Distributed Control Systems Market Release involving Schneider Electric,Siemens, General Electric and other Global Key Players by WMR

Western Market Research has promoted its recent exclusive report on "Distributed Control Systems Market Size And Forecast To 2025" which is based on comprehensive research and supported by robust, carefully validated data, this 148 pages report will serve as a complete guide for organizations and governments across the globe aspiring to make a strategic move in strengthening their presence in the sector. It will also serve as a very insightful tool for those organizations seeking to deepen their knowledge in the sector.

The Global Distributed Control Systems Market was valued at USD 15.54 billion in 2016 and is projected to reach USD 23.88 billion by 2025, growing at a CAGR of 4.89% from 2017 to 2025.

A Distributed Control System (DCS) is a digital automated industrial control system that uses geographically distributed control loops throughout a factory, machine or control area. A DCS has several local controllers located throughout the area that are connected by a high speed communication network. Benefits of using DCS include - high availability, reduced engineering time, shorter start-ups, easily integration, minimal troubleshooting.

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Market Dynamics:
1. Market Drivers
1.1 Increasing industrial infrastructure in emerging markets
1.2 Emerging power sector and augmented power generation capacities
1.3 Rising use of renewable and nuclear energy for power generation
1.4 Growing adoption of IoT for real-time decision making
2. Market Restraints
2.1 Poor growth of the oil & gas industry
2.2 Availability of cost effective alternatives

Market Segmentation:
The Global Distributed Control Systems Market is segmented on the application, component, and region.

1. By Application:
1.1 Batch-Oriented Process
1.2 Continuous Process
1.3 Others

2. By Component:
2.1 Software
2.2 Hardware
2.3 Services

3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa

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Competitive Landscape:
The major players in the market are as follows:
1. Schneider Electric
2. Siemens
3. General Electric
4. Yokogawa
5. Toshiba
6. Hitachi
7. ABB
8. Emerson
9. Honeywell
10. Rockwell
11. Metso
12. Azbil

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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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This release was published on openPR.