DCS Market growing in India
December 21, 2012: India’s domestic demand driven market propels rapid industrialization and economic growth. Growth is further regulated by monetary and fiscal policies. While the economy of India has slowed down due to weakening external demand, the robust domestic demand continues to remain strong. Due to its domestic-demand-driven economy, India has emerged as one of the fastest growing economies in the world. Considering the promising growth prospects in India, ARC forecasts the robust growth of the Distributed Control Systems (DCS) market.
While the expanding electric power industry provides the best growth opportunity for DCS suppliers in India, the growth in metals & mining, refining, oil & gas, petrochemical, and chemicals industries is also alluring suppliers. These industries are growing and numerous companies are planning to expand their existing capacities through greenfield and brownfield projects. Modernizations of production facilities along with process automation system revamps are also creating excellent opportunities for DCS suppliers in India. However, suppliers face challenges in India due to the high price-sensitivity of the market.
The DCS Market Will Continue to Grow in India
According to ARC Advisory Group’s research, the total distributed control systems market in India will exceed $800 million in 2016. ARC’s latest study, “Distributed Control Systems for India Market Research Study” provides an in-depth analysis of the DCS business in India. In addition to market analysis and forecasts, the study also covers the current market nuances, strategic issues, and the future outlook. The report also highlights the factors that influence the DCS market in India and its dynamics.
In 2010, ARC saw DCS revenue in India increase over 25 percent from 2009. The first half of 2011 showed signs of robustness returning to the economy. However, by midyear, markets reflected lack of confidence and indicators showed the overall economy remaining sluggish. The strong order books in 2010 and the first half of 2011 generated a good DCS revenue year in 2011, with revenue increasing in double digits over 2010.
According to G. Ganapathiraman, Country Manager, ARC Advisory Group, India and co-author of this study, “India’s economy continues to grow despite external headwinds. The growth of industries, such as electric power, chemicals, and oil & gas are leading reasons for growth in the DCS business in India.”
About ARC: Founded in 1986, ARC Advisory Group is the leading research and advisory firm for industry. Our coverage of technology from business systems to product and asset lifecycle management, supply chain management, operations management, and automation systems makes us the go-to firm for business and IT executives around the world. For the complex business issues facing organizations today, our analysts have the industry knowledge and first-hand experience to help our clients find the best answers.
MORE INDUSTRY NEWS
Deutschmann UNIGATE gateways certified for Profinet
The entire Deutschmann Automation UNIGATE series for Profinet is now certified according to Profinet specifications.
COPA-DATA shows HMI/SCADA solutions at Hannover Messe
Visit COPA-DATA from April 13 - 17, 2015 in Hall 7, Booth C48 (at the Microsoft booth).
Industry Newsletter February 2015
Increasing Secomea forces, Secomea at the SIAF in China and New SiteManager with integrated Wifi
Industry Newsletter December 2014
Season's greetings, Embracing all of the Scandinavian market and Unrivaled Alert Notifications
Manufacturing Institute issues 419,000 Certifications Since 2011
Over the past year, the Institute and its partners have issued 129,084 certifications, bringing the total to 419,528 certifications issued since...
Registration opens for ISA’s 60th Analysis Division Symposium
The 2015 Analysis Division Symposium will explore the latest advances in analytical processes, techniques, and applications 26-30 April 2015 in...
Top 5 problems with HMIs
By Jonathan Wilkins, European Automation
The static days of the monolithic monitor are beginning to make way for smaller, portable interfaces that...
Xothermic diagnoses failure at glass manufacturing plant
Xothermic used B-Scada’s Status Enterprise software to identify a failed thermocouple in a furnace at the unidentified glass plant.
New Historian Simplifies Data Capture & Analysis
By Bill Lydon, Editor
Kepware Technologies recently introduced a new Local Historian Plug-In for the KEPServerEX communications platform and a...
Renewable energy research facility power monitor
By Jennifer Palumbo, Optimation Technology
NREL researchers needed a system for monitoring power usage and controlling safety systems for...