Albany, NY -- (SBWire) -- 04/13/2016 --The global DCS market to grow at a CAGR of 3.51% during the period 2016-2020. Automation technologies represent a fundamental aspect of any modern industry. The major types of industrial automation solutions, such as DCS, PLC, SCADA, and MES, are used on a large-scale in process and discrete industries.
DCS technologies offer a range of solutions that are designed to control and monitor industrial production. These solutions are widely used across process industries in line with the general trend of using automation to increase overall efficiency and functioning. These systems also offer intelligent command capabilities that allow end-users easily control and supervise plant operations. The use of DCS also reduces the safety threats in hazardous operating environments, and ensures smooth functioning of plant and industrial machinery. It serves to harmonize complex industrial processes with minimum downtime. In addition, the use of IoT and the advances in M2M communications have helped expand the application scope of DCS technologies in factories.
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The report covers the present scenario and the growth prospects of the global distributed control system (DCS) market for 2016-2020. To calculate the market size, the report considers the revenue generated from sales of hardware and software licenses, renewal of software licenses, upgrades of existing solutions, and maintenance and services for calculating market value in the above mentioned end-user segments.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Technavio's report, Global Distributed Control System (DCS) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- ABB Group
- Emerson Electric
- Honeywell International Inc.
- Schneider Electric SE
- Siemens AG
Other prominent vendors
- Beckhoff
- Bosch Rexroth
- CG Automation Solutions USA
- Control Systems International
- EYELITE
- FMC Technologies
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Key Questions Answered in this Report:
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Global Distributed Control Systems (DCS) Market to Grow at a CAGR of 3.51% During Forecast Period 2016-2020
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