Global Distributed Control Systems (DCS) Market: Overview
A computerized control system for the supervision of a plant or a process is called distributed control system or DCS. Usually a distributed control system comes with many loops and in this system, autonomous controllers are distributed all over the system. However, a central operator supervisory control does not exist in the system.
The global distributed control systems (DCS) market is anticipated to witness stellar rise due to exponential growth of the power industry. In addition, increased capacity of power generation across the globe is together with expansion of the existing industrial infrastructure is developing parts of the world is expected to boost the market. In an effort to reduce carbon footprint on the environment, increased efforts are being made to generate power from renewable sources and nuclear energy sources. This is likely to boost expansion of the global distributed control systems (DCS) market in years to come.
Some of the key market players in the global distributed control systems (DCS) market comprise the below-mentioned:
- Honeywell International Inc.
- Larsen and Toubro Limited
- Schneider Electric SE
- Mitsubishi Motors Corporation
- Toshiba Corporation
- Rockwell Automation, Inc.
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Global Distributed Control Systems (DCS) Market: Notable Developments
One of the recent market developments related to the global Distributed Control Systems (DCS) market is as mentioned below:
- In Aug 2019, The U.S.-based pioneer in automation control, Honeywell Process Solutions (HPS), announced the entry of the latest version of Experion® LX, which is a various small and mid-sized companies. Innovations such as this is expected are expected to led to the development of the global distributed control systems (DCS) market.
Rising Demand of Energy from across the Globe is expected to Bolster its Demand
The global distributed control systems (DCS) market is estimated to be fuelled by the rising demand for energy from all over the globe. In addition to that, rapid industrialization worldwide has resulted in the development of latest and improved technologies, which have proven their worth in effectively meeting the high demands of power. Major industries and large plants make use of distributed control systems to enhance reliability of their control system. It also betters efficiency and quality of the process, which is why the global distributed control systems (DCS) market is likely to witness stellar growth over the tenure of assessment. distributed control systems finds extensive use in water management systems, automobile industries, oil & gas industries, nuclear power plants, and food processing units.
Furthermore, there has been a rise in demand for sales of energy related products along with its retrofits, which is likely to offer copious growth opportunities for the global distributed control systems (DCS) market in years to come. Internet-based systems offer remote polishing of operational functionalities and easy integration, which is likely to boost the market.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- What value propositions should businesses aim at while making new research and development funding?
- Which regulations will be most helpful for stakeholders to boost their supply chain network?
- Which regions might see the demand maturing in certain segments in near future?
- What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
- Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
- Which government regulations might challenge the status of key regional markets?
- How will the emerging political and economic scenario affect opportunities in key growth areas?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
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