August 21, 2008 -- In the newest version of ARC Advisory Group’s “Distributed Control Systems Worldwide Outlook,” study, ABB maintained its leading worldwide market position in this core automation market. The study reports that the total worldwide market for DCS (distributed control systems) remained strong in 2007 despite global economic uncertainty, increasing by almost by 13% between 2006 and 2007, with total revenues of $15 billion. ARC forecasts that the compound annual growth rate for this market through 2012 will be remain stable, at just under 10%.
The ARC report states that the process automation market remains poised for long-term growth on several fronts, and that this growth will be sustainable for the next several years. The increasing demand for expanded project and engineering services, as well as the need to modernize the aging installed base of DCS systems, estimated at over $65 billion worldwide, will drive this market growth forward. Most of the end users that ARC deals with list control system modernization as one of the key issues they are facing today.
“ABB continues to successfully evolve its installed base forward to its System 800xA platform, and offers new evolution options for competitive systems,” said Larry O'Brien, Research Director for Process Industries, ARC. “ABB’s comprehensive automation lifecycle approach for all of its systems, and its continued focus on delivering business value benefits to its customers with its automation solutions, have helped ABB retain its leadership position in the worldwide market.”
According to the study, ABB was also the regional market share leader for Europe/Mid East/Africa (EMEA), and the worldwide leader in key global verticals including Oil & Gas, Mining and Metals, Cement and Glass, and Pulp and Paper.
In addition to control system modernization services, the ongoing and increasing need for expanded automation project execution capabilities by end users and EPCs (Engineering and Procurement firms), will also continue to drive market growth over the next few years.
“With the world’s largest installed base of automation systems, ABB is committed to providing our customers with the system evolution services and incremental path forward they need to maintain their productivity and competitiveness,” said Veli-Matti Reinikkala, head of ABB’s Process Automation division. “ABB also has the project execution experience, resident knowledge and resources, combined with our industry leading DCS and complementary automation and electrical technologies, needed to serve as the Main Automation and Main Electrical Contractor for our customers to make projects of all sizes and complexities successful.”
The Asian market, China in particular, continues to be a primary global growth driver for automation, especially for greenfield projects, according to ARC. There are long-term growth opportunities in the pharmaceutical and batch industries, with the increasing need for more advanced forms of automation to achieve regulatory compliance. The oil and gas industry in China will also continue to expand, as offshore production will increase to meet China’s growing demand for energy. ARC’s study includes a special section that provides further analysis and projections for this dynamic market.
Founded in 1986, ARC Advisory Group has grown to become the Thought Leader in Manufacturing and Supply Chain solutions. ARC analysts have the expert industry knowledge and first-hand experience to help clients find the best answer to complex business issues. ARC focuses on simple yet critical goals: improving clients’ return on assets, operational performance, total cost of ownership, project time-to-benefit, and shareholder value.
ABB is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 115,000 people.
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