Distributed Control Systems (DCS) Market By Component Type, Industry Verticals Global Opportunity Analysis And Industry Forecast, 2014 - 2022
Distributed Control Systems (DCS) Market Overview  Global Distributed Control Systems (DCS) Market is expected to reach $24,609 million by 2022, growing at a CAGR of 5.2% during the forecast period 2016 - 2022. The emerging process industries are merely operated by advanced automation technologies such as distributed control systems (DCS). These systems are used as an extension of traditional controllers across diversified range of industries. The main concept of DCS application is derived by the idea of decentralizing the control unit and establishing a common network between the engineering stations. In addition, integrating DCS with process plants enables it to control, report, and monitor the components individually, while providing flexibility and simplicity to the plant operation. DCS uses a set of configuration tools to manage the database, graphics, control logic, and system security. Moreover, it supports modification, upgrade, and integration to the existing architecture of any industry.
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Segment Overview: The DCS market is segmented on the basis of component type, industry vertical and geography. The segmentation done under component type is hardware, software and services. In 2015, software contributed the highest revenue in the market globally. Based on industry verticals the market is segmented into chemical, oil and gas, pharmaceutical, petrochemical, food and beverage, power generation and others (manufacturing, metal & mining, paper & pulp and automation). Among the industry verticals segments, oil & gas dominated the market in terms of spending in 2015 and is projected to continue its dominance throughout the forecast period. The geographical regions considered in the report are North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific contributes the highest revenue among other regions.
Distributed Control Systems (DCS) Market Key Benefits This study comprises analytical depiction of the global DCS market, with current trends and future estimations to depict the imminent investment pockets. The overall market potential is determined to understand the profitable trends for gaining a stronger coverage in the market. The report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis. The current market is quantitatively analyzed from 2014 to 2022, which is provided to highlight the financial competency of the market. Porter’s five forces analysis illustrates the potency of the buyers and suppliers. Value chain analysis provides a clear understanding of the roles of stakeholders involved.
Key Players ď‚´ The leading players profiled in this report are Siemens AG, ABB Ltd., Honeywell International, Inc., Yokogawa Electric Corporation, General Electric Company, Rockwell Automation, Inc, Emerson Electric Co., Metso Corporation, Schneider Electric SA and NovaTech Process Solutions LLC. These companies have adopted strategies, such as expansion, product launch, and research & development, to increase their market share and expand its geographical presence.
Distributed Control Systems (DCS) Market Key Segments By Component Type
By Industry Vertical
Hardware
Chemical
Software
Oil & Gas
Services
Pharmaceutical Food & Beverage Power Generation Others (Automation, Metal & Mining, Paper & Pulp)
By Geography North America
Asia-Pacific
U.S.
China
Canada
Japan
Mexico
India
Europe UK Germany
Australia Rest of Asia-Pacific
LAMEA
France
Latin America
Russia
Middle East
Rest of Europe
Africa
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