The North America Advanced Process Control Market would witness market growth of 8.6% CAGR during the forecast period (2019-2025). The market is expected to be influenced by the end use industries like petrochemical and nuclear power. The industries extensively focus on improvement, safety, and optimization of their processes. APC systems help process industries to effectually moderate the production time. It also helps them to guarantee better quality products and advance on areas like cost, efficiency, and safety of process plant operations.
Commercial origins are major sources of advanced process control and online optimization software suppliers. These origins represent the university-developed commercialization of technologies and a few represent commercial spin-offs from user industry groups. Engineering firms that prioritize applying advanced technology to the process industries have established simulation and optimization tools to deliver their application knowledge. Control suppliers targeting growth prospects embrace the demand for process simulation and optimization software through in-house development projects, through acquiring existing suppliers, or in some instances, both. Operating companies with in-house resources have formed their own APC and software for online optimization but usually, do not offer their external marketing solutions.
Based on Application, the market is segmented into Hardware, Software and Services. Hardware segment is further bifurcated into Control Systems, Interface & Display, Computing Systems and Others. Based on End User, the market is segmented into Oil & Gas, Chemicals, Food & Beverages, Energy & Power, Mining & Minerals, and Metals, Pharmaceuticals and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Emerson Electric Co., General Electric (GE) Co., Honeywell International, Inc., Schneider Electric SE, Siemens AG, Panasonic Corporation, Yokogawa Electric Corporation, Rudolph Technologies, Inc. and Rockwell Automation, Inc.
Market Segmentation:
By Product
By End User
By Country
Companies Profiled
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