Distributed Control Systems (DCS) Market is Expected to Reach USD 19.8 Billion Globally in 2018: Transparency Market Research

Distributed Control Systems (DCS) Market is Expected to Reach USD 19.8 Billion
                Globally in 2018: Transparency Market Research

  PR Newswire

  ALBANY, New York, February 21, 2013

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

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.

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Some of the major end users of distributed control systems include oil and gas
industry, chemical industry, power industry, metal and mining industry,
pharmaceutical industry, water and waste-water treatment industry, paper and
pulp industry, and other processing industries. Owing to the increasing power
requirement and investment from governments in different power plant projects,
this segment is expected to remain the fastest growing segment during the
forecast period, growing at a CAGR of 5%. Distributed control systems are
largely used in the oil and gas industry to increase the production efficiency
and operating time of the process. Also, these systems help in reducing the
risk to human life. As a result, the oil and gas industry is expected to
remain the largest end user market for distributed control systems reaching
value of USD 5.1 billion by 2018.

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ABB Ltd has been the market leader since 2009 owing to a strong global
presence through acquisition of smaller companies as well as customized
offerings for variety of end users. Other leading players providing DCS
solutions include Siemens, Honeywell, Yokogawa, Emerson, Invensys, Rockwell,
and others.

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