DALLAS, December 23, 2014 /PRNewswire/ --
According to a new market research report of "Advanced
Process Control Market by Revenue Source
(Software and Services), Application (Oil &
Gas, Petrochemicals, Water & Wastewater, Chemicals, Power,
Paper & Pulp, Pharmaceuticals, Food) And Geography- Analysis
& Forecast (2014 - 2020)",
published by MarketsandMarkets the advanced process control market
is estimated to reach $1,465.62
Million by 2020, growing at a CAGR of 11.79% from 2014 to
2020.
Browse 71 market data Tables and 58 Figures spread through 141
Pages and in-depth TOC on "Advanced Process Control
Market".
http://www.marketsandmarkets.com/Market-Reports/advanced-process-control-market-61285471.html
Early buyers will receive 10% customization on this
report.
The Advanced Process Control Market is growing at a high CAGR
rate, it has applications across sectors such as oil and gas,
petrochemicals, water & wastewater, chemicals, power, paper
& pulps, pharmaceuticals, food & beverages, and others
(mining and cement). Advanced process control is used to optimize
plant performance and stabilize plant operations by minimizing the
fluctuations of key process variables. Some of the benefits of
advanced process control include an improvement in the production
capacity, minimized energy consumption, improved monitoring of
process parameters, faster modification of the process as per
changing requirements, predictive maintenance, and improved process
safety. These benefits have made APC an integral component for the
oil and gas, petrochemical, and chemical industry.
This report describes the market drivers, restraint,
opportunities, and challenges with respect to the advanced process
control market. 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. The restraining factor affecting the market includes
improper maintenance of APC and lack of data control systems.
Faster implementation of software and improving data accuracy is
considered to be the opportunity for the advanced process control
market. Higher implementation cost of Advanced Process Control
Market is currently acting as challenge for the market.
This report gives a detailed view of the market across
geographies, namely - North
America, Europe, the
Asia-Pacific, and RoW. 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.
Inquiry Before Buying
@http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=61285471
The major players involved in the development of Advanced
Process Control 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).
Browse Related Reports
Process Automation and Instrumentation Market by Types
(Hardware, Software, Service), Technology (SCADA, PLC, DCS, MES),
Application (Chemical, Oil & Gas, Solar, Metal, Water &
Waste, Energy, Food, Automotive) and by Geography - Analysis &
Global Forecasts to 2013 - 2020
http://www.marketsandmarkets.com/Market-Reports/process-automation-market-1172.html
SCADA Market (Supervisory Control and Data Acquisition) by
Components (PLC, RTU, HMI, Communication Systems), Architecture
(Hardware, Software, Services), Application (Oil & Gas, Power,
Water & Wastewater, Transport, Manufacturing, Chemicals), and
Geography - Analysis & Forecast to 2013 - 2020
http://www.marketsandmarkets.com/Market-Reports/scada-market-19487518.html
About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually
published premium market research reports. Serving 1700 global
fortune enterprises with more than 1200 premium studies in a year,
M&M is catering to multitude of clients across 8 different
industrial verticals. We specialize in consulting assignments and
business research across high growth markets, cutting edge
technologies and newer applications. Our 850 fulltime analyst and
SMEs at MarketsandMarkets are tracking global high growth markets
following the "Growth Engagement Model - GEM". The GEM aims at
proactive collaboration with the clients to identify new
opportunities, identify most important customers, write "Attack,
avoid and defend" strategies, identify sources of incremental
revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research
platform, "RT" connects over 200,000 markets and entire value
chains for deeper understanding of the unmet insights along with
market sizing and forecasts of niche markets. The new included
chapters on Methodology and Benchmarking presented with high
quality analytical info graphics in our reports gives complete
visibility of how the numbers have been arrived and defend the
accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by
providing apt business insight with our huge market intelligence
repository.
Contact:
Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog@
http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors