The Global Distributed Control Systems Market is
expected to reach USD 20.39 billion by 2020, according to a new study by Grand
View Research, Inc. Increased DCS use in industrial applications such as power
generation, water and waste water, pharmaceuticals, oil and gas, chemicals, and
paper and pulp is expected to drive the market over the forecast period.
Growing demand for power has resulted in the set up of new power generation
stations and upgradation of existing ones by various governments, which is
expected to favorably impact DCS demand.
Cost effectiveness, development of open source
DCS and ability of implementation in hazardous environments are further
expected to boost market growth. Need for technical expertise and lack of
differentiation among specific DCS products are expected to pose a challenge
for industry participants over the next six years.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/distributed-control-systems-market
Further key findings from the study suggest:
- DCS software dominated the global market and accounted for over 60% of the overall market share in 2013. This is primarily due to need for system upgradation by existing distributed control systems. DCS hardware is expected to witness the fastest growth over the forecast period due to increased Greenfield projects in Asia Pacific.
- Oil and gas was the largest end-use industry in 2013 and accounted for over 24% of the overall market share due to increased demand for technologically advanced systems for controlling and monitoring activities, enabling higher production. The use of DCS in the power industry is expected to witness significant growth over the forecast period.
- Asia Pacific is expected to be the market leader over the next six years, and contributed 31.5% to the global market revenue in 2013. It is further expected to grow at a CAGR of 4.2% from 2014 to 2020, mainly on account of increased demand for small distributed control systems due to price sensitivity among consumers in the region.
- Companies operating in the market include ABB Ltd, Siemens AG, Bharat Heavy Electrical Ltd, Rockwell Automation Inc., GE Electric, Honeywell International Inc, Emerson Electric Co., Toshiba International Corp. and Invensys Plc.
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this category @ http://www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software
For the purpose of this study, Grand
View Research has segmented the global distributed control systems market on
the basis of product, end-use industry and region:
Distribution
Control Systems Product Outlook (Revenue, 2012 – 2020)
• Hardware
• Software
• Services
Distribution
Control Systems End-Use Industry Outlook (Revenue, 2012 – 2020)
• Chemical
• Metal and Mining
• Oil and Gas
• Pharmaceutical
• Power
• Pulp and Paper
• Water and Waste Water Treatment
• Others
Distribution
Control Systems Regional Outlook (Revenue, 2012 – 2020)
• North America
• Europe
• Asia Pacific
• RoW
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
Corporate
Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
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Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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