Distributed Control System Market To Reach 19.82 Billion USD By 2020
The solution providers for DCS include major players such as ABB Ltd. (Switzerland), Siemens AG (Germany), Honeywell International Inc. (U.S.), Yokogawa Electric Corporation (Japan), and Emerson Electric Co. (U.S.).
Seattle, United States – November 30, 2016 /MarketersMedia/ —
The report “Distributed Control System Market by Industry (Oil & Gas, Chemicals, Power Generation, Metals & Mining, Pharmaceutical, Paper & Pulp, Food & Beverage), by Component (Hardware, Software, & Services), by Application, and by Region – Global Forecast to 2020 “, The global Distributed Control System (DCS) market is expected to reach USD 19.82 Billion by 2020, at a CAGR of 4.91% from 2015 to 2020.
Browse 67 market data Tables and 58 Figures spread through 160 Pages and in-depth TOC on “Distributed Control System Market”
Download Free PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=239430160
Asia-Pacific is estimated to be the largest DCS market in 2015, and is expected to have the highest growth during the forecast period. This growth is attributed to increasing investments in renewable power generation.
North America is expected to be the second largest market, after Asia-Pacific, because of the use of DCS in the oil & gas sector. Unconventional exploration is one of the major factors driving the growth of the DCS market in the region.
Power Generation end-use industry to register the highest growth
The power generation segment requires DCS for process automation of power plants because of its ability to integrate PLCs, third- party controls, safety systems, and turbomachinery controls, and to monitor and control power plant processes such as water quality, feedwater heaters, and heat exchangers. This segment is expected to exhibit the highest growth rate during the forecast period of 2015 to 2020. This growth is attributed to increasing power generation capacities in countries in Asia-Pacific, such as China and India, to meet the growing electricity demand. This in turn would require deployment of industrial automation solutions such as DCS.
The process industry segment is expected to lead the market
The process industry segment includes industries such as oil & gas, chemicals, power generation, and water & wastewater treatment. It is one of the fastest growing applications for the DCS market. Highly attractive outlook for nuclear and renewable sectors in the power generation industry, increasing production of chemicals, and high demand for the desalination industry are the major factors driving the continuous process market.
The Middle East is a key market for DCS
The Middle East region has been increasingly focusing on expanding its manufacturing capabilities. The primary reason for this move is to change the region’s role as a raw material supplier to a finished goods provider, within the manufacturing industry. Additionally, in a purview to develop an economy which is less oil-dependent, the Middle East countries have been increasingly focusing on its manufacturing sector. The positive outlook for the expansion of the manufacturing industry is expected to boost the demand for the DCS market.
To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the DCS market, namely, ABB Ltd. (Switzerland), Siemens AG (Germany), Honeywell International Inc. (U.S.), Yokogawa Electric Corporation (Japan), and Emerson Electric Co. (U.S.). These companies have been the most active in terms of strategic developments from January 2012 to November 2015. Most of these market players are present in North America & Europe and have been actively participating in competitive developments.
Speak to Analyst: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=239430160
The DCS market caters to various stakeholders such as DCS manufacturers & suppliers and end-use industries such as energy & power, chemical, and process industries. Equipment providers are suppliers of hardware and software components required for a DCS implementation. Solution providers are players that offer complete DCS implementation in the facilities. Their scope of work typically encompasses engineering, installation and commissioning of distributed control systems into the process. System integrators include consultants and in-house experts who offer their expertise and facilitate DCS execution. The primary difference between a solution provider and a system integrator is that the latter does not provide any hardware or software products but only consultation and subject matter expertise.
Request for Customization: http://www.marketsandmarkets.com/requestCustomization.asp?id=239430160
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
For more information, please visit http://www.marketsandmarkets.com/Market-Reports/distributed-control-system-market-239430160.html
Contact Info:
Name: Rohan
Organization: MarketsandMarkets
Release ID: 150744
Copyright © 1999-2013 SproutNews.com
