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Distributed Control Systems (DCS) market Size 2016 by Top Key Players and Application with Trend and Growth by 2022 Forecasts

02-13-2019 09:53 AM CET | IT, New Media & Software

Press release from: Allied Market Research

/ PR Agency: Allied Analytics
Distributed Control Systems Market

Distributed Control Systems Market

Significant growth in world distributed control systems market is attributed to the technological advancements in hardware, software, and services and increased adoption in emerging economies. Furthermore, integration with cloud computing technology and increase in demand from energy and power sectors drive the growth of DCS market. However, sluggish industrial growth in developed economies hampers the growth of global DCS market to a certain extent.

Distributed control systems have been increasingly deployed in Asia-Pacific, followed by North America, Europe, and LAMEA. Asia-Pacific occupied the highest market share owing to the increasing adoption in the emerging economies in the region.

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Software is the dominant segment due to rise in the adoption of commercial off-the-shelf (COTS) and cloud computing. The oil & gas industry also dominated the market owing to the requirement of advanced safety in oil & gas plants on the basis of environmental regulations.

Manufacturers in the market focus on product innovation with exceptional product offerings to lead the market. General Electric, Siemens, and Honeywell International Inc. are the leading market players that occupy a prominent revenue share. These players adopt expansion, R&D, product launch, and acquisition as their key strategies to sustain in the market.

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.

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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.

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.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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