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Associated Press
04-04-2025
- Business
- Associated Press
Web Application Firewall Market Global Analysis Report 2025-2033 - Increase in IoT User Adoption and Technological Development to Support Market Expansion
The 'Web Application Firewall Market Global Forecast Report by Component, Organization Type, Deployment Mode, Industry Vertical, Countries and Company Analysis 2025-2033" report has been added to offering. The Global Web Application Firewall Market will reach US$ 20.44 Billion by 2033, up from US$ 6.19 Billion in 2024, with a CAGR of 14.19% between 2025 and 2033 The growing importance of online applications is the primary factor driving the global market expansion. The growing use of IoT and technological innovation are driving the popularity of WAF solutions. Stricter government laws controlling data security and cyber theft, together with an increase in fraud and cybercrime, are also expected to boost market growth. One major factor driving the WAF industry is the rise in cyberattacks, especially those that target web applications. Seventy percent of enterprise-related intrusions involved web applications, per Verizon's 2022 Data Breach Investigations Report. Additionally, the research reported that ransomware attacks had increased by 13% in the preceding year. Businesses are being forced to use robust security solutions, like WAFs, to protect their data and web apps due to the ever-evolving threat landscape. The WAF market is expanding globally, with distinct drivers in each region due to regional cybersecurity requirements, industrial demands, and regulatory pressures. In terms of market maturity, Asia-Pacific is growing at the fastest rate, driven by cybersecurity awareness and digital expansion, while North America and Europe dominate. As companies place a greater emphasis on web application security in response to growing cyber threats, Latin America and the Middle East are becoming significant markets. Driving Forces of Web Application Firewall Market Increase in IoT User Adoption and Technological Development to Support Market Expansion Many sectors are adopting technology like the Internet of Things (IoT) as the world grows more interconnected. Increased awareness and protection of networks and web applications are becoming more and more necessary. There are many devices that are linked to the internet, including printers, mobile devices, and televisions. In an effort to streamline operations, businesses are incorporating linked devices into their operations more and more. However, a number of cyberthreats and vulnerabilities accompany the growth of devices and related applications. The majority of IoT technology and development firms support and put into practice cutting-edge security solutions like WAFs, runtime application self-protection, and next-generation firewalls to combat these issues and protect corporate infrastructure. The market's rising need for WAFs is being driven by this increase in security requirements. Growing use of cloud computing As cloud computing gains popularity, the industry is growing. Businesses may safeguard their web apps at a reasonable cost with cloud-based WAF. The market is growing as a result of cloud-based technologies and social media's development. Many businesses embrace cloud computing because it provides cost-effective security solutions. With cloud computing, teams can work together at any time and from any place. Using additional infrastructure technologies, such software-defined perimeters, businesses may use the cloud to create a robust and highly secure platform. Thus, the increasing use of cloud computing solutions is a noteworthy trend in this sector. Regulatory Compliances The need for Web Application Firewalls (WAFs) is being driven by strict regulatory frameworks like the General Data Protection Regulation (GDPR), the Payment Card Industry Data Security Standard (PCI DSS), and the Health Insurance Portability and Accountability Act (HIPAA). These rules require companies to put strong security measures in place to guard against cyberattacks, data breaches, and illegal access to private client information. By filtering and monitoring incoming web traffic, spotting malicious activity, and stopping attacks like SQL injection, cross-site scripting, and DDoS attacks, WAFs offer vital security. WAFs are a crucial tool for companies looking to comply with these standards since non-compliance may lead to significant fines and harm to one's reputation. Businesses from a variety of industries are using WAFs more frequently as data privacy and security issues continue to grow in order to guarantee regulatory compliance and protect client data. Company Analysis: Overview, Key Persons, Recent Development & Strategies, Financial Insights Akamai Technologies, Inc. Cloudflare Inc Qualys Inc F5 Inc Fortinet Inc Radware Ltd NSFOCUS Technologies Group Co Ltd Microsoft Corporation Key Attributes: Report Attribute Details No. of Pages 110 Forecast Period 2024 - 2033 Estimated Market Value (USD) in 2024 $6.19 Billion Forecasted Market Value (USD) by 2033 $20.44 Billion Compound Annual Growth Rate 14.2% Regions Covered Global Key Topics Covered: 1. Introduction 2. Research Methodology 3. Executive Summary 4. Market Dynamics 4.1 Growth Drivers 4.2 Challenges 5. Web Application Firewall Market 6. Market Share Analysis 6.1 By Component 6.2 By Organization Type 6.3 By Deployment Mode 6.4 By Industry Vertical 6.5 By Countries 7. Component 7.1 Solution 7.2 Services 8. Organization Type 8.1 Large Enterprises 8.2 Small and Medium Enterprises 9. Deployment Mode 9.1 On-Premise 9.2 Cloud 10. Industry Vertical 10.1 Retail 10.2 BFSI 10.3 Manufacturing 10.4 Government 10.5 IT & Telecommunication 10.6 Healthcare 10.7 Energy & Utilities 10.8 Others 11. Countries 11.1 North America 11.1.1 United States 11.1.2 Canada 11.2 Europe 11.2.1 France 11.2.2 Germany 11.2.3 Italy 11.2.4 Spain 11.2.5 United Kingdom 11.2.6 Belgium 11.2.7 Netherlands 11.2.8 Turkey 11.3 Asia Pacific 11.3.1 China 11.3.2 Japan 11.3.3 India 11.3.4 South Korea 11.3.5 Thailand 11.3.6 Malaysia 11.3.7 Indonesia 11.3.8 Australia 11.3.9 New Zealand 11.4 Latin America 11.4.1 Brazil 11.4.2 Mexico 11.4.3 Argentina 11.5 Middle East & Africa 11.5.1 Saudi Arabia 11.5.2 UAE 11.5.3 South Africa 12. Porter's Five Forces Analysis 12.1 Bargaining Power of Buyers 12.2 Bargaining Power of Suppliers 12.3 Degree of Rivalry 12.4 Threat of New Entrants 12.5 Threat of Substitutes 13. SWOT Analysis 13.1 Strength 13.2 Weakness 13.3 Opportunity 13.4 Threat 14. Key Players Analysis For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 04/04/2025 07:47 AM/DISC: 04/04/2025 07:47 AM
Associated Press
26-03-2025
- Automotive
- Associated Press
Electric Kick Scooter Forecast Report 2025: A Global $8.62 Billion Market by 2033, Driven by Rising Urbanization, Traffic Congestion, Sustainability, and Technological Developments
The 'Electric Kick Scooter Market Global Forecast Report by Battery, Drive, Voltage, Application, Countries and Company Analysis 2025-2033" report has been added to offering. The electric kick scooter market is expected to grow from US$3.71 billion in 2024 to US$8.62 billion by 2033 at a CAGR of 9.83% in 2025-2033, propelled by urbanization, increasing problems of traffic congestion, supportive regulations, awareness about the need for health checkup, technological inventions, environmental issues, and the increasing popularity of shared mobility services. E-scooters are put to wide use in urban areas for commuting with a solution to traffic congestion and parking challenges. They are known and famed for last-mile connectivity, which closes the gap between public transportation and final destinations. Even shared mobility services have embraced e-scooters that allow them access to short-distance travel. Other than commuting, recreational activities are also done on e-scooters as leisure rides and city explorations. Their affordability, ease of use, and minimal maintenance make them appealing for personal and commercial purposes. E-scooters also reduce carbon footprints, aligning with the global trend toward sustainable transport. Driving Forces of the Electric Kick Scooter Market Rising Urbanization and Traffic Congestion Urbanization is on the increase, bringing along issues like traffic congestion and lack of parking spaces in the cities. Electricity kick scooters come in as an efficient solution for short distance transportation to overcome congestions and shorten travel time. Its compact design makes them perfect to penetrate through the crammed streets and facilitate last-mile connectivity. Governments and city planners are increasingly supporting such micro-mobility solutions such as e-scooters to alleviate urban transit problems. E-scooters have emerged as an attractive option for commuters in bustling urban environment, thus driving the market as they can be most economical, quicker, and more environmentally friendly transport option. By 2030, 5 billion people will live in cities. Focus on Sustainability and Environmental Awareness Growing environmental concerns triggered the demand for an environmental friendly mass transportation system. Electric kick scooters powered with rechargeable batteries have zero emissions and are thus considerably environmental friendly as contrasted with conventional auto-moving machines. As governments and organizations worldwide push for carbon neutrality and reduce dependence on fossil fuels, e-scooters are gaining prominence. Their contribution to lowering air pollution and greenhouse gas emissions aligns with global environmental goals. Consumer awareness of eco-friendly choices further boosts adoption, positioning e-scooters as a vital component of the green mobility movement. The Smart Cities Mission and the project organized a national-level workshop on 'Streets and Public Spaces' in Pimpri-Chinchwad in January 2024, culminating two national programs - the India Cycles4Change and Streets4People Challenges. Technological Developments in E-Scooters Technological developments will shape the e-scooters. Their performance, safety, and user experience have been significantly improved. Features such as longer battery life, regenerative braking, smart connectivity, and mobile app integration are now more appealing for users to enhance convenience. GPS tracking and anti-theft systems ensure safety, whereas foldable designs make it more transportable. These innovations help cater to personal and shared mobility operators and encourage demand among both segments. The falling cost due to improvements in material and manufacturing also boost the demand for e-scooters. With continuously evolving innovation, e-scooters turn out to be highly efficient and handy modes of transport, boosting the growth market. Yadea unveiled two new e-kickscooters, EliteMax and Artist, bringing design and technology to a next-level performance at CES 2024. Key Attributes: Report Attribute Details No. of Pages 110 Forecast Period 2024 - 2033 Estimated Market Value (USD) in 2024 $3.71 Billion Forecasted Market Value (USD) by 2033 $8.62 Billion Compound Annual Growth Rate 9.8% Regions Covered Global Company Analysis: Overview, Key Personnel, Recent Development & Strategies, Financial Insights Jiangsu Xinri E-Vehicle Co. Ltd. Enphase Energy, Inc. YADEA Technology Group Co., Ltd. NIU International Bird Rides, Inc. SWAGTRON Segway Unc. Xiaomi Key Topics Covered: 1. Introduction 2. Research Methodology 3. Executive Summary 4. Market Dynamics 4.1 Growth Drivers 4.2 Challenges 5. Electric Kick Scooter Market 6. Market Share Analysis 6.1 By Battery 6.2 By Drive 6.3 By Voltage 6.4 By Application 6.5 By Countries 7. Battery 7.1 Lead Acid 7.2 Lithium ion(Li-ion) 7.3 Others 8. Drive 8.1 Belt Drive 8.2 Chain Drive 8.3 Hub Drive 9. Voltage 9.1 Below 24V 9.2 36V 9.3 48V 9.4 Greater than 48 V 10. Application 10.1 Personal 10.2 Rental 11. Countries 11.1 North America 11.1.1 United States 11.1.2 Canada 11.2 Europe 11.2.1 France 11.2.2 Germany 11.2.3 Italy 11.2.4 Spain 11.2.5 United Kingdom 11.2.6 Belgium 11.2.7 Netherlands 11.2.8 Turkey 11.3 Asia Pacific 11.3.1 China 11.3.2 Japan 11.3.3 India 11.3.4 South Korea 11.3.5 Thailand 11.3.6 Malaysia 11.3.7 Indonesia 11.3.8 Australia 11.3.9 New Zealand 11.4 Latin America 11.4.1 Brazil 11.4.2 Mexico 11.4.3 Argentina 11.5 Middle East & Africa 11.5.1 Saudi Arabia 11.5.2 UAE 11.5.3 South Africa 12. Porter's Five Forces Analysis 12.1 Bargaining Power of Buyers 12.2 Bargaining Power of Suppliers 12.3 Degree of Rivalry 12.4 Threat of New Entrants 12.5 Threat of Substitutes 13. SWOT Analysis 13.1 Strength 13.2 Weakness 13.3 Opportunity 13.4 Threat 14. Key Players Analysis For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: TRANSPORTATION TRAVEL SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 03/26/2025 08:51 AM/DISC: 03/26/2025 08:52 AM
Associated Press
19-03-2025
- Business
- Associated Press
Bitterness Suppressors and Flavor Carriers Market Global Report 2025-2033 - Rising Demand for Natural and Clean-Label Flavor Enhancers Drives Growth
The 'Bitterness Suppressors and Flavor Carriers Market Global Forecast Report by Product Type, Nature, Form, Application, Countries and Company Analysis 2025-2033" report has been added to offering. The Global Bitterness Suppressors and Flavor Carriers Market will reach US$ 302.03 Million by 2033, up from US$ 212.20 Million in 2024, with a CAGR of 4% between 2025 and 2033. Consumer preferences for natural, efficient flavor enhancement products, clean-label trends, plant-based product appeal, and advancements in food technology are some of the factors propelling the market's growth. Due to the strong demand for functional foods, the market for bitterness suppressors and flavor carriers is expanding globally, with North America and Europe leading the way. The market for Bitterness Suppressors and Flavor Carriers is expanding quickly due to customer demand for more appetizing and pleasurable food and drink items. In order to hide unwanted bitter flavors in goods like medications, functional foods, drinks, and supplements, bitterness suppressors are essential. These suppressors are especially crucial for enhancing the flavor of health-conscious goods including medications, low-sugar formulations, and plant-based diets. Conversely, flavor carriers improve the stability and distribution of flavors in foods and drinks. They are employed to provide consistent taste distribution and extended release, which is crucial for goods like chewing gum, snacks, and drinks. Demand for natural and non-artificial flavoring solutions is also being driven by the move toward clean-label products, which is encouraging the creation of new, healthier substitutes. The demand for efficient bitterness control and flavor improvement is driving industry growth as the market for functional foods, dietary supplements, and plant-based products expands. Driving Forces of Bitterness Suppressors and Flavor Carriers Market Health-Conscious Consumer Trends The market for bitterness suppressors is mostly driven by consumer trends that are health-conscious. The demand for sugar-free, plant-based, and functional meals has increased as more consumers place a higher priority on eating better. Many of these items, including vitamins, minerals, and protein isolates, have naturally bitter or disagreeable flavors. In order to make these foods more palatable without sacrificing their health benefits, bitterness suppressors are therefore necessary. Masking the bitterness of functional ingredients is crucial for increasing customer acceptance and happiness, whether in protein shakes, nutritional supplements, or fortified foods. The usage of bitterness suppressors is becoming more and more crucial as the market for plant-based foods expands in order to satisfy customer demands for tasty, wholesome, and clean-label products. In the bitterness suppression sector, this trend encourages innovation and growth. Plant-Based and Vegan Food Growth Demand for flavor transporters and bitterness suppressors is rising as plant-based and vegan diets gain popularity. The taste of plant-based proteins and components, which frequently have earthy or bitter qualities, has to be improved as more people choose plant-based diets. Without adequate flavor masking, ingredients such as soy protein, pea protein, and other plant-based sources might be off-putting. Bitterness suppressors are essential for enhancing the palatability of vegan products, including plant-based meats, dairy substitutes, and protein supplements. Manufacturers are increasingly using natural suppressors and flavor enhancers to satisfy consumer demands for both taste and nutritional value as the market for plant-based foods grows, which is driving the industry's expansion. The need for cutting-edge flavor technologies will only increase as consumer tastes move toward new, healthier, and more varied food options. Social media's growing impact on culinary trends The market for bitterness suppressors and flavor transporters is mostly driven by innovations in food and beverage flavors. The demand for efficient taste enhancement solutions rises as producers experiment with novel and unusual flavors, functional chemicals, and plant-based substitutes. Numerous novel components, including superfoods, nutraceuticals, and new protein sources, frequently have unpleasant, astringent, or bitter flavors that need to be covered up. Businesses use flavor carriers and masking agents to enhance the flavor experience while preserving the integrity of the product in order to produce pleasing and reliable taste profiles. In the expanding markets for functional foods, beverages, and nutritional supplements, there is a particularly high need for creative taste solutions. The need for cutting-edge flavor technologies will only increase as consumer tastes move toward new, healthier, and more varied food options. Company Analysis: Overview, Key Personnel, Recent Development & Strategies, Financial Insights Cargill Incorporated Loninklijke DSM N.V. Givaudan SA International Flavors & Fragrances Inc. Kerry Group Plc Symrise AG Tate & Lyle PLC Takasago International Corp Key Attributes: Report Attribute Details No. of Pages 100 Forecast Period 2024 - 2033 Estimated Market Value (USD) in 2024 $0.21 Billion Forecasted Market Value (USD) by 2033 $0.3 Billion Compound Annual Growth Rate 4.0% Regions Covered Global Key Topics Covered: 1. Introduction 2. Research Methodology 3. Executive Summary 4. Market Dynamics 4.1 Growth Drivers 4.2 Challenges 5. Bitterness Suppressors and Flavor Carriers Market 6. Market Share Analysis 6.1 By Product Type 6.2 By Nature 6.3 By Form 6.4 By Application 6.5 By Countries 7. Product Type 7.1 Bitterness Suppressors 7.2 Flavor Carriers 8. Nature 8.1 Artificial 8.2 Natural 9. Form 9.1 Liquid 9.2 Solid 10. Application 10.1 Food and Beverages 10.2 Pharmaceuticals 11. Countries 11.1 North America 11.1.1 United States 11.1.2 Canada 11.2 Europe 11.2.1 France 11.2.2 Germany 11.2.3 Italy 11.2.4 Spain 11.2.5 United Kingdom 11.2.6 Belgium 11.2.7 Netherlands 11.2.8 Turkey 11.3 Asia Pacific 11.3.1 China 11.3.2 Japan 11.3.3 India 11.3.4 South Korea 11.3.5 Thailand 11.3.6 Malaysia 11.3.7 Indonesia 11.3.8 Australia 11.3.9 New Zealand 11.4 Latin America 11.4.1 Brazil 11.4.2 Mexico 11.4.3 Argentina 11.5 Middle East & Africa 11.5.1 Saudi Arabia 11.5.2 UAE 11.5.3 South Africa 12. Porter's Five Forces Analysis 12.1 Bargaining Power of Buyers 12.2 Bargaining Power of Suppliers 12.3 Degree of Rivalry 12.4 Threat of New Entrants 12.5 Threat of Substitutes 13. SWOT Analysis 13.1 Strength 13.2 Weakness 13.3 Opportunity 13.4 Threat 14. Key Players Analysis For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDUSTRY KEYWORD: RETAIL CHEMICALS/PLASTICS MANUFACTURING FOOD/BEVERAGE SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 03/19/2025 09:19 AM/DISC: 03/19/2025 09:20 AM
Associated Press
10-02-2025
- Business
- Associated Press
Distributed Control Systems Market Global Forecast Report and Company Analysis 2025-2033 Featuring ABB, Azbil, Emerson Electric, GE, Honeywell International, Valmet, Mitsubishi, and Omron
The 'Distributed Control Systems Market Global Forecast Report by Component, End User, Countries and Company Analysis 2025-2033" report has been added to offering. The Global Distributed Control Systems Market will reach US$ 33.63 billion by 2033, up from US$ 21.16 billion in 2024, with a CAGR of 5.28% between 2025 and 2033 Growing industrial automation, the need for operational efficiency, networking technology improvements, and the requirement for real-time monitoring and control across a range of industries are driving the distributed control system (DCS) market. The power generation industry is one well-known use case for DCS. DCS is essential for controlling and keeping an eye on the many processes involved in energy production in power plants. These systems manage several subsystems, such as generators, boilers, and turbines, making sure they work in unison to produce electricity efficiently and securely. The transition to more energy-efficient and sustainable industrial processes will be made possible in large part by the future use of DCS. DCS can help companies optimize energy use and resource management as they work to reduce their carbon footprint and adhere to ever-tougher environmental regulations. Driving Forces of Distributed Control Systems Market Growth will be fueled by rising power demand and energy-efficient technologies. Global demand for power has increased due to significant technological advancements and industry growth in both developed and emerging nations. Wind and solar PV technologies, which account for 60% of renewable energy generation, are primarily responsible for the 7% global growth in renewable energy generation, according to the IEA. Thus, the adoption of distributed control systems in the global market would be driven by rising end-user energy demand and growing awareness of emission-free power. The International Renewable Energy Agency (IRENA) claims that in many developing nations, renewable energy sources can account for at least 60% of total final energy consumption. For example, by 2050, China's energy consumption would consist of 67% renewable energy, up from 7% in 2015. The percentage may increase from roughly 17% to more than 70% in the European nations. On the other hand, India and the United States might raise their participation to two-thirds of power generation. Therefore, the market for distributed control systems would be able to expand due to rising power consumption, which is expected to increase power generation capacity. Automation Technology Development to Support Market Growth Enhancing productivity, efficiency, and dependability in the power sector is largely dependent on technological advancements. The market will be driven by large investments in the development of new automation technologies in the manufacturing, processing, and power plant sectors. The need for I/O in the process control system and the growth of digital networks are altering the function at the field level. Advanced emerging technologies like the Industrial Internet of Things (IIoT), cloud computing, virtualization, big data, analytics, smart IIoT-connected sensors for asset condition monitoring, and ethernet-based networks are causing significant changes in technologies like physical I/O, control networks, and field networks. Cost Efficiency A key factor in the adoption of Distributed Control Systems (DCS) across a range of industries is cost effectiveness. By providing centralized control, DCS minimizes human error and eliminates the need for manual intervention by enabling operators to oversee complete operations from a single place. This centralized method increases response times during process modifications, reduces personnel costs, and streamlines operations. Additionally, DCS makes it possible for real-time monitoring and optimization, which results in a more economical use of energy and resources and lowers operating costs even more. Modern DCS platforms with predictive maintenance features can also foresee equipment problems before they happen, cutting down on maintenance expenses and downtime. By automating repetitive processes, increasing productivity, and reducing the total cost of ownership, DCS improves operational cost efficiency overall. Distributed Control Systems Market Overview by Regions North America and Europe dominate the Distributed Control Systems (DCS) industry due to sophisticated industrial automation and regulatory norms. Industrialization is causing the Asia-Pacific area to grow quickly, particularly in China and India. The need for energy and process industries is rising in Latin America and the Middle East. The market overview by region is as follows: United States Distributed Control Systems Market The need for improved process control and operational efficiency across a range of industries, including manufacturing, chemicals, oil and gas, and power, has made the US market for distributed control systems (DCS) a major participant in the worldwide automation industry. With industries rapidly combining DCS with IoT, cloud computing, and big data analytics to optimize operations and enhance real-time decision-making, the U.S. market is distinguished by its advanced technical adoption. Demand for DCS is also fueled by strict safety standards and the need for energy efficiency. More advanced, scalable, and economical DCS systems are also being used as a result of the nation's continuous emphasis on infrastructure modernization, especially in the industrial and energy sectors. Germany Distributed Control Systems Market Germany's strong industrial base, especially in the automotive, chemical, energy, and manufacturing sectors, is driving the country's thriving Distributed Control Systems (DCS) market. The necessity for high precision, efficiency, and adherence to strict safety regulations is driving Germany's adoption of DCS technologies as a pioneer in industrial automation. Germany's dedication to Industry 4.0, where digitalization, IoT integration, and smart manufacturing are accelerating, is another factor supporting the market. China Distributed Control Systems Market The industrialization of the nation and the rise of industries including manufacturing, petrochemicals, chemicals, and energy are driving the Distributed Control Systems (DCS) market in China. China, the largest manufacturing hub in the world, is embracing automation technology more and more to increase product quality, safety, and operational efficiency. United Arab Emirates Distributed Control Systems Market The market for distributed control systems (DCS) in the United Arab Emirates (UAE) is expanding because to the nation's significant investments in infrastructure development, especially in the electricity, gas, and oil industries. The UAE, a major force in the energy sector, is progressively implementing DCS to boost operational effectiveness, promote process automation, and guarantee the dependability and safety of vital activities. Key Attributes: Report Attribute Details No. of Pages 100 Forecast Period 2024 - 2033 Estimated Market Value (USD) in 2024 $21.16 Billion Forecasted Market Value (USD) by 2033 $33.63 Billion Compound Annual Growth Rate 5.2% Regions Covered Global Company Analysis:Overview, Key Persons, Recent Development & Strategies, Financial Insights ABB Azbil Corporation Emerson Electric Co General Electric Company Honeywell International Inc. Valmet Oyj Mitsubishi Heavy Industries, Ltd. Omron Corporation Porter's Five Forces Analysis Bargaining Power of Buyers Bargaining Power of Suppliers Degree of Rivalry Threat of New Entrants Threat of Substitutes SWOT Analysis Strength Weakness Opportunity Threat Component- Industry is divided into 3 viewpoints: Hardware Software Services End User- Industry is divided into 8 viewpoints: Oil & Gas Power Generation Chemicals Food & Beverages Pharmaceuticals Metals & Mining Paper & Pulp Others Countries- Industry is divided into 25 viewpoints: North America United States Canada Europe France Germany Italy Spain United Kingdom Belgium Netherlands Turkey Asia Pacific China Japan India South Korea Thailand Malaysia Indonesia Australia New Zealand Latin America Brazil Mexico Argentina Middle East & Africa Saudi Arabia United Arab Emirates South Africa For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 02/10/2025 07:23 AM/DISC: 02/10/2025 07:22 AM
Yahoo
05-02-2025
- Business
- Yahoo
Distributed Control Systems Market Global Forecast Report 2025: A $33.63 Billion Industry by 2033 - Automation Technology Development to Support Growth
Distributed Control Systems Market Dublin, Feb. 05, 2025 (GLOBE NEWSWIRE) -- The "Distributed Control Systems Market Global Forecast Report by Component, End User, Countries and Company Analysis 2025-2033" report has been added to Global Distributed Control Systems Market will reach US$ 33.63 billion by 2033, up from US$ 21.16 billion in 2024, with a CAGR of 5.28% between 2025 and 2033. Growing industrial automation, the need for operational efficiency, networking technology improvements, and the requirement for real-time monitoring and control across a range of industries are driving the distributed control system (DCS) market. Global Distributed Control Systems OverviewComplex industrial processes are managed using distributed control systems (DCS), which are sophisticated automated control systems. A DCS distributes control functions among numerous, networked controllers dispersed throughout the plant, in contrast to typical centralized control systems, which have a single controller in charge of all operations. Because of their thoughtful placement close to the machinery they oversee, these controllers provide more accurate and effective power generation industry is one well-known use case for DCS. DCS is essential for controlling and keeping an eye on the many processes involved in energy production in power plants. These systems manage several subsystems, such as generators, boilers, and turbines, making sure they work in unison to produce electricity efficiently and transition to more energy-efficient and sustainable industrial processes will be made possible in large part by the future use of DCS. DCS can help companies optimize energy use and resource management as they work to reduce their carbon footprint and adhere to ever-tougher environmental Forces of Distributed Control Systems MarketGrowth will be fueled by rising power demand and energy-efficient demand for power has increased due to significant technological advancements and industry growth in both developed and emerging nations. Wind and solar PV technologies, which account for 60% of renewable energy generation, are primarily responsible for the 7% global growth in renewable energy generation, according to the IEA. Thus, the adoption of distributed control systems in the global market would be driven by rising end-user energy demand and growing awareness of emission-free power. The International Renewable Energy Agency (IRENA) claims that in many developing nations, renewable energy sources can account for at least 60% of total final energy consumption. For example, by 2050, China's energy consumption would consist of 67% renewable energy, up from 7% in 2015. The percentage may increase from roughly 17% to more than 70% in the European nations. On the other hand, India and the United States might raise their participation to two-thirds of power generation. Therefore, the market for distributed control systems would be able to expand due to rising power consumption, which is expected to increase power generation Technology Development to Support Market GrowthEnhancing productivity, efficiency, and dependability in the power sector is largely dependent on technological advancements. The market will be driven by large investments in the development of new automation technologies in the manufacturing, processing, and power plant sectors. The need for I/O in the process control system and the growth of digital networks are altering the function at the field level. Advanced emerging technologies like the Industrial Internet of Things (IIoT), cloud computing, virtualization, big data, analytics, smart IIoT-connected sensors for asset condition monitoring, and ethernet-based networks are causing significant changes in technologies like physical I/O, control networks, and field example, in May 2019, ABB upgraded its 800xA 6.1 Distributed Control System, which has improved the system's scalability, reduced the impact of late changes, and shortened project execution timelines, all of which have improved the system's viability and efficiency. As a result, during the projected period, the global market's demand for a variety of applications has grown due to advancements in automation EfficiencyA key factor in the adoption of Distributed Control Systems (DCS) across a range of industries is cost effectiveness. By providing centralized control, DCS minimizes human error and eliminates the need for manual intervention by enabling operators to oversee complete operations from a single place. This centralized method increases response times during process modifications, reduces personnel costs, and streamlines operations. Additionally, DCS makes it possible for real-time monitoring and optimization, which results in a more economical use of energy and resources and lowers operating costs even more. Modern DCS platforms with predictive maintenance features can also foresee equipment problems before they happen, cutting down on maintenance expenses and downtime. By automating repetitive processes, increasing productivity, and reducing the total cost of ownership, DCS improves operational cost efficiency Control Systems Market Overview by RegionsNorth America and Europe dominate the Distributed Control Systems (DCS) industry due to sophisticated industrial automation and regulatory norms. Industrialization is causing the Asia-Pacific area to grow quickly, particularly in China and India. The need for energy and process industries is rising in Latin America and the Middle East. The market overview by region is as follows:United States Distributed Control Systems MarketThe need for improved process control and operational efficiency across a range of industries, including manufacturing, chemicals, oil and gas, and power, has made the US market for distributed control systems (DCS) a major participant in the worldwide automation industry. With industries rapidly combining DCS with IoT, cloud computing, and big data analytics to optimize operations and enhance real-time decision-making, the U.S. market is distinguished by its advanced technical adoption. Demand for DCS is also fueled by strict safety standards and the need for energy efficiency. More advanced, scalable, and economical DCS systems are also being used as a result of the nation's continuous emphasis on infrastructure modernization, especially in the industrial and energy achieve safer and more effective electricity generation, for example, the United States started operations at a nuclear reactor in Augusta, Georgia, in July 2023. In order to ensure operational reliability, manage complex operations in such facilities, and enable optimal energy generation and distribution, distributed control systems are essential. Integrated DCS promotes grid stability and improves energy efficiency by enabling centralized control, real-time monitoring, and predictive maintenance. Adoption of DCS technology to integrate and manage decentralized energy systems across the United States is further accelerated by the swift shift to renewable energy sources like solar and Distributed Control Systems MarketGermany's strong industrial base, especially in the automotive, chemical, energy, and manufacturing sectors, is driving the country's thriving Distributed Control Systems (DCS) market. The necessity for high precision, efficiency, and adherence to strict safety regulations is driving Germany's adoption of DCS technologies as a pioneer in industrial automation. Germany's dedication to Industry 4.0, where digitalization, IoT integration, and smart manufacturing are accelerating, is another factor supporting the market. Real-time monitoring, process optimization, and energy efficiency are made possible by DCS and are essential to Germany's energy transition initiatives, particularly when it comes to the integration of renewable energy sources. Furthermore, the need for sophisticated, scalable DCS systems across a range of industries is still being driven by Germany's emphasis on automation and technological Distributed Control Systems MarketThe industrialization of the nation and the rise of industries including manufacturing, petrochemicals, chemicals, and energy are driving the Distributed Control Systems (DCS) market in China. China, the largest manufacturing hub in the world, is embracing automation technology more and more to increase product quality, safety, and operational efficiency. For process optimization, DCS solutions are especially sought after in energy-intensive sectors such as oil and gas and power production. Real-time monitoring and predictive maintenance capabilities are being improved by the integration of DCS with cloud computing, artificial intelligence, and the Internet of Things. The use of modern DCS systems is also being aided by Chinese government programs that support energy efficiency, smart manufacturing, and environmental sustainability. Another important aspect is the rising demand for modernization of old industrial Arab Emirates Distributed Control Systems MarketThe market for distributed control systems (DCS) in the United Arab Emirates (UAE) is expanding because to the nation's significant investments in infrastructure development, especially in the electricity, gas, and oil industries. The UAE, a major force in the energy sector, is progressively implementing DCS to boost operational effectiveness, promote process automation, and guarantee the dependability and safety of vital activities. Predictive maintenance, energy management, and overall system performance are all being enhanced by the integration of DCS with contemporary technologies like IoT and AI. Furthermore, as part of its Vision 2021 and Green Economy programs, the UAE is pushing for smart cities and sustainable energy solutions, which is increasing demand for advanced automation and DCS technology across upgrades cement grinding machinery and process control systems in the United Arab Emirates in May 2022 to increase reliability and uptime at multiple locations. At Star Super Cement's cement grinding facilities in the United Arab Emirates, ABB installs state-of-the-art distributed control system (DCS) automation technology. Star Cement will see improved operator visibility, simpler maintenance, and reduced downtime because to the new, improved systems and uniformity across the various linearization and grinding unit Industry is divided into 3 viewpoints:1. Hardware2. Software3. ServicesEnd User- Industry is divided into 8 viewpoints:1. Oil & Gas2. Power Generation3. Chemicals4. Food & Beverages5. Pharmaceuticals6. Metals & Mining7. Paper & Pulp8. OthersCountries- Industry is divided into 25 viewpoints:North America United States Canada Europe France Germany Italy Spain United Kingdom Belgium Netherlands Turkey Asia Pacific China Japan India South Korea Thailand Malaysia Indonesia Australia New Zealand Latin America Brazil Mexico Argentina Middle East & Africa Saudi Arabia United Arab Emirates South Africa All companies have been covered with 4 Viewpoints1. Overview2. Key Persons3. Recent Development & Strategies4. Financial InsightsCompany Analysis1. ABB2. Azbil Corporation3. Emerson Electric Co4. General Electric Company5. Honeywell International Inc.6. Valmet Oyj7. Mitsubishi Heavy Industries, Ltd.8. Omron Attributes: Report Attribute Details No. of Pages 100 Forecast Period 2024 - 2033 Estimated Market Value (USD) in 2024 $21.16 Billion Forecasted Market Value (USD) by 2033 $33.63 Billion Compound Annual Growth Rate 5.2% Regions Covered Global Key Topics Covered: 1. Introduction2. Research Methodology3. Executive Summary4. Market Dynamics4.1 Growth Drivers4.2 Challenges5. Global Distributed Control Systems Market6. Market Share Analysis6.1 By Component6.2 By End User6.3 By Countries7. Component7.1 Hardware7.2 Software7.3 Services8. End User8.1 Oil & Gas8.2 Power Generation8.3 Chemicals8.4 Food & Beverages8.5 Pharmaceuticals8.6 Metals & Mining8.7 Paper & Pulp8.8 Others9. Countries9.1 North America9.1.1 United States9.1.2 Canada9.2 Europe9.2.1 France9.2.2 Germany9.2.3 Italy9.2.4 Spain9.2.5 United Kingdom9.2.6 Belgium9.2.7 Netherlands9.2.8 Turkey9.3 Asia Pacific9.3.1 China9.3.2 Japan9.3.3 India9.3.4 South Korea9.3.5 Thailand9.3.6 Malaysia9.3.7 Indonesia9.3.8 Australia9.3.9 New Zealand9.4 Latin America9.4.1 Brazil9.4.2 Mexico9.4.3 Argentina9.5 Middle East & Africa9.5.1 Saudi Arabia9.5.2 UAE9.5.3 South Africa10. Porter's Five Forces Analysis10.1 Bargaining Power of Buyers10.2 Bargaining Power of Suppliers10.3 Degree of Rivalry10.4 Threat of New Entrants10.5 Threat of Substitutes11. SWOT Analysis11.1 Strength11.2 Weakness11.3 Opportunity11.4 Threat12. Key Players Analysis12.1 ABB12.1.1 Overview12.1.2 Key Persons12.1.3 Recent Development & Strategies12.1.4 Revenue Analysis12.2 Azbil Corporation12.2.1 Overview12.2.2 Key Persons12.2.3 Recent Development & Strategies12.2.4 Revenue Analysis12.3 Emerson Electric Co12.3.1 Overview12.3.2 Key Persons12.3.3 Recent Development & Strategies12.3.4 Revenue Analysis12.4 General Electric Company12.4.1 Overview12.4.2 Key Persons12.4.3 Recent Development & Strategies12.4.4 Revenue Analysis12.5 Honeywell International Inc.12.5.1 Overview12.5.2 Key Persons12.5.3 Recent Development & Strategies12.5.4 Revenue Analysis12.6 Valmet Oyj12.6.1 Overview12.6.2 Key Persons12.6.3 Recent Development & Strategies12.6.4 Revenue Analysis12.7 Mitsubishi Heavy Industries, Ltd.12.7.1 Overview12.7.2 Key Persons12.7.3 Recent Development & Strategies12.7.4 Revenue Analysis12.8 Omron Corporation12.8.1 Overview12.8.2 Key Persons12.8.3 Recent Development & Strategies12.8.4 Revenue AnalysisCompanies Featured ABB Azbil Corporation Emerson Electric Co General Electric Company Honeywell International Inc. Valmet Oyj Mitsubishi Heavy Industries, Ltd. Omron Corporation. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Distributed Control Systems Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
