Global Distributed Control Systems (DCS) Markets estimated to reach $ global-distributed-control-systems-markets-estimat

Global Distributed Control Systems (DCS) Markets estimated to reach $24billion
and growing at a CAGR of 4.5% up to 2024, says Variant Market Research.
A Distributed Control System uses custom designed processors as controllers and
uses both proprietary interconnections and communications protocol for
communication. Various industries such as water management systems, oil refining
plants, chemical plants, electrical power grids and electrical generation plants,
pharmaceutical manufacturing and others pose a huge demand for DCS to monitor and
control distributed equipment.
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Growth in energy generation based on renewable resources, emergence of open
sources DCS solutions, and cost and time effectiveness are the major factors supporting
the growth of the global distributed control systems market. However, slow industrial
growth in developed economies would act as a restraint for the market. Rapid
industrialization and technological advancement would provide several growth
opportunities for the global DCS market in the coming years.
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