Research Nester published a report titled “Distributed Control Systems Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers a detailed overview of the global distributed control systems market in terms of market segmentation by component, end-use industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the market.
The global distributed control systems market is estimated to occupy a sizeable amount of revenue by recording a CAGR of ~4% during the forecast period, i.e., 2022 – 2030, owing to the increasing progress of power sector, and growing power generation capabilities around the world. Apart from these, escalating adoption of smart applications and IoT, and rising demand for multi-functional microelectronics globally are also expected to drive market growth in the upcoming years.
The market is segmented by component and end use industry. Based on component, the services segment is anticipated to grab the largest market share during the forecast period on the back of the surge in number of service providers and DCS projects. Additionally, by end use industry, the power generation segment is projected to gather the largest share over the forecast period ascribing to the rising number of modernization and retrofit initiatives in the European and North American continents.
Download Sample of This Strategic Report@ https://www.researchnester.com/sample-request-3675
Geographically, the global distributed control systems market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab the largest share in the market during the forecast period attributing to the high production and demand for shale gas, and robust growth of manufacturing industry in the region. Moreover, Asia Pacific is predicted to register noteworthy market growth over the forecast period ascribing to the growing power demand, and increasing investments in power generation sector in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rapidly Booming Power Sector Across the World to Boost Market Growth
As per the data provided by the International Energy Agency, 1918.8 Mtoe of electricity was consumed across the globe in 2018, which rose up from 1845.2 Mtoe in the year 2017.
Over the last few years, the world has witnessed a steady rise in the demand for power. As a result, substantial investments had been made in this sector, especially in Asia Pacific and the Middle East. DCS is a crucial component of power generation processes, which in turn is projected to raise the demand for distributed control systems significantly in the near future.
However, high availability of low-cost materials is expected to operate as key restraint to the growth of the global distributed control systems market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global distributed control systems market which includes company profiling of ABB, Ltd., Honeywell International, Inc., Siemens AG, Toshiba Corporation, General Electric Company, Emerson Electric Company, Yokogawa Electric Company, Schneider Electric SE, Rockwell Automation, Inc., Larsen & Toubro Ltd, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global distributed control systems market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
More Information@
https://www.researchnester.com/reports/distributed-control-systems-market/3675
About Research Nester
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
Contact for more Info:
AJ Daniel
Email: [email protected]
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919