Europe Distributed Control System Market Size, Growth Opportunities, Trends by Manufacturers, Regions, Application & Forecast to 2027
Low cost and time-effectiveness associated with DCS is one of the prominent factors impelling the market growth. However, stagnant growth in the oil and gas industries may impede the growth of the distributed control systems market during the forecast period. Nevertheless, improving industrial infrastructure in developing nations is likely to garner significant opportunities for the key players operating in the in the coming years.
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Electricity is one of the fastest growing sources of energy worldwide. Increasing industrialization and economic development are triggering the demand for electricity at an impressive pace in developing and underdeveloped regions. The power sector is attracting more investments compared to oil and gas sectors, majorly due to power infrastructure development, up gradation of ageing infrastructure, changing energy requirements, clean energy initiatives, and urbanization, which in turn is likely to drive the growth of European distributed control system market.
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Distributed Control System Market–Segmentation
Distributed Control System Market by Component
- Hardware
- Software
- Services
Distributed Control System Market by Industry Vertical
- Power Generation
- Oil and Gas
- Pharmaceutical
- Food and Beverages
- Chemicals
- Others
The List of Companies – Distributed Control System Market
- 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
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