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.