DISTRIBUTED CONTROL SYSTEMS MARKET LEADERSHIP
Distributed control systems are specifically designed for processes with multiple loops where automatic controllers are distributed in the entire system. DCS enhances the reliability of a controller as well as its performance. This system offers more control over complex processes and enables easy automation. The overall distributed control system market is expected to grow from USD 15.42 billion in 2016 to USD 20.33 billion by 2022, at a CAGR of 4.97% during the forecast period. The growth of the overall distributed control systems market is driven by various factors, such as a rise in power generation capabilities across the globe, growing industrial infrastructure in emerging markets, and increased use of renewable and nuclear energy for power generation. In 2016, the Best distributed control systems market was dominated by ABB Ltd, Rockwool International A/S, Honeywell, Siemens, Emerson Electric Co, GE, and Schneider Electric. These leading players adopted a number of major strategies in the distributed control system market that created a huge impact on its overall growth. These strategies comprise product launches, strategic partnerships, and business agreements, along with mergers & acquisitions. ABB is a leading manufacturer of electrical products. The company operates through four segments: 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 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. The company offers a wide range of products and services for complex and critical processes. ABB’s System 800xA provides process and production control and safety to end users in the oil & gas, petrochemicals, metal and minerals, marine, pulp and paper, chemicals, and power industries. Freelance is another solution provided by the company for simple to complex applications. The company also focuses on R&D to provide better products and services to its customers. Schneider Electric provides products and solutions for automation and energy management to various industries, such as oil & gas, mining, minerals & metals, power, food & beverage, infrastructure, water & wastewater, manufacturing, and chemicals & fertilizers. The company operates through four segments: Buildings, Industry, Infrastructure, and IT. It offers DCS systems through its Industry segment, which includes both process and discrete automation systems. The company operates in more than 100 countries in Europe, the Middle East and Africa, Asia Pacific, and North America. Schneider has a strong portfolio of