Advanced process control is being quickly adopted in industries such as petrochemicals, oil & gas and pharmaceutical for optimizing operational techniques. By deploying advanced process control system, businesses are not only ramping up operational processes but also increasing profitability. Process control plays a crucial role in process industries as it stabilized control loops, big process dead time, and process interactions. Model predictive control, inferential control, and regulatory control are the major types of advanced process control currently available. The global market for advanced process control is set to surge at an impressive CAGR of 12.09% between 2017 and 2023. Introduction of new labor safety & security norms and increasing requirement for energy efficient process control solutions are two of the major factors supporting the growth of the market.
In this report, the user will come across important historical and ongoing trends, dynamics, and market estimations for the future. These key elements are identified after reviewing all the factual parameters. Market valuations provided in the report are based on region-wise analysis and other relevant segmental studies along with country-level analysis for each of the market segments. Users of this report will gain a comprehensive analysis of the global adhesive process control market. The report offers a complete and impartial assessment of market by investigating all the facts, historical information and statistical references. The projections made in the report are a result of a steadfast transverse study.
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Major Key Players
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.),
ABB Ltd. (Switzerland),
Schneider Electric SE (France), and Siemens AG (Germany)
According to MRFR, the global Advanced Process Control Market is expected to grow at a CAGR of 11% during the forecast period.
On the basis of region, the market has been segmented into North America, Europe, Asia Pacific, and The Middle East & Africa. In North America, the country-level market analysis included Canada and the U.S. In Europe, countries such as The U.K, Germany, France, Spain, Italy where covered. The report also evaluates the market in few other European countries in the Rest of the Europe section. Advanced process control market in Asia Pacific covered China, India, Japan, South Korea, Australia, Taiwan, and Rest of Asia Pacific. The Middle East & Africa covered countries such as Saudi Arabia, Kuwait, UAE, Qatar, Bahrain, Iran, along with Rest of the Middle East section.
The global advanced process control market is segmented on the basis of type, revenue source, application, and region. On the basis of the type the segment is further classified into advanced regulatory control, multivariable predictive control, inferential control, sequential control, and compressor control. On the basis of revenue source the segment is further divided into software and services. APC caters wide area of applications like oil & gas, power, pharmaceuticals, food & beverages, chemical, and others.
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