Friday, 7 November 2014

Global DCS Market in the Power Industry 2014-2018

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.

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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