Asia Pacific Advanced Process Control Market - Forecasts from 2018 to 2023
The Asia Pacific advanced process control market is projected to foresee a growth at a CAGR of 13.52% during the forecast period from US$212.676 million in 2017 to US$455.115 million in 2023. India and China from the Asia Pacific region have the major market share of advanced process controls. This is due to the rise in infrastructure development and a high demand for the energy-efficient production systems. Development and continuous improvement in APCs are focused towards improving the performance of the manufacturing processes leading to the improved quality of the products. APC implementation contributes towards an improved safety of the processes and reduces the environmental emissions as well. The manufacturers can easily maintain the plant operation by using advanced software. Lack of skilled personnel in process control design may be a restraint hampering the growth of the Asia Pacific advanced process control market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical region. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Asia Pacific advanced process control value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global Asia Pacific advanced process control market.
Major industry players profiled as part of the report are Siemens Ltd., Emerson Electric Co., ABB Inc., Honeywell International Inc. and Rockwell Automation, Inc. among others.
The global Asia Pacific advanced process control market has been analyzed through following segments:
Advanced Regulatory Control (ARC)
Multivariable Process Control (MVPC)
Model Predictive Control (MPC)
By Industry Vertical
Oil and Gas