subject: Distributed Control Systems (DCS) for Thermal Power Plants - Global Market Size, Equipment Market Share, Competitive Landscape to 2020 [print this page] Distributed Control Systems (DCS) for Thermal Power Plants - Global Market Size, Equipment Market Share, Competitive Landscape to 2020
Report Reserve announces inclusion of a new market research report to its premium store.
GlobalData's "Distributed Control Systems (DCS) for Thermal Power Plants - Global Market Size, Equipment Market Share, Competitive Landscape to 2020" gives detailed information on the Global DCS market in thermal power plant and provides historical and forecast numbers for revenues up to 2020. The research analyzes trends in this market and also detailed analysis for the leading countries in for the thermal power plant DCS market. This coupled with competitive benchmarking of the top market participants provides a comprehensive understanding of the market's competitive scenario.
Distributed Control System refers to a control system or a dynamic system that allows for control of elements that are not central to the location and it is usually present for manufacturing systems. It is widely used in various industries to monitor and control discrete and distributed equipments and processes.
Strong growth in the Global thermal power plant DCS market
The automation market has always been a strong and growing market globally. In the process automation product segment, distributed control systems (DCS) account for a major share of the revenue generated. Among the DCS products, DCS for power plant systems accounted for the largest share of revenue. During the historical period 2000-2010, the thermal power plant DCS market grew at a CAGR of 7.9% from $1,270.2m to $2,711.4m in 2010. It was largely unaffected by global recession as compared to other equipment markets in the power generation systems. GlobalData forecasts, the global thermal power plant DCS market to show strong growth rate until 2020. The automation market will continue to grow strong because of the need for more efficient system requirements, stronger regulation and other external factors that are covered in the report.
Global DCS market ($m), 2000- 2010
Source: GlobalData
Asia- Pcific- the fastest growing market for thermal power plant DCS market in the World
In 2000, Europe was the highest revenue generating region followed by North America. Asia Pacific accounted for only 23.7% of the total revenue. However, currently, the region ahs become the highest revenue generating region after overtaking Europe and North America. Asia- Pacific region represents a lot of untapped potential for the automation industry and specifically, thermal power plant DCS market. The market has historically grown at a CAGR of 11.7% between 2000 and 2010 to $875.7m market. The region is expected to increase its revenue share dominance in the thermal power plant DCS market in the future. The Asia- Pacific market would be strongly driven by the Chinese DCS market growth, follow.
Asia-Pacific DCS Market Size ($m), 2000- 2010
Source: GlobalData
ABB leads automation for Distributed Control System
ABB has the biggest market share in the distributed control systems. They have a very strong presence in the global thermal power plant DCS market as well. Their large presence throughout the power generation market, which includes, equipment, control systems, turnkey plant solutions to mention a few, gives them an edge over other automation players like Emerson, Invensys, Yokogawa and Honeywell. The company was established with the merger of ASEA AB of Vasteras (Sweden) and BBC Brown Boveri Ltd. (Switzerland) in 1988. ABB has strong presence in all the three regions, namely, Europe, Asia-Pacific and North America. For more details, please vist http://www.reportreserve.com/reportdet.php?company=GlobalData&reportid=13204
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