The "Global
Advanced Process Control Market - Segmented By Type, End-user, and
Geography - Growth, Trends, and Forecast (2018 - 2023)" report
has been added to ResearchAndMarkets.com's offering.
The
Advanced Process Control Market was valued at USD 1050.24 million in
2017, and is expected to value at USD 1779.8 million by 2023 at a CAGR
of 9.19%, over the forecast period 2018-2023.
Oil & Gas is
the largest sector in the global market, with the largest market share
in 2016. High adoption rate of automation and critical nature of
operations in the industry, are supporting the demand for advanced
process control. With the dip in oil prices in the recent years, the
industry is now focusing on improving efficiency and deferring
investments from new projects to existing infrastructure development.
To
remain productive and competitive, manufactures are adopting creative
and energy efficient methods to improve the business-development model.
The seamless integration of hardware and software is enabling
manufacturing industries to reduce wastage, lower accident rates, and
produce robust and accurate products profitably. Automation is becoming
an integral part of the modern manufacturing and industrial operations.
Advanced
regulatory control is the foundation of the advanced process control
systems. Rapid industrialization and the increasing demand for
intelligent and more accurate functional systems is boosting the
advanced regulatory control system market. Advanced regulatory controls
incorporate knowledge of process dynamics, constraints, and
disturbances. With industrial sector considering the increase of
capacity and process efficiency in industries, there is a growth in
consumption.
Companies Mentioned
- ABB Ltd
- Aspen Technology Inc.
- Emerson Electric Co.
- General Electric Co.
- Honeywell International Inc.
- Rockwell Automation Inc.
- Rudolph Technologies Inc.
- Schneider Electric Se
- Siemens AG
- Yokogawa Electric Corp.
Key Topics Covered:
1. Introduction
2.
Research Methodology
3. Market Analysis
4. Market
Dynamics
5. Technology Snapshot
6. Global Advanced
Process Control Market Segmentation
7. Competitive
Intelligence
8. Investment Analysis
9. Future of
the Advanced Process Control Market
For more information
about this report visit https://www.researchandmarkets.com/research/7pm9xg/global_advanced?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180518005211/en/
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Related
Topics: Engineering