Press release
Distributed Control System Market Challenges, Industry Analysis, Growth by Leading International Manufacturers with its Applications by Forecast to 2023
Distributed control systems are driven by the facts such as increasing energy and power sector, technological advancements in control system, rising adoption of cloud computing technology, and increasing automation to reduce personnel costs. For instance, the smart grids in power sector include cloud technology, which serve by providing power equally to all regions, and takes accurate response of injection, withdrawal, and frequency of power. Distributed control systems has various advantages, including inexpensive computation, pervasive embedded sensing, actuation, and communication.
Market Segmenattions:-
Distributed control systems market is segmented based on industry, component, application, and region. On the basis of industry, the market is segmented as oil & gas, power generation, chemicals, pharmaceuticals, metals & mining, pulp & paper, food & beverage, others. Amongst these, oil & gas industry is expected to dominate the market during the forecast period, owing to major players implementing the distributed control systems, and increasing automation and cloud computing technology in the field of operations and in logistics and refineries. Based on component, the distributed control systems market is classified as hardware, software and services.
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Industry Top key Players:-
• Schneider Electric SE
• ABB Ltd.
• Rockwell Automation Inc.
• Alstom SA
• Siemens AG
• Toshiba
Table Of Content:-
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
5 Global Distributed Control Systems Market, By Application
5.1 Introduction
5.2 Continuous Process
To be continued......
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Global HVDC Transmission Market:-
The growth of global HVDC transmission market is encouraged by the growing demand for electrical power from offshore wind farms. As the traditional transmission system has become obsolete and out dated, the HVDC transmission systems help in better transmission systems than conventional AC systems, and reduce losses in transmitting electricity. Other than this, HVDC transmission significantly help fetch power from the offshore power sources. With the trend of smart cities, conventional overhead transmission cables are expected to be replaced with HVDC Underground transmission cables. Installation of HVDC transmission cables will further compensate the transmission of electricity, internationally, by asynchronous grid systems.
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