Asia-Pacific is expected to be the largest DCS market and is expected to have the highest growth during the coming 10 years. This is one of the estimations that is reported in the a new market research report “Distributed Control System Market by Industry (Oil & Gas, Chemicals, Power Generation, Metals & Mining, Pharmaceutical, Paper & Pulp, Food & Beverage), by Component (Hardware, Software, & Services), by Application, and by Region – Global Forecast to 2020”.
Another estimation that is mentioned in the report, is that North America is expected to be the second largest market, because of the use of DCS in sectors like oil & gas.
Process industry to lead the market
One of the fastest growing applications for the DCS market, is the process industry. The process industry includes industries like oil & gas, chemicals, power generation, water & wastewater treatment. The reasons for this big grow expectations is the very attractive outlook for the nuclear sector, increasing production of chemicals and high demand for the desalination industry.
Middle East is Key
Because of the growth of the World Economy, the Middle East is a region where big growth is expected. The Middle East Region has been focusing more and more on creating manufacturing capabilities.
The main reason is because of the fact that the region is changing from a raw material supplier, to a provider of finished goods. This outlook will give the DCS industry a big boost in the Middle East region.
Highest growth: power industry
Because of growing welfare of countries in Asia-Pacific, like China and India, there is a growing demand of electricity. Because of this, there is a growing demand of DCS for process automation of power plants. A large number of PLC’s, third-party controls, safety systems, HMIs need to be controlled from one control room and that is where companies will need a DCS.
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