In a growing market expected to reach US$17.4 billion globally by 2023, a market analysis report by the ARC Advisory Group, has confirmed that ABB increased its share of the Distributed Control System (DCS) market to 20%, retaining its leadership position for the 20th year running.
According to the report, ABB’s strong presence in many end-user industries was a major factor in this success. The DCS market saw its main growth in oil and gas, chemicals and refining.
“I want to thank our long-standing customers for their cooperation and loyalty over decades,” said Dr Peter Terwiesch, President, ABB Industrial Automation. “Partnership and collaboration with our customers have shaped ABB’s automation offering and domain expertise into what it is today. I am also pleased that new customers, in traditional and new industries, are finding value in ABB’s DCS solutions.”
The company grew its market share by 1.8% since 2008.
“In dynamic, digitalizing industries, it’s challenging to maintain consistency with the fast pace of technology development and rapid market changes,” said Harry Forbes, Senior Analyst, ARC Advisory Group. “As analysts, it’s interesting to observe how ABB manages acquisitions, maintains installed bases and addresses the Internet of Things with consistency in DCS and other automation market spaces.”
In the process and hybrid industries, DCS are the heart of plant-level digitalisation, helping producers to become more productive and profitable. They automatically control production processes, thus ensuring high production availability, maximum asset utilisation, increased process efficiency and optimum 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.
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.
Read the article online at: https://www.hydrocarbonengineering.com/refining/12122019/abb-leading-the-way-in-dcs/