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.
In depth research report on 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.
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
Browse more research reports of this category:
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.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
No comments:
Post a Comment