Global Market Research Report on Distributed Control System (DCS) Market 2016 is a professional and in-depth complete study on the current state of the Distributed Control System (DCS) worldwide.
Deerfield Beach, FL -- (SBWIRE) -- 10/18/2016 -- Latest industry research report on Distributed Control System (DCS) is a decentralized control methodology that is used by various industry verticals to manage their operations. The control system is distributed throughout the operational network of an organization where each sub-system is managed by more than one controller. The goal of this report is to analyze the current and future trends of the DCS market as it is expected that more organizations would opt for the system. The study covers an in-depth analysis of the market potential of all the key industry applications. The report analyzes opportunities in the developed as well as emerging economies so that companies can make strategies as per their targeted regions.
The DCS is a computerized control mechanism where all the controllers are connected through a network for communication and management. The key driver for the market growth is that it allows increased operational efficiency by providing computerized automated control. Another driving factor is that the decentralized system reduces the possibility of a complete breakdown in operations as every sub-system is controlled by multiple controllers.
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However, the migration of organizations from the conventional and manual control system to DCS is a restraint for the market as it involves several complexities. Additionally, companies are not keen to move from the existing control mechanism due to lack of technical expertise and limited awareness about the benefits of the system. The key opportunity for the market is to tap into the rising demand for energy saving measures and retrofits.
Distributed Control System Market Analysis by Component Type
The component type market segment includes software, hardware and service components. The hardware components market currently has the highest market share as the DCS requires several hardware installations to implement the system. However, as the market matures, the need for hardware installation would reduce and the service components would have higher growth rate. DCS would become more service oriented as hardware and software components installed would require after market service support.
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Distributed Control System Market Analysis by Industry Applications
The various industry applications covered in the report are chemicals industry, oil and gas industry, water and waste water treatment industry, power industry, pharmaceutical industry, metal and mining industry, pulp and paper industry and other process industries. The chemical industry was one of the earliest to implement the DCS in its operations as it allowed smooth automation of the operations in its various processes. Therefore, the chemical industry has the lion's share in the market. However, it is expected that the oil and gas industry would have the highest demand for DCS as it would allow highly advanced control mechanism in its complex operations. Additionally, DCS would provide enhanced safety to the workforce in hazardous work environments of oil and gas industry.
Product and service launch is the key strategy opted by most of the companies in the market. For example, Honeywell recently launched DCS service for small and medium enterprises (SMEs). Some of the key players profiled in this report are ABB Ltd., Bharat Heavy Electrical Ltd., Emerson Electric Co., GE Electric, Honeywell International Inc., Invensys Plc., Rockwell Automation Inc., Siemens AG, Toshiba International Corp. and Yokogawa Electric Corp.
High level analysis
The report analyzes the potency of buyers & suppliers and the threat of substitute products and new entrants, based on the Porter's five force model. The end-users of the DCS are various industries, and technology providers such as Honeywell, GE, Emerson etc., have higher negotiation power. Therefore, the bargaining power of supplier is high. Buyers have to depend on the services of suppliers as DCS is complex. Therefore, the bargaining power of buyers is low. Technological advances allow development of new and alternative products; therefore, threat of substitute products is high. The DCS market is a capital intensive market, which reduces the threat of new entrants in the market. Constant introduction of new products and services by companies intensifies the rivalry in the market. The impact analysis of the top ten factors affecting the market is provided for the short and medium term. The key investment pockets are analyzed based on the market estimations of each segment. The key strategies adopted by the companies are analyzed in detail to give implications of the competitive scenario.
Comprehensive analysis of the factors that drive and limit the growth of the market are provided
Market estimations are done according to the current market situation and projected future trends for the period 2013-2020 with 2012 as base revenue
Deep-dive analysis of various geographies would give an understanding of the trends in various regions so that companies can make region specific plans
Deep dive analysis of segments such as component types and industry applications provide insights that would allow companies to gain competitive edge
The in-depth discussion of the supply chain participants of the market provides value chain analysis
The global distributed control system market is segmented by component types, industry applications and geographies as follows:
By Industry Application
Oil and gas industry
Water and waste water treatment industry
Metal and mining industry
Pulp and paper industry
Latin America, Middle East & Africa (LAMEA)
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