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.
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.
No comments:
Post a Comment