Global Advanced Process Control Software Market in Chemicals Industry 2016-2020 - New Study Released
Recently published research from TechNavio, "Global Advanced Process Control Software Market in Chemicals Industry 2016-2020", is now available at Fast Market Research
[USPRwire, Sun Dec 06 2015] GLOBAL ADVANCED PROCESS CONTROL SOFTWARE MARKET IN THE OIL AND GAS INDUSTRY MARKET 2015-2019
Market segmentation of the advanced process control software market in the oil and gas industry with respect to geography, including the Americas, EMEA, and APAC. The report also discusses the major drivers and trends influencing the growth of the market. A detailed analysis of the top vendors such as ABB, Honeywell International, Schneider Electric, and Siemens is included in the report.
Market outlook: Advanced process control software market in the oil and gas industry
APC software is an integrated tool used to increase the efficiency of process management and plant operations. Many organizations across numerous process industries such as chemical, oil and gas, petrochemical, power, pharmaceutical, pulp and paper, and food and beverage use APC software to optimize their resource utilization and improve their organizational productivity.
Full Report Details at
Technavios market research analysts predict the global APC software market in the oil and gas industry to grow at a CAGR surpassing 7% during the forecast period.
One of the major factors contributing to the growth of the market is the decreased prices of oil and gas worldwide, which has driven oil and gas vendors to reduce their manufacturing so that they can equalize their spending. This need to reduce costs has made them adopt APC in their production process to achieve maximum efficiency and reduce the production cost.
Geographical segmentation of the advanced process control software market in the oil and gas industry
In 2014, the EMEA led the market contributing more than 47% of the market share, followed by the Americas and APAC. Majority of the demand for APC in the oil and gas industry is expected to surface from the Middle East, as this region has been one of the major exporter of oil.
Competitive landscape and key vendors
The global APC software market in the oil and gas industry is dominated by a few major players and because of the complex operation nature and the need for technical expertise in the field, there are no small and medium players in the market.
ABB, one of the leading players, has a huge presence in the market because it provides compact and scalable APC software.
Top vendors in this market are -
Other prominent vendors included in this report are Aspen Technology, GE, Rockwell Automation, and Yokogawa Electric.
Growth drivers, challenges, and upcoming trends: Advanced process control software
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