This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Distributed Control Systems (DCS) Market Is Expected To Reach USD 19.8 Billion Globally In 2018: Transparency Market Research

ALBANY, New York, February 21, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research ( http://www.transparencymarketresearch.com) "Distributed Control Systems Market - Global Industry Analysis, Size, Share, Trends and Forecast, 2012 - 2018," the global distributed control systems (DCS) market is expected to reach USD 19.8 billion by 2018, growing at a CAGR of 3.9% from 2012 to 2018. The oil and gas industry remained the largest end user industry for distributed control systems and accounted for more than 20% of the global market in 2012; however, power industry will be the fastest growing end use segment due to faster adoption of DCS in the industry. Asia Pacific is the fastest growing market for distributed control systems as it is the base for a number of companies using DCS solutions.

Browse the full report at  http://www.transparencymarketresearch.com/distributed-control-systems-market.html  

Most distributed control systems were installed during the 1980s in Europe and North America. These systems are reaching the end of their reasonable lifecycle, thus creating the need to upgrade or replace them with technologically advanced systems. In addition, increasing industrialization in developing regions of Asia Pacific, there is an increased demand for distributed control systems. Emergence of open source solutions is helping small and mid-sized enterprises to reap the benefits of DCS software solutions, thus contributing to the market growth.

The global DCS market is segmented into three major categories based on components, namely hardware, software, and services. DCS software remained the largest market and held more than half of the global market share in 2012. DCS hardware market is expected to remain the fastest growing segment owing to the installation of manufacturing and production units of different companies.

Related & Recently Published Reports by Transparency Market Research

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs