India's Control Systems Market Will Double By 2009

Nov. 18, 2005
Real time integration of information between manufacturing and business systems will experience a dramatic increase in India over the next few years, according to a study by Dedham, Ma.-based ARC Advisory Group. The distributed control systems (DCS) ...

Real time integration of information between manufacturing and business systems will experience a dramatic increase in India over the next few years, according to a study by Dedham, Ma.-based ARC Advisory Group. The distributed control systems (DCS) market will grow at a rate of 17.4% over the next five years and exceed $50 million by 2009. In 2004, the DCS market was at $205 million.

With the manufacturing sector in India growing at 9%, according to ARC Advisory Group, most manufacturing companies are operating at close to full capacity. The result is a rise in capital spending on the DCS sector as it's viewed as a way to improve plant level productivity, improve quality and lower production costs.

In India, greenfield projects in many industries including chemical, petrochemical, electric power, oil & gas and metals will be coming on line further driving the growth in the DCS market.

"Some of the global suppliers, such as Honeywell and Yokogawa, who were attracted by the Indian DCS market growth prospects, have converted their joint ventures in the country into wholly owned subsidiaries," explains S. R. Venkatapathy, senior analyst and author of the ARC's "Distributed Control System Outlook for India Study.

To view the study visit: http://www.arcweb.com/Research/auto/dcs-ind.asp

Interested in information related to this topic? Subscribe to our weekly Value-chain eNewsletter.

Popular Sponsored Recommendations

Why DataOps may be the key to unlocking the full potential of digital transformation

Nov. 3, 2023
Read the 2023 market survey conducted by IndustryWeek

7 Crucial Steps to Improve Your OT Security

Oct. 23, 2023
Enhance OT security in manufacturing and production. Uncover the crucial steps to safeguard your operational technology. Protect against evolving threats and bridge the IT-OT ...

Machine Learning and Predictive Analytics Guidebook for Engineers

Sept. 27, 2023
Leverage Domain Expertise to Drive Optimization – Without Needing a Data Scientist.

Are You Positioned To Tackle Supply Chain Risk?

Sept. 20, 2023
Supply chain disruption is here to stay, but you can keep ahead of potential issues — and identify new opportunities — by regularly assessing your suppliers. Download our supplier...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!