Advanced Process Control (APC) Software Market Top Players Shaping Industry: Aspen Technology, Inc., ABB Ltd., Emerson Electric Co., Honeywell International, Inc., GeneralElectric Co., Rockwell Automation, Inc., Schneider Electric SE, Rudolph Technologies

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.

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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.

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.

Key Players in the Global Advanced Process Control Software Market

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, the global advanced process control software market is classified into:

• Advanced regulatory control
• Multivariable model predictive control
• Inferential control
• Sequential control
• Compressor control

On the basis of end-use industry, the global advanced process control software market is classified into:

• Oil and Gas
• Petrochemicals
• Chemicals
• Power
• Pharmaceuticals
• Food & Beverages
• Others

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This release was published on openPR.