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Integration of DCS and Plant Management Systems Will Bolster the Global DCS Market in the Oil and Gas Industry

FOR IMMEDIATE RELEASE, Illinois – United States – October 30,2014 (PR Buzz): Reportstack has announced a new market research report on the Global DCS Market in the Oil and Gas Industry, which is expected to grow at a CAGR of 5.1 percent from 2014-2018. DCS or distributed control systems are automated control systems that control components and sub-systems of manufacturing plants, providing instructions to different parts of the plant.

About the Report

The report focuses on economic recovery and increased demand for oil and gas in countries like India and China, which has resulted in increased infrastructure investment in the oil and gas industry. The report also highlights the integration of DCS solutions with plant management systems so as to optimize plant operations.

 “Some key vendors like ABB and Honeywell offer additional services that would help easy integration of DCS solutions with plant management systems. For instance, process control, process electrification, power distribution and management systems of the plant are integrated to enable organizations to obtain real-time information, thus reducing failure rates and improving the decision-making capability of the organization,”.

Key Information Covered in the Report:

Market segmentation, size and forecast through 2018

Market Growth Drivers:

Increased Consumption of Oil and Gas
For a full detailed list, view our report.

Market Challenges:

Lack of Skilled Workforce
For a full detailed list, view our report.

Market Trends:

Integrating DCS Solutions with Plant Management Systems
For a full detailed list, view our report.

Key Vendors:

ABB Ltd.
Emerson Electric Co.
Siemens AG

Other Prominent Vendors:

General Electric
Metso
Omron

Complete report available @ Global DCS Market in the Oil and Gas Industry 2014-2018

Contact:

Debora White
United States
Email: debora@reportstack.com
Ph: +1-888-789-6604
Reportstack

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