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.
Full
Research Report on Global Distributed Control Systems (DCS) Market Analysis: http://www.grandviewresearch.com/industry-analysis/distributed-control-systems-market
Further
key findings from the report 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.
View more
reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software
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
View press
release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-distributed-control-systems
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, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more
information: www.grandviewresearch.com
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