Distributed Control System Market Worth 19.82 Billion USD by 2020
PUNE, India, January 20, 2016 /PRNewswire/ --
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 ", published by MarketsandMarkets, The global 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"
http://www.marketsandmarkets.com/Market-Reports/distributed-control-system-market-239430160.html
Early buyers will receive 10% customization on this report.
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 Distributed Control System Market in the region.
Power Generation end-use industry to register the highest growth
The power generation segment requires Distributed Control System 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, feed-water 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 Distributed Control System 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 Distributed Control System market.
Speak to Analyst: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=239430160
To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the Distributed Control System 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.
Browse Related Reports
Industrial Control and Factory Automation Market by Technology (SCADA, PLC & RTU, DCS, MES, HMI, and Safety), Component (Industrial Robot, MACHINE Vision, Valve, Control Device, and Field Instrument), Industry, & Geography - Global Forecast to 2020
Industrial Energy Management System (IEMS) Market by Technology Solution (SCADA, PLC, DCS, Energy Platforms, Energy Analytics, Meter Data Management, EMIS, PLCS, & DRMS), by Hardware, by Services and by Industry - Global Forecast to 2019
About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm 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 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.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article