Research and Markets (http://www.researchandmarkets.com/research/m6kgdk/advanced_process) has announced the addition of the "Advanced Process Control Market by Revenue Source, Application And By Geography- Analysis & Forecast (2014 - 2020)" report to their offering.
The advanced process control market is expected to increase at a CAGR of 11.79% from 2014 to 2020
Oil and gas industry is the major application market of advanced process control. It accounts a market share of -30% during 2013 and is expected to grow at a CAGR of 12.81% from 2014 to 2020.
This report describes the market trends, drivers, and challenges for the advanced process control market and forecasts the market from 2014 to 2020 on the basis of revenue generator, applications, and geography. The factor which is driving the advanced process control market includes rising demand for energy efficient production process, safety and security concern, and demand for a software systems which can predict the failure at the component level.
With the development of shale gas it has become important to implement advanced process control systems which can help in minimizing the capital expenditure, operating expenditure, and any other negative impact on the environmental by automating the entire production process. Implementation of advanced process control can virtually eliminate the involvement of human and thus it reduces the risk of safety at production floor.
APAC dominates the advanced process control market in terms of revenue generation with a highest market share of -26% in 2013; growing at a CAGR of 11.85% from 2014 to 2020. India and China market with regards to advanced process control market accounts a collective market share of -54% during 2013.
Advanced process control has several advantages like improved production capacity, minimized power consumption, lower feedstock variability to downstream units, better analysis and modification of operating objectives as per new requirements, improved monitoring of key performance indicators, increased process safety, reduction in process setting time, increase in equipment reliability, and better operational understanding of the entire plant over conventional process control technology.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights- Advance Process Control Market
5 Market Overview
6 Industry Trends
7 Market By Revenue Source
8 Market By Application
9 Market By Geography
10 Competitive Landscape
11 Company Profiles
- 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.
For more information visit http://www.researchandmarkets.com/research/m6kgdk/advanced_process
