Market Highlights
Distributed Control System is a platform used in manufacturing industries to control and manage the process. The DCS system has the networking capabilities which are useful in the process management. The inputs and outputs can be analog signal or discrete signal. As per the study conducted by Market Research Future, the global market for distributed control systems is likely to grow at the CAGR of around 5%.
The innovative emerging process industries are merely operated by advanced automation technologies such as distributed control systems. These systems are used as an extension of traditional controllers across diversified range of industries. The prominent concept of distributed control systems application is derived by the idea of decentralizing the control unit and establishing a common network between the engineering stations. In addition, integrating distributed control systems with process plants enables it to control, report, and monitor the components individually, while providing flexibility and simplicity to the plant operation. Distributed control systems uses a set of configuration tools to manage the database, graphics, control logic, and system security. Moreover, it supports modification, upgrade, and integration to the existing architecture of any industry.
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Distributed Control Systems Global Market – Competitive Analysis
The global market for distributed control systems is one of the most technological advance market. The global distributed control systems 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 for Distributed Control System (DCS) Market:
- Siemens AG (Germany),
- ABB Ltd. (Switzerland),
- Honeywell International Inc. (U.S),
- Emerson Electric Co. (U.S.),
- Schneider Electric (United Kingdom)
- Yokogawa Electric Corporation (Japan).
Industry News
In November, 2017 – ABB and Hewlett Packard Enterprise (HPE) announced a strategic global partnership that combines ABB’s industry-leading digital offerings, ABB Ability, with HPE’s innovative hybrid information technology (IT) solutions. The partnership will provide customers with solutions that generate actionable insights from vast amounts of industrial data to increase the efficiency and flexibility of their operations and create competitive advantage.
In September, 2017 – ABB Strengthens Electrification Position with GE Industrial Solutions. GE Industrial Solutions will be integrated into ABB’s Electrification Products (EP) division, which will have an initial dampening effect on EP’s profit margins.
In September, 2017 – Emerson Launches Industry-first Controller Designed for Automation Versatility and IIoT-enabled Operations. The next-gen controller provides scalable automation control to all process industries, particularly parts of the life sciences, oil and gas, petrochemical, and discrete manufacturing industries that have relied on complex, non-integrated programmable logic controllers (PLCs) with limited operational capabilities.
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Study objectives of Distributed Control System and Accessories Market:
- To provide detailed analysis of the market structure, along with the ten year forecast of various segments and sub-segments of the global Distributed Control System market
- To provide insights about factors affecting the market growth
- To Analyze the Distributed Control System market with respect to various factors such as price analysis, supply chain analysis, and porters five force analysis
- To provide historical as well as forecast revenue of the market segments & sub-segments with respect to five main geographies namely, North America, South America, Europe, Asia-Pacific, and Middle East & Africa
- To provide country level analysis of the market segmented by industry, by component, by application and region with respect to the current market size and growth prospective during the forecast period
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