The Key Players in Global Distributed Control Systems (DCS) Market in Power Industry 2015-2019
Friday 28 August 2015, Amsterdam
The report recognizes the following companies as the 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
Commenting on the report, an analyst said: “The flourishing economy in developing countries has been a major boost for increasing purchasing capacity, and, in turn, increase power consumption. This will shift focus on investments in new power plants, to comply with increased power requirements, resulting in increased demand for DCS solutions.”
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.
Further, the report states that end-users, especially in developing countries, are hesitant to adopt DCS solutions in process industries.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Global Distributed Control Systems Market in Power Industry 2015-2019
Publish date : August 2015
Report code : ASDR-215349
Pages : 76