Distributed Control Systems (DCS) Market By Product (Hardware, Software), By End-Use (Chemical, Metal & Mining, Oil & Gas) is Expected to Reach USD 20.39 Billion by 2020 - WDRB 41 Louisville News

Distributed Control Systems (DCS) Market By Product (Hardware, Software), By End-Use (Chemical, Metal & Mining, Oil & Gas) is Expected to Reach USD 20.39 Billion by 2020

Posted:

This article was originally distributed via PRWeb. PRWeb, WorldNow and this Site make no warranties or representations in connection therewith.

SOURCE:

Market Size - $16.21 bn in 2013, Market Growth - CAGR of 3.3%, Market Trends Shift towards intelligent I/O type sub-systems New Report By Grand View Research. View Full Report With TOC - http://www.grandviewresearch.com/industry-analysis/distributed-control-systems-market.

San Francisco, California (PRWEB) June 25, 2014

The global Distribution Control Systems (DCS) market is expected to reach USD 20.39 billion by 2020, according to a new study by Grand View Research, Inc. 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.

The report Distributed Control Systems 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 is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/distributed-control-systems-market.

Request Free Sample of This Report @ http://www.grandviewresearch.com/industry-analysis/distributed-control-systems-market/request.

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.
  • 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.

Browse All Reports of This Category @ http://www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software.

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

Browse All Ongoing Reports @ http://www.grandviewresearch.com/ongoing-reports.

Latest Reports:

Silicon Carbide Market Analysis, By Product (Black Silicon Carbide, Green Silicon Carbide) By End-use (Steel & Energy, Automotive, Aerospace & Aviation, Military & Defense, Medical & Healthcare, Electronics & Semiconductors) And Segment Forecasts To 2020 (http://www.grandviewresearch.com/industry-analysis/silicon-carbide-market)

The global market for silicon carbide is expected to reach USD 4.49 billion by 2020, according to a new study by Grand View Research, Inc. Positive outlook on steel manufacturing, for which SiC is used as a deoxidizing agent is expected to drive silicon carbide demand. In addition, silicon carbide is an essential element in the manufacturing of semiconductors which is expected to witness significant growth over the next six years.

Bisphenol A (BPA) Market Analysis By Application (Polycarbonates, Epoxy resins) and Segment Forecasts To 2020 (http://www.grandviewresearch.com/industry-analysis/bisphenol-a-bpa-market)

The global market for Bisphenol A (BPA) is expected to reach USD 20.03 billion by 2020, according to a new study by Grand View Research, Inc. BPA is largely used for the production of polycarbonates and growing demand of polycarbonates in consumer goods and medical devices is expected to be a key driver for the market. In addition, the growing construction industry and growing BPA demand in automobile industry are expected to further augment market growth.

About Grand View Research

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058

For the original version on PRWeb visit: http://www.prweb.com/releases/Distributed_Control/Systems_Market_Size_Share/prweb11973223.htm

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WDRB. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.