Global DCS Will Be Driven By Emergence Of Open Sources DCS Solutions
Global Distributed Control Systems (DCS) Market was valued at $17 billion in 2016 and is expected to reach $24 billion by 2024; growing at a CAGR of 4.5% from 2016 to 2024. In geographical segment, Asia-Pacific and Rest of the world (RoW) anticipated to grow at a fastest CAGR of 5.7% and 4.4%, respectively, during the forecast period 2016-2024.Get Full Access to This Report @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/distributed-control-systems-market
Emergence of open sources DCS solutions, growth in energy generation based on renewable resources, and cost & time effectiveness are the major key factors propelling the growth of global DCS market. However, sluggish industrial growth in developed countries may hinder the growth of the market. The impact of these factors would be minimal due to rapid industrialization and technological advancement in the global distributed control system market.
The global distributed control systems (DCS) market is segmented on component and end-user. The DCS market segmented by component is further categorized as DCS software, DCS hardware, and DCS services. In component segment, DCS software is assumed to hold the largest market share, in the year 2016. However, during the forecast period, DCS hardware is anticipated to attain the fastest CAGR, driven by increase in number of system upgrades and system. Furthermore, end user segment includes oil & gas, power, chemical, pharmaceutical, pulp & paper, metal & mining, water & wastewater management, and others. Oil & gas dominated the end user segment driven by increased demand for innovative systems to control and monitor activities.
Get Table of Content (TOC) @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/distributed-control-systems-market/toc
By Geography, the global DCS market has been segmented into North America, Europe, Asia-Pacific and Rest of the World. However, in the year 2016, Asia-Pacific dominated the market share with 34.1%, owing to the growth in manufacturing industries in developing countries such as India and China. Due to technological advancement and decline in greenfield investments, Europe accounted for the second largest market with the share of 32%. In terms of growth, Asia-Pacific is expected to attain fastest CAGR of 5.7% from 2016 to 2024.
The major players in the distributed control systems market include, Rockwell Automation Inc., Siemens AG, Emerson Electric Co., Honeywell International Inc., Yokogawa Electric Corporation, NovaTech Process Solutions LLC, Metso Corporation, ABB Ltd., Schneider Electric SA, and Emerson Electric Co., among others.
Click Here to Request a Free Sample PDF of This Report @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/distributed-control-systems-market/sample-request
Scope of Distributed Control Systems Market
Component Segments
• DCS hardware
• DCS software
• DCS services
End UserSegments
• Chemical
• Oil & Gas
• Water & Wastewater Management
• Power
• Metal and Mining
• Pharmaceutical
• Pulp & Paper
• Others
Geography Segments
• North America
o US
o Canada
o Mexico
• Europe
o UK
o France
o Germany
o Others
• Asia-Pacific
o China
o India
o Japan
o Others
• RoW
o South America
o Middle East
o Africa
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
For further information, visit https://www.variantmarketresearch.com
You can connect with us on LinkedIn here @ https://www.linkedin.com/company/variant-market-research
Contact Us:
Variant Market Research
Web: https://www.variantmarketresearch.com
Tel: +1-415-680-2785
Tel: +91 20 65337795
Fax: +1-415-680-2786
Email: help@variantmarketresearch.com
Email: sales@variantmarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global DCS Will Be Driven By Emergence Of Open Sources DCS Solutions here
News-ID: 699879 • Views: …
More Releases from Variant Market Research
Global SCADA Market is Expected to Reach $48 Billion by 2024, Says Variant Marke …
Global SCADA Market Report, published by Variant Market Research, forecast that the global market is expected to reach $48 billion by 2024 from $31 billion in 2016; growing at a CAGR of 5.7% from 2016 to 2024. By geography, Rest of the World (RoW) and Asia Pacific are expected to grow at a CAGR of 6.6% and 6.4%, respectively, during the forecast period.
"SCADA Market (By Component: Programmable Logic Control, Human…
Global Baby Diapers Industry Outlook: Growth in Per Capita Income to Drive the M …
SAN FRANCISCO, Jun 06, 2018 According to the latest report published by Variant Market Research, the global baby diapers market size is projected to reach $72 Billion by 2024 from $48 Billion in 2016. In this report, baby diapers market forecast says that the global market is growing at 5.1% CAGR from 2016 to 2024.Geographically; Asia Pacific and RoW are expected to grow at a CAGR of 6.8% and 5.8%,…
High adoption in End-User Industries Drives Global Corrugated Packaging Market
SAN FRANCISCO, Jun 06, 2018 According to the latest report published by Variant Market Research, the global corrugated packaging market size is projected to reach $218 million by 2024 from $158 million in 2016. In this report, corrugated packaging market forecast says that the global market is growing at 4.1% CAGR from 2016 to 2024.
Click Here to Request a Free Sample PDF of This Report @ https://www.variantmarketresearch.com/report-categories/consumer-goods/corrugated-packaging-market/sample-request…
Cold Pain Therapy Market is boosted due to increased sports activities
According to a new report published by Variant Market Research, the global cold pain therapy market size is forecasted to reach $1,185 Million by 2024 from $824 Million in 2016, growing at a CAGR of 4.6% from 2016 to 2024. Geographically, Asia-Pacific and Europe are expected to grow at a CAGR of 6.3% and 4.4%, respectively, during the forecast period says the report.
Click Here to Request a Free Sample PDF…
More Releases for DCS
DEPARTMENT OF NAVY AWARDS the DCS Corporation (DCS) and SST Team a 5-year contra …
Spectrum Software Technology, Inc. (SST) as subcontractor to DCS Corporation (DCS), is proud to have been recently awarded a 5-year, Indefinite Delivery/Indefinite Quantity (IDIQ) award and task order by the Naval Air Warfare Center Aircraft Division (NAWCAD) for Technical, Engineering Products, and Software Services (TEPSS). The scope of this procurement includes research, design, engineering, development, analysis, prototyping, fabrication, integration, installation, test and evaluation, training, and logistic support for the hardware…
Distributed Control Systems (DCS) Market, New Research, Industry Analysis 2023
The emerging process industries are merely operated by advanced automation technologies such as distributed control systems (DCS). These systems are used as an extension of traditional controllers across the diversified range of industries. The main concept of DCS application is derived by the idea of decentralizing the control unit and establishing a common network between the engineering stations. In addition, integrating DCS with process plants enables it to control, report,…
Market Report 2017 “Distributed Control System” (DCS) Sales Research
"Global Distributed Control System Market (DCS) Sales Market Report 2017" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect.
. .
Description-
' …
Global Analysis PLC, SCADA, and DCS Training Market 2017-2021
"Global PLC, SCADA, and DCS Training Market 2017-2021" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect.
Description-
PLC is an important part of the automation control system. These systems are popular in the process and discrete industries. SCADA is a combination of systems that include software and hardware elements. These components are used to control industrial processes locally at a remote location; they are also…
Europe Distributed Control System (DCS) Industry 2016 Market Research Report
The Europe Distributed Control System (DCS) Industry 2016 Market Research Report is a professional and in-depth study on the current state of the Distributed Control System (DCS) industry.
The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Distributed Control System (DCS) market analysis is provided for the Europe markets including development trends, competitive landscape analysis, and key regions development status.
Request Sample Report…
2X RAS Selected As A Finalist For DCS Award
Dallas, TX and London, UK March 25th, 2015 – 2X by Parallels, a global leader in virtual desktop and application delivery solutions, today announced that 2X Remote Application Server has been selected as a finalist for the Datacentre ICT Management Product of the Year in the 2015 edition of the DCS awards.
2X RAS is in the running for another honor at the DCS awards
The DCS awards are designed to reward…