Global Distributed Control Systems Market 2020 Research Report Available at Grand View Research, Inc.
The global Distribution Control Systems (DCS) market is expected to reach USD 20.39 billion by 2020, according to a new study by Grand View Research, Inc. Increased DCS use in industrial applications such as power generation, water and waste water, pharmaceuticals, oil and gas, chemicals, and paper and pulp is expected to drive the market over the forecast period. Growing demand for power has resulted in the set up of new power generation stations and upgradation of existing ones by various governments, which is expected to favorably impact DCS demand.
Cost effectiveness, development of open source DCS and ability of implementation in hazardous environments are further expected to boost market growth. Need for technical expertise and lack of differentiation among specific DCS products are expected to pose a challenge for industry participants over the next six years.
For the purpose of this study, Grand View Research has segmented the global distributed control systems market on the basis of product, end-use industry and region:
• Distribution Control Systems Product Outlook (Revenue, 2012 – 2020)
• Distribution Control Systems End-Use Industry Outlook (Revenue, 2012 – 2020)
• Metal and Mining
• Oil and Gas
• Pulp and Paper
• Water and Waste Water Treatment
• Distribution Control Systems Regional Outlook (Revenue, 2012 – 2020)
• North America
• Asia Pacific
Browse Full Report With TOC @ http://www.grandviewresearch.com/industry-analysis/distributed-control-systems-market
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.