Market Highlights
Advanced Process Control (APC) enhances process profitability by improving quality, increasing throughput while reducing energy usages. The state-of-the-art APC technologies are capable of releasing process potential across the industries, including food & beverages, refining, petrochemical, and mining.
Leverage to the economic environment, today, manufacturers are confronted by the need to curtail the capital budgets due to the rising overheads, manufacturing cost, energy costs, and struggle to stay at the front of the market competition.
Advanced process control helps manufacturers to address such complex challenges with various solutions that can extract maximum value from the manufacturing processes. APC also improves production yield, quality, and reduce energy consumption, optimizing manufacturing operations.
Resultantly, advanced process control solutions are garnering a colossal market prominence, getting quickly absorbed in various industries for optimized operational techniques. The APC market is witnessing rising deployments of these solutions. Moreover, increasing mandates to save energy are acting as significant tailwinds escalating the market on the global platform.
According to Market Research Future (MRFR), the global advanced process control market would register 12.09% CAGR throughout the forecast period (2017-2023), witnessing exponential accruals.
Additional factors influencing the growth of the market include the introduction of new labor safety norms, increasing requirement for energy-efficient process control solutions, and the integration of APC with the traditional business process.
The demand for high efficiency and a low-cost model and the success achieved in easing business processes are major driving forces supporting the growth of the market. Conversely, high costs of implementation and the reduced potential APC for knowledge-based business processes are some of the factors challenging the growth of APC market.
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Segmentation:
The report is segmented into four key market dynamics to widen the scope of understanding,
By Type: Multivariable Model Predictive Control, Advanced Regulatory Control, Inferential Control, Compressor Control, and Sequential Control, among others.
By Revenue Source: Software and Services, among others.
By Application: Pharmaceuticals, Oil & Gas, Power, Food & Beverages, Chemicals, Petrochemicals, and Semiconductors among others.
By Region: Europe, North America, Asia Pacific, and the Rest-of-the-World.
Regional Analysis:
North America would retain its leading position in the global advanced process control market. Factors fueling the regional market growth include substantial investments made into the development of technologies and the presence of major manufacturers that can offer cutting-edge technologies. Also, the increasing adoption of these solutions in some of the burgeoning sectors, including healthcare, O&G, and Power, is influencing the growth of the market in the region.
Besides, the well-established infrastructure in the region provides impetus to the regional market growth, allowing faster development and implementation of advanced technologies. The US and Canada lead the North American APC market, heading with the increasing technological advancements and the uptake of these solutions.
The advanced process control market in the European region accounts for the second-largest market, globally. The demand from the various sectors and the augmented uptake of these solutions lead the market growth, predominantly. The resurging economy in the region s playing a significant role in the growth of the market.
The advanced process control market in the Asia Pacific region is emerging as a profitable market, globally. The improving economy that drives the urbanization and healthcare and entertainment industry in the region fosters market growth. The market is estimated to witness healthy growth over the review period.
Competitive Dashboard:
Highly competitive, the advanced process control market appears to be diversified due to the presence of several large and small-scale small players. To gain an edge over their competitors in the market, matured players adopt strategies such as acquisition and merger, expansion, collaboration, and technology launch.
These players also invest increasingly in R&D to develop a cost-competitive product portfolio and to acquire small yet promising companies in the emerging markets. They strive to address the critical market needs with a wide range of solutions and effective & complete workflow.
Major Players:
Players leading the global APC market are Aspen Technology, Inc., Emerson Electric Co., ABB Ltd., Honeywell International, Inc., Rockwell Automation, Inc., General Electric Co., Schneider Electric SE, Yokogawa Corporation, Rudolph Technologies, Inc., and Siemens AG, among others.
Industry/ Innovation /Related News:
June 24, 2019 --- Nanometrics Incorporated (the US), a leading provider of advanced process control metrology and software analytics, and Rudolph Technologies, Inc. (the US), a leading provider of semiconductor process control systems, announced the signing of a merger to create a premier semiconductor process control company.
Combining an all-stock merger of equal transactions, the merged company will be a premier company, providing end-to-end process control software, metrology, inspection, and lithography equipment to the semiconductor industry and other advanced markets. Considering the fact that customers are to continue to invest in more advanced process control (APC) solutions, the combined technology portfolio and established channels to these markets are estimated to accelerate the ability to serve both front-end and back-end markets.
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Asset Performance Technologies MarketThe global asset performance management market is awaited to reach the approximate valuation of 18,765.1 million in 2025, claims Market Research Future (MRFR), by attaining a CAGR of 10.7% during the forecast period (2017-2023).Top Drivers and Key BarriersThe rising applications in IT (Information Technology) and OT (Operational Technology) in the manufacturing sector, as well as high demand for improving machine efficiency, are taking the market towards growth.
Mounting need for productively and enhanced performance has also led to the development of asset performance management in the past couple of years.The beneficiaries offered by the asset performance management, such as reliability and availability with happens with the help of asset performance management software has also contributed largely to the global market growth of asset performance management.
At the same time, as per the study, the asset performance management will also witness considerable growth during the forecast period is the surging number of large-sized facilities and necessities.
These are counted among the essential factor in the market growth in almost every region of the world.On the flip side, the factor of the high cost of implementing such solutions is resulting in limited deployment among SMEs, which could hinder the growth of global market for asset performance management in the future.Market SegmentationThe worldwide asset performance management market, as per the study, has been segmented by the elements of offering, deployment mode, and vertical.With respect to offering: Software types and services are the segments.
Wherein, the software type segment has been categorized among data management software, predictive asset analytics tools, enterprise asset management software, and pattern recognition software.
Among these, the enterprise asset management software segment accounted for the largest market share in 2018 and is now anticipated to record a CAGR of 8.5% during the assessment period.In terms of deployment: Cloud and on-premise are the segments.
This state-of-the-art technology provides automatic control systems that are capable of releasing process potential across the industries including Food & Beverages, Refining, Petrochemical, and Mining.Leverage to the economic environment, today, manufacturers are confronted by the need to curtail the capital budgets due to the rising overheads, manufacturing cost, energy costs, and struggle to stay at the front of the market competition.Advanced process control helps manufacturers to address such complex challenges with various solutions that can extract maximum value from the manufacturing processes.
Moreover, increasing mandates to save energy are acting as significant tailwinds escalating the market on the global platform.According to Market Research Future (MRFR), the global advanced process control market would register 12.09% CAGR throughout the forecast period (2017-2023), witnessing exponential accruals.Additional factors influencing the growth of the market include the introduction of new labor safety norms, increasing requirement for energy-efficient process control solutions, and the integration of APC with the traditional business process.The demand for high efficiency and a low-cost model and the success achieved in easing business processes are major driving forces supporting the growth of the market.
Conversely, high costs of implementation and the reduced potential APC for knowledge-based business processes are some of the factors challenging the growth of APC market.Get a Free Sample @https://www.marketresearchfuture.com/sample_request/4805Segmentation:The report is segmented into four key market dynamics to widen the scope of understanding,By Type: Multivariable Model Predictive Control, Advanced Regulatory Control, Inferential Control, Compressor Control, and Sequential Control, among others.By Revenue Source: Software and Services, among others.By Application: Pharmaceuticals, Oil & Gas, Power, Food & Beverages, Chemicals, Petrochemicals, and Semiconductors among others.By Region: Europe, North America, Asia Pacific, and the Rest-of-the-World.Regional Analysis:The North American region leads the global advanced process control market holding the largest market share.
Factors fueling the growth of the regional market include substantial investments transpired into the field of technological development and the presence of the fervent market players that can offer cutting-edge technologies.
Continuing with the same growth trends, North America is expected to retain its dominance over the global APC market creating a larger revenue pocket.The European APC market, led by the demand from the various sectors accounts for the second-largest market, globally.
Also, the augmented uptake of these solutions fuels the increase in the regional market.
Computer Numerical Control (CNC) Market published by Research Report Insights (RRI), forecasts that the global market is expected to garner $93450 Million by 2024, registering a CAGR of 6.2% during the period 2016 - 2024.The industrial machinery sector is expected to dominate the global CNC market during the assessment period.
Europe is expected to be the leading contributor to the global revenue during the forecast period.Evolution of Internet of Things (IoT) and machine learning technology has led to development of applications that notify the status of a machine to operators/supervisors on their PCs or smartphones.
Various government initiatives, for instance, ‘Make in India’ by the Indian government and ‘Made in China 2025’ by the Chinese government, support the establishment of manufacturing units in their respective nations.Request For Report Sample: https://www.researchreportinsights.com/report/sample/110114912/Computer-Numerical-Controls-MarketAutomation Boosts Market’s GrowthRising concerns about reducing operational costs are being witnessed in several industrial sectors, consequently demanding large-scale automation.
Such demands for automating various industrial processes is primarily driving the global computer numerical controls (CNC) market.
This mainly because of reduction in overall manufacturing time and decreasing chances or human error to occur by using the CNC machines, consequently making them highly preferred.Rising environmental concerns regarding reduction of industrial carbon footprint has led towards computer numerical controllers being increasingly used in place of manually operating machines.
Doing this has resulted into improved efficiency being achieved by businesses working in the industrial domain, thereby being beneficial to the global computer controls (CNC) market.Request Report Discount: https://www.researchreportinsights.com/report/discount/110114912/Computer-Numerical-Controls-MarketCNC machines are used in automotive, aerospace and defense, power and energy, construction equipment, industrial, and several other sectors.
Virtual Sensors Market OverviewGlobal Virtual Sensors Market is expected to register a CAGR of 33.5% during the review period, 2019–2025.Virtual sensors are being widely utilized today as they free up space for hardware components in size-specific applications such as mobile phones and are often inexpensive in terms of deployment for industrial applications.
Major factors driving the growth of the market are the reduced cost of implementation and deployment as compared to physical sensors and easier IoT and cloud platform integration.
The growth of industry 4.0 has also ushered in the implementation of virtual sensors in industrial scenarios to measure and provide data combined from a number of physical sensors.However, the lack of awareness about virtual sensors and potential security issues of virtual sensors are expected to hinder the market growth.
A security breach at either end of the connection could result in data loss and theft of confidential sensor data.Virtual Sensors Market Segmental AnalysisThe Global Virtual Sensors Market has been segmented based on Component, Deployment Mode, End User, and Region.Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/8744By component, the market has been segmented into solutions and services.
The on-premise segment is expected to have a largest market share, whereas the cloud segment is expected to have a higher CAGR during the forecast period.By end user, the market has been divided into electronics, automotive & transportation, manufacturing & utilities, healthcare, oil & gas, aerospace & defense, and others.
The electronics segment is expected to have the highest market share, whereas the aerospace & defense sector is expected to register the highest CAGR during the forecast period.Virtual Sensors Market Competitive AnalysisThe Global Virtual Sensors Market is characterized by the presence of several regional and local providers.
The global Automotive Robotics Market size is expected to value at USD 13.6 billion by 2025.
The market is subject to witness a substantial growth due to the rising implementation of automation and robotics in the automotive sector.
Such factors are anticipated to drive the growth of the market in upcoming years.Download Sample Report @ https://www.millioninsights.com/industry-reports/automotive-robotics-market/request-sampleGlobally, the automotive robotics market is predicted to grow at CAGR of 13.8% in forecast period, providing numerous opportunity for market players to invest for research and development in the market.
Articulated robots are primarily used in application involving large-scale assembly line with six axes movement.Some of these application include welding, material handling, dispensing and material separation.
Wide range of application of SCARA robots include vertical assembly operations, loading and unloading of heavy work-pieces, transferring of components, and assembly.Other types of robots like Cartesian, cylindrical and polar robots are majorly utilized in painting, and drop & pick operations with smaller payload capacity.
While an assembly robot such as articulated robotics need smaller space for its operations, and work with high precision and speed.Furthermore, adoption of the automotive robots in the vehicle manufacturing gives an organization multiple competitive advantages over other manufactures.
