Asia-Pacific Region is Expected to Dominate the Global Distributed Control Systems Market over the Forecast Period

Variant Market Research forecasted that the global distributed control systems (DCS) market is forecasted to reach $24 billion by 2024 from $17 billion in 2016; growing at a CAGR of 4.5% from 2016 to 2024. There are the several driving factors of the market such as development of open sources DCS solutions, cost & time efficiency and growth in energy generation based on renewable resources. However, slow industrial growth in developed economies may restrain the growth of the market. Furthermore, technological advancements and rapid industrialization are the major opportunities of the market.
Browse Complete Report @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/distributed-control-systems-market
Key segments of the global distributed control systems (DCS) market are component, end-user and geography. DCS services, DCS software and DCS hardware are the key sub segments of the component segment. In 2016, DCS hardware is expected to dominate the segment during the forecast period 2016-2024. Moreover, end-user segment has been segmented into pharmaceutical, oil & gas, pulp & paper, chemicals, water & wastewater management, metal & mining, power and others.
Get Sample Report @ http://bit.ly/2reqlQI
North America, Europe, Asia-Pacific and rest of the world are the major geographical sub segment of the global distributed control systems (DCS) market. In 2016, Asia-Pacific region accounted for the highest market share of 34.1%, owning to, expanding manufacturing industries in countries such as India and China, followed by Europe. Additionally, Asia-Pacific is predicted to grow at the highest CAGR of 5.7% during 2016-2024.
The market players have been adopting several strategies to increase their product portfolio and geographical presence. The key market players in the distributed control systems (DCS) market are Metso Corporation, Honeywell International Inc., Emerson Electric Co., Siemens AG, NovaTech Process Solutions LLC, Yokogawa Electric Corporation, ABB Ltd., Rockwell Automation Inc., and Schneider Electric SA, among others.

We at Variant Market Research provide syndicated as well as customized reports along with short and long term consulting services pertaining to your requirements; offering accurate analysis, post precise data mining and analysis of information gathered. Adding to that, our offerings also include customized data pack, proposing market sizing in an Excel/PDF/PPT/Word format as per the need of our consumers.

For information, contact:
VARIANT MARKET RESEARCH LLP
Web: https://www.variantmarketresearch.com/
USA Office:
649 Mission St.,
5th Floor, San Francisco,
CA 94105, United States.
Tel: +1-415-680-2785
Fax: +1-415-680-2786
Email: help@variantmarketresearch.com
India Office (Corporate Headquarter):
Office No. FL No.7, Prakash Developers,
Survey no 34/A5, Wadgaon Sheri,
Nagar Road, Pune – 411014
Tel: +91 20 65337795

This release was published on openPR.