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Global Distributed Control Systems Market is Estimated to Reach $26.7 Billion by 2025, Says Accurize Market Research

08-29-2019 03:40 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Accurize Market Research

Global Distributed Control Systems Market

Global Distributed Control Systems Market

Global Distributed Control Systems Market report published by Accurize Market Research forecast that the global market is expected to reach 26.7 billion by 2025; growing at a CAGR of 4.6% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

Increased government spending on the military to drive the market

Growth in energy generation based on renewable resources, and cost & time effectiveness fuels the demand for the global Distributed Control Systems Market. Moreover, the emergence of open sources DCS solutions also boosts the growth of the market.

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Market Segmentation

The global distributed control systems market is bifurcated into component and end-user. The DCS is further segmented by component into DCS hardware, DCS software, and DCS services. Furthermore, the end-user segment includes oil & gas, chemical, power, metal & mining, water & wastewater management, pulp & paper, pharmaceutical, and others. Oil & gas dominated the end-user segment driven by increased demand for innovative systems to control and monitor activities.

By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the world. The U.S., Mexico, and Canada are covered under North America wherein Europe covers the UK, France, Germany, and others. Asia-Pacific covers China, India, Japan, and others. Rest of the World (RoW) covers South America, the Middle East, and Africa.

“DCS software accounted for the largest market share in the component segment", says Accurize

By component, DCS software accounted for the largest market share in the overall component segment in 2017. However, the DCS hardware segment is anticipated to attain the fastest CAGR during the forecast period, driven by an increase in a number of replacement and system upgrades.

"Asia-Pacific dominated the global market with the highest market share over the forecast period", says Accurize

Asia-Pacific accounted for the largest market share of 35% in 2017, owing to the growth in manufacturing industries in countries such as China and India. Europe accounted for the second-largest market share of XX% driven by technological advancement and decline in Greenfield investments. In terms of growth, Asia-Pacific is expected to attain the fastest CAGR of 5.8% during the forecast period 2017-2025.

Top players in the market

The key market players include Honeywell International Inc., Yokogawa Electric Corporation, Emerson Electric Co., NovaTech Process Solutions LLC, ABB Ltd., Siemens AG, Rockwell Automation Inc., Emerson Electric Co., Metso Corporation, and Schneider Electric SA, among others.

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https://www.accurizemarketresearch.com/report/distributed-control-systems-market

Contact Us:
Accurize Market Research
Address: Office No.306, Zen Business center
Wakad, Pune-411057
Tel: +1-339-368-6383
Email:help@accurizemarketresearch.com

Accurize Market Research, a research and consulting company providing syndicated as well as customized reports with precise analysisand future outlook. We work across several industries globally helping our customer plan their next strategic move. We at Accurize Market Researchbelieve in customer satisfaction and suggest them take strategic decisions regarding the present and future endeavors.

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