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Asia Pacific Distributed Control Systems Market Will Exceed Other Regions in 2014 PDF Print E-mail
Wednesday, 04 January 2012 10:54

IMS Research predicts that, Asia Pacific will overtake EMEA in 2014 to become the largest market for distributed control systems (DCS). Revenues from the regional market will reach around $7.3 billion in 2015, 37% of the global total.

Until 2009, Asia Pacific was still the smallest regional DCS market.  However it has grown quickly in the last few years, particularly in China and India. Although DCS revenues in EMEA and the Americas fell in the 2009 recession, the market in Asia Pacific still managed to continue to grow, despite a decline in Japan.  In this market, much of the revenues from Asia can be attributed to DCS hardware bought for greenfield projects, as China and India are addressing the energy and infrastructure needs of a growing population with more disposable income, and of continued urbanization.  

Kiran Patel, Market Analyst at IMS Research explains this trend.  “Governments have been addressing the needs of the population with investment in various large-scale projects designed to provide more power and energy”.  Patel continues: “This will be reflected in the above-average growth in DCS product revenues in the petrochemical, oil & gas, and power industries of the region. Plans in Asia Pacific to expand or install nuclear power capacity were much less affected than those of other parts of the world, by 2011’s Fukushima disaster in Japan. With higher disposable incomes, the demand for processed food and drink is projected to increase; thus sales of DCS for food and beverage processing equipment are also projected to grow at an above average rate. The investment in China is centered on its 12th Five Year-Plan, which addresses the growing need to shift China’s dependency on export to the development of an internal market.  In 2013, revenues in China from DCS products are projected to higher than those in Japan.”

 

IMS Research

IMS Research,market research,electrical industry,www.thepanelbuilder.co.uk

 

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