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A DCS is an automated control system that, rather than being centralized, is distributed across an entire organization. DCS is 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 is adopted by industries that require multi-step processing such as power, pharmaceuticals, oil and gas, pulp and paper, food and beverage, chemical, automotive, and packaging. Analysts recognise the following companies as the key players in the Global Distributed Control Systems (DCS) Market in Power Industry: ABB, Emerson, Honeywell, Siemens and YokogawaOther Prominent Vendors in the market are: GE, Metso, Mitsubishi, Omron, Rockwell, Schneider and ToshibaThe flourishing economy in developing countries has been a major boost for increasing purchasing capacity, and, in turn, increase power consumption. This will shift focus on investments in new power plants, to comply with increased power requirements, resulting in increased demand for DCS solutions.According to analysts, surge in outsourcing is an important market growth driver. India and China are the ideal outsourcing destinations due to the easy availability of low-cost labor and flexible foreign direct investment (FDI) policies. Manufacturing activities vying for international standards are fully automated, and are therefore, dependent on electricity. Thus, an increase in outsourcing of manufacturing activities to APAC will increase the demand for electricity. This is expected to drive the demand for DCS solutions in the power industry.Further, analysts state that end-users, especially in developing countries, are hesitant to adopt DCS solutions in process industries.Key Vendors- ABB - Emerson Electric - Honeywell International- Siemens- Yokogawa ElectricOther prominent vendors- General Electric- Metso- Mitsubishi Heavy Industries- Omron- Rockwell Automation- Toshiba International Key market driver- Outsourcing of manufacturing activities to APAC Key market challenge- Reluctance among end-users to migrate to latest technologyKey market trend- Economic growth in developing countriesFor more information on the "Global Distributed Control Systems Market in Power Industry 2015-2019" market analysis, see the latest research: Global Distributed Control Systems Market in Power Industry 2015-2019Follow us on Twitter @CandMResearch
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Copyright Newstex Sep 16, 2015
