The distributed control system market in Asia Pacific was valued at US$ 5,831.3 million in 2018 and is projected to reach US$ 9,449.7 million by 2027; it is expected to grow at a CAGR of 5.7% during from 2019 to 2027 the forecast period.
The Asia Pacific (APAC) region is a technologically advanced region with the presence of tech-savvy countries, including China, India, Japan, South Korea, Australia, and others. These countries showcase a stupendous demand for advanced technologies, owing to the constant growth in economies. Governments and private organizations of these countries are investing significant amount to develop and procure advanced systems. The energy and power industry, food & beverage sector, the automotive industry, chemical & petrochemicals sector, and the pharmaceutical industry are some of the fast-growing industries in the region. The growing production in these sectors is leading to an increased demand for DCS, which is the key catalyzer for the growth of distributed control systems market.
The software segment by component held the largest share of the distributed control system market in Asia Pacific. DCS also consists of some optional supervisory software that performs production management and advanced control functions. This software resides in the supervisory DCS server. The DCS software component offers various advantages such as easy computation and analysis, greater flexibility, and better control over the plant. The increase in IT spending of the companies to improve the workflow and increase efficiency is the major factor influencing the growth of the DCS software market.
Overall size of the distributed control system market in Asia Pacific has been derived using primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the distributed control system market in Asia Pacific. It also provides an overview and forecast for the distributed control system based on all the segmentation provided with respect to Asia Pacific region. Also, primary interviews were conducted with industry participants and commentators in order to validate and analyze the data. The participants who take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the distributed control system. ABB Ltd, Emerson Electric Co, General Electric, and Rockwell Automation are among the key players present in the distributed control system market of Asia Pacific.
Reasons to Buy
The Asia Pacific (APAC) region is a technologically advanced region with the presence of tech-savvy countries, including China, India, Japan, South Korea, Australia, and others. These countries showcase a stupendous demand for advanced technologies, owing to the constant growth in economies. Governments and private organizations of these countries are investing significant amount to develop and procure advanced systems. The energy and power industry, food & beverage sector, the automotive industry, chemical & petrochemicals sector, and the pharmaceutical industry are some of the fast-growing industries in the region. The growing production in these sectors is leading to an increased demand for DCS, which is the key catalyzer for the growth of distributed control systems market.
The software segment by component held the largest share of the distributed control system market in Asia Pacific. DCS also consists of some optional supervisory software that performs production management and advanced control functions. This software resides in the supervisory DCS server. The DCS software component offers various advantages such as easy computation and analysis, greater flexibility, and better control over the plant. The increase in IT spending of the companies to improve the workflow and increase efficiency is the major factor influencing the growth of the DCS software market.
Overall size of the distributed control system market in Asia Pacific has been derived using primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the distributed control system market in Asia Pacific. It also provides an overview and forecast for the distributed control system based on all the segmentation provided with respect to Asia Pacific region. Also, primary interviews were conducted with industry participants and commentators in order to validate and analyze the data. The participants who take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the distributed control system. ABB Ltd, Emerson Electric Co, General Electric, and Rockwell Automation are among the key players present in the distributed control system market of Asia Pacific.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments of the distributed control system market in Asia Pacific.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends of the distributed control system market of Asia Pacific, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth in developed and emerging markets
- Scrutinize in-depth market trends in Asia Pacific and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. Distributed control systems - Market Landscape
5. Distributed Control Systems Market - Market Dynamics
6. Distributed Control Systems Market - Asia-Pacific Market Analysis
7. Distributed Control System Market Analysis - By Component
8. Distributed Control System Market Analysis - By Industry Vertical
9. Asia-Pacific Distributed Control System Market - Country Analysis
10. Industry Landscape
11. Company Profiles
12. Appendix
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB LTD
- Emerson Electric CO
- General Electric
- Honeywell International Inc
- Novatech, LLC
- Rockwell Automation, Inc
- Schneider Electric SE
- Siemens AG
- Toshiba Corporation
- Yogokawa Electric Corporation
