The global distributed
control systems market is projected to reach USD 20.33 billion by 2022, at
a CAGR of 4.97%, from 2017 to 2022. This growth is primarily driven by the
increased use of renewable and nuclear energy for power generation and booming
power sector and augmented power generation capacities worldwide.
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Asia Pacific is expected to be the largest market for DCS
followed by North America till 2022. The global market is dominated by a few
players including ABB (Switzerland), Emerson (US), Siemens (Germany), Honeywell (US), and
Schneider Electric (France).
The major strategies adopted by the players include
contracts & agreements, new product launches, expansions and investments,
mergers & acquisitions, and joint ventures and collaborations. Contracts
& agreements was the most commonly
adopted strategy from 2014 to August 2017. Industry players also adopted new
product developments, which was the second most widely followed strategy,
during the same period.
ABB is a
leading manufacturer of electrical products. The company operates through 4
segments, namely, power grids, electrification products, discrete automation
and motion, and process automation. It offers distributed control system
products through its process automation segment. The company offers a wide
range of products and software for distributed control (DCS) systems. ABB
mainly focuses on the human factor and, hence, provides interfaces between
panels and complete control room systems to drive productivity, quality, and
safety. ABB operates in more than 100 countries across Europe, the Americas,
and Asia, Middle East and Africa (AMEA).
It has approximately 320 operating and holding subsidiaries worldwide,
including ABB India Limited, ABB Argentina, ABB Canada, and ABB Beijing Drive
Systems. In May 2016, ABB was awarded a contract by TAKRAF GmbH to provide a
complete power and automation solution to
the company.
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Emerson
provides manufacturing products and services to a wide range of commercial and
consumer markets worldwide. The company operates through 4 segments, namely,
process management, climate technologies, industrial automation, and commercial
and residential solutions. It offers distributed control systems (DCS)
through its process management and industrial automation segments. The
company’s process management segment offers both systems and software to
end-users. Emerson’s most popular DCS
systems are Ovation and DeltaV. It provides its services to various industries
such as oil & gas, refining, chemicals and power generation,
pharmaceuticals, food and beverage, pulp and paper, and metals and mining. In
2016, 42% of Emerson’s process management segment’s revenue was generated in
North America. This was followed by Asia Pacific and Europe, accounting for 23%
and 19%, respectively, in the same year. The company has 220 manufacturing
locations and operates in 150 countries. In September 2017, the company
launched the DeltaV PK controller, an advanced version of the DeltaV
distributed control system.
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MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
