Distributed Control Systems Market growth prospects 2022 and projected to reach $20.33 billion

According to the new market research report “Distributed Control Systems Market by Industry (Oil & Gas, Chemicals, Power Generation, Metals and Mining, Pharmaceutical, Paper and Pulp, Food and Beverage), Component (Hardware, Software, Services), Application, and Region - Global Forecast to 2022”, published by MarketsandMarkets™, The global distributed control system market is expected to grow at a CAGR of 4.97%, from 2017 to 2022, to reach a market size of USD 20.33 billion by 2022. Expanding industrial infrastructure in regions such as Asia Pacific, the Middle East, and Africa and the booming power sector and augmented power generation capacities worldwide are likely to drive the DCS market during the forecast period.

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The Distributed Control System Market is dominated by a few major players that are established brand names with a wide regional presence. The leading players in the Distributed Control System Market include ABB (Switzerland), Siemens (Germany), Honeywell (US), Yokogawa (Japan), Emerson (US), Schneider Electric (France), General Electric (US), Rockwell (US), Toshiba (Australia), Metso (Finland), Azbil (Japan), Novatech (US), Mitsubishi (Japan), Hitachi (Japan), Can-Technologies (Canada), CG Power (India), Chint Electric (China), Larsen & Toubro (India), Hyosung (South Korea), Andritz (Austria), Mobile Automation (Australia), HollySys (China), ZAT (Czech Republic), Concept Systems (US), and Ingeteam (Spain).

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The services segment is expected to be the fastest-growing segment of the DCS market, by component, from 2017 to 2022. This segment is expected to witness steady growth due to the need for plant optimization and replacement of existing distributed control systems in Europe and North America.

The power generation segment is estimated to be the fastest-growing segment of the DCS market, by end-use industry, from 2017 to 2022. Distributed Control System are used to control various power generation processes such as boiler side valves, fans, turbines valves, and boiler coal firing. Retrofit and modernization projects in Europe and North America are expected to contribute to the growth of the power generation market.

The continuous process segment of the Distributed Control System Market, by application, is estimated to grow at the highest CAGR from 2017 to 2022. The increased production of chemicals use in the nuclear and renewable sectors in the power generation industry, and need for process control in new refineries will drive the continuous process segment. 

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The Distributed Control System Market in Asia Pacific is projected to grow at the fastest rate from 2017 to 2022. Rapid economic growth in the region would lead to an increase in the demand for power. The increased investment in the power generation sector to meet the industrial and residential demand for electricity will boost the demand for DCS in the region.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Marine Engines Market growth prospects 2021 and projected to reach US$ 13.53 billion

According to the new market research report “Marine Engines Market by Power’000 HP (up to 1HP, 1-5HP, 5-10HP, 10-20HP & Above 20HP), Vessel Type (Commercial & Offshore Support Vessels), Fuel (Heavy Fuel, Intermediate Fuel, Marine Diesel & Marine Gas Oil), & Region - Global forecast to 2021”, published by MarketsandMarkets™, the global marine engines market was valued at USD 10.72 Billion in 2015 and estimated to grow at a CAGR of 3.85% from 2016 to 2021. Rise in commercial vessels and ship-building and increased demand for pleasure vessels are the major factors driving the growth in the marine engines market.

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Marine engines are used in various vessel types such as commercial vessels, offshore support vessels and other vessel types. The report indicated that high demand for commercial vessels will drive the growth in the marine engines market. The report further sub-segments commercial vessels into bulkers, container ships, cargo vessels, LNG carriers, LPG carriers, pure car carriers, chemical carriers among other commercial vessel types. The high demand for commercial vessels will be bolstered by rise in maritime trade and increased world-wide demand for natural gas.

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Scope of the Marine Engines Market Report

    By Vessel Type

·         Commercial vessels

·         Offshore support vessels

    By Fuel

·         Heavy Fuel Oil

·         Intermediate Fuel Oil

·         Marine Diesel Oil

·         Marine Gas Oil

    By Power

·         Up to 1,000 HP

·         1,001 HP to 5,000 HP

·         5,001 HP to 10,000 HP

·         10,001 to 20,000 HP

·         Above 20,000 HP

    By Region

·         North America

·         Europe

·         Asia-Pacific

·         Latin America

·         Middle East and Africa

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Slowdown in the oil & gas industry will be a factor that will affect the marine engines market. Low oil prices and decreased offshore exploration and extraction activities can lead to a slowdown in new ship-building orders and in turn restrain the marine engines market. Enforcement of stringent emission norms, especially for HFO-powered marine engines is also a factor that can greatly affect the marine engines market.

The marine engines market is dominated by global players which include, MAN Diesel & Turbo SE (Germany), Wärtsilä (Finland), Caterpillar, Inc. (U.S.), Mitsubishi Heavy Industries (Japan) and Rolls-Royce Power Systems AG (Germany). Key strategies adopted by various companies include contracts & agreements, new product launch, expansions, mergers & acquisitions, and joint ventures. Contracts & agreements was the most commonly used strategy from 2014 to 2016, comprising of 57% of all developments, followed by new product launch which consisted of 24% of all developments during the same period.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Busbar Trunking System Market growth prospects 2022 and projected to reach US$ 8.85 billion

According to the new market research report “Busbar Trunking System Market by End-User (Industrial, Commercial, Large Residential, and Transportation), Power Rating (Lighting, Low, Medium, and High), Conductor (Copper and Aluminum), Insulation (Air and Sandwich), and by Low Voltage Segment - Global Forecast to 2022”, published by MarketsandMarkets™, the busbar trunking system market is expected to grow at a CAGR of 6.88%, from 2017 to 2022, to reach a market size of USD 8.85 billion by 2022. Increased adoption of energy efficiency practices, various operational and technical advantages to the potential end-users, and growing demand for power are the major drivers of the busbar trunking system market.

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The busbar trunking system market is dominated by a few major players that have a wide regional presence and are established brand names. Leading players in the busbar trunking system market, such as ABB, Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric (France), General Electric (U.S.), and Eaton Corporation, Plc (Ireland), have either acquired regional companies or made a joint venture with the ones operating in the busbar trunking system market to bolster their product portfolio and to enhance their global reach.

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With regard to the end-user segment, the industrial sector is expected to constitute the fastest growing market from 2017 to 2022. There are several key areas in the industrial sector where busbar trunking systems are installed. For instance, they are used to deliver consistent power supply to the production floor. It is used by manufacturers of motor drives, fork lift trucks, welding machines, power generators, and industrial testing machines among others.

The report segments the busbar trunking system market, based on conductor type, into copper and aluminum conductors. The copper conductor would account for the maximum share in the busbar trunking system market. The energy efficient and compact nature of copper busbar trunking system makes it more suitable for applications such as high-rise buildings, shopping complexes, IT parks, manufacturing, and process industries. The aluminum conductor on the other side is cost effective as compared to copper busbar trunking systems, which makes it suitable for small and medium enterprises.

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Asia-Pacific is estimated to be the fastest growing market for busbar trunking systems from 2017 to 2022. Escalating demand for electricity and increasing government mandates in countries such as Japan, Australia, China, South Korea, and India are driving the demand for busbar trunking systems in this region. The growing power sector in India is also expected to spur the growth of the market and represents a promising opportunity for major busbar trunking system providers. India is expected to grow at the fastest rate during the forecast period. Countries such as Japan and China are also expected to witness a significant growth during the same period.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com