Title: Global Distributed Control Systems (DCS) Market in Oil and Gas Industry 2014-2018
1Global DCS Market in the Oil and Gas Industry
2014-2018
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- Published October 2014
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2Global DCS Market in the Oil and Gas Industry
2014-2018
- One of the major trends in this market is the
integration of DCS solutions with plant
management systems. To optimize plant operation,
DCS solutions must easily and effectively
integrate with other plant operations. Process
control, process electrification, power
distribution, and management systems of the plant
are integrated to enable organizations to obtain
real-time information, thereby reducing failure
rates and improving the decision-making
capability of the organization. - According to the report, one of the main drivers
in the market is the increased consumption of oil
and gas. The recovery in the economy and
increased demand for oil and gas in countries
such as India and China has resulted in increased
infrastructure investment in the Oil and Gas
industry. -
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3Global DCS Market in the Oil and Gas Industry
2014-2018
- A DCS is an automated control system that, rather
than being centralized, is distributed across an
entire organization. DCSs are distributed in such
a way that each component or sub-system of a
manufacturing plant is controlled by one or more
controllers, thereby providing instructions to
different parts of the plant. Thus, instead of
having a centrally located control system, each
section of the plant has its own control
operations. DCSs, hence, enable the effective and
efficient control and management of the entire
plant. Further, they facilitate a reduction in
downtime errors and an increase in the
productivity of the plant. DCSs are adopted by
various industries such as Oil and Gas, Power,
Pharmaceuticals, Pulp and Paper, Aerospace,
Automotive, Shipbuilding, Machinery
Manufacturing, Consumer Durables, and Food and
Beverages. - Analysts forecast the Global DCS market in the
Oil and Gas industry to grow at a CAGR of 5.10
percent over the period 2013-2018. - Covered in this Report
- The report covers the present scenario and the
growth prospects of the Global DCS market in the
Oil and Gas industry for the period 2014-2018.
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4Global DCS Market in the Oil and Gas Industry
2014-2018
- Global DCS Market in the Oil and Gas Industry
2014-2018, has been prepared based on an in-depth
market analysis with inputs from industry
experts. -
- The report covers the Americas, and the APAC and
EMEA regions it also covers the landscape of the
Global DCS market in the Oil and Gas industry and
its growth prospects in the coming years. The
report includes a discussion of the key vendors
operating in this market. - Key Regions
- Americas
- APAC
- EMEA
-
- Analyst recognizes the following companies as the
key players in the Global DCS Market in the Oil
and Gas Industry ABB Ltd., Emerson Electric Co.,
Honeywell International Inc. and Siemens AG.
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5Global DCS Market in the Oil and Gas Industry
2014-2018
- Other Prominent Vendors in the market are
General Electric, Metso, Mitsubishi Heavy
Industries, Omron, Rockwell Automation, Schneider
Electric, Toshiba International and Yokogawa
Electric. - Market Driver
- Increased Consumption of Oil and Gas
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/Discount.aspx?name313456. - Market Challenge
- Lack of Skilled Workforce
- Market Trend
- Integration of DCS Solutions with Plant
Management Systems
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6Global DCS Market in the Oil and Gas Industry
2014-2018
- Key Questions Answered in this Report
- What will the market size be in 2018 and what
will the growth rate be? - What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats
faced by the key vendors? - What are the strengths and weaknesses of the key
vendors? - Explore Report on IT Telecommunication Market.
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