Distributed Control Systems Market is Expected to be Valued at USD 20.39 billion by 2020

26/giu/2019 14:39:50 Annesa Saha Contatta l'autore

Questo comunicato è stato pubblicato più di 30 giorni fa. Le informazioni su questa pagina potrebbero non essere attendibili.

June 26, 2019: The global Distribution Control Systems (DCS) market is expected to reach USD 20.39 billion by 2020. 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.

Download sample Copy of This Report at: https://www.radiantinsights.com/research/distributed-control-systems-dcs-market-analysis-by-product-hardware-software-and-services-by-end-use-industry-chemical-metal-and-mining-oil-and-gas-pharmaceutical-power-pulp-and-paper-water-and-waste-water-treatment-industry-and-segment-forecasts-to-2020/request-sample

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.

Read Complete Report With TOC @ https://www.radiantinsights.com/research/distributed-control-systems-dcs-market-analysis-by-product-hardware-software-and-services-by-end-use-industry-chemical-metal-and-mining-oil-and-gas-pharmaceutical-power-pulp-and-paper-water-and-waste-water-treatment-industry-and-segment-forecasts-to-2020

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.

For the purpose of this study, 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 Radiant Insights

Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

For More Information, Visit Radiant Insights

Contact:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com    
Blog URL: http://ictmarketforecasts.wordpress.com

blog comments powered by Disqus
Comunicati.net è un servizio offerto da Factotum Srl