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.
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Further key findings from the study suggest:
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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:
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