Blockchain Press Releases
Distributed Control System Market worth $26.7 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 25, 2023 /PRNewswire/ — Distributed Control System Market is projected to reach USD 26.7 billion in 2028 from USD 19.9 billion in 2023 at a CAGR of 6.1% according to a new report by MarketsandMarkets™. A distributed control system (DCS) is an industrial automation solution widely utilized in process industries. Its main function is to enable plant control through a network of supervisory and control elements distributed throughout the facility. DCS is commonly employed in industries like food & beverages, pharmaceuticals, and petrochemicals, where it efficiently manages manufacturing processes. These industries often involve continuous or complex batch-oriented production methods, and DCS effectively oversees and optimizes these processes for enhanced efficiency and productivity.
Browse in-depth TOC on “Distributed Control System Market“
260 – Tables
60 – Figures
240 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=239430160
Distributed Control System Market Scope:
|
Report Coverage  |
Details |
|
Market Size |
USD 26.7 billion in 2028 |
|
Growth Rate |
6.1% of CAGR |
|
Largest Market |
Asia Pacific |
|
Market Dynamics |
Drivers, Restraints, Opportunities & Challenges |
|
Forecast Period |
2023-2028 |
|
Forecast Units |
Value (USD Million/USD Billion) |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
Distributed Control System Market by Shipment Scale, Component, Application, End-Use industry, and Region. |
|
Geographies Covered |
Asia Pacific, North America, Europe, South America, Middle East, and Africa. |
|
Report Highlights |
Updated financial information / product portfolio of players |
|
Key Market Opportunities |
Replacement of aging grid infrastructure and the need for reliable T&D networks |
|
Key Market Drivers |
Growing investments in power generation, specifically from renewable energy sources |
The Services segment, by component, is expected to grow at the highest CAGR during the forecast period.
Based on component, the Distributed Control System Market has been segmented into software, hardware, and services. During the forecast period, the services segment is projected to experience the highest growth in the Distributed Control System (DCS) market. DCS services encompass a wide range of offerings, such as maintenance, installation, upgrades, plant asset management, alarm management, lifecycle services, migration services, consulting, simulation, training services, and technical assistance. The growing demand for plant optimization in various industries is a significant driver for the expansion of the services segment in the DCS market. As industries strive to enhance their operational efficiency and productivity, the need for expert services to implement, maintain, and optimize DCS solutions becomes increasingly essential, contributing to the rapid growth of this segment.
The Power Generation segment, by end-use industry, is expected to be the second largest segment during the forecast period
This report segments the Distributed Control System Market based on application into eight segments: Oil & Gas, Power Generation, Chemicals, Food & Beverages, Pharmaceutical, Metals & Mining, Paper & Pulp, and Others. Power Generation segment is expect to hold the second largest share during the forecast period. The growth is attributed by the increasing foreign investments in upgradation and modernization of power grid infrastructure especially in Asia Pacific, North America and Europe region. The distributed control systems (DCS) plays an crucial role in this modernization effort by enabling advanced automation and control capabilities within the power grid. Further, distributed control systems are used in coal-fired power plants, gas-fired power plants, nuclear plants, hydropower plants, solar power plants, and wind power plants for process automation due to their ability to integrate PLCs, third-party controls, safety systems, and turbomachinery controls.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=239430160
Asia Pacific is expected to be the largest region in the Distributed Control System Industry
Asia Pacific is expected to be the largest Distributed Control System Market during the forecast period. The Asia Pacific region, comprising major economies such as China, India, Japan, and South Korea, are witnessing significant growth for due to rapid regional industrialization, urbanization, and economic growth, which are leading to the installation of new distributed control systems. Rising investments in power generation industry is expected to support market grow in Asia Pacific as it can attribute to the increasing demand for power from various areas, which in turn increases the demand for the distributed control system. Moreover, the automation is increasing in APAC across various industries because of the rising need for high-quality products and increasing production rates.
Key Market Players:
Some of the major players in the Distributed Control System Companies are Siemens (Germany), ABB (Switzerland), Schneider Electric (France), Emerson Electric Co. (US), and Honeywell International Inc. (US). The major strategies these players adopt include new product launches, contracts, agreements, collaborations, partnerships, acquisitions, and investments & expansions.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=239430160
Recent Developments
- In February 2023, ABB has recently launched the ABB Ability Symphony Plus distributed control system (DCS) in order to support digital transformation in the power generation and water industries. The latest Symphony Plus version will further enhance customers digital journey, through a simpler and secure OPC UA1 connection.
- In October 2022, Emerson have signed a five-year agreement with LANXESS, a specialty chemicals company. Emerson will help drive the adoption of advanced automation technologies and enable more efficient project implementation that will allow LANXESS to achieve shorter time-to-market for new products.
- In October 2022, Emerson has introduced a new version of its DeltaV distributed control system (DCS). DeltaV DCS Version 15 assists facilities in digitally transforming operations through increased production optimization and improved operator performance.
- In December 2022, Valmet will deliver the Valmet DNA Automation System (DCS) and the Valmet IQ Quality Control System (QCS) to Schumacher Packaging’s Myszków facility in Poland for the repair of the board machine 2. The aim is to increase the plant’s output efficiency and product quality. The installation is set to begin in May 2023.
- In November 2022, Rockwell Automation launched the FLEXHA 5000TM I/O family, which provides high availability and continues the advancement of the PlantPAx Distributed Control System (DCS). It provides easily integrated design, allowing clients to observe more efficient engineering time, consistent operations, and optimized footprints.
Browse Adjacent Markets: Energy and Power Market Research Reports & Consulting
Related Reports:
Distributed Energy Resource Management System Market – Global Forecast to 2026
Power SCADA Market – Global Forecast to 2026
About MarketsandMarkets™:
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/distributed-control-system-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/distributed-control-system.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/distributed-control-system-market-worth-26-7-billion-by-2028—exclusive-report-by-marketsandmarkets-301884867.html
DUBAI, UAE, Jan. 16, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, and SignalPlus, an innovative social trading platform aimed at democratizing options trading for digital and crypto assets, are excited to announce the Bybit x SignalPlus 2025 Global Trading Competition. With a staggering total prize pool of 100,000 USDC, this competition promises to be the ultimate stage for traders to showcase their skills and seize lucrative rewards.
From now until February 5, 2025, 8:00 AM UTC, the competition is open to all Bybit users—excluding residents of restricted jurisdictions.. This event invites participants to engage in options, spot, or futures trading for their chance to claim a share of the impressive prize pool.
“We are thrilled to partner with SignalPlus for the Bybit x SignalPlus 2025 Global Trading Competition,” said Joan Han, Sales & Marketing Director at Bybit. “This event reflects our commitment to fostering an active and vibrant trading community. Whether you’re a novice or a seasoned trader, this competition offers a platform to enhance your trading skills and earn exciting rewards.”
Chris Yu, CEO at SignalPlus, shared his enthusiasm: “Collaborating with Bybit reflects our unwavering commitment to empowering traders with cutting-edge tools and actionable insights. This competition is a unique opportunity for participants to showcase their trading expertise and be handsomely rewarded for their achievements.”
Competition Highlights
- 100,000 USDC Prize Pool: Compete for your share of a massive prize pool.
- Daily Rewards System: Win prizes daily, with rewards credited promptly to energize your next trades.
- Team Competition: The top four (4) teams will split a 7,300 USDC prize pool. Daily, one lucky team member will win a luxury 3-day, 2-night trip to Korea or its equivalent value in USDC.
- Individual Competition: The top 35 winners will share 7,702 USDC, with individual prizes ranging from 30 USDC to 2,000 USDC. Daily rankings and lucky draws offer opportunities to win up to 250 USDC.
- Daily Lucky Draw: Over 21 days, 129 winners will be chosen daily, ensuring that every trade counts toward exciting rewards.
- Special Bonuses: Link your Bybit API to SignalPlus for a 10 USDC rebate. Complete your first Options trade on SignalPlus to earn an additional 20 USDC rebate.
For more details on the Bybit x SignalPlus 2025 Global Trading Competition, please visit here: https://announcements.bybit.com/article/-bybit-x-signalplus-2025-global-trading-competition-returns-with-bigger-rewards-win-your-share-of-the-100-000-usdc-prize-pool–blt36f0435aff9e950f/
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2599537/Bybit___SignalPlus_Unveil_100_000_USDC_Global_Trading_Showdown.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bybit–signalplus-unveil-the-100-000-usdc-global-trading-showdown-302352908.html
Blockchain
Blocks & Headlines: Today in Blockchain (BubbleMaps, Pantera Capital, Week 2025, FP Complete, FP Block, Bybit, FarmX)
Op-Ed: Blockchain’s Expanding Horizons
Blockchain technology continues to disrupt traditional systems, fostering innovation across diverse industries. From advancing digital infrastructure to enhancing transparency and security, its transformative potential is undeniable. Today’s briefing delves into groundbreaking developments that underline blockchain’s growing influence globally.
BubbleMaps Enhances Transparency in Solana Ecosystem
BubbleMaps, a blockchain investigation platform, has extended its capabilities to include Solana tokens. This platform empowers users to visualize token distributions, enhancing transparency and accountability within decentralized ecosystems. By highlighting token relationships, BubbleMaps aids in identifying potential risks, such as centralized holdings or suspicious activity.
This expansion underscores the increasing demand for tools that ensure trust and integrity in blockchain networks, a critical factor in driving mass adoption.
Source: Decrypt
Pantera Capital Highlights Blockchain’s Role in USD Dominance
Pantera Capital has published insights emphasizing blockchain’s crucial role in fortifying the U.S. dollar’s global supremacy. By creating robust digital infrastructures, blockchain technologies enable seamless cross-border transactions, enhance financial transparency, and reduce reliance on intermediaries.
The report advocates for strategic adoption of blockchain solutions to maintain the dollar’s position in an increasingly digital financial landscape. This perspective aligns with broader trends favoring blockchain’s integration into national economic strategies.
Source: Daily Hodl
German Blockchain Week 2025: Bridging Europe and Asia
The recently concluded German Blockchain Week 2025 showcased innovative projects and fostered collaboration between European and Asian markets. Key discussions revolved around regulatory harmonization, decentralized finance (DeFi) opportunities, and cross-border partnerships.
This event highlights the importance of international cooperation in addressing challenges and unlocking the full potential of blockchain technology on a global scale.
Source: AccessWire
FP Complete Evolves into FP Block, Emphasizing Blockchain Engineering
FP Complete has announced its strategic transformation into FP Block, marking a significant shift toward blockchain engineering. This rebranding reflects the company’s commitment to delivering cutting-edge blockchain solutions, including smart contract development, decentralized application (dApp) frameworks, and tokenomics design.
The move positions FP Block as a key player in the blockchain innovation space, catering to the growing demand for specialized engineering expertise in decentralized technologies.
Source: Business Wire
Bybit Web3 Launches FarmX on Telegram
Bybit Web3 has unveiled FarmX, a decentralized farming game integrated into Telegram’s Web3 ecosystem. FarmX combines gaming with blockchain-based rewards, enabling players to earn digital assets through in-game activities.
This innovative approach to gaming exemplifies the potential of blockchain to redefine user engagement, blending entertainment with financial incentives in decentralized environments.
Source: PR Newswire
Analysis and Takeaways
- Enhanced Transparency: BubbleMaps’ integration of Solana tokens demonstrates the importance of tools that promote transparency in blockchain networks.
- Strategic Infrastructure: Pantera Capital’s insights reinforce the critical role of blockchain in maintaining economic dominance in the digital age.
- Global Collaboration: Events like German Blockchain Week 2025 emphasize the need for international partnerships to address regulatory and operational challenges.
- Specialized Engineering: FP Block’s focus on blockchain engineering highlights the growing demand for expertise in building decentralized systems.
- Blockchain Gaming: Bybit Web3’s FarmX showcases the fusion of gaming and blockchain, paving the way for innovative user experiences and financial inclusivity.
The post Blocks & Headlines: Today in Blockchain (BubbleMaps, Pantera Capital, Week 2025, FP Complete, FP Block, Bybit, FarmX) appeared first on News, Events, Advertising Options.
Blockchain
io.finnet and Cede Labs Partner to Transform Multi-Exchange Portfolio Management for Institutions
io.finnet, a leader in digital asset infrastructure, has partnered with Cede Labs, to introduce a solution for centralized exchange (CEX) connectivity. This collaboration provides institutional clients with a streamlined, secure platform for comprehensive multi-exchange portfolio management. Through this integration, io.finnet clients can now access leading exchanges such as Binance, Coinbase, Bybit, OKX, Kraken and more with features tailored for institutional-grade governance and operational efficiency.
Institutional digital asset management faces increasing complexity as businesses demand more secure and efficient tools to oversee diverse portfolios. With 70% of institutional investors expecting a surge in digital asset-focused funds, the need for secure and efficient multi-exchange solutions has never been greater.
“Businesses require solutions that simplify the complexity of managing assets across exchanges while maintaining the highest standards of security.” said Jacob Plaster, CTO of io.finnet. “Through our partnership with Cede Labs, clients can seamlessly connect their exchange accounts and manage their entire portfolio within a unified, secure environment.”
Unlike traditional offerings, io.finnet’s integration with Cede Labs introduces secure account-linking capabilities, allowing clients to effortlessly connect and unlink their exchange accounts while adhering to strict governance protocols. Unified tracking capabilities further enhance this solution, enabling users to monitor their portfolios across all connected exchanges in real-time. This includes the ability to oversee spot and trading wallets, derivatives positions, and sub-accounts under a single pane of glass, a feature few competitors offer at this scale.
Pierre Ni, CEO of Cede Labs, highlighted the impact on institutional workflows: “We are proud to collaborate with io.finnet to redefine digital asset custody and management. By unlocking new use cases for corporates, market makers, liquid funds, foundations, and fintechs through CEX connectivity, we believe io.finnet can grow to become one of the top self-custody players.”
This partnership is particularly timely as market demand for interoperable solutions continues to rise. The integration will eliminate the need to navigate multiple platforms and provide institutions with real-time visibility across their digital asset holdings, enabling seamless exchange connectivity and enhanced risk management.
io.finnet is committed to enhancing its exchange connectivity capabilities with deposits, withdrawals, trades, and sub-account transfers to further streamline asset management workflows. Stay tuned for exciting updates as we expand the possibilities of our Exchange Connectivity feature.
The post io.finnet and Cede Labs Partner to Transform Multi-Exchange Portfolio Management for Institutions appeared first on News, Events, Advertising Options.
-
Blockchain Press Releases6 days agoHTX 2025 Outlook: Five Sectors to Look Forward to, and How Trump’s Policy Will Affect Crypto Industry
-
Blockchain Press Releases6 days agoMarket Eyes “Crypto President” Inauguration as BTC Tumbles at $100K: Bybit and Block Scholes Analysis
-
Blockchain Press Releases6 days agoVietnam’s Youth Rally Behind Blockchain: KuCoin Reveals Groundbreaking Insights at VTIS 2024
-
Blockchain Press Releases6 days agoTermMax Testnet Now Live on Arbitrum and Ethereum: Transforming the Future of DeFi Yields
-
Blockchain2 days agoMiCA Starts Now: What Crypto Businesses Need to Know. Kyrrex and Simplify Labs announce a new webinar for crypto businesses
-
Blockchain3 days agoFincover®.com Launches Revolutionary Fintech Marketplace for Financial Services
-
Blockchain3 days ago
Swiss WEB3FEST Winter Edition 2025
-
Blockchain Press Releases3 days agoWXT Surged 101% in 24 hours, And the Price Exceeded $0.339.Why Can WXT Go to the Moon?
