Showing posts with label Distributed Control Systems Market. Show all posts
Showing posts with label Distributed Control Systems Market. Show all posts

12 Jan 2015

Distributed Control Systems Market to Find Key Opportunities in Power Industry, to Hit US$19.8 billion by 2018

The global distributed control systems market is poised to hit US$19.8 billion, growing at a 3.9% CAGR from 2012 through 2018. These are the findings of a market report that Transparency Market Research has recently published. The report is titled ‘Distributed Control Systems Market - Global Industry Analysis, Size, Share, Trends and Forecast, 2012–2018’. Much of the growth experienced by the distributed control systems (DCS) market is 2012 can be credited to the oil and gas industry. This industry was the leading end user of the distributed control systems (DCS) market, with a 20% contribution to revenue. However, in the coming years, the oil and gas industry will be outpaced by the power industry, the report predicts. This change will occur because of a rapidly increasing acceptance of DCS through this industry. 

Browse the full Distributed Control Systems Market - Global Industry Analysis, Size, Share, Trends And Forecast 2012 - 2018 report at http://www.transparencymarketresearch.com/distributed-control-systems-market.html

By geographical region, the report states that Asia Pacific is projected to grow the fastest, and will contribute the most to the distributed control systems (DCS) market. This region is a large base for companies that make use of DCS solutions, which explains its prominence in the overall distributed control systems (DCS) market.

The report observes that a vast majority of distributed control systems were set-up in the 1980s in industrialized nations such as Europe and North America. Most of these systems are now older than two or three decades and are reaching the fag end of their recommended lifecycle, creating a whole new market for replacement and upgrades. These old systems need to be replaced with more smarter and more efficient distributed control systems (DCS) that can perform according to changing needs of the industry. Besides, in Asia Pacific, a number of rapidly industrializing regions have stirred up a considerable demand for distributed control systems. With the use of open-source solutions, SMEs can enjoy all the benefits of DCS software. This is yet another factor driving growth in the distributed control systems (DCS) market.

The TMR report segments the global DCS market into three categories on the basis of components as software, hardware, and services. The report finds that the DCS software market was the largest in 2012, occupying over 50% of the global market share. According to the analysis of the report, the fastest growing segment in the future will be that of DCS hardware because of the upgrades and replacements of systems discussed earlier.

The key end users of distributed control systems (DCS) are industries such as: power, chemicals, oil and gas, metal and mining, pulp and paper, water and waste-water management, pharmaceuticals, and others. These industries are facing an increased demand for manufacturing, leading them to consume more power. As a result, the increment in power demand is also leading to investments from a number of state-owned bodies in the distributed control systems (DCS) market. Thus, the power plant segment is forecast to emerge as the fastest growing through the forecast period of this report, at a moderately healthy CAGR of 5%. The report concludes that the thriving oil and gas industry will hold the largest share in the end user market for distributed control systems, potentially hitting US$5.1 billion by 2018. 


This study profiles leaders in the distributed control systems (DCS) market. Since 2009, ABB Ltd has held a lead over the competition thanks to its global presence and M&As. The other companies that are profiled in this report include: Honeywell, Siemens, Yokogawa, Invensys, Emerson, and Rockwell.

 

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