DCS Market in APAC 2015-2019
DCS are decentralized automated control systems that are distributed across an organization. Their distribution is such that each component or sub-system of a manufacturing plant is controlled by one or more controllers, following which, instructions can be provided to different parts of the plant. Each section of the plant controls its own operations as there is no centralized control system. Decentralization enables DCS to provide effective and efficient control and management to the entire plant. DCS also facilitate reduction in downtime errors and increase the plant's productivity. Industries such as power, pharmaceutical, oil and gas, pulp and paper, F&B, chemical, automotive, and packaging are increasingly adopting DCS solutions to increase overall productivity.
Technavio's analysts forecast the DCS market in APAC to grow at a CAGR of 4.36% over the period 2014-2019.
Covered in this Report
The DCS market in APAC can be divided into eight main segments based on end-users: power, pharmaceutical, oil and gas, pulp and paper, food and beverage, chemical, automotive, and packaging industries. The above end-user segments are the major consumers of DCS systems and their performance has a direct impact on market growth.Technavio's report, DCS Market in APAC 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Distributed Control Systems (DCS) Market in APAC 2015-2019
Technavio recognizes the following companies as the key players in the Distributed Control Systems (DCS) Market in APAC: ABB, Emerson Electric, Honeywell International, Siemens and Yokogawa Electric
Other Prominent Vendors in the market are: FMC Technologies, General Electric, Metso, Mitsubishi Heavy Industries, Rockwell Automation, Schneider Electric and Toshiba International
Commenting on the report, an analyst from Technavio’s team said: “Increased economic growth in developing countries is one of the major positive trends that will increase power consumption over the forecast period. This will lead to greater investment in new power plants to satisfy this growing demand, which will require DCS solutions to effectively operate.”
According to the report, growing global awareness regarding green energy and reducing carbon emission levels has stimulated investment in renewable energy resources. China and India are already providing subsidies and other concessions to set up hydro, wind, and solar parks. These facilities will require DCS for effective control of plant operations.
Further, the report states that production overcapacity is affecting industry players and has prompted major industries in China to scale back their planned investments. This poses a great challenge for DCS vendors, as automation of plant facilities requires substantial investment.
ABB, Emerson Electric, Honeywell International, Siemens, Yokogawa Electric, FMC Technologies, General Electric, Metso, Mitsubishi Heavy Industries, Rockwell Automation, Schneider Electric, Toshiba International