Research & Markets: Global DCS Market 2014-2018: Key Vendors are ABB Ltd, Emerson Electric Co, Honeywell International Inc & ...
01 September 2014 - 08:31PM
Business Wire
Research and Markets
(http://www.researchandmarkets.com/research/rpl37v/global_dcs_market)
has announced the addition of the "Global DCS Market 2014-2018"
report to their offering.
The Global DCS market will grow at a CAGR of 3.49% over the
period 2013-2018.
A DCS is an automated control system that, rather than being
centralized, is distributed across an entire organization. Such
systems are distributed in such a way that each component or
subsystem of a manufacturing plant is controlled by one or more
controllers, thereby providing instructions to different parts of
the plant. Thus, instead of having a centrally located control
system, each section of the plant has its own control operation.
These DCS solutions hence enable the effective and efficient
control and management of the overall plant. Furthermore, they also
facilitate a reduction in downtime errors and an increase in the
productivity of the plant.
One of the major trends in this market is the development of
integrated DCS solutions. In order to optimize plant operation,
organizations are looking for DCS solutions that can be easily and
effectively integrated with other plant operations.
According to the report, one of the main drivers in the market
is the increased demand for DCS solutions from the Power industry.
Organizations across the Power industry are opting for DCS
solutions to improve their plant efficiency and reduce their
downtime failure rates.
Further, the report states that one of the main challenges in
the market is the decline in the prices of DCS solutions. With the
advancement of technology and the increasing competition among
vendors, the overall cost of DCS solutions is declining.
The Global DCS market can be divided on the basis of end-user
into eight main segments:
- Power
- Oil and Gas
- Pharmaceutical
- Pulp and Paper
- Food and Beverages
- Chemical
- Automotive
- Packaging industries.
The above end-user segments are the major consumers of DCS
systems and their performance has a direct impact on the growth of
the Global DCS market.
Key Vendors
- ABB Ltd.
- Emerson Electric Co.
- Honeywell International Inc.
- Siemens AG
Other Prominent Vendors
- Bharat Heavy Electrical Ltd.
- General Electric Co.
- Invensys plc
- Mitsubishi Heavy Industries Ltd.
- Metso Corp.
- Omron Corp.
- Rockwell Automation Inc.
- Toshiba International Corp.
- Control Systems International Inc.
- Yokogawa Electric Corp.
For more information visit
http://www.researchandmarkets.com/research/rpl37v/global_dcs_market
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