TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global DCS Market in the Oil and Gas Industrywhich is expected to grow at a CAGR of 5.1 percent from 2014-2018.
DCS, or distributed control systems, are automated systems that control components and sub-systems of manufacturing plants, providing instructions to different parts of the plant.
About the Report
The latest report from TechNavio focuses on economic recovery and increased demand for oil and gas in countries like India and China, which has resulted in more infrastructure investment in the oil and gas industry. The report also highlights the integration of DCS solutions with plant management systems so as to optimize plant operations.
"Some key vendors like ABB and Honeywell offer additional services that facilitate easy integration of DCS solutions with plant management systems. For instance, process control, process electrification, power distribution and plant management systems are integrated to enable organizations to obtain real-time information, thus reducing failure rates and improving the decision-making capability of the organization," says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
- Market segmentation, size and forecast through 2018
- Market Growth Drivers:
- Increased Consumption of Oil and Gas
- For a full detailed list, view our report.
- Market Challenges:
- Lack of Skilled Workforce
- For a full detailed list, view our report.
- Market Trends:
- Integrating DCS Solutions with Plant Management Systems
- For a full detailed list, view our report.
- Key Vendors:
- ABB Ltd.
- Emerson Electric Co.
- Siemens AG
- Other Prominent Vendors:
- General Electric
- Metso
- Omron
TechNaviocurrently has more than 3000 market research reports on a huge range of topics, including 200+ reports on Global DCS Markets:
- Global DCS Market in the Power Industry 2014-2018
- DCS Market in the APAC Region 2014-2018
- DCS Market in the EMEA Region 2014-2018
- DCS Market in the Americas 2014-2018
- Global DCS Market 2014-2018
If you are interested in more information, please contact our media team at media@technavio.com
Contacts:
TechNavio Research
Jes Ellacott, US: +1 630 333 9501
UK: +44 208 123 1770
Media Marketing Executive
www.technavio.com
media@technavio.com