DUBLIN--(BUSINESS WIRE)--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.
- 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:
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