Distributed Control Systems: A Global Strategic Business Report
San Jose, California (Vocus) October 12, 2010
Distributed Control Systems (DCS) provide advanced solutions for complex process automation systems, making them more reliable and efficient. Increasing usage of DCS improves process quality, reduces life cycle and down time costs, and creates high revenue reserves, encouraging companies to further invest in newer distributed control systems. Though initially the DCS market was considered recession-proof owing to the large-scale automation being undertaken in developing countries, the global negative sentiments caught up with the industry in early 2009, pulling down the high growth rates witnessed by the market in the early part of the decade. The impact of recession on the worldwide manufacturing sector, particularly in North America and Europe, slowed down the demand for DCS. A full-fledged recovery is expected to take time owing to slow resurgence in the US, Japan and Western Europe.
Europe, Asia-Pacific and the United States collectively accounted for a major share of the worldwide DCS market, as stated by the new market research report on distributed control systems. Though the recession slowed down the pace of growth globally, steady economic growth in several Asia-Pacific countries, particularly China, India and Southeast Asian countries, is expected to fuel sales. New capital projects, plant capacity expansions, infrastructure developments, and growing technological importance in several countries in Asia-Pacific has made the region the new hub for global DCS suppliers. Infrastructure expansions requiring system upgrades and upcoming manufacturing facilities are also expected to fuel demand for DCS in the region. An expanding manufacturing sector and increasing demand for manufactured products and energy favor the growth of DCS market in Asia-Pacific region.
The need for upgrading the aging infrastructure across North America, including power grid, provides potential growth opportunities for DCS suppliers. For retrofit and upgrade projects, smaller systems are likely to find favor as potential replacements for legacy systems, particularly from food and beverage, mineral processing and water and wastewater sectors. The region’s oil and gas industry is also expected to witness increased investment in reconstruction projects for damaged offshore sector. The electric power industry in North America is expected to be affected by deregulation, emergence of new technologies, and trend towards convergent energy companies.
The global DCS market represents a highly consolidated market, with the five leading players accounting for about three-fourth of the global market. Industry players are constantly upgrading their products to keep up with the pace of growing demand for sophisticated automated systems. Major players profiled in the report include ABB Ltd, Bharat Heavy Electricals Ltd, Control Systems International, Emerson Process Management, GE Energy, Honeywell Process Solutions, Invensys Plc, Metso Corp, Mitsubishi Heavy Industries, Omron Corp, Rockwell Automation, Schneider Electric SA, Siemens Energy & Automation, Toshiba International Corp, Yokogawa Electric Corp. among others.
The report titled “Distributed Control Systems: A Global Strategic Business Report”, announced by Global Industry Analysts, Inc. provides a review of market trends and issues, factors driving market growth, industry challenges, product profile, players, competitive landscape, end-use overview, latest product introductions, recent developments, mergers, acquisitions, alliances and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Canada, Japan, Europe, Asia-Pacific, Middle East and Rest of World. Value analytics are provided in terms of end-use segments including Pulp & Paper, Pharmaceutical, Power, Oil & Gas, Chemical, and Others over the period 2007-2015.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Distributed_Control_Systems_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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