components and equipment market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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30% of the market's growth will originate from North America during the forecast period. The US is the key market for distributed control systems (DCS) market in the oil and gas industry in North America. Market growth in this region will be slower than the growth of the market in APAC.
The increasing shale drilling that has led to high investment will facilitate the distributed control systems (DCS) market in the oil and gas industry growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 severely impacted the regional DCS market for the oil and gas industry in 2020. This is attributed to the decline in the consumption of oil and gases due to the imposition of periodic lockdowns. Moreover, rising investments regional in oil refineries are further expected to drive the market growth during the forecast period.
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The distributed control systems (DCS) market share growth in the oil and gas industry by the software segment will be significant during the forecast period. The DCS software market in the oil and gas industry is witnessing strong growth owing to system upgrades in legacy DCS and new capacity additions. With the use of the software, the oil and gas industry can easily integrate DCS hardware with other automation control systems. DCS software undergoes frequent updates, unlike hardware that is installed once and replaced or retrofitted less frequently. Thus, rising updates of the existing software and the launch of new DCS software would further bolster the market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the distributed control systems (DCS) market size in the oil and gas industry and actionable market insights on post COVID-19 impact on each segment.
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Distributed Control Systems (DCS) Market Scope in the Oil and Gas Industry Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.60% |
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Market growth 2021-2025 |
$ 566.70 million |
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Market structure |
Fragmented |
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YoY growth (%) |
3.08 |
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Regional analysis |
North America, MEA, Europe, APAC, and South America |
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Performing market contribution |
North America at 30% |
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Key consumer countries |
US, Saudi Arabia, Russian Federation, Australia, and China |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ABB Ltd., Azbil Corp., Emerson Electric Co., General Electric Co., Hollysys Automation Technologies Ltd., Honeywell International Inc., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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***1. Executive Summary
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 01: Parent market
*Exhibit 02: Market characteristics
**2.2 Value chain analysis
*Exhibit 03: Value chain analysis: Electrical components and equipment
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 Aftermarket and service
***3. Market Sizing
**3.1 Market definition
*Exhibit 04: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 05: Market segments
**3.3 Market size 2020
**3.4 Market outlook: Forecast for 2020 - 2025
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
*Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 08: Five forces analysis 2020 & 2025
**4.2 Bargaining power of buyers
*Exhibit 09: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 10: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 11: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 12: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 13: Threat of rivalry
**4.7 Market condition
*Exhibit 14: Market condition - Five forces 2020
***5. Market Segmentation by Product
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 15: Product - Market share 2020-2025 (%)
**5.2 Comparison by Product
*Exhibit 16: Comparison by Product
**5.3 Software - Market size and forecast 2020-2025
*Exhibit 17: Software - Market size and forecast 2020-2025 ($ million)
*Exhibit 18: Software - Year-over-year growth 2020-2025 (%)
**5.4 Hardware - Market size and forecast 2020-2025
*Exhibit 19: Hardware - Market size and forecast 2020-2025 ($ million)
*Exhibit 20: Hardware - Year-over-year growth 2020-2025 (%)
**5.5 Services - Market size and forecast 2020-2025
*Exhibit 21: Services - Market size and forecast 2020-2025 ($ million)
*Exhibit 22: Services - Year-over-year growth 2020-2025 (%)
**5.6 Market opportunity by Product
*Exhibit 23: Market opportunity by Product
***6. Customer landscape
*Exhibit 24: Customer landscape
***7. Geographic Landscape
**7.1 Geographic segmentation
*The regions covered in the report are:
*Exhibit 25: Market share by geography 2020-2025 (%)
**7.2 Geographic comparison
*Exhibit 26: Geographic comparison
**7.3 North America - Market size and forecast 2020-2025
*Exhibit 27: North America - Market size and forecast 2020-2025 ($ million)
*Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
**7.4 MEA - Market size and forecast 2020-2025
*Exhibit 29: MEA - Market size and forecast 2020-2025 ($ million)
*Exhibit 30: MEA - Year-over-year growth 2020-2025 (%)
**7.5 Europe - Market size and forecast 2020-2025
*Exhibit 31: Europe - Market size and forecast 2020-2025 ($ million)
*Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
**7.6 APAC - Market size and forecast 2020-2025
*Exhibit 33: APAC - Market size and forecast 2020-2025 ($ million)
*Exhibit 34: APAC - Year-over-year growth 2020-2025 (%)
**7.7 South America - Market size and forecast 2020-2025
*Exhibit 35: South America - Market size and forecast 2020-2025 ($ million)
*Exhibit 36: South America - Year-over-year growth 2020-2025 (%)
**7.8 Key leading countries
*Exhibit 37: Key leading countries
**7.9 Market opportunity by geography
*Exhibit 38: Market opportunity by geography ($ million)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Rise in adoption of automation systems
*8.1.2 Increase in complexity of offshore field operations
*8.1.3 Emergence of new refinery projects
**8.2 Market challenges
*8.2.1 Cybersecurity threats
*8.2.2 Interoperability issues due to proprietary software
*8.2.3 Price volatility in the oil and gas industry
*Exhibit 39: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Growing focus on data analytics in the oil and gas industry
*8.3.2 Virtualization of DCS
*8.3.3 Increase in LNG trade
***9. Vendor Landscape
**9.1 Vendor landscape
*Exhibit 40: Vendor landscape
**9.2 Landscape disruption
*Exhibit 41: Landscape disruption
*Exhibit 42: Industry risks
**9.3 Competitive landscape
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 43: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 44: Market positioning of vendors
*10.3 ABB Ltd.
*Exhibit 45: ABB Ltd. - Overview
*Exhibit 46: ABB Ltd. - Business segments
*Exhibit 47: ABB Ltd. - Key offerings
*Exhibit 48: ABB Ltd. - Segment focus
**10.4 Azbil Corp.
*Exhibit 49: Azbil Corp. - Overview
*Exhibit 50: Azbil Corp. - Business segments
*Exhibit 51: Azbil Corp. - Key offerings
*Exhibit 52: Azbil Corp. - Segment focus
**10.5 Emerson Electric Co.
*Exhibit 53: Emerson Electric Co. - Overview
*Exhibit 54: Emerson Electric Co. - Business segments
*Exhibit 55: Emerson Electric Co. - Key news
*Exhibit 56: Emerson Electric Co. - Key offerings
*Exhibit 57: Emerson Electric Co. - Segment focus
**10.6 General Electric Co.
*Exhibit 58: General Electric Co. - Overview
*Exhibit 59: General Electric Co. - Business segments
*Exhibit 60: General Electric Co. - Key offerings
*Exhibit 61: General Electric Co. - Segment focus
**10.7 Hollysys Automation Technologies Ltd.
*Exhibit 62: Hollysys Automation Technologies Ltd. - Overview
*Exhibit 63: Hollysys Automation Technologies Ltd. - Business segments
*Exhibit 64: Hollysys Automation Technologies Ltd. - Key offerings
*Exhibit 65: Hollysys Automation Technologies Ltd. - Segment focus
**10.8 Honeywell International Inc.
*Exhibit 66: Honeywell International Inc. - Overview
*Exhibit 67: Honeywell International Inc. - Business segments
*Exhibit 68: Honeywell International Inc. - Key offerings
*Exhibit 69: Honeywell International Inc. - Segment focus
**10.9 Rockwell Automation Inc.
*Exhibit 70: Rockwell Automation Inc. - Overview
*Exhibit 71: Rockwell Automation Inc. - Business segments
*Exhibit 72: Rockwell Automation Inc. - Key news
*Exhibit 73: Rockwell Automation Inc. - Key offerings
*Exhibit 74: Rockwell Automation Inc. - Segment focus
**10.10 Schneider Electric SE
*Exhibit 75: Schneider Electric SE - Overview
*Exhibit 76: Schneider Electric SE - Business segments
*Exhibit 77: Schneider Electric SE - Key offerings
*Exhibit 78: Schneider Electric SE - Segment focus
**10.11 Siemens AG
*Exhibit 79: Siemens AG - Overview
*Exhibit 80: Siemens AG - Business segments
*Exhibit 81: Siemens AG - Key offerings
*Exhibit 82: Siemens AG - Segment focus
**10.12 Yokogawa Electric Corp.
*Exhibit 83: Yokogawa Electric Corp. - Overview
*Exhibit 84: Yokogawa Electric Corp. - Business segments
*Exhibit 85: Yokogawa Electric Corp. - Key offerings
*Exhibit 86: Yokogawa Electric Corp. - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 Objective
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 87: Currency conversion rates for US$
**11.3 Research Methodology
*Exhibit 88: Research Methodology
*Exhibit 89: Validation techniques employed for market sizing
*Exhibit 90: Information sources
**11.4 List of abbreviations
*Exhibit 91: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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