Global Chemicals Advanced Process Control Software Market Trends, Challenges and Growth Drivers Analysis to 2020

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Global Advanced Process Control Software Market
In Chemicals Industry 2016-2020


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Global Advanced Process Control Software Market
In Chemicals Industry 2016-2020

• Global APC software market in chemicals industry
  to grow steadily at a CAGR of around 7 during
  the forecast period. The rising investments in
  the US chemical industry is expecetd to drive the
  market growth during the forecast period. The
  economic recovery in the region has boosted the
  sale of light vehicles, appliances, and
  construction materials. The automotive and real
  estate sectors are the major end-user markets for
  chemicals in the US. For instance, during 2015,
  nearly 215 new chemical production projects with
  a market value of around USD 135 billion were
  started to cater to the rising demand from
  end-user industries.
• The lack of skilled workforce that can develop
  and operate statistical and optimization models
  and integrate APC software with legacy automation
  systems is anticipated to pose challenges to the
  market growth during the forecast period. The use
  of APC technology is man power intensive and also
  requires extensive technical and domain
  knowledge.
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Global Advanced Process Control Software Market
In Chemicals Industry 2016-2020

• Geographical segmentation and analysis of the APC
  software market in the chemicals industry
• Americas
• APAC
• EMEA
• APAC accounted for around 43 of the market share
  during 2015. The growth of the chemical industry
  in this region has led to a high  adoption of the
  software, driving the market growth. For
  instance, companies such as Sinopec, based in
  this region APAC, uses Honeywells Profit Suite
  R400, an APC software, in their chemical
  production facilities, to achieve high production
  values through greater flexibility and efficient
  operations.
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4
Global Advanced Process Control Software Market
In Chemicals Industry 2016-2020

• Competitive landscape and key vendors
• The market is dominated by large international
  vendors. Small and medium vendors do not exist in
  the market because operations in the chemical
  industry are complex and critical, which require
  skilled labor and heavy investments. The
  competitive environment in this market is likely
  to intensify during the forecast period due to
  product extensions and technological innovations.
• The leading vendors in the market are
• ABB
• Honeywell
• Schneider Electric
• Siemens
• Other prominent vendors in the market include
  Aspen Technology, GE, Rockwell Automation, and
  Yokogawa Electric.
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Global Advanced Process Control Software Market
In Chemicals Industry 2016-2020

• Key questions answered in this report
• What will the market size and the growth rate be
  in 2020?
• What are the key factors driving the APC software
  market in the chemicals industry?
• What are the key market trends impacting the
  growth of the APC software market in the
  chemicals industry?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats
  faced by the vendors in the APC software market
  in the chemicals industry?
• Trending factors influencing the market shares of
  the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces
  analysis of the APC software market in the
  chemicals industry?
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