DCS market continues its strong growth
August 22, 2008 by Manufacturing AUTOMATION
Dedham, Mass. -Despite global economic uncertainty, a new study from ARC advisory group has found that the market for process manufacturing and automation is still going strong, particularly the global market for DCS.
The report found that the global DC market grew by almost 13 per cent between 2006 and 2007, and that growth is expected to continue.
“ARC expects there to be continued growth in the global DCS market through 2012, with the overall CAGR of just under 10 per cent,” says ARC research director Larry OÃBrien. “This may seem like an overzealous growth projection to some, but the process automation market remains poised for long-term growth on several fronts that we believe will be sustainable for the next several years.
The report also found that both end users and engineering and procurement firms (EPCs) are increasingly looking to automation suppliers to provide them with automation project execution capabilities. There is more to this equation, however, than simply project backlogs. Many factors are contributing to growth in project and engineering services for automation suppliers. As a result, suppliers are beginning to fill the role of a main automation contractor (MAC), overseeing all aspects of automation projects and providing a single point of responsibility for automation projects from design to startup.