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According to the 2016 distributed control system market report, recent expansions in the renewable power generation industry (which includes small-scale power plants) are encouraging countries to expand distributed power generation strategies, which in turn, drive market demand for DCS.
PUNE, India, April 15, 2016 /PRNewswire-iReach/ -- The global distributed control system market analyst said several vendors offer safety integrated solutions that are dependable and efficient compared to traditional safety systems. These solutions involve basic process control solutions and ensure personal and equipment safety over the complete plant or factory. The process control solutions enable end-users to reduce the overall operational costs and enhance productivity by ensuring smooth operation of overall systems and preventing hazards.
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Complete report on distributed control system market spread across 91 pages, analyzing 5 major companies and providing 40 data exhibits is now available at http://www.reportsnreports.com/reports/524606-global-distributed-control-systems-market-2016-2020.html.
According to the 2016 distributed control system market report, recent expansions in the renewable power generation industry (which includes small-scale power plants) are encouraging countries to expand distributed power generation strategies, which in turn, drive market demand for DCS.
In this distributed control system market report, analysts estimate that factors like digitization and automation solutions will help companies to achieve control, flexibility, and better communication to get ahead of their competitors. Moreover, adoption of DCS solutions has also helped manufacturing operations truly become smart facilities with reduced human involvement, fewer accidents and better products. Extensive use of DCS technologies will propel the growth of this market during this forecast period and beyond.Order a copy of Global Distributed Control System Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=524606.
Segmentation by Solution and Analysis of the Distributed Control System Market -Hardware, Software and Services
The software segment dominates the global distributed control system market and is expected to generate close to USD 11 billion in revenue by the end of 2020. Market trends indicate that industrial infrastructure is due for replacement if production levels and operational efficiency have to be maintained. Use of parallel systems like enterprise resource planning (ERP) and other software programs paired up with hardware upgrades will help manufacturers manage production processes seamlessly. Consequently, upgrades and additions are being done across many industries to create smart facilities, which in turn will result in the phenomenal growth of the software market segment.
Geographical Segmentation and Analysis of the distributed control system market - Americas, APAC and EMEA
Currently, the distributed control system market is dominated by the APAC region, which is expected to grow at a CAGR of close to 3% until the end of the forecast period. In this region, the oil and gas industry is the major driver for investments in DCS related processes. Additionally, an abundance of shale oil and gas in China requires investment in DCS solutions to carry out operations like hydraulic fracturing (fracking) and horizontal drilling. Distributed control system market research analysts predict that major investments in pipelines to transport oil and gas are also being undertaken by industry leaders.
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The global distributed control system market landscape has many vendors and competition is very intense. Vendors compete on the basis of custom services, solutions and price. Established vendors are expanding operations by setting up new units in emerging markets and extending their sales networks. Mergers and acquisitions between large vendors are also part of the landscape.
Key players in the global distributed control system market: ABB Group, Emerson Electric, Honeywell International Inc., Schneider Electric SE, and Siemens AG.
Other Prominent Vendors in the market are: Beckhoff, Bosch Rexroth, CG Automation Solutions USA, Control Systems International, EYELITE, FMC Technologies, GE, Idec, Keyence, Koyo Electronics, Metso, Mitsubishi Heavy Industries, Omron, Panasonic, Rockwell, Toshiba, and Yokogawa Electric.
Further, the distributed control system market report states that one of the major challenges faced by the market is volatility in crude oil and natural gas prices.
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Copyright PR Newswire Association LLC Apr 15, 2016
