ARC study explores the distributed control system market
In the newest version of ARC Advisory Group’s “Distributed Control Systems Worldwide Outlook,” study, ABB retained its leading worldwide market position in this core automation market based on revenues. According to the study, the global DCS (distributed control system) market in 2012 grew modestly, with stronger growth in North America and Latin America. The overall market for DCS increased by 3 percent, while North America increased by almost 18 percent.
The ARC report stated that there were several factors that contributed to the Americas regional growth in 2012. The overall economic recovery in North America has been stronger than in other parts of the world; contributing factors to this include the increased use of new technologies in oil & gas production and related petrochemical project expansion in the region.
According to the study, based on revenues, ABB was also the market share leader for Latin America, and Europe/Mid East/Africa (EMEA) regions. ABB remained the global market share leader for both Service and Software and the worldwide leader in key global verticals including Oil & Gas, Mining & Metals, and Pulp & Paper.