ABB confirmed as DCS market leader for 20 years: report
In a growing market expected to reach US$17.4 billion globally by 2023, a market analysis report by the ARC Advisory Group confirms 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 industries was a major factor in this success. The DCS market saw its main growth in oil and gas, chemicals and refining, where also ABB has a strong footprint.
“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 has grown its market share by 1.8% since 2008.
“Being independently verified as the global market leader in DCS for 20 years is an outstanding moment of pride for ABB, and a testament of our technology leadership and the strength of our long-term customer relations,” Terwiesch said. “We continue to invest in developments that extend the power of the DCS, to combine electrical and process automation, and help our customers leverage the era of digitalisation with cloud and edge-based applications and services.”
“In dynamic, digitalising 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.”
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.
ABB is involved in industry bodies and user associations such as the Open Process Automation Forum, NAMUR and OPC Foundation, to develop and promote open standards and interoperability, ensure customer-focused technology development and foster collaborative industry leadership.
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