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Global Advanced Process Control Market research report, by Type (Inferential Control, Sequential Control), by Revenue Source (Software, Service), by Application (Pharmaceutical, Food & Beverages, Chemical, Power) - Forecast till 2023
Different industries like oil & gas, petrochemicals, and pharmaceutical are adopting the advanced process control for the optimization of their operational functionalities. Through the deployment of the advanced process control system, several businesses are not only enhancing and improvising their operational techniques but also augmenting their profitability. The advanced process control system has a decisive role to play in the process industries as it helps in the stabilization of the control loops, process interactions, and big process dead time.
Introduction of the worker's safety and other security standards along with the growing necessity for energy-efficient and cost-effective process control solutions are two of the main driving factors that are influencing the growth of the Global Advanced Process Control Market. Model predictive control, regulatory control, and inferential control are the three main types of advanced process control which is available at present. The Global Advanced Process Control Market is growing at a remarkable CAGR of 12.09% during the forecast period (2017-2023).
The market research report provides a comprehensive analysis of the global advanced process control market. The market is segmented on the basis of its revenue source, type, applications, and regional demand. Based on its type, the market has been classified into multivariable model predictive control, advanced regulatory control, sequential control, inferential control, and compressor control. On the basis of its revenue source, the global advanced process control market is segmented into service and software. By application, the market is bifurcated into oil & gas, power, pharmaceuticals, food & beverages, chemicals, petrochemicals, and semiconductors. Based on its geographical demand, the market has been divided into different global regions including North America, Asia Pacific, Europe, and The Middle East & Africa.
The major industry players in the global advanced process control market include companies such as ABB Ltd., Emerson Electric Co., Aspen Technology, Inc., General Electric Co., Rockwell Automation, Inc., Honeywell International, Inc., Rudolph Technologies, Inc., Siemens AG, Schneider Electric SE, and Yokogawa Corporation.
Table of Contents:
1 Executive Summary
2 Market Introduction
2.2 Scope of the Study
2.3 Market Structure
2.4 List of Assumptions
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.2.1 Increasing demand for energy efficient process control solution
4.2.2 Rising safety & security concern among industries
4.3.1 High Implementation cost
4.4.1 Development in Big data Analytics
4.5.1 Increasing demand for optimized and more flexible production system
5 Market Factor Analysis
5.1 Porter's Five Forces Model
5.1.1 Threat of New Entrants
5.1.2 Bargaining Power of Suppliers
5.1.3 Bargaining Power of Buyers
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 The Middle East
List of Figures:
FIGURE 1 GLOBAL ADVANCED PROCESS CONTROL MARKET: MARKET STRUCTURE
FIGURE 2 RESEARCH PROCESS OF MRFR
FIGURE 3 TOP DOWN & BOTTOM UP APPROACH
FIGURE 4 DROC ANALYSIS OF GLOBAL ADVANCED PROCESS CONTROL MARKET
FIGURE 5 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL ADVANCED PROCESS CONTROL MARKET
FIGURE 6 THE MIDDLE EAST : ADVANCED PROCESS CONTROL MARKT : PESTEL ANALYSIS
FIGURE 7 THE MIDDLE EAST ADVANCED PROCESS CONTROL MARKET, BY TYPE, 2017-2023 (USD MILLION)
FIGURE 8 THE MIDDLE EAST ADVANCED PROCESS CONTROL MARKET, BY REVENUE SOURCE, 2017-2023 (USD MILLION)
FIGURE 9 THE MIDDLE EAST ADVANCED PROCESS CONTROL MARKET, BY APPLICATION, 2017-2023 (USD MILLION)
List of Tables:
TABLE 1 LIST OF ASSUMPTIONS
TABLE 2 THE MIDDLE EAST : ADVANCED PROCESS CONTROL MARKET, BY COUNTRY, 2017-2023 (USD MILLION)
TABLE 3 THE MIDDLE EAST ADVANCED PROCESS CONTROL MARKET, BY TYPE, 2017-2023 (USD MILLION)
TABLE 4 THE MIDDLE EAST ADVANCED PROCESS CONTROL MARKET, BY REVENUE SOURCE, 2017-2023 (USD MILLION)
TABLE 5 THE MIDDLE EAST ADVANCED PROCESS CONTROL MARKET, BY APPLICATION, 2017-2023 (USD MILLION)
ABB Ltd., Emerson Electric Co., Aspen Technology, Inc., General Electric Co., Rockwell Automation, Inc., Honeywell International, Inc., Rudolph Technologies, Inc., Siemens AG, Schneider Electric SE, and Yokogawa Corporation
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