London, 27 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global DCS Market in the Oil and Gas Industry, which is expected to grow at a CAGR of 5.1 percent from 2014-2018.
DCS or distributed control systems are automated control systems that control components and sub-systems of manufacturing plants, providing instructions to different parts of the plant.
About the Report
The latest report by TechNavio focuses on economic recovery and increased demand for oil and gas in countries like India and China, which has resulted in increased infrastructure investment in the oil and gas industry. The report also highlights the integration of DCS solutions with plant management systems so as to optimize plant operations.
“Some key vendors like ABB and Honeywell offer additional services that would help easy integration of DCS solutions with plant management systems. For instance, process control, process electrification, power distribution and management systems of the plant are integrated to enable organizations to obtain real-time information, thus reducing failure rates and improving the decision-making capability of the organization,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Increased Consumption of Oil and Gas
- For a full detailed list, view our report.
Market Challenges:
- Lack of Skilled Workforce
- For a full detailed list, view our report.
Market Trends:
- Integrating DCS Solutions with Plant Management Systems
- For a full detailed list, view our report.
Key Vendors:
- ABB Ltd.
- Emerson Electric Co.
- Siemens AG
Other Prominent Vendors:
- General Electric
- Metso
- Omron
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
