A DCS is an
automated control system that, rather than being centralized, is distributed
across an entire organization. DCSs are distributed in such a way that each
component or sub-system 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 operations. DCS solutions, hence, enable the
effective and efficient control and management of the entire plant. Further,
they facilitate a reduction in downtime errors and an increase in the
productivity of the plant. DCS solutions are adopted by various industries such
as Oil and Gas, Power, Pharmaceuticals, Pulp and Paper, Aerospace, Automotive,
Shipbuilding, Machinery Manufacturing, Consumer Durables, and Food and
Beverages.
Analysts forecast
the Global DCS
market in the Power industry to
grow at a CAGR of 2.98 percent over the period 2013-2018.
The report recognizes
the following companies as the key players in the Global DCS Market in the
Power Industry: ABB Ltd., Emerson Electric Co., Honeywell International Inc.,
Siemens AG and Yokogawa Electric Corp.
Other Prominent
Vendors in the market are: General Electric, Metso, Mitsubishi Heavy
Industries, Omron, Rockwell Automation, Schneider Electric and Toshiba
International.
One of the major
trends in this market is the increased economic growth in developing countries,
which has led to the increased consumption of electricity.
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Covered in this Report
The report covers the
present scenario and the growth prospects of the Global DCS market in the Power
industry for the period 2014-2018.
Global DCS Market in
the Power Industry 2014-2018, has been prepared based on an in-depth market
analysis with inputs from industry experts. The report covers the Americas, and
the APAC and EMEA regions; it also covers the landscape of the Global DCS
market in the Power industry and its growth prospects in the coming years. The
report also includes a discussion of the key vendors operating in this market.
According to the
report, one of the main drivers in the market is increased outsourcing of
manufacturing activities to the APAC region. The increased outsourcing of
manufacturing activities to countries such as India and China has led to a strong
demand for power.
Further, the report
states that one of the main challenges that the market faces is the reluctance
among end-users to migrate to the latest technology. Several organizations
across the Power industry find it difficult to move away from their
conventional and legacy systems and adopt more advanced DCS solutions.
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