London, 13 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the DCS Market in the APAC Region 2014-2018.
Distributed Control Systems (DCS) allows each component or sub-system of a manufacturing plant respond to multiple controllers, thereby providing instructions to different parts of the plant. It helps reducing downtime errors and increase productivity of the plant.
The DCS Market in the APAC Region is expected to grow at a CAGR of 3.87 percent from 2013-2018.
About the Report
The latest report by TechNavio focuses on the migration from legacy systems to DCS solutions. With increased competition, many companies are replacing old manufacturing systems with DCS-controlled systems for increased efficiency and productivity. Additionally, the report also highlights the integration of DCS solutions with plant management systems.
“To optimize plant operations, organizations need DCS solutions that can be easily and effectively integrated with other plant operations. Therefore, some key vendors like ABB and Honeywell International have started offering additional services to their customers that would help them easily integrate the DCS solutions with their existing plant management systems,” says Faisal Ghaus, Vice President of TechNavio.
“Some vendors are also offering customized DCS solutions at competitive prices, thus allowing several cost-driven organizations to improve their operational performances at minimal cost.”
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Migration from Legacy Systems to DCS Solutions
- For a full detailed list, view our report.
Market Challenges:
- Competition from SCADA Systems
- For a full detailed list, view our report.
Market Trends:
- Development of Integrated DCS Solutions
- For a full detailed list, view our report.
Key Vendors:
- ABB Ltd.
- Emerson Electric Co.
- Honeywell International Inc.
- Siemens AG
Other Prominent Vendors:
- FMC Technologies
- General Electric
- Invensys
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
