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
Endress+Hauser opens office in Finland
Endress+Hauser Oy will be the exclusive provider of Endress+Hauser field devices and related solutions and services in the Finnish market.
AbraxSys Expands Its LCD Product Line with New Open Frame Monitors for Industrial and Commercial...
AbraxSys has expanded its product line announcing new open frame monitors with industrial LCDs to provide industrial OEMs, automation control and...
ISA introduces cybersecurity courses and certificate programs
Courses include Using the ANSI/ISA-62443 Standards to Secure Your Industrial Control System); Cybersecurity for Automation, Control, and SCADA...
QC Industries' HydroClean Sanitary conveyors are BISSC certified
BISSC certifies that the conveyors conform to the American National Standards Institute (ANSI) qualification for design of bakery equipment.
Carbon and Energy Software Market Expected to Reach $984.5 M by 2022
The global carbon and energy software market, in terms of revenue, was valued at US$ 369.7 Mn in 2013 and is forecast to grow at a CAGR of 11.5%...
Streamline Device Commissioning
By Scott Hokeness, Emerson Process Management
Typical device commissioning processes are time-consuming and potentially error-prone. This...
A Practical Guide to Improving Temperature Measurement Accuracy
By Gary Prentice, Moore Industries
White paper shows how to select the best sensor for a particular application and ways to improve the accuracy...
Introduction to Safety Critical System Design
By Wayne Mcgee and Bill Ripley, Creative Electronic Systems
Well beyond reliable, safety-critical systems must do no harm—to...
Process skid standardization: What manufacturers want
By Dan Hebert
The main components of a skid’s automation system interfacing to a plant-wide control system are the HMI, the...
Hydrotech announces fluid power website
Site provides access to 53,000 products. Visitors can search by function, part number, model number, or brand