Distributed Control Systems Global Market Top Performing Key Players:-
Siemens AG (Germany), ABB Ltd. (Switzerland), Honeywell International Inc. (U.S), Emerson Electric Co. (U.S.), Schneider Electric (United Kingdom) and Yokogawa Electric Corporation (Japan).
Distributed Control Systems Market Dynamics:
The growing adoption of distributed control systems due to prosperity of end user industries and applications such as petrochemical, nuclear power, automobile, pharmaceutical, food processing and others coupled with their attractive economics such as reduces installation costs, increases reliability, remote monitoring, localizing of control functions and others are the critical drivers of the Distributed Control Systems Market.
Technological advantages such as growing adoption of wireless systems, remote management, mobile interfaces, embedded web-servers and others are charging the market due to their increasing functionality.
Technology is a double faced sword when it comes to the distributed control system as the threat of security breaches is growing owing to provisions of mobile interfaces, and remote management. The falling oil prices and sluggish growth of the U.S. economy has constrained the market. Poor compliance with security standards and common protocols has compounded the situation.
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Distribution Transformer Market Latest 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.
Distributed Control Systems Global Market – Segmentation
The scope of global distributed control systems market is segmented into three major segments which are explained below:
Distribution Transformer Market By Industry
- Oil & Gas
- Power Generation
- Metals & Mining
- Paper & Pulp
- Food & Beverage
Distribution Transformer Market By Components
Distribution Transformer Market By Application
- Continuous Process
- Batch Process
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The developed regions market is facing a stagnant situation due to lower market growth with the U.S. leading the developed regions followed by Europe at the second position.
Asia-Pacific was estimated to be the largest market owing to the explosive growth of industrial bases in China and India. The Middle East & Africa region is also anticipated to generate rapid growth with the Gulf nations leading the way.
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