Albany, NY -- (SBWire) -- 10/04/2018 --Transparency Market Research's report "Distributed Control Systems Market – Global Industry Analysis, Size, Share, Trends And Forecast 2012 – 2018" delivers key insights of the DCS market. According to this report, the global distributed control systems market is estimated to reach a market value of US$19.8 billion by 2018 and demonstrate a CAGR of 3.9% during the forecast period from 2012 to 2018.The global distributed control systems market is majorly driven by its elevated use in the oil and gas industry. The report states that the oil and gas industry in the global distributed control systems (DCS) market will reach an estimated value of US$5.1 billion by end of 2018.
PDF brochure For Future Advancements @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=542
The oil and gas industry is the leading end user of the distributed control systems (DCS) market and contributed to 20% of the market revenue. However, it is expected that the demand for power which falls under the other end user segment will outpace the oil and gas industry in terms of share in the coming few years. This shift will occur due to the rapidly growing acceptance of distributed control systems in the power industry. The power plant segment in the global distributed control systems market will grow at the highest CAGR of 5% during the forecasting horizon.Other end-user industries of the global distributed control systems (DCS) market are chemicals, metal and mining, waste and wastewater treatment, pulp and paper, pharmaceutical, and other process industries. These industries are witnessing a rising demand for manufacturing owing to which their power consumption has significantly increased. As a consequence, the increment in power demand will also fuel investments from a number of state-owned bodies in the global distributed control systems (DCS) market.
Download Table Of Content @ https://www.transparencymarketresearch.com/report-toc/542
Distributed Control Systems Market Is Driven by Its Elevated Use in the Oil and Gas Industry