Press release
Advanced Process Control (APC) Software Market Worldwide Top Players Revenue Analysis of Aspen Technology, ABB, Emerson Electric, Honeywell International, GeneralElectric, Rockwell Automation And Schneider Electric
Advanced-Process-Control-(APC)-Software
The Global “Advanced Process Control (APC) Software Market” research report demonstrates the fast developing conditions of the global market. The report reveals realistic data of the market. It covers current trends and predicts the revenue and potential developments of key players.
In control theory, advanced process control involves deployment of a wide range of methods and technologies within an industrial process control system. Some of the key advantages of advanced process control software are improvement in operational understanding, better equipment reliability, enhanced process safety, reduction in process settle time, improved production capacity, and reduction in power consumption. The aforementioned advantages are expected to fuel demand for advanced process control software in various end-use industries.
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The increasing demand for energy efficient production process is one of the major drivers which is contributing in the growth of the advance process control software market globally. The improvement of energy efficiency by using the advance process control software primarily helps the companies to reduce the cost of the energy and increase the productivity. Large scale enterprises and SMEs needs to install the advanced process control systems in order to reduce the energy cost. In addition to this, the increasing demand of the software to predict the failure at the component level and improvement of data accuracy which helps to improve the system performance which accelerates the growth of the advance process control software market.
Advanced Process Control Software Market Outlook – Asia Pacific holds significant market share
Asia Pacific holds the dominant position in the global advanced process control software market and is projected to retain its dominance throughout the forecast period. India and China are expected to drive the market for advanced process control software in the region. The growth in chemical industry in China is projected to offer significant growth opportunities for the advanced process control software market in the country. In 2016, chemical industry in China generated a revenue of US$ 1.4 trillion (CNY 9.5 trillion), which is expected to reach US$ 2.9 trillion (CNY 19.5 trillion) by 2020.
Advanced Process Control Software Market: Competitive Background
Aspen Technology, Inc., ABB Ltd., Emerson Electric Co., Honeywell International, Inc., GeneralElectric Co., Rockwell Automation, Inc., Schneider Electric SE, Rudolph Technologies, Inc., Yokogawa Electric Corp., and Siemens AG are some of the major players in the global advanced process control software market.
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Advanced Process Control Software Market Taxonomy
On the basis of control type:
- Advanced regulatory control
- Multivariable model predictive control
- Inferential control
- Sequential control
- Compressor control
On the basis of end-use industry:
- Oil and Gas
- Petrochemicals
- Chemicals
- Power
- Pharmaceuticals
- Food & Beverages
On basis of region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
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