DUBLIN, Nov. 4, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global DCS Market in the Oil and Gas Industry 2014-2018" report to their offering.
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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.
DCSs, 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. DCSs 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.
The analysts forecast the Global DCS market in the Oil and Gas industry to grow at a CAGR of 5.10 percent over the period 2013-2018.
The report covers the present scenario and the growth prospects of the Global DCS market in the Oil and Gas industry for the period 2014-2018.
The report, the Global DCS Market in the Oil and Gas 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 Oil and Gas industry and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
One of the major trends in this market is the integration of DCS solutions with plant management systems. To optimize plant operation, DCS solutions must easily and effectively integrate with other plant operations. Process control, process electrification, power distribution, and management systems of the plant are integrated to enable organizations to obtain real-time information, thereby reducing failure rates and improving the decision-making capability of the organization.
According to the report, one of the main drivers in the market is the increased consumption of oil and gas. The recovery in the economy and increased demand for oil and gas in countries such as India and China has resulted in increased infrastructure investment in the Oil and Gas industry.
Further, the report states that one of the main challenges in the market is the lack of skilled workforce. Lack of expert knowledge and a retiring workforce makes it difficult for oil and gas companies to handle DCS solutions.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
05. Introduction
06. Market Landscape
07. Geographical Segmentation
08. Buying Criteria
09. Market Growth Drivers
10. Drivers and their Impact
11. Market Challenges
12. Impact of Drivers and Challenges
13. Market Trends
14. Trends and their Impact
15. Vendor Landscape
16. Key Vendor Analysis
17. Other Reports in this Series
Companies Mentioned:
- ABB
- Emerson Electric
- Honeywell International
- Siemens
- General Electric
- Metso
- Mitsubishi Heavy Industries
- Omron
- Rockwell Automation
- Schneider Electric
- Toshiba International
For more information visit http://www.researchandmarkets.com/research/4gxrfq/global_dcs_market
Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net
