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.
Browse full research report on Distributed Control Systems Market: https://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.
Browse more reports of this category
by Grand View Research: https://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
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.
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