Global Distributed Control Systems Market in Power Industry 2015-2019

Market size and forecast of the global DCS market

The global DCS market in the power industry was valued at close to US$6 billion in 2014. The power sector is the foundation of almost all industries; it is one of the biggest and most influential industries globally with respect to number and value of projects and facilities. Developing economies such as India and China are investing heavily in power projects to cope with the growing demand for electricity. It has contributed to the increase in a number of power projects globally. In the developed economies, aging infrastructure, legislative policies governing emissions, and the switch over to renewable energy are driving capital spending in the power industry.

Increased electricity consumption is driving the demand for DCS solutions in the power industry worldwide. Simultaneously, an increase in the number of power generation units is expected to drive the demand for the latest technology automation solutions over the next four years.

Benefits of DCS and why is it important?

Power plants need right air to fuel ratio for efficient combustion. Insufficient combustion results in fuel wastage, accumulation of undesirable material on the heat-transfer surfaces, and emissions of soot, smoke, and carbon monoxide (CO).

High air percentages reduce the heating efficiency as excess air consumes more heat in the form of flue gasses. It reduces the overall boiler efficiency of the plant. This issue can be corrected by measuring the level of oxygen in the flue gas, which indicates the amount of excess air supplied to the process. Depending on the quantity of oxygen in the flue gas, DCS controls the air supplied to the boiler and thus maximizes fuel efficiency.

Geographical segmentation of the global DCS market

• EMEA
• APAC
• Americas

The power industry in Europe needs substantial investments for the next 15 years to satisfy the growing demand for electricity. More investments are expected for power generation and network assets in the forecast period, which includes conventional power plants, renewable generation, and smart transmission and distribution grids. Replacing aging power plant infrastructure also requires high investments. DCS solutions improve plant operations and reduce power wastage effectively.

Top companies in the global DCS market

• ABB
• Emerson
• Honeywell
• Siemens
• Yokogawa

Other prominent vendors in the market include GE, Metso, Mitsubishi, Omron, Rockwell, Schneider, and Toshiba.

The global DCS market in the power industry has a multitude of well-diversified international, regional, and local vendors that offer individualized automation control systems at cost-effective prices. However, as international players are expanding their horizons, local vendors are facing stiff competition in terms of quality, features, and system capability.

Key questions answered in the report

• What are the key factors driving the global DCS market?
• What are the key market trends impacting the growth of the global DCS market
• What are the various opportunities and threats faced by the vendors in the global DCS market
• Trending factors influencing the market shares for EMEA, APAC, and Americas?
• Key outcome of the five forces analysis on the global DCS market?
• Growth forecast of the global DCS market until 2019?
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Related reports

• DCS Market in APAC 2015-2019
• DCS Market in the US 2015-2019
• DCS Market in Europe 2015-2019