Read The Times Australia

Daily Bulletin

Distributed Control System Market worth 19.82 Billion USD by 2020

  • Written by: Pitch Engine

image

The report "Distributed Control System Market by Industry (Oil & Gas, Chemicals, Power Generation, Metals & Mining, Pharmaceutical, Paper & Pulp, Food & Beverage), by Component (Hardware, Software, & Services), by Application, and by Region - Global Forecast to 2020 ", The global Distributed Control System (DCS) market is expected to reach USD 19.82 Billion by 2020, at a CAGR of 4.91% from 2015 to 2020.

Speak to Analyst: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=239430160

Asia-Pacific is estimated to be the largest DCS market in 2015, and is expected to have the highest growth during the forecast period. This growth is attributed to increasing investments in renewable power generation.

North America is expected to be the second largest market, after Asia-Pacific, because of the use of DCS in the oil & gas sector. Unconventional exploration is one of the major factors driving the growth of the DCS market in the region.

List of companies profiled in the report include:

• Siemens AG

• Honeywell International Inc.

• Yokogawa Electric Corporation

• Emerson Electric Co.

• Schneider Electric SE

• Rockwell Automation

• General Electric Company

• Metso Corporation

• Azbil Corporation

• NovaTech Process Solutions LLC

• Toshiba International Corporation Pty Ltd.

These companies have been the most active in terms of strategic developments from January 2012 to November 2015. Most of these market players are present in North America & Europe and have been actively participating in competitive developments.

Request for Customization: http://www.marketsandmarkets.com/requestCustomization.asp?id=239430160

Power Generation end-use industry to register the highest growth

The power generation segment requires DCS for process automation of power plants because of its ability to integrate PLCs, third- party controls, safety systems, and turbomachinery controls, and to monitor and control power plant processes such as water quality, feedwater heaters, and heat exchangers. The Industrial Control Systems standards must be met in all such industries.


This segment is expected to exhibit the highest growth rate during the forecast period of 2015 to 2020. This growth is attributed to increasing power generation capacities in countries in Asia-Pacific, such as China and India, to meet the growing electricity demand. This in turn would require deployment of industrial automation solutions such as DCS.

The process industry segment is expected to lead the market

The process industry segment includes industries such as oil & gas, chemicals, power generation, and water & wastewater treatment. It is one of the fastest growing applications for the DCS market. Highly attractive outlook for nuclear and renewable sectors in the power generation industry, increasing production of chemicals, and high demand for the desalination industry are the major factors driving the continuous process market.

The Middle East is a key market for DCS

The Middle East region has been increasingly focusing on expanding its manufacturing capabilities. The primary reason for this move is to change the region’s role as a raw material supplier to a finished goods provider, within the manufacturing industry. Additionally, in a purview to develop an economy which is less oil-dependent, the Middle East countries have been increasingly focusing on its manufacturing sector. The positive outlook for the expansion of the manufacturing industry is expected to boost the demand for the DCS market.

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.

M&M’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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:Mr. RohanMarkets and Markets UNIT no 802, Tower no. 7, SEZMagarpatta city, HadapsarPune, Maharashtra 411013, India1-888-600-6441Email: sales@marketsandmarkets.com

Authors: Pitch Engine

Read more http://www.pitchengine.com/pitches/41205ed8-174d-42d4-b699-17093106812b

Business News

The strategic rise of Bali as Australia’s next essential healthcare support hub

As Australian healthcare providers grapple with unprecedented operational bottlenecks, a new nearshore model is quietly transforming patient care delivery. Forward-thinking organisations,  including...

Daily Bulletin - avatar Daily Bulletin

Cost Savings and Benefits of Using Used Pallets in Logistics

In today’s competitive logistics and supply chain industry, businesses are constantly looking for ways to reduce operational costs without compromising efficiency and reliability. One of the most prac...

Daily Bulletin - avatar Daily Bulletin

How Fulfilment Services in Australia Help Businesses Scale Efficiently

The growth of e-commerce and modern retail has transformed customer expectations. Consumers now expect fast shipping, accurate order processing, and seamless delivery experiences regardless of where...

Daily Bulletin - avatar Daily Bulletin

Practical Ways Australian Workplaces Can Reduce Operating Costs

Reducing business costs doesn’t always mean cutting staff, shrinking services or making the workplace feel bare-bones. In many cases, the smarter savings are hiding in everyday operations: the light...

Daily Bulletin - avatar Daily Bulletin

Executive Recruitment Solutions That Help Organisations Secure Exceptional Leaders

Leadership has a direct impact on organisational performance, employee engagement, strategic growth, and long-term success. Businesses operating in increasingly competitive environments require experi...

Daily Bulletin - avatar Daily Bulletin

Why A WooCommerce Website Designer Matters For Online Growth

Running an online store today requires more than simply listing products and waiting for customers to arrive. Businesses need a website that is fast, reliable, easy to navigate, and designed to suppor...

Daily Bulletin - avatar Daily Bulletin

Turning Your Empty Tables into Revenue

The rise of AI demand tools in hospitality, the EatClub–CommBank partnership, and seven trends reshaping Australian dining  A growing number of Australian venues are turning to AI-powered demand ma...

Daily Bulletin - avatar Daily Bulletin

High-Impact Dental Marketing Strategies That Are Driving Real Practice Growth Today

The landscape of dental practice growth in Australia has shifted dramatically over recent years. Standard, broad-spectrum advertising campaigns no longer yield the return on investment they once did. ...

Daily Bulletin - avatar Daily Bulletin

How Telematics Helps Australian Companies Improve Productivity

Operating a commercial fleet in Australia is a uniquely demanding endeavour. Between the sprawling urban sprawl of cities like Sydney and Melbourne and the immense, unforgiving stretches of the Outb...

Daily Bulletin - avatar Daily Bulletin

The Daily Magazine

Lighting Shop in Perth: How The Right Lighting Can Transform Your Home And Business

The right lighting can completely change the look, feel, and functionality of any space. Whether it ...

Traffic Light System Solutions For Safer And More Efficient Traffic Management

Modern cities and growing communities rely heavily on effective traffic management to ensure safety...

Gold Migration Lawyers in Liquidation: How the Closure Affects Your ART Appeal

If your appeal was with Gold Migration Lawyers, a recent change to how the Tribunal decides cases ...

The pressure cooker: life in urban Australia in 2026

Australian cities have always been demanding. Long commutes, rising housing costs, busy schedules a...

What Actually Makes a Good Criminal Lawyer in Melbourne

Most people only think about this question once. That is usually too late. Most people charged wi...

Why Working With A Chatswood Tutor Can Improve Academic Performance

Academic expectations continue increasing for students across primary school, high school, and senio...

Is It Worth Getting Solar Panels in Melbourne?

The real question is not whether solar works in Melbourne. It works. The question is what it is co...

How A Diploma Of Project Management Builds Practical Skills For Modern Work Environments

Developing the ability to plan, execute, and deliver outcomes efficiently is a key requirement in to...

How to Choose the Right Football for Every Level

Choosing a football may seem straightforward, but the right option depends on who will be using it a...