Distributed control market eyes strong growth
The Distributed Control Systems market, primarily buoyed by growth in developing countries such as China and India and a slowdown in hardware price declines, has experienced healthy growth between 2003 and 2004. www.arcweb.com/res/dcsww ).
Growth in China and India is compounded by the fact that significant restructuring efforts will need to be made in the North American oil & gas and refining infrastructure in the wake of an unprecedented hurricane season, as well as a return to stronger, albeit moderate growth, in the previously depressed Japanese DCS market.
witnessed in the hardware business in recent years. Most DCS suppliers have retained key business elements of manufacturing and/or design of control hardware," said ARC Research Director Larry O'Brien.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey