London, 15 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the DCS Market in the EMEA Region 2014-2018, which is expected to grow at a CAGR of 4.62 percent during the forecast period of 2013-2018.
“Constant monitoring of various parameters such as temperature, pressure, and other data becomes vital in order to take preventive measures to avoid discrepancies in the functioning of the systems,” says Faisal Ghaus, Vice President of TechNavio.
“Automation is essential for various applications in the Oil and Gas industry such as oil drilling, integration of data related to different oil exploration facilities, and monitoring the flow of oil and gas.”
Key Market Drivers
- Need to Reduce Manufacturing Costs
- Need to Comply with Stringent Government Policies and Environmental Regulations
- Increase in Demand for Automation Solutions from Oil and Gas Industry
Key Market Trends
- Development of Integrated DCS Solutions
- Increased Emphasis on Cyber Security
- Blurring Lines of Distinction between DCS, PLC, and SCADA
Key Market Vendors
- ABB Ltd.
- Emerson Electric Co.
- Honeywell International Inc.
- Schneider Electric Corp.
- Siemens AG
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
