Techno World Advanced-Process-Control-(APC)-Software-Market | Page 2

Among end-use industries, oil and gas industry segment dominated the global advanced process
control software market in 2016 and is projected to retain its dominance throughout the forecast
period. Companies engaged in the oil & gas sector are increasingly inclined toward reducing
waste production in order to curtail losses, both in terms of revenue and materials. This increases
demand for APC solutions in this sector. Even minor variations in the production process in this
highly capital and resource intensive sector can result in major wastage of raw material, which in
turn increases production cost. Therefore, industry players are increasingly inclined toward
adoption of APC software that provide accurate data processing and help solve complexity
related to production.
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Advanced Process Control Software Market Outlook – Asia Pacific holds significant
market share
On the basis of geography, global advanced process control software market is segmented into
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific holds the
dominant position in the global advanced process control software market and is projected to
retain its dominance throughout the forecast period. India and China are expected to drive the
market for advanced process control software in the region. The growth in chemical industry in
China is projected to offer significant growth opportunities for the advanced process control
software market in the country. In 2016, chemical industry in China generated a revenue of US$
1.4 trillion (CNY 9.5 trillion), which is expected to reach US$ 2.9 trillion (CNY 19.5 trillion) by
2020.
Key Players in the Global Advanced Process Control Software Market
Aspen Technology, Inc., ABB Ltd., Emerson Electric Co., Honeywell International, Inc.,
GeneralElectric Co., Rockwell Automation, Inc., Schneider Electric SE, Rudolph Technologies, Inc.,
Yokogawa Electric Corp., and Siemens AG are some of the major players in the global advanced
process control software market.
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