TechNavio today launched its report Global Distributed Control System Market 2011-2015 based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”With an increase in technological reach, vendors have started to develop open-source Distributed Control System (DCS) solutions. These open-source solutions can be downloaded and can be made to run on all platforms. As the cost of purchasing and licensing an original DCS solution is high, some micro and small-scale enterprises (MSMEs) prefer open-source DCS solutions. This provides flexibility, and cost effectiveness to these organizations.”
According to the report, increasing demand for DCS solutions in the Power industry is one of the main drivers of the growth of the Global DCS market. Organizations across the Power industry are replacing their legacy existing control systems with DCS solutions. This is because the legacy systems are not cost effective and efficient compared to those of DCS solutions. Organizations across the globe are striving toward improving their efficiency, reducing emissions and improving ramp rates of their power projects. Moreover, developing countries such as India and China are steadily migrating from their legacy system of power generation such as coal to nuclear power plants. This in turn provides opportunities for the growth of the Global DCS market.
Further, the report discusses that the declining price of DCS solutions is one of the major challenges to the growth of the Global DCS market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-distributed-control-system-marke…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Global Distributed Control System Market 2011-2015
