DCS Market in Europe to Grow at a CAGR of 5.26% over the Period 2014 - 2019; Finds New Report
Market Research Reports, Inc. has announced the addition of “DCS Market in Europe 2015-2019” research report to their website http://www.MarketResearchReports.com
Lewes, DE -- (SBWire) -- 04/30/2015 --Report forecast the DCS market in Europe to grow at a CAGR of 5.26 percent over the period 2014-2019.
DCS is an automated control system that is distributed across an entire organization. DCS ensures that each component or sub-system of a manufacturing plant is controlled by one or more controllers. Thus, each section of the plant has its own control operations. Hence, DCS solutions enable effective and efficient control and management of the entire plant. In addition, they also reduce downtime errors and increase productivity. DCS solutions are adopted by various industries such as Power, Pharmaceuticals, Oil and Gas, Pulp and Paper, Food and Beverages, Chemical, Automotive, and Packaging.
This report covers the present scenario and the growth prospects of the DCS market in Europe during the period 2015-2019. It considers the revenue generated from the following:
- Sales of hardware and software licenses
- Upgrades of existing solutions
- Maintenance and services
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.
DCS Market in Europe 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It presents the vendor landscape and a corresponding detailed analysis of major vendors in the DCS market in Europe. In addition, the report discusses the major drivers that influence the growth of the DCS market in Europe. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.
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.
Market driver
- Need to reduce manufacturing costs
- For a full, detailed list, view our report
Market challenge
- Reluctance to migrate to latest technology
- For a full, detailed list, view our report
Market trend
- Development of integrated DCS solutions
- For a full, detailed list, view our report
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?
Spanning over 81 pages and 42 Exhibits "DCS Market in Europe 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Brief Overview of DCS, Market Landscape, Market Segmentation by End-user, Key Leading Countries, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/dcs-market-europe-2015-2019
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