Dallas, Texas (PRWEB) August 27, 2014
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 “Global DCS Market 2014-2018” 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.
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. These DCS solutions are adopted by various industries such as Oil and Gas, Power, Pharmaceutical, Pulp and Paper, Aerospace, Automotive, Shipbuilding, Machinery Manufacturing, Consumer Durables, and Food and Beverage.
Covered in this Report
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, and 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.
The Global DCS Market 2014-2018 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global DCS market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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The report recognizes the following companies as the key players in the Global Distributed Control System Market: ABB Ltd., Emerson Electric Co., Honeywell International Inc. and Siemens AG.
Other Prominent Vendors in the market are: Yokogawa Electric, Invensys, General Electric, Mitsubishi Heavy Industries, Metso, Omron, Rockwell Automation, Toshiba International, Control Systems International, and Bharat Heavy Electricals.
Key Market Driver
- Increasing Demand for DCS Solutions from the Power Industry.
- For a full, detailed list, view our report.
Key Market Trend
- Development of Integrated DCS Solutions
- For a full, detailed list, view our report.
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.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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