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Asia Pacific DCS market set to exceed all other regions

03 January 2012

IMS Research has predicted that the Asia Pacific region will overtake EMEA in 2014 to become the largest market for DCS.

Until 2009, Asia Pacific was 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 address the energy and infrastructure needs of their growing populations, with more disposable income, and of continued urbanisation.

Kiran Patel, market snalyst at IMS Research explains this trend in more detail: “Governments have been addressing the needs of the population with investment in various large-scale projects designed to provide more power and energy. This will be reflected in the above-average growth in DCS product revenues in the petrochemical, oil and 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.”

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