South & Central America Distributed Control Systems Market Forecast to 2030
South & Central America Distributed Control Systems Market Forecast to 2030 – Regional Analysis – by Component (Hardware, Software, and Services) and Industry (Power Generation, Oil and Gas, Pharmaceutical, Food and Beverages, Chemicals, and Others)
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Description
Increasing Demand from Oil & Gas Industry Fuels South & Central America 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.
South & Central America Distributed Control Systems Market Overview
The South America distributed control systems market showcases the ongoing trends in Brazil, Argentina, and the Rest of South America. Countries such as Venezuela and Brazil are oil-rich and have significant numbers of oil rigs, both on-shore and off-shore. Venezuela was South America’s largest oil producer. Its oil reserves (18% of the world’s total) outstrip those of Saudi Arabia. In addition, governments are focusing on attracting foreign direct investments (FDI) in order to enhance industries and adopt newer and more robust technologies. For instance, according to UNCTAD’s World Investment Report 2023, foreign direct investment (FDI) flows to Latin America and the Caribbean rose by 51% to US$ 208 billion in 2022, sustained by higher demand for commodities and critical minerals. These factors are crucial parameters influencing the distributed control systems market.
According to the latest worldwide industry forecast report published by the European Solar Energy Industry Association, the installed capacity of solar power generation in Latin America grew by 9.6 million KW, or 44%, in 2021. Policy will propel future improvements in the Latin America solar power market. The installed solar power generation capacity in the region is expected to rise by 30.8 million KW annually by 2026.
Brazil is the most developed country with a balanced economic condition among the countries in South America. The demand for power generation is one of the most demanding factors, and the government continuously emphasizes the heavy need to meet the ever-rising requirement. Hence, in order to fulfil this electricity requirements the government is adopting DCS, which facilitates the power generating and distribution authority to supply sufficient quantity, along with continued monitoring and control of electricity flow. This is catalyzing the demand for distribution control systems in the country.
South & Central America Distributed Control Systems Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Distributed Control Systems Market Segmentation
The South & Central America distributed control systems market is segmented based on component, industry, and country.
Based on component, the South & Central America 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 South & Central America 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 South & Central America distributed control systems market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America 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 South & Central America distributed control systems market.
Summary Info
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According to the Research Team’ research, the South & Central America distributed control systems market was valued at US$ 418.69 million in 2022 and is expected to reach US$ 525.23 million by 2030, registering a CAGR of 2.9% from 2022 to 2030. Integration of new technologies and architectural development in DCS are among the critical factors attributed to the South & Central America distributed control systems market expansion.
The industrial sector is increasingly adopting Industry 4.0, artificial intelligence (AI), IoT, cloud computing, edge computing, virtualization, decentralization, 5G, IIoT, augmented reality (AR), human-machine interaction (HMI), and other such technologies. The players are significantly investing in the development of industrial robots integrated with artificial intelligence. For instance, in December 2023, TeamViewer, a leading global provider of remote connectivity and workplace digitalization solutions, announced strategic investments in two pioneering companies for smart factory solutions: Sight Machine and Cybus. The company is strengthening its commitment to the digital transformation of industrial working environments and the convergence of Information and Operation Technology (IT & OT).
The landscape of industrial automation is experiencing a transformational evolution. Advancements in technologies such as artificial intelligence (AI), collaborative robots, and IoT integration are a some of the factors driving this evolution. Those businesses that successfully use emerging technologies and automation will have an advantage as labor challenges, tighter budgets, and higher demand, continue to plague businesses. Moreover, developing technologies such as digital twins, generative AI, and 4D vision are creating greater efficiencies in all areas of manufacturing. Businesses of all sizes will continue to invest in these technologies as they become more available. Artificial intelligence provides a comprehensive understanding of ongoing activities and can forecast equipment breakdowns in manufacturing through data. The synergistic utilization of generative artificial intelligence (AI) and automation holds transformative capabilities for businesses. AI will persist as a valuable resource for product development, while automation will serve as the catalyst to bring these products to life. Furthermore, the integration of digital twins and machine learning, to analyze the vast amount of data generated by automation systems is becoming gradually important. These software solutions will enable leaders to make better decisions based real-time analysis, improve predictive maintenance, and optimize processes throughout their operations. Thus, the advancements of new technologies such as Industry 4.0, artificial intelligence (AI), IoT, cloud computing, edge computing, virtualization, decentralization, 5G, and IIoT in various industries is anticipated to be a major trend in the distribution control system market.
On the contrary, vulnerability to cyberattacks hampers the growth of South & Central America distributed control systems market.
Based on component, the South & Central America distributed control systems market is segmented into hardware, software, and services. The hardware segment held 43.4% share of the South & Central America distributed control systems market in 2022, amassing US$ 181.58 million. It is projected to garner US$ 216.18 million by 2030 to expand at 2.2% CAGR during 2022–2030.
In terms of industry, the South & Central America 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 29.7% share of the South & Central America distributed control systems market in 2022, amassing US$ 124.17 million. It is estimated to garner US$ 137.73 million by 2030 to expand at 1.3% CAGR during 2022–2030.
Based on country, the South & Central America distributed control systems market is categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil held 71.9% share of South & Central America distributed control systems market in 2022, amassing US$ 300.87 million. It is projected to garner US$ 384.58 million by 2030 to expand at 3.1% CAGR during 2022–2030.
Key players operating in the South & Central America distributed control systems market are 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, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in South & Central America distributed control systems market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Distributed Control Systems Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain:
5. South & Central America Distributed Control Systems Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Industrial Automation Worldwide
5.1.2 Growing Power and Energy Sector
5.1.3 Increasing Demand from Oil & Gas Industry
5.2 Market Restraints
5.2.1 High Capital Expenditure
5.2.2 Vulnerability to Cyberattacks
5.3 Market Opportunities
5.3.1 Construction of New Manufacturing Facilities
5.3.2 Architectural Development in DCS
5.4 Future Trends
5.4.1 Integration of New Technologies
5.5 Impact of Drivers and Restraints:
6. Distributed Control Systems Market – South & Central America Market Analysis
6.1 South & Central America Distributed Control Systems Market Revenue (US$ Million), 2022–2030
6.2 South & Central America Distributed Control Systems Market Forecast Analysis
7. South & Central America Distributed Control Systems Market Analysis – by Component
7.1 Hardware
7.1.1 Overview
7.1.2 Hardware: South & Central America Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Software
7.2.1 Overview
7.2.2 Software: South & Central America Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Services
7.3.1 Overview
7.3.2 Services: South & Central America Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Distributed Control Systems Market Analysis – by Industry
8.1 Oil and Gas
8.1.1 Overview
8.1.2 Oil and Gas: South & Central America Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Power Generation
8.2.1 Overview
8.2.2 Power Generation: South & Central America Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Chemicals
8.3.1 Overview
8.3.2 Chemicals: South & Central America Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Food and Beverages
8.4.1 Overview
8.4.2 Food and Beverages: South & Central America Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Pharmaceutical
8.5.1 Overview
8.5.2 Pharmaceutical: South & Central America Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: South & Central America Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Distributed Control Systems Market –Country Analysis
9.1 South & Central America
9.1.1 South & Central America: Distributed Control Systems Market – Revenue and Forecast Analysis – by Country
9.1.1.1 South & Central America: Distributed Control Systems Market – Revenue and Forecast Analysis – by Country
9.1.1.2 Brazil: Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 Brazil: Distributed Control Systems Market Breakdown, by Component
9.1.1.2.2 Brazil: Distributed Control Systems Market Breakdown, by Industry
9.1.1.3 Argentina: Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 Argentina: Distributed Control Systems Market Breakdown, by Component
9.1.1.3.2 Argentina: Distributed Control Systems Market Breakdown, by Industry
9.1.1.4 Rest of South & Central America: Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 Rest of South & Central America: Distributed Control Systems Market Breakdown, by Component
9.1.1.4.2 Rest of South & Central America: Distributed Control Systems Market Breakdown, by Industry
10. Competitive Landscape
10.1 Heat Map Analysis By Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 Honeywell International Inc
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 General 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 ABB Ltd
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 Yokogawa Electric Corp
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 Toshiba Corp
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 Siemens AG
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 Emerson Electric Co
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 NovaTech LLC
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 Schneider Electric SE
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 Rockwell Automation Inc
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 the Reporting Teams
13.2 Word Index
Table 1. South & Central America Distributed Control Systems Market Segmentation
Table 2. South & Central America Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million)
Table 3. South & Central America Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 4. South & Central America Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million) – by Industry
Table 5. South & Central America: Distributed Control Systems Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 6. Brazil: Distributed Control Systems Market – Revenue and Forecast to 2030(US$ Million) – by Component
Table 7. Brazil: Distributed Control Systems Market – Revenue and Forecast to 2030(US$ Million) – by Industry
Table 8. Argentina: Distributed Control Systems Market – Revenue and Forecast to 2030(US$ Million) – by Component
Table 9. Argentina: Distributed Control Systems Market – Revenue and Forecast to 2030(US$ Million) – by Industry
Table 10. Rest of South & Central America: Distributed Control Systems Market – Revenue and Forecast to 2030(US$ Million) – by Component
Table 11. Rest of South & Central America: Distributed Control Systems Market – Revenue and Forecast to 2030(US$ Million) – by Industry
Table 12. Company Positioning & Concentration
Table 13. List of Abbreviation
Figure 1. South & Central America Distributed Control Systems Market Segmentation, by Country
Figure 2. Ecosystem: Distributed Control Systems Market
Figure 3. South & Central America Distributed Control Systems Market – Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. South & Central America Distributed Control Systems Market Revenue (US$ Million), 2022–2030
Figure 6. South & Central America Distributed Control Systems Market Share (%) – by Component (2022 and 2030)
Figure 7. Hardware: South & Central America Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Software: South & Central America Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Services: South & Central America Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. South & Central America Distributed Control Systems Market Share (%) – by Industry (2022 and 2030)
Figure 11. Oil and Gas: South & Central America Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Power Generation: South & Central America Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Chemicals: South & Central America Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Food and Beverages: South & Central America Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Pharmaceutical: South & Central America Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Others: South & Central America Distributed Control Systems Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. South & Central America Distributed Control Systems Market– Revenue and Forecast to 2030(US$ Million)
Figure 18. South & Central America: Distributed Control Systems Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 19. Brazil: Distributed Control Systems Market – Revenue and Forecast to 2030(US$ Million)
Figure 20. Argentina: Distributed Control Systems Market – Revenue and Forecast to 2030(US$ Million)
Figure 21. Rest of South & Central America: Distributed Control Systems Market – Revenue and Forecast to 2030(US$ Million)
Figure 22. Heat Map Analysis By Key Players
The List of Companies – South and Central America Distributed Control Systems Market
o Honeywell International Inc
o General Electric Co
o ABB Ltd
o Yokogawa Electric Corp
o Toshiba Corp
o Siemens AG
o Emerson Electric Co
o NovaTech LLC
o Schneider Electric SE
o Rockwell Automation Inc
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