Advanced process control is implemented in process industries. It enables an organization to increase the productivity, efficiency, and reduce emissions. Benefits such as improved production capacity, improved monitoring of key performance indicators, less power consumption, and better equipment reliability offered by advanced process control drive the market. Aspen Technology, Inc., Rockwell Automation, Inc., and Yokogawa Electric Corporation are some of the key players in the advanced process control software market.
Increasing adoption of advanced process control in process industries in order to reduce emissions and to increase operational flexibility & reliability is expected to drive the market during the forecast period. High implementation costs of advanced process control are expected to restrict the market growth. However, data accuracy and faster implementation of software provide ample growth opportunities.
The report segments the advanced process control software market on the basis of type, application, and geography. On the basis of type, it includes advance regulatory control, inferential control, multivariable model predictive control, and others. On the basis of application, it includes oil & gas, pharmaceuticals, food & beverages, petrochemicals, and others. On the basis of geography, it covers North America, Europe, Asia-Pacific, and LAMEA.
The major players of the advanced process control software market are Aspen Technology, Inc., Rockwell Automation, Inc., Yokogawa Electric Corporation, General Electric Company, Rudolph Technologies, Inc., Emerson Electric Co. MAVERICK Technologies, Honeywell, Schneider Electric Software, LLC, and Siemens AG.
- This report provides an extensive analysis of the current and emerging market trends and dynamics in the global advanced process control software market.
- In-depth analysis has been carried out in this report by constructing market estimations for key market segments between 2016 and 2023.
- This report entails a detailed quantitative analysis of the current market and estimations from 2016-2023, which helps identify prevailing market opportunities.
- Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework
- Comprehensive analysis of all regions has been provided that determines prevailing opportunities in these geographies
Advanced Process Control Software Market Segments:
- Advance Regulatory Control
- Inferential Control
- Multivariable Model Predictive Control
- Oil & Gas
- Food & Beverages
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA