Distributed Control Systems Market

Distributed Control Systems Market : Oil and Gas Industry Top End User with 20%
Revenue Share
Transparency Market Research’s report “Distributed Control Systems Market - Global
Industry Analysis, Size, Share, Trends And Forecast 2012 - 2018” delivers key
insights of the DCS market. According to this report, the global distributed control
systems market is estimated to reach a market value of US$19.8 billion by 2018 and
demonstrate a CAGR of 3.9% during the forecast period from 2012 to 2018.The
global distributed control systems market is majorly driven by its elevated use in the
oil and gas industry. The report states that the oil and gas industry in the global
distributed control systems (DCS) market will reach an estimated value of US$5.1
billion by end of 2018.
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The oil and gas industry is the leading end user of the distributed control systems
(DCS) market and contributed to 20% of the market revenue. However, it is expected
that the demand for power which falls under the other end user segment will
outpace the oil and gas industry in terms of share in the coming few years. This shift
will occur due to the rapidly growing acceptance of distributed control systems in the
power industry. The power plant segment in the global distributed control systems
market will grow at the highest CAGR of 5% during the forecasting horizon.Other
end-user industries of the global distributed control systems (DCS) market are
chemicals, metal and mining, waste and wastewater treatment, pulp and paper,
pharmaceutical, and other process industries. These industries are witnessing a rising
demand for manufacturing owing to which their power consumption has significantly
increased. As a consequence, the increment in power demand will also fuel
investments from a number of state-owned bodies in the global distributed control
systems
(DCS)
market.
By component type, the global distributed control systems market is classified into
DCS services, DCS software, and DCS hardware. DCS software stood out as the
largest sector in the global distributed control systems (DCS) market, and held over
50% share in 2012. However, DCS hardware is anticipated to emerge as the fastest
growing sector due to growing number of replacement and upgrades of systems. The
majority of distributed control systems were set up during the 1980s in the
industrialized regions of North America and Europe. However, most of these regions
are now older than 20-30 years and in need for upgrade. The trend of replacing
these old systems with efficient distributed control systems is rapidly gaining pace,
which
will
boost
the
DCS
hardware
component
sector.
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Geographically, the global distributed control systems (DCS) market is divided into
North America, Europe, Asia Pacific, and Rest of the World (RoW). In Asia Pacific,
several industrializing countries have resulted in a high demand for distributed
control systems. With the advent of open-source solutions, subject matter experts can
take advantage of DCS software, which is another factor driving the global DCS
market.
The global distributed control systems (DCS) market is witnessing a number of M&As.
Notable companies operating in the global distributed control systems market are
ABB, Siemens, Yokogawa, Honeywell, Emerson, Invensys, and Rockwell. Presently,
ABB Ltd. is leading the market followed by Siemens AG and Honeywell.

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