Distributed Control Systems Market: Global Industry Analysis, Size, Share, Trends and Forecast 2012 - 2018
Albany, New York (PRWEB) September 19, 2014
To be a part of this competitive world, one has to compete on a global level. In the process of competing globally, worldwide manufacturers have embraced the present growing technologies to a greater extent and realized the importance of having high-quality and maximum productivity as positive key trending factors. The three building-blocks – massive investments, robust demand, and increasing affluence from different industries comprises the cycle of wealth creation worldwide, and all these factors have helped in the transformation of conventional technologies into something effective and much greater such as Distributed Control Systems (DCS).
A distributed control system (DCS) is a control system typically of a manufacturing system that consists of controller elements with each component sub-controlled by one or several more controllers. It is a completely computerized control system that is utilized in the industrial and commercial areas for controlling production in different applications.
The DCS widely came about in the market due to the increased availability of microcomputers and the proliferation of microprocessors in the domain of process control. This market is now relying heavily on retrofit orders which are looking to replace their inefficient and outdated control systems with a robust migration strategy. This urging demand is mainly coming from developed economies that are willing to change their functional legacy into something contemporary and efficient in order to sustain the overall power-generation capacity and count of nuclear power generation.
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The global distributed control system (DCS) market is broadly segmented into three main categories such as hardware, software, and services. The overall segmentation is based on components. The software segment is recorded to be the largest in the market, followed by the DCS hardware segment, due to the rising number of Greenfield projects in the Asia Pacific region.
- Factors Spurring Growth in DCS Market
The global distributed control system (DCS) market is witnessing many growth drivers behind its burgeoning expansion in the market, and these include the emergence of open-source DCS solutions, rapidly rising population across the world, and increasing demand for DCS solutions from various industries like chemicals, oil & gas, power generation, petrochemicals, and water, and waste-water industries. There is an increasing demand for distributed control systems in food processing industries as well.
However, some of the most evident forces that are propelling the growth in this market are the transformation from legacy systems to modern-age DCS solutions, and the pressing need to improve the decision-making systems from its core.
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The improvement in primitive systems and advent of open source solutions has helped small and mid-sized enterprises reap high benefits from DCS software solutions. Also, in order to optimize the plant operation, government organizations implement DCS solutions that can be conveniently and effectively integrated with other plant operations.
In order to increase the production efficiency in the oil and gas sector, various entities have deployed the technologically advanced distributed control systems for monitoring and controlling different activities. These systems can also help in reducing the risk to human life in any hazardous environments. In 2012, the oil and gas industry remained the largest end user industry for these systems accounting for more than 20% of the global market.
Also, with the use of DCS solutions, governments have set up new power stations that will help in enhancing the power generation speed and avoid human errors occurring during the process.
- DCS Market – Size and Growth
The distributed control systems (DCS) market has retained its global leading market position in the core automation market in terms of revenue. According to a leading U.S. based market firm, Transparency Market Research, the global distributed control systems (DCS) market is expected to reach USD 19.8 billion by 2018, growing at a CAGR of 3.9% for the forecast period 2012 to 2018. There are increasing activities seen in the Middle East and Asia-Pacific countries for the growing demand for distributed control system (DCS) solutions as well.
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- Leading Industry Players
Some of the key vendors in the distributed control systems market are ABB Ltd. which remained as the market leader in the industry for a long period of time. Eventually, ABB Ltd was then followed by Siemens and Honeywell International Inc. in 2012. These companies provide additional services to their customers that would aid them with easy integration of DCS solutions along with their pant management systems.
In addition to the key leading players, other important players dominating the global DCS market include Honeywell International, Yokogawa, Emerson, and Invensys Plc among others.
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