HOME Press Releases Distributed Control Systems Market worth 20.33 Billion USD by 2022



Distributed Control Systems Market worth 20.33 Billion USD by 2022


The 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 distributed control systems (DCS) market is expected to grow from an estimated USD 15.95 Billion in 2017 to USD 20.33 Billion by 2022, at a CAGR of 4.97%. The market is set to grow due to the booming power sector and augmented power generation capacities worldwide, growing industrial infrastructure in regions such as Asia Pacific, the Middle East, and Africa, and increased use of renewable and nuclear energy for power generation.

                                            Request Sample                             Request Sample

Browse 74 Market Data Tables and 48 Figures spread through 158 Pages and in-depth TOC on "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"
https://www.marketsandmarkets.com/Market-Reports/distributed-control-system-market-239430160.html
Early buyers will receive 10% customization on reports.

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 DCS market during the forecast period.

The continuous process segment is expected to be the largest 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 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.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the 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.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports