December 12, 2019 – In a growing market expected to reach $17.4 billion globally by 2023, a market analysis report by the ARC Advisory Group, an industry analyst firm, confirms that ABB increased its share of the Distributed Control System (DCS) market to 20.0 percent, retaining its leadership position for the 20th year running.
According to the report, ABB’s presence in many end-user industries was a major factor in this success. The DCS market saw its main growth in oil & gas, chemicals and refining, where also ABB has a strong footprint.
In the process and hybrid industries, DCS are the heart of plant-level digitalization. They automatically control production processes, thus assuring production availability, maximum asset utilization, process efficiency and product quality. Ultimately, DCS enable safe, smart and sustainable goods production, power generation and water purification to enhance the lives of people around the world.
ABB’s DCS is also a collaboration tool that integrates electrification, instrumentation, automation, telecommunications and safety. Supplementing its production role, data is gleaned from DCS to derive improvement actions that customer and ABB experts employ to drive plant and enterprise operations.
An example of the technology that producers turn to is ABB’s single-channel Select I/O. With its digital marshalling capability, Select I/O allows users to engineer large capital projects with maximum flexibility and resilience to late changes.
ARC’s report suggests that services are likely to be a fast-growing segment of the DCS market. In addition to traditional services, ABB invests heavily in remote-enabled, software-assisted services that are important contributors to DCS security, performance improvement and lifecycle evolution.
ABB is involved in industry bodies and user associations such as the Open Process Automation Forum, NAMUR, and OPC Foundation, to develop and promote open standards and interoperability, ensure customer-focused technology development and foster collaborative industry leadership.
Looking ahead, emerging countries continue to be a key focus for market development. A resurgence of the global oil & gas upstream industry, expansion of the chemical industry in Asia, and development of the global Liquified Natural Gas (LNG) market are a few of the trends driving growth forecasts for DCS.
Founded in 1986, ARC Advisory Group is the leading technology research and advisory firm for industry, infrastructure, and cities due to its in-depth coverage of both operational technologies (OT), engineering technologies (ET) and associated business trends.
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December 12, 2019 – In a growing market expected to reach $17.4 billion globally by 2023, a market analysis report by the ARC Advisory Group, an industry analyst firm, confirms that ABB increased its share of the Distributed Control System (DCS) market to 20.0 percent, retaining its leadership position for the 20th year running.
According to the report, ABB’s presence in many end-user industries was a major factor in this success. The DCS market saw its main growth in oil & gas, chemicals and refining, where also ABB has a strong footprint.
In the process and hybrid industries, DCS are the heart of plant-level digitalization. They automatically control production processes, thus assuring production availability, maximum asset utilization, process efficiency and product quality. Ultimately, DCS enable safe, smart and sustainable goods production, power generation and water purification to enhance the lives of people around the world.
ABB’s DCS is also a collaboration tool that integrates electrification, instrumentation, automation, telecommunications and safety. Supplementing its production role, data is gleaned from DCS to derive improvement actions that customer and ABB experts employ to drive plant and enterprise operations.
An example of the technology that producers turn to is ABB’s single-channel Select I/O. With its digital marshalling capability, Select I/O allows users to engineer large capital projects with maximum flexibility and resilience to late changes.
ARC’s report suggests that services are likely to be a fast-growing segment of the DCS market. In addition to traditional services, ABB invests heavily in remote-enabled, software-assisted services that are important contributors to DCS security, performance improvement and lifecycle evolution.
ABB is involved in industry bodies and user associations such as the Open Process Automation Forum, NAMUR, and OPC Foundation, to develop and promote open standards and interoperability, ensure customer-focused technology development and foster collaborative industry leadership.
Looking ahead, emerging countries continue to be a key focus for market development. A resurgence of the global oil & gas upstream industry, expansion of the chemical industry in Asia, and development of the global Liquified Natural Gas (LNG) market are a few of the trends driving growth forecasts for DCS.
Founded in 1986, ARC Advisory Group is the leading technology research and advisory firm for industry, infrastructure, and cities due to its in-depth coverage of both operational technologies (OT), engineering technologies (ET) and associated business trends.
Check out our free e-newsletters
to read more great articles.
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