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Vol. 15, No. 12 Week of March 21, 2010
Providing coverage of Alaska and northern Canada's oil and gas industry

Arctic Directory: ABB retains DCS market share worldwide for ’08

ABB said July 21 that it had retained the leading worldwide market position in the core automation market for the latest version of ARC Advisory Group’s “Distributed Control Systems Worldwide Outlook” study. The study says the explosive growth that characterized the distributed control systems market up until 2008 is gone due to the global economic crisis. ARC predicts that the compound annual growth rate for this market through 2013 will be curbed to 3 percent.

Distributed control systems-related services offer the best opportunity for growth in the near future, the report said.

Customer demand for value-added services from automation suppliers has never been higher, ARC said. These include project services such as the main automation contractor concept, where the supplier takes full responsibility for all aspects of an automation project, as well as other after-sales distributed control systems services that help end users optimize plant performance.

“ABB’s comprehensive automation system lifecycle approach helps our customers get the maximum value out of their existing control system investment, while providing a secure evolution path forward to help them maintain their competiveness and reach their productivity targets,” said Veli-Matti Reinikkala, head of ABB’s process automation division. “Our leading-edge technology, dedicated global services team and commitment to our installed base provide an unbeatable combination to transcend today’s troubled economy and prepare for tomorrow’s new challenges.”



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