Distributed Control Systems Market Revenue, Business Opportunity, Segment And Updated Key Trends

The distributed control systems market is driven by factors such as the booming power sector and augmented power generation capacities worldwide, growing industrial infrastructure in regions such as Asia Pacific, the Middle East, and Africa, and increased use of renewable and nuclear energy for power generation.

“The distributed control systems (DCS) market is expected to grow from an estimated USD 15.95 Billion in 2017 to USD 20.33 Billion by 2022, at a CAGR of 4.97%.”

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The software segment is expected to account for the largest share of the DCS market, by component, during the forecast period

The continuous process segment is expected to be the largest DCS market in 2017

Asia Pacific is expected to be the leading DCS market during the forecast period

Target Audience:

The report’s target audience includes:

·         DCS manufacturers and suppliers

·         Government and research organizations

·         National and local government organizations

·         Technology providers

·         Institutional investors

·         Associations

Scope of the Report:

    Distributed Control Systems Market, By Component:

·         Hardware

·         Software

·         Services

Distributed Control Systems Market, By Application:

·         Continuous Process

·         Batch-Oriented Process

Distributed Control Systems Market, By Region:

·         North America

·         Europe

·         Asia Pacific

·         Middle East

·         South America

·         Africa

Access full report summary along with TOC – https://www.marketsandmarkets.com/Market-Reports/distributed-control-system-market-239430160.html

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the DCS market. These 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).

Objectives of the Study:

·         To define, describe, and forecast the DCS market by component, application, end-use industry, and region

·         To provide detailed information regarding the major factors influencing the growth of the DCS market (drivers, restraints, opportunities, and industry-specific challenges)

·         To strategically analyze the DCS market with respect to individual growth trends, future prospects, and the contribution of each segment to the market

·         To track and analyze competitive developments, such as contracts & agreements and partnerships and collaborations, in the DCS market

·         To strategically profile key players and comprehensively analyze their market shares and core competencies

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.

Contact:

Mr. Shelly Singh

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Northbrook, IL 60062

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newsletter@marketsandmarkets.com

Surge Protection Devices Market 2022: Power Quality Issues and Electronic Devices on Wheels - Industrial Segment to Drive highest CAGR

The growing demand for surge protection systems for electronic devices, power quality issues, a rise in alternative energy programs, and cost escalation due to frequent equipment failures are the major factors driving the surge protection devices market.

“The surge protection devices market is expected to grow from an estimated USD 2.06 Billion in 2017 to USD 2.68 Billion by 2022, registering a CAGR of 5.47%, from 2017 to 2022.”

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The global market is set to witness significant growth due to growing demand for protection systems for electronic devices, power quality issues, a rise in alternative energy programs, and cost escalation due to frequent equipment failures. 

The industry segment is expected to hold the largest share of the surge protection devices market, by application, during the forecast period

The Industry 4.0 initiative is being applied to vehicles and electrical machinery in order to facilitate remote diagnostics, remote maintenance, and remote data capture. Such initiatives have increased the need for datacenters, servers, and communication systems. With the increasing use of electronic equipment, the need for protection systems for such critical equipment has been increasing. This is driving the market for surge protection devices in the industrial segment, which is expected to create new revenue pockets for the surge protection devices market during the forecast period.

Hard-wired SPDs to be the fastest growing segment in the surge protection devices market
Europe: The leading market for surge protection devices

The European market is expected to dominate the global surge protection devices market with a number of European countries investing in various protection systems for urbanized infrastructure development. Industry 4.0 is a European strategic initiative to digitally transform the industrial, IT, and manufacturing industries. Intelligent ICT-based machines, systems, and networks, capable of independently exchanging and responding to information to manage industrial production processes, are being implemented for production efficiency. There is an increasing trend of manufacturing facilities shifting their operations to low production areas such as Eastern Europe.

Objectives of the study:

• To define, describe, and forecast the global surge protection devices market by type, end-user, discharge current, and region
• To provide detailed information regarding the major factors influencing the growth of the surge protection devices market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the surge protection devices market with respect to individual growth trends, future prospects, and contribution of each segment to the market
• To strategically profile key players and comprehensively analyze their market shares and core competencies
• To analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the surge protection devices market

Access full report summary along with TOC – https://www.marketsandmarkets.com/Market-Reports/surge-protection-device-market-89236426.html

The leading players in the surge protection devices market include Siemens AG (Germany), Eaton Corporation, Plc. (Ireland), Littelfuse, Inc. (U.S.), ABB, Ltd. (Switzerland), and Schneider Electric SE (France). The leading players are trying to make inroads in the markets in developed economies, and are adopting various strategies to increase their market shares.

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.

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

Momentum Growing Rapidly in Variable Speed Generator Market

The global variable speed generator market is projected to reach USD 8.36 billion by 2022, growing at a CAGR of 7.63%, from an estimated USD 5.79 billion in 2017. The growth of this market is majorly driven by rising alternative energy programs, increasing government mandates over energy efficiency, and growing industrialization and urbanization. 

Market Ecosystem:

The leading players in the variable speed generator market include ABB (Switzerland), GE (US), Siemens (Germany), Wartsila (Finland), Cummins (US), and Rolls Royce (UK). The leading players are trying to make inroads in the markets in the developed economies and are adopting various strategies to increase their market shares. 

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Europe is expected to be the fastest-growing market for variable speed generators from 2017 to 2022. According to the European Wind Energy Association (EWEA), Europe accounts for more than 90% of the world’s installed offshore wind capacity. This is supported by the European Wind Initiative (EWI), a wind energy research and development program developed to take the wind industry to the next level in Europe. The countries in the EU are primarily focusing on upgrading their aging electrical infrastructure. Furthermore, the governments of these countries are promoting power generation through renewable energy sources. The tender volumes in Europe are set to increase at a faster pace with 5 GW being auctioned in Germany, the UK, and France. Construction activity in 2017 is also set to increase in terms of installed wind capacity. According to WindEurope, the association for wind energy in Europe, an installation of more than 3.5 GW of offshore wind capacity is expected in the region in 2017, with maximum installations in Germany, the UK, Belgium, and Denmark. This would contribute to the target of reaching 25 GW of offshore wind capacity by 2020. The growing number of alternative energy programs, along with the European Union’s proposed stage V emission standards to further tighten emission norms for non-road engines, will drive the market for variable speed generators for wind power and diesel and gas-based variable speed gensets.

The report segments the variable speed generator market, by generator type, into doubly fed induction generator (DFIG), permanent magnet synchronous generator (PMSG), variable speed-self excited induction generator (SEIG), and wound rotor induction generator (WRIG). The permanent magnet synchronous generator (PMSG) segment is expected to grow at the highest CAGR during the forecast period. The increasing adoption of the PMSG technology for wind power generation as well as diesel-electric gensets is driving the growth of the PMSG segment. 

The variable speed generator market, by end user, is segmented into renewable power generation, hydroelectric power generation, marine and shipbuilding, oil & gas and mining, commercial and residential, defense, aerospace, co-generation, telecommunications, and industrial standby power. The commercial and residential segment is expected to grow at the highest CAGR during the forecast period. This segment is primarily driven by the demand for efficient variable speed standby gensets for commercial and residential applications in Europe, Asia Pacific, and North America. 

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The variable speed generator market, by prime mover, is segmented into wind turbine, hydro turbine, gas and steam turbine, and internal combustion (IC) engine. The IC engines segment is expected to grow at the highest CAGR during the forecast period. The increasing implementation of variable speed generators for aerospace and marine applications is expected to drive the market.

The variable speed generator market, by power rating, is segmented into up to 100 kVA, 100 kVA–1 MVA, 1 MVA–25 MVA, and above 25 MVA. The 1 MVA–25 MVA segment is expected to grow at the highest CAGR from 2017 to 2022. The increasing capacity addition in offshore wind projects and the commercialization of high power rated permanent magnet synchronous generators will create new revenue pockets for this segment.