Advanced Process Control Market worth $1,465.62 Million by 2020 Advanced Process Control Market by Application & Revenue Source - 2020 12/22/2014 MarketsandMarkets
Advanced Process Control Market worth $1,465.62 Million by 2020 According to the new market research report "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 to 2014 - 2020 ", 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-market61285471.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. Download Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=61285471 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. Further Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=61285471 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. 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). 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
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