Europe Advanced Process Control Market By Application (Hardware, Software and Services) By End User (Oil & Gas, Chemicals, Food & Beverages, Energy & Power, Mining & Minerals, and Metals, Pharmaceuticals and Others)
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The Europe Advanced Process Control Market would witness market growth of 7.8% CAGR during the forecast period (2019-2025). The demand for APC systems is expected to surge over the forecast period as companies adopt methods to improve the quality of their products and bring down the cost of operations. Organizations follow such methods to maintain their competitive edge. Also, industries like nuclear power, chemical, and semiconductor increasingly adopt advanced process control systems. This trend encourages companies to invest in R&D activities to developed improved systems. These are major factors that are projected to further boost the global market growth over the forecast period.
Advanced process control is referred to as multivariable predictive control or model predictive control. It consists of model-based software used to guide the process operation. Such applications require the precisely created process model to represent the complexities of the process. Enhanced operational economics and changes in production are common key factors for using these applications.
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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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.
Scope of the Advanced Process Control Market Analysis
- Control Systems
- Interface and Display
- Computing Systems
By End User
- Oil and Gas
- Food & Beverages
- Energy & Power
- Mining, Minerals, and Metals
- Rest of Europe
- 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.
- Rockwell Automation, Inc.
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