Market Research Report - 263132
Distributed Control Systems Market - Global Industry Analysis, Size, Share, Trends And Forecast, 2012 - 2018
|Published by||Transparency Market Research|
|Published||Content info||95 Pages|
|Distributed Control Systems Market - Global Industry Analysis, Size, Share, Trends And Forecast, 2012 - 2018|
|Published: February 21, 2013||Content info: 95 Pages||
Increase in manufacturing activities in Asia Pacific and Middle East countries is expected to contribute to the growing demand for distributed control system (DCS) solutions across different end use industries. Increasing investments in oil and gas, chemicals, petrochemicals, power generation, and water and waste-water industry among others is driving the demand for distributed control systems in regional markets. There is rapid industrialization worldwide since the markets have begun to revive after the launch of projects that were deferred during the economic downturn.
Increasing demand for oil and gas is creating the need for technologically advanced control systems for monitoring and controlling different activities in order to increase production efficiency. Also, these systems can help in reducing the risk to human life as DCS solutions can be implemented in hazardous environments.
The growing demand for power is encouraging governments to set up new power stations or upgrade the existing ones for capacity expansion. Use of DCS solutions for monitoring different activities in power generation stations will help in enhancing the power generation speed and avoid human errors occurring during the process. Also, there is an increasing demand for distributed control systems in food processing industries due to the rapidly growing population.
The global distributed control systems market is segmented based on components into hardware, software, and services. The software segment is the largest in the global DCS market as most existing distributed control systems require system up-gradation. DCS hardware is expected to become the fastest growing segment during the forecast period from 2012 to 2018 due to the increasing number of Greenfield projects in the Asia Pacific region.
The study on global distributed control systems, analyzes the market based on major component type, applications of DCS in end user industry and major geographies. The geographies analyzed under this report include North America, Europe, Asia Pacific, and Rest of the World. The report provides complete analysis of the factors responsible for driving and restraining the global DCS market and discusses the potential growth opportunities.
Market shares and analysis of the leading players in the distributed control systems market is presented in the research study. ABB Ltd remained the market leader followed by Siemens and Honeywell in 2012. Other important players dominating the global distributed control systems market include Honeywell International, Yokogawa, Emerson, and Invensys Plc among others.
The global market for distributed control systems is segmented as follows: