The COVID-19 pandemic has significantly affected the global automation industry. Its slow recovery drives growth opportunities for companies and end users willing to capitalize on technology to overcome weaknesses in the industrial value chain. The global distributed control systems (DCS) market witnessed a revenue decline in 2020, mainly because of canceled projects. However, project orders for DCS rebounded in 2021 and are expected to impact revenues positively in 2022 and 2023.
This Frost & Sullivan study analyzes the latest trends spurring transformational changes in the global DCS market and highlights growth drivers, restraints, and innovative growth opportunities on which industry stakeholders can capitalize. The detailed research includes examining different DCS end user across regions, the competitive market landscape, and recent initiatives of leading global DCS providers.
GROWTH PIPELINE DIALOG™
Take your first step towards achieving growth-centric solutions with our
Growth Pipeline Dialog™. Speak to our industry experts in a complimentary open discussion that will spark innovative thinking and growth opportunities that will benefit your organization.