Global Advanced Process Control (Oil & Gas, Petrochemicals, Water & Wastewater, Chemicals, Power, Paper & Pulp, Pharmaceuticals, Food) Market - Analysis & Forecast to 2020

DUBLIN, Jan. 22, 2015 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/v45h89/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.

Advanced process control (APC) encompasses a broad range of sophisticated technologies and tools that are used to optimize plant performances across a range of applications. It is used to optimize plant performance and stabilize plant operations by minimizing the fluctuations of key process variables. Today, APC technology is available all across the globe and is being increasingly used in new applications apart from its conventional use in oil & gas and petrochemical industry.

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.

Use of advanced process control software allows monitoring of process parameters at a granular level as compared to normal process control technology. This allows for better monitoring of process parameters and helps in predictive maintenance of the system. With more stability, all plant equipment can be operated efficiently, leading to an increase in the production capacity and thus, plant profitability. However, these economic benefits can only be sustained by periodic maintenance and up-gradation of the system. In fact, APC services form the major revenue source for advanced process control vendors.

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.

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).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights- Advance Process Conrol Market

5 Market Overview

6 Industry Trend

7 Market By Revenue Source

8 Market By Application

9 Market By Geography

10 Competitive Landscape

11 Company Profiles

12 Appendix

Companies Mentioned:

• 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.

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