DUBLIN--(BUSINESS WIRE)--The "Distributed Control Systems Market by Industry, Component, Application, and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.
The DCS market is projected to reach USD 20.33 billion by 2022, growing at a CAGR of 4.97%, from 2017 to 2022
The booming power sector and augmented power generation capacities worldwide, along with the increased use of renewable and nuclear energy for power generation, are expected to drive the DCS market. The adoption of the Industrial Internet of Things (IIoT) for real-time decision provides an opportunity for the DCS market.
The services segment of the DCS market, by architecture, is estimated to be the fastest growing market from 2017 to 2022. The services segment includes maintenance, installation, upgradation services, plant asset management, alarm management, lifecycle services, migration services, consulting services, simulation and training services, and technical assistance. Plant optimization is one of the key factors driving the services segment of the DCS market during the forecast period.
Asia Pacific is the largest market for DCS, followed by North America and the Middle East. Rising investments in the power generation sector and industrial infrastructure will drive the DCS market in the region. China is estimated to be the fastest growing market in Asia Pacific, followed by the markets in India and Japan, during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Distributed Control System Market, By Component
7 DCS Market, By End-Use Industry
8 Distributed Control System Market, By Application
9 Distributed Control System Market, By Region
10 Competitive Landscape
11 Company Profiles
- General Electric
- Schneider Electric
For more information about this report visit https://www.researchandmarkets.com/research/lkl49v/distributed