Global DCS Market in the Power Industry to Grow at a CAGR of 3.03% During 2014-2019; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Distributed Control Systems Market in Power Industry 2015-2019” research report to their website


Lewes, DE -- (SBWire) -- 09/08/2015 --Report forecast the Global DCS market in the power industry to grow at a CAGR of 3.03% over the period 2014-2019.

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.

This report covers the present scenario and the growth prospects of the Global DCS market in the power industry during the period 2015-2019. To calculate the market size, the report considers revenue generated from the following: sales of hardware and software licenses, renewal of software licenses, upgrades of existing solutions, maintenance and services. It also presents the vendor landscape and a corresponding detailed analysis of the major vendors in the market. In addition, it discusses the major drivers that influence the growth of the market.

Global DCS Market in Power Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global DCS market in the power industry and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

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.

Key regions
- Americas

Key players in the Global Distributed Control Systems (DCS) Market in Power Industry: ABB, Emerson, Honeywell, Siemens and Yokogawa

Other Prominent Vendors in the market are: GE, Metso, Mitsubishi, Omron, Rockwell, Schneider and Toshiba

Key market driver
- Outsourcing of manufacturing activities to APAC
- For a full, detailed list, view our report

Key market challenge
- Reluctance among end-users to migrate to latest technology
- For a full, detailed list, view our report

Key market trend
- Economic growth in developing countries
- 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?

Spanning over 76 pages "Global Distributed Control Systems Market in Power Industry 2015-2019" report covers Executive Summary, Scope of the Report, Market Research Methodology, Introduction, Market landscape, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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