Technavio recognizes the following companies as the key players in DCS Market in Europe 2015-2019: ABB Ltd, Emerson Electric Co, Honeywell International, Inc, Schneider Electric Corp and Siemens AG.
Other Prominent Vendors in the market are: FMC Technologies, General Electric, Metso, Rockwell Automation, Toshiba International and Yokogawa Electric.
Commenting on the report, an analyst from Technavio’s team said: “The development of integrated DCS solutions is a key trend prevailing in the market. Organizations are increasingly looking for DCS solutions that can be effectively integrated with other plant operations to optimize overall efficiency. Therefore, some key vendors such as ABB and Honeywell International have started offering additional services to their customers to easily integrate DCS solutions with their plant management systems.”
According to the report, some key factors are expected to drive market growth during the forecast period. DCS reduce manufacturing costs of end-user industries. Effective deployment of DCS solutions reduces manufacturing costs of companies by minimizing process failures and downtime losses.
Further, the report states that vendors have shown a reluctance to adopt latest technologies which is affecting the market significantly.
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/dcs-market-in-europe-2015-2019
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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