Advanced Process Control Market by Revenue Source (Software And Services), Application (Oil & Gas, Petrochemicals, Water & Wastewater, Chemicals, Power, Paper & Pulp, Pharmaceuticals, Food) And By Geography- Analysis & Forecast (2014 - 2020)

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Feb 02, 2015, 03:54 ET

NEW YORK, Feb. 2, 2015 /PRNewswire/ -- Advanced process control is primarily employed in process industries. Process industries are in continuous pressure to improve the production process without compromising on the quality of the product produced. This has led to the development and implementation of advanced process control systems in process industries. APC represents a set of methods and technologies that are designed to realize additional performance and or economic improvement in the process industries. The implementation of APC across different process industries has been boosted by the development of infrastructure, hardware, and IT services. Today, APC vendors can provide customized APC software to their clients to tackle specific process control issues. Oil and gas application generates highest revenue in the advanced process control market. Power, and water and wastewater are the two fastest growing application areas for advanced process control. With increasing environmental concerns, wastewater treatment requirements have tightened. Advanced process control helps to keep up with the increased process complexity resulting from the new requirements. Increasing use of advanced process control in power plants is driven by the need to reduce emissions, to increase operational flexibility and reliability, and to reduce operational costs.

The advanced process control (APC) market report analyzes the market by revenue source, application, and geography. APC software and services are the two sources of revenue for APC technology vendors. The application segment includes oil and gas, petrochemicals, water & wastewater, chemicals, power, paper & pulps, pharmaceuticals, food & beverages, and others. The report also provides the geographic view for major regions i.e. the North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). In this report— the drivers, restraints, and opportunities has been covered and are described briefly along with, their impact on the advanced process control market.

The advanced process control market has the largest market in the APAC. North America and ROW are also estimated to grow at a high rate in the forecasted period. The key players in the market include ABB Ltd. (Switzerland), Aspen Technology, Inc. (U.S.), Emerson Electric Co. (U.S.), General Electric Co. (U.S.), Honeywell International, Inc. (U.S.), Rockwell Automation, Inc. (U.S.), Rudolph Technologies, Inc. (U.S.), and Schneider Electric SE (France), among others.

Key Takeaways:

• The total market size in terms of value for the advanced process control market is expected to grow at an estimated CAGR of 11.79% between 2014 and 2020
• The advanced process control market has been analyzed, with a special focus on the high growth application segment
• This report includes the market statistics pertaining to revenue source, application, and geography along with, their respective revenue
• Porter's Five Forces framework has been utilized along with, the value chain analysis to provide an in-depth insight regarding the advanced process control market
• Major market drivers, restraints, and opportunities for the advanced process control market have been detailed in this report
• Illustrative segmentation, analysis, and forecast of the major geographic and application markets to give an overall view of the advanced process control market
• A detailed competitive landscape which includes key players, in-depth analysis, and revenue of the individual companies

Read the full report: http://www.reportlinker.com/p02621262-summary/view-report.html

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