Distributed Control Systems (DCS) Market Growth, Opportunity and Future Forecast 2014-2022

The emerging process industries are merely operated by advanced automation technologies such as distributed control systems (DCS). These systems are used as an extension of traditional controllers across the diversified range of industries. The main concept of DCS application is derived by the idea of decentralizing the control unit and establishing a common network between the engineering stations. In addition, integrating DCS with process plants enables it to control, report, and monitor the components individually, while providing flexibility and simplicity to the plant operations. DCS 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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A DCS platform is configured with the application that neglects the complete plant breakdown, improves process quality, creates high reserves, and reduces time and cost of the operations. It also has the ability to integrate system security models with advanced alarm capabilities, cybersecurity, multiple simulation solutions, and system-wide diagnostics.

The DCS market is driven by factors such as spontaneous response, reduced disruptions to production, and increased efficiency across the process industries; however, slowdown of mining industry is expected to restrict the market growth to some extent.

The Major players reported in the market include:

The market comprises key manufacturers such as Siemens AG, ABB Ltd., Honeywell International, Inc., Yokogawa Electric Corporation, General Electric Company, Rockwell Automation, Inc., Emerson Electric Co., Metso Corporation, Schneider Electric SA, and Novatech Process Solutions LLC.

KEY BENEFITS

The study provides an in-depth analysis of the Distributed Control Systems (DCS) market along with current and future trends to elucidate the imminent investment pockets.

The report provides information regarding key drivers, restraints, and opportunities along with their impact analysis.

Porter’s Five Forces and SWOT analyses of key market players in the industry have been provided to highlight the growth strategies adopted by them.

The value chain analysis of the industry signifies the key intermediaries involved, and elaborates their roles and value additions at every stage of the value chain.

The quantitative analysis of the market during the period of 2014-2022 is provided to elaborate the market potential.

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KEY MARKET SEGMENTS:

BY COMPONENT TYPE

Hardware

Software

Services

BY INDUSTRY VERTICAL

Chemical

Oil & Gas

Pharmaceutical

Food & Beverage

Power Generation

Others (Automation, Metal & Mining, Paper & Pulp)

BY GEOGRAPHY

North America

Europe

Asia Pacific

Central & South America

Middle East and Africa

TABLE OF CONTENTS

CHAPTER 1 INTRODUCTION

CHAPTER 2 EXECUTIVE SUMMARY

CHAPTER 3 MARKET OVERVIEW

CHAPTER 4 WORLD DISTRIBUTED CONTROL SYSTEMS (DCS) MARKET, BY END USER

CHAPTER 5 WORLD DISTRIBUTED CONTROL SYSTEMS (DCS) MARKET, BY APPLICATION

CHAPTER 6 WORLD DISTRIBUTED CONTROL SYSTEMS (DCS) MARKET, BY GEOGRAPHY

CHAPTER 7 COMPANY PROFILES

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Posted by on Wednesday June 12 2019, 6:16 PM EDT. All trademarks acknowledged. Filed under Business Services, Featured Press Release. Comments and Trackbacks closed. Follow responses: RSS 2.0

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