The Europe advanced process control market was valued at US$223.228 million in 2017 and is projected to expand at a CAGR of 8.71% over the forecast period to reach US$368.454 million by 2023. The advanced control process allows the organizations to function at optimal level, enabling them to gain from significant cost savings while simultaneously improving the revenue generation capability. The improvement in the economic environment in the region is likely to stimulate the deployment solutions of the advanced process control solution by the organization in the region. Furthermore, the steady increase in the corporate earnings by the companies is enhancing their capacity to spend on their operation activities, which is further supplementing the growth of the 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 key countries. 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 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 Europe advanced process control market.
Major industry players profiled as part of the report are ABB, Honeywell International, Inc., Emerson Electric Co., and Siemens AG among others.
The Europe advanced process control market has been analyzed through following segments:
Statistical Process Control
Fault Detection and Classification
Oil and Gas
Food and Beverage