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
HyperionRSI to supply Operator Training Simulator to Combined Cycle Power Plant
The simulator will be installed at the Training Center of Saline Water Conversion Corporation (SWCC), in Saudi Arabia.
RIA appoints Carole Franklin Director of Standards Development
Franklin is an expert project manager and facilitator whose work with consulting firm Booz Allen Hamilton included process improvement and...
Endress+Hauser starts Open Integration partner program
The program includes AUMA, HIMA Paul Hildebrandt, Honeywell Process Solutions, Mitsubishi Electric, Pepperl+Fuchs, Rockwell Automation, R. STAHL...
Rockwell Automation updates Integrated Architecture Portfolio
The portfolio includes an Allen-Bradley controller, graphic terminal, servo drive and distributed I/O system, as well as the latest release of the...
Automation Fair show report
More than 18,000 people attended the 2015 Automation Fair in Chicago, IL.
Rockwell Automation offers Batch Application Toolkit
Free toolkit contains a collection of application examples, videos, documentation and ISA-88 compliant sample code to provide technical guidance...
HIMA upgrades safety at Aspropyrgos refinery
Greek oil company installs six HIMA safety systems to protect the refinery’s FCC complex, LPG spheres and circulation network, diesel...
Simulation: A game-like approach to innovation
By Alvaro Gill
The low price of oil has caused hydrocarbon companies to look at innovative ways of reducing their costs....
Disaster — Prepare For The Worst And Then Be Ready When It Happens
By Jason Gargala, Ottawa Kent
Businesses unprepared when disaster strikes are often forced into bankruptcy because they are unable to absorb...
Succeed at pH Troubleshooting
By Cherlyn Marlow, Yokogawa