LAMEA 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 Latin America, Middle East and Africa Advanced Process Control Market would witness market growth of 12.2% CAGR during the forecast period (2019-2025). The growth can be linked to the increased adoption and deployment of advanced process control systems across industries like petrochemicals, oil and gas upstream, downstream, nuclear power plants, and processing operations.
Advanced process control systems deliver predictive maintenance (isolate, inspect, and solve problems without imposing more burden on the operating staff). These systems also facilitate rapid modification of the production model according to the real-time requirement, without having to take the controller off-line. These advantages have made APC systems critical for industries like oil and gas, chemical, and petrochemical. Organizations have initiated significant investments in the technology to minimize errors and fit in a higher number of factors. They do this to gain a better control over processes, along with ensuring customer satisfaction.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Saudi Arabia
- South Africa
- Rest of LAMEA
- 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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