Press release
Distributed Control System Market: Top Key Players Business Strategies Boosting the Growth of Global Market
Market HighlightsThe DCS system has the networking capabilities which are useful in the process management. The inputs and outputs can be analog signal or discrete signal. The global Distributed Control System market is expected to grow at a CAGR of XX% during the forecast period.
DCS Market:
Increased application in the end use industries such as Oil & Gas, Water & Wastewater, and Chemicals among others has significantly contributed to the increasing demand in the DCM market. Distribution Control Systems enables the user to monitor and control business operations much more systematically. Rapidly growing acceptance of DCS in the energy & power industry has also resulted in the growth of the DCS market.
Key Players
Some of the key players profiled in the industrial boilers market are
• Babcock & Wilcox Co. (U.S.),
• Thermax Ltd. (India),
• GE Alstom SA.(France),
• Doosan Heavy Industries & Construction (South Korea),
• Siemens AG (Germany),
• IHI Corporation (Japan),
• Dongfang Electric Corporation Ltd. (China),
• Bharat Heavy Electricals Ltd.(India),
• Harbin Power Equipment Co. Ltd.(China),
• Mitsubishi Heavy Industries Ltd.(Japan),
• Hitachi Ltd.(Japan).
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Market Research Analysis:
Asia-Pacific was estimated to be the largest market for distributed control system in 2015. It is also expected to grow at highest rate during the forecast period. The Middle East & Africa region is also projected to experience rapid growth during the forecast period.
DCS software held the major share within the Global DCS Market
DCS software segment is expected to dominate the market with nearly half of the market share. The recent trend of replacing old control systems with new Distributed Control Systems is expected to act as a major driver for the DCS market. DCS hardware has also emerged as one of the faster growth segments, further with the rapid integration of DCS in the end use industries such as Oil & Gas, energy & power, chemicals and waste water treatment among others is expected to significantly boost the DCS market.
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About US
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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