DUBLIN, Sept. 8, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global DCS Market 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. 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.
The analysts forecast the Global DCS market will grow at a CAGR of 3.49 percent over the period 2013-2018.
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 report, 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.
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 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.
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.
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. Market Segmentation by Product
08. Market Segmentation by End-users
09. Geographical Segmentation
10. Key Leading Countries
11. Buying Criteria
12. Market Growth Drivers
13. Drivers and their Impact
14. Market Challenges
15. Impact of Drivers and Challenges
16. Market Trends
17. Trends and their Impact
18. Vendor Landscape
19. Key Vendor Analysis
20. Other Reports in this Series
Companies Mentioned:
- ABB Ltd.
- Emerson Electric Co.
- Honeywell International Inc.
- Siemens AG
- Bharat Heavy Electrical Ltd.
- General Electric Co.
- Invensys plc
- Mitsubishi Heavy Industries Ltd.
- Metso Corp.
- Omron Corp.
- Rockwell Automation Inc.
- Toshiba International Corp.
- Control Systems International Inc.
- Yokogawa Electric Corp.
For more information visit http://www.researchandmarkets.com/research/7xkrld/global_dcs_market
Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net
