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.
TechNavio's analysts forecast the DCS market in the US to grow at a CAGR of 3.64% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the DCS market in the US during the period 2015-2019. It considers the revenue generated from the following:
Technavio Announces the Publication of its Research Report – DCS Market in the US 2015-2019
Technavio recognizes the following companies as the key players in DCS Market in the US 2015-2019: ABB Ltd, Emerson Electric Co, Honeywell International-Inc and Siemens AG.
Other Prominent Vendors in the market are: General Electric, Metso, Mitsubishi Heavy Industries, Omron, Rockwell Automation, Schneider Electric, Toshiba International and Yokogawa Electric.
Commenting on the report, an analyst from Technavio’s team said: “Cyber security has assumed increased importance among end-users, driven by the increased adoption of open and interoperable automation systems. Any breach of data security could jeopardize the operational efficiency of manufacturing units. Many suppliers are offering solutions, either in-house or through partnerships, to address data security threats. Vendors are providing network firewalls and strategically placed switches to help prevent virus attacks and intrusions.”
According to the report, the need to improve productivity has become a key factor driving market growth. The implementation of DCS helps an organization to reduce failure time and respond quickly to any kind of disruption in the production process.
Further, the report states that the high initial investment required to implement DCS is the key challenge in the market.
ABB Ltd, Emerson Electric Co, Honeywell International-Inc, Siemens AG, General Electric, Metso, Mitsubishi Heavy Industries, Omron, Rockwell Automation, Schneider Electric, Toshiba International, Yokogawa Electric
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