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
- http://www.fastmr.com/prod/1077193_global_advanced_process.aspx?afid=302

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

Americas

APAC

EMEA

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 -

ABB

Honeywell International

Schneider Electric

Siemens

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

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Global Advanced Process Control (APC) Software Market 2015-2019
- Global Advanced Process Control Software Market in the Oil and Gas Industry Market 2015-2019
- Industrial Control and Factory Automation Market - Global Forecast to 2020
- Global SCADA Market in Power Industry 2015-2019
- Manufacturing Execution System Market - Global Forecast to 2020

Company: Fast Market Research, Inc.


Contact Name: Bill Thompson

Contact Email: press@fastmr.com

Contact Phone: 1-413-485-7001

>>Visit website