NEW YORK, Feb. 3, 2016 /PRNewswire/ -- The 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. Increasing focus towards power generation from nuclear and renewable energy has been boosting the demand for DCS solutions. End-use industries are implementing DCS to streamline their plant operations and achieve operational excellence.
"Continuous process segment is the largest market, by application"
Highly attractive outlook for nuclear and renewable sectors in the power generation industry, downstream activities in the oil & gas industry, increasing production of chemicals, and high demand for the desalination industry are the major factors driving the market segment of continuous process industry.
The Middle East has been increasingly focusing on expanding its manufacturing capabilities. The primary reason for this is to change the region's role as a raw material supplier to finished goods provider, within the manufacturing industry. The industrial scenario in emerging markets such as the Middle East & Africa's power and chemical industry is also consistently improving. This growth in the region indicates positive growth prospects for the DCS market.
The primary participants for the report have been categorized on the basis of company type, designation, and region. The details are as follows:
- By Company Type: Tier 1 - 35%, Tier 2 – 45%, and Tier 3 – 20%
- By Designation: C level – 35%, Director level – 25%, and Others – 40%
- By Region: North America – 45%, Asia-Pacific – 30%, Europe – 20%, Rest of World – 5%
Asia-Pacific is expected to have the largest market share and the highest growth rate during the forecast period. This region is involved in the deployment of DCS solutions, and is one of the key markets for DCS manufacturers and suppliers. DCS solutions can be implemented in an entire plant in order to control and monitor all the processes occurring in the plant.
List of companies profiled in the report include:
- Siemens AG
- Honeywell International Inc.
- Yokogawa Electric Corporation
- Emerson Electric Co.
- Schneider Electric SE
- Rockwell Automation
- General Electric Company
- Metso Corporation
- Azbil Corporation
- NovaTech Process Solutions LLC
- Toshiba International Corporation Pty Ltd.
Why buy this report
The report offers market estimations and projections till 2020 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
Product Analysis and Development: Insights on upcoming technologies, research and development activities, and new product launches in the global DCS market. In-depth analysis of the DCS implementations in various regions depicts a clear picture of the market scenario.
Market Development: Includes information about lucrative emerging markets. The report also analyzes markets for DCS solutions across regions.
Market Diversification: Information about new products, untapped regions, recent developments, and investments decisions in the market. Description regarding related and unrelated diversification pertaining to this market
Competitive Assessment: Assessment of market shares, and company share analysis of key players. Business strategies and manufacturing capabilities of leading players enhance the bottom line of the companies in the DCS market.
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