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 Europe to grow at a CAGR of 5.26 percent over the period 2014-2019.
Covered in this report
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:
Technavio Announces the Publication of its Research Report – DCS Market in Europe 2015-2019
Technavio recognizes the following companies as the 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.
Commenting on the report, an analyst from Technavio’s team said: “The development of integrated DCS solutions is a key trend prevailing in the market. Organizations are increasingly looking for DCS solutions that can be effectively integrated with other plant operations to optimize overall efficiency. Therefore, some key vendors such as ABB and Honeywell International have started offering additional services to their customers to easily integrate DCS solutions with their plant management systems.”
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.
ABB Ltd, Emerson Electric Co, Honeywell International, Inc,Schneider Electric Corp, Siemens AG, FMC Technologies, General Electric, Metso, Rockwell Automation, Toshiba International, Yokogawa Electric