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Newsdesk - February 2004China is buying DCS systemsThe DCS market in China is expected to grow at a very robust 15.1% (CAGR) over the next five years. The market was worth $531 million in 2003 and is forecast to be $1,074 million in 2008, according to a new ARC Advisory Group study. China, the fastest growing economy in the world, is witnessing massive investments in new projects and plant upgrades in almost all process industry segments. The country is emerging as a destination of choice for global manufacturers. This naturally creates tremendous growth opportunities for the Distributed Control Systems market, making China the major opportunity for process automation suppliers, according to ARC Research Director Larry O'Brien, the co-author of ARC's "DCS Outlook for China". The power industry continues to contribute the major share of DCS revenues in China and this will continue. However, industries such as Oil & Gas and Petrochemicals hold excellent growth prospects that are defined in the study. Global DCS suppliers face competition from home-grown Chinese suppliers. Domestic control system suppliers are able to offer DCSs at highly competitive prices because of emerging open standards and similar factors. Presently their territories are delineated, but in the future, the lines are bound to become blurred. Manufacturing companies in China, in comparison to their counterparts in the developed world, are relatively new. Therefore, the DCS systems are engineered with contemporary features and allow skipping the evolutionary stages of control technology. Suppliers will encounter greater opportunities to sell systems based on fieldbus architecture.
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