Boston, MA -- (SBWIRE) -- 09/15/2015 -- A DCS is an automated control system that, rather than being centralized, is distributed across an entire organization. DCS is distributed in such a way that each component or sub-system of a manufacturing plant is controlled by one or more controllers, thereby providing instructions to different parts of the plant. Thus, instead of having a centrally located control system, each section of the plant has its own control operations. DCS solutions, hence, enable the effective and efficient control and management of the entire plant. Further, they facilitate a reduction in downtime errors and an increase in the productivity of the plant. DCS is adopted by industries that require multi-step processing such as power, pharmaceuticals, oil and gas, pulp and paper, food and beverage, chemical, automotive, and packaging.

Get More Details on this Report and a Full Table of Contents at Global Distributed Control Systems Market in Power Industry 2015-2019

Technavio's analysts forecast the Global DCS market in the power industry to grow at a CAGR of 3.03% over the period 2014-2019.

Commenting on the report, an analyst from Technavio's team said: "The flourishing economy in developing countries has been a major boost for increasing purchasing capacity, and, in turn, increase power consumption. This will shift focus on investments in new power plants, to comply with increased power requirements, resulting in increased demand for DCS solutions."

According to the report, surge in outsourcing is an important market growth driver. India and China are the ideal outsourcing destinations due to the easy availability of low-cost labor and flexible foreign direct investment (FDI) policies. Manufacturing activities vying for international standards are fully automated, and are therefore, dependent on electricity. Thus, an increase in outsourcing of manufacturing activities to APAC will increase the demand for electricity. This is expected to drive the demand for DCS solutions in the power industry.

Further, the report states that end-users, especially in developing countries, are hesitant to adopt DCS solutions in process industries.

The key players in the Global Distributed Control Systems (DCS) Market in Power Industry are ABB, Emerson, Honeywell, Siemens and Yokogawa while other prominent vendors include GE, Metso, Mitsubishi, Omron, Rockwell, Schneider and Toshiba

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 - http://www.technavio.com/report/global-distributed-control-systems-market-in-power-industry-2015-2019

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Energy research reports at Fast Market Research

You may also be interested in these related reports:

-Global Nitrogen Oxide (NOx) Control Systems Market - Analysis and Forecast to 2019
-Global DCS Market in the Power Industry 2014-2018
-Global SCADA Market in Power Industry 2015-2019
-Sand Control Systems Market - Global trends and forecasts to 2019
-General Electric Company (GE) - Clean Technology - Deals and Alliances Profile