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Global Operator Training Simulator Market Opportunities, Future Trends, Growth Factors and Industry Expansion Strategies 2024 By Top Honeywell, TRAX, Bayer AG, DuPont, EON Reality, AVEVA, AspenTech, GSE Systems, Hyperion, ABB Group, Siemens

10-15-2018 03:11 PM CET | IT, New Media & Software

Press release from: Global Market Insights Inc.

Global Market Insights

Global Market Insights

Operator Training Simulator Market is designed to train operators in various industries operating in high-risk environments, for instance, chemical, mining and refining industries. It enables operator-training at a lower time and faster knowledge retention as compared to traditional training techniques. Technological innovations and advancements provide opportunities driving the operator training simulator market growth.

Operator Training Simulator Market size drivers include the rising digital generation workforce and government rules regulating operator safety. Operator performance is critical to process safety, reliability and profit. Operator errors can have an extensive negative impact on the safety of the operating equipment and human life, and induce risks and undesirable costs.

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The economic growth in developing and developed countries has increased the demand for production operations and driven up the demand for skilled labor. Government rules and regulations monitoring operator safety and environment compliancy have necessitated time efficient and durable training technologies. Operator training simulator market allows the prevention of accidents and undesirable outcomes by providing worst case scenarios of real life situations.

The manufacturing and maintenance costs of virtual reality based training systems is high owing to the complexity of the simulator production. The labor required for its manufacturing is highly specialized and further increases the input costs. Awareness of the benefits of operator training simulator market is limited and has reduced the adoption of these equipment in the training process of the enterprises. The head and eye movement technology used in these simulators must be finely tuned to respond to real-time operator reactions and requires precision and technological complexity.

Operator training simulator market solution is designed to train operators in various industries operating in high-risk environments, for instance, chemical, mining and refining industries. It enables operator-training at a lower time and faster knowledge retention as compared to traditional training techniques. Technological innovations and advancements provide opportunities driving the operator training simulator market growth. Immersive simulators is a rising trend which creates a virtual, interactive 3D atmosphere for the operator. These simulators are gaining prominence in the oil and gas industries for risk mitigation driving the operator training simulator market.

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Operator training simulator market can be segmented based on applications which comprise chemicals, oil & gas, nuclear, mining, pulp and paper, refining, metal and mining, automotive, marine, defense, medical and biotech, food and beverage, and other industries. The market is anticipated to experience high growth in mining, oil and gas, and nuclear application segment. Risk mitigation is a primary factor contributing to growth in the oil and gas industry. The elevated risk and potentially harmful environment of these industries requires skill and precision.

The U.S operator training simulator market is estimated to lead the industry owing to the technological advancements in the development of simulators. Stringent government rules and regulations monitoring operator safety will further streamline the industry growth. The Asia Pacific region will experience huge adoption of operator training simulator market attributing to the rising awareness of the benefits and the fast-growing population base in developing economies, for instance China and India.

Players in the global operator training simulator market need to continuously employ business strategies such as product development and innovations, collaborations, mergers and acquisitions to obtain competitive advantage and sustain their position. Companies providing this solution include Honeywell International Inc, TRAX, Bayer AG, DuPont, EON Reality Inc., AVEVA, AspenTech, GSE Systems, Hyperion Solutions
Corporation, ABB Group, Siemens, Tecnatom, FLSmidth, Mynah Technologies, Andritz Automation, DNV-GL and Research Solutions Inc

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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