TechNavio recognizes the following companies as the key players in the Global Distributed Control Systems (DCS) Market: ABB Ltd., Emerson Electric Co., Honeywell International Inc., and Siemens AG.
Commenting on the report, an analyst from TechNavio’s team said: “The integration of DCS solutions with plant management systems is one of the key trends in the market. In order to optimize plant operation, organizations need the kind of DCS solutions that can be easily and effectively integrated with other plant operations. Therefore, some of the key vendors in the market such as ABB Ltd. and Honeywell International Inc. have started offering additional services to their customers that would help them easily integrate the DCS solutions with their plant management systems. The plant management system includes the process control, process electrification, power distribution, and management systems of the plant. Such integrated systems enable organizations to obtain information from all parts of the plant at a central location, thus reducing the failure rate and improving the decision-making capabilities of the organizations. ”
According to the report, the market is witnessing many growth drivers such as the increasing demand for DCS solutions from the Power industry, and the emergence of open-source DCS solutions. However, the major forces that are driving the market are the migration from legacy systems to DCS solutions and the need to improve decision-making systems.
Further, the report states that a major challenge in the market is the declining price of DCS solutions. The lack of product differentiation from SCADA systems is another challenge in the 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/report/global-distributed-control-systems-dcs-m…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Global Distributed Control Systems (DCS) Market 2012-2016
