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
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