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Global Distributed Control System Market Significant Rise In Revenue During The Forecast 2017 – 2022
According to the new market research report "Distributed Control Systems Market by Industry (Oil & Gas, Chemicals, Power Generation, Metals and Mining, Pharmaceutical, Paper and Pulp, Food and Beverage), Component (Hardware, Software, Services), Application, and Region - Global Forecast to 2022", the global distributed control system market is expected to grow at a CAGR of 4.97%, from 2017 to 2022, to reach a market size of USD 20.33 billion by 2022.
Expanding industrial infrastructure in regions such as Asia Pacific, the Middle East, and Africa and the booming power sector and augmented power generation capacities worldwide are likely to drive the distributed control system market during the forecast period.
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The software segment is expected to account for the largest share of the DCS market, by component, during the forecast period
The software segment of the DCS market is expected to be the largest market in 2017. Software components include IT application parts and services such as installation, maintenance, and upgradation. The upgradation of software and upcoming technologies are expected to drive the distributed control systems (DCS) market during the forecast period.
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74 – Tables
48 – Figures
158 – Pages
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The continuous process segment is expected to be the largest distributed control systems (DCS) market in 2017
The continuous process segment is expected to lead the DCS market during the forecast period. Industries such as oil & gas, power generation, and water and wastewater treatment employ the continuous process. Investments in the nuclear and renewable sectors of the power generation industry will drive the continuous process segment during the forecast period.
Asia Pacific is expected to be the leading DCS market during the forecast period
The market in Asia Pacific is expected to dominate the global distributed control systems (DCS) market due to growing industrial infrastructure and increased investments in power generation in countries such as China, India, Indonesia, and Vietnam. The governments of these countries have ambitious plans to achieve complete electrification to support their rising population and industrial needs.
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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the distributed control systems (DCS) market. These include ABB (Switzerland), Siemens (Germany), Honeywell (US), Yokogawa (Japan), Emerson (US), Schneider Electric (France), General Electric (US), Rockwell (US), Toshiba (Australia), Metso (Finland), Azbil (Japan), Novatech (US), Mitsubishi (Japan), Hitachi (Japan), Can-Technologies (Canada), CG Power (India), Chint Electric (China), Larsen & Toubro (India), Hyosung (South Korea), Andritz (Austria), Mobile Automation (Australia), HollySys (China), ZAT (Czech Republic), Concept Systems (US), and Ingeteam (Spain). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.
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