The global DCS market in the power industry was valued at $5.71 billion in 2014 and will likely reach $6.63 billion by 2019, growing at a CAGR of 3.03%.
The growing need in the power sector for operational excellence demands the use of optimization solutions such as distribution control systems (DCS) worldwide. This will increase market revenues over the forecast period. Further, the increased market competition in the power sector has resulted in the formulation of strategies to improve the overall plant performance and reduce downtime errors to achieve maximum ROI.
Technavio has narrowed down the top 11 companies in the global distributed control systems markets in the power industry:
ABB
ABB is a global leader in power and automation technologies. Their solutions improve the efficiency, productivity and quality of customer operations while minimizing environmental impact. ABB has pioneered the introduction of several technologies that have changed the landscape of our modern society.
Emerson Electric
Emerson Electric is a diversified global manufacturing company that brings technology and engineering together to provide innovative solutions to customers in the industrial, commercial and consumer markets through its process management, industrial automation, network power, climate technologies, and commercial & residential solutions businesses.
Honeywell International
Honeywell invents and manufactures technologies to address some of the world’s toughest challenges. This is primarily initiated by revolutionary macrotrends in science, technology and society. They create solutions to improve the quality of life of people around the globe.
Siemens
For all industrial sector Siemens is the world’s single-source leader of automation technology products engineered and manufactured. Their best-in-class automation technology products are designed to perfectly match all of your requirements and are enhanced by extensive training, service and support.
Yokogawa Electric
Yokogawa Electric Corporation is a Japanese electrical engineering and software company. It’s businesses based on its measurement, control, and information technologies.
General Electric
General Electric is building the world by providing capital, expertise and infrastructure for a global economy. GE Capital has provided billions in financing so businesses can build and grow their operations and consumers can build their financial futures.
Metso
Metso is the world’s leading industrial company in the mining and aggregates industries and in the flow control business. Their knowledge, people and solutions help drive sustainable improvements in performance and profitability in our customers’ businesses.
Mitsubishi Heavy Industries
MHI’s products include aerospace components, air conditioners, aircraft, automotive components, forklift trucks, hydraulic equipment, and machine tools. These products aim to provide the next generation with an assured future of comfortable lives and happiness. Through technologies that excite people and our passion for manufacturing.
Omron
Omron offers state-of-the-art control equipment and systems for factory automation. The company has multiple products ranging from sensors and controllers to network products. Omron helps manufacturers worldwide enhance quality, safety and the environment by promoting manufacturing innovation.
Rockwell Automation
Rockwell Automation, the world’s largest company dedicated to industrial automation and information. It aims to makes its customers more productive and the world more sustainable. Throughout the world, their flagship Allen-Bradley® and Rockwell Software® product brands are recognized for innovation and excellence.
Schneider Electric
Schneider Electric is a leading designer and manufacturer of automation and control solutions. They have an extensive range of products, from programmable relays through to high performance motion controllers and interface modules. Their technology is capable of controlling simple machines through to complex process control applications. This provides them the ability to operate across all industrial, infrastructure and building sectors.
Toshiba International
Toshiba is a total solution provider for power automation and a manufacturer of remote terminal units (RTU), distribution automation systems (DAS), substation automation systems (SAS), T&D protection relays and control relay panels (CRP) with a design capability of up to 500kV. They offer products with complete control & automation solutions which fulfills compliance with IEC/ANSI standards and can be customized to be in compliance with any client’s technical specifications.
