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World Advanced Process Control Process Optimization and Simulation Markets
Frost & Sullivan, October 2006, Pages: 125
This Frost & Sullivan research service titled World Advanced Process Control Process Optimization and Simulation Markets provides an overview of the revenue forecasts for the advanced process control (APC), real-time optimization (RTO), and simulation markets across various geographies. It also offers comprehensive analysis of various market drivers, industry challenges, and trends. In this study, Frost & Sullivan's expert analysts thoroughly examine the following technologies: APC, RTO, and simulations.
Market Overview
Pressure on Industries to Improve Manufacturing Processes Bodes Well for Advanced Process Control, Process Optimization, and Simulation Markets
Dwindling resources and greater consumer demand have forced industries such as refineries, petrochemicals, and cement to enhance their manufacturing process constantly. Increasing complexity in the manufacturing processes across diverse verticals, along with huge investments in asset procurement by enterprises, is significantly improving the sales of advanced process control (APC), real-time optimization (RTO), and simulation solutions. The rate of adoption of these solutions has been largely consistent in oil and gas, refining, and petrochemicals.
The considerable demand notwithstanding, solution providers need to tackle issues related to customer relationships and return on investments effectively. Customers are seeking solutions that can help them achieve greater value from their manufacturing assets throughout the lifecycle of their equipment. With process variables changing constantly and adding up to a large number, customers are demanding devices that are robust and can complement each other for the consistent overall optimization of the process.
Change in End-user Perception Vital for the Uptake of APC, Optimization, and Simulation Systems
Popular perception of APC as being expensive and more suited to large-scale applications used in huge plants such as oil refineries and petrochemical units is significantly slowing market growth. End users feel apprehensive about not only the significant installation charges but also the cost of maintenance. "The vendors of advanced process solutions are hoping to overcome the cost barrier by incorporating more customized solutions for every end-user industry," says the analyst of this study." While the range of applications for APC units in traditional areas such as refineries and chemicals is immense, the scope of these solutions is growing in new areas including pulp and paper and pharmaceuticals."
End users have to be educated about the large-scale benefits of using APC, optimization, and simulation systems, especially since manufacturing facilities in many key industries are still governed by unsophisticated control systems and allied technologies. They should be made aware that the advanced solutions will enable them to deal better with competition and cost pressures. "The use of sophisticated process solutions aid in improving their throughput by optimizing the productivity under changing process conditions; thereby saving costs," notes the analyst. While the chemicals and oil and gas verticals are already being served by APC, optimization, and simulation systems, market participants are working on extending their reach to non-conventional end users too by offering innovative solutions.
1. Executive Summary
- 1. Market Overview
-- 1. Introduction
-- 2. Market Trends
- 2. Major Research Findings
-- 1. Opportunities and Forecasts
-- 2. Strategic Market Direction and Conclusion
2. Total World Advanced Process Control Process Optimization and Simulation Market
- 1. Introduction
-- 1. Market Overview and Definitions
-- 2. Market Segmentation
-- 3. Industry Challenges
-- 4. Market Engineering Measurements
- 2. Market Analysis
-- 1. Growth Rate and Revenue Forecasts
-- 2. Competitive Structure
-- 3. Market Share Analysis
3. World Advanced Process Control Market
- 1. Introduction
-- 1. Market Overview and Definitions
-- 2. Market Engineering Measurements
- 2. Market Analysis
-- 1. Market Drivers
-- 2. Market Restraints
-- 3. Revenue and Growth Forecasts
-- 4. Geographic Analysis
-- 5. End-user Analysis
4. World Process Optimization Market
- 1. Introduction
-- 1. Market Overview and Definitions
-- 2. Market Engineering Measurements
- 2. Market Analysis
-- 1. Market Drivers
--- a. Increasing Importance of Energy Efficiency Creates Demand for Process Optimization
--- b. Increasing Need for Process Standardization Propels the Need for Process Optimization
--- c. Compliance with Regulations Especially in Pharmaceuticals Sector Leads to Increased Adoption
--- d. Need for Higher Yield, as well as Lesser Wastage, and Re-work Encourages Adoption of Process Optimization
--- e. Optimization Solution Providers’ Ability to Ensure Superior Product Quality Instrumental in Boosting Sales
--- f. Alliances and Partnerships Aimed at Enhancing Product Portfolio through Technology Sharing Drive the Market
--- g. Focus on Comprehensive Support Enhances Product Attractiveness
-- 2. Market Restraints
--- a. Aging Workforce Makes Transfer of Optimization Know-how Hard
--- b. Limited Awareness of Top Management Could Restrain the Acceptance of Process Optimization Solutions
--- c. Lack of Ownership for Process Monitoring Could Slow Down the Progress of Process Optimization Solutions
--- d. Former Dissatisfied Users of the Solutions Unwilling to Try New Variants
--- e. Cyclical Nature of the Market Largely Influences Investments and Growth Strategies
-- 3. Revenue and Growth Forecasts
-- 4. Geographic Analysis
-- 5. End-user Analysis
5. World Process Simulation Market
-- 1. Introduction
--- 1. Market Overview and Definitions
--- 2. Market Engineering Measurements
-- 2. Market Analysis
--- 1. Market Drivers
--- 2. Market Restraints
--- 3. Revenue and Growth Forecasts
--- 4. Geographic Analysis
--- 5. End-user Analysis
--- 6. Competitive Structure
--- 7. Market Share Analysis
6. Appendix
- 1. Decision Support Database Tables
--- 1. Oil & Gas - Crude Oil Production
--- 2. Electricity Generation
--- 3. Power - Nuclear Installed Capacity
--- 4. Pulp & Paper - Number of Paper Mills
--- 5. Total Electricity Installed Capacity (North America)
List of Figures
Chapter 2
- Total Advanced Process Control, Process Optimization and Simulation Market: Impact of Top Industry Challenges (World), 2006-2012
- Total Advanced Process Control, Process Optimization and Simulation Market: Revenue Forecasts (World), 2002-2012
- Total Advanced Process Control, Process Optimization and Simulation Market: Percent of Revenues by Product Type (World), 2002-2012
- Total Advanced Process Control, Process Optimization and Simulation Market: Competitive Structure (World), 2005
- Total Advanced Process Control and Process Optimization Market: Company Market Share by Revenues (World), 2005
Chapter 3
- Advanced Process Control Market: Market Drivers Ranked in Order of Impact (World), 2006-2012
- Advanced Process Control Market: Market Restraints Ranked in Order of Impact (World), 2006-2012
- Advanced Process Control Market: Revenue Forecasts (World), 2002-2012
- Advanced Process Control Market: Percent of Revenues by Geographic Region (World), 2002-2012
- Advanced Process Control Market: Revenue Forecasts (North America), 2002-2012
- Advanced Process Control Market: Revenue Forecasts (EMEA), 2002-2012
- Advanced Process Control Market: Revenue Forecasts (Asia Pacific), 2002-2012
- Advanced Process Control Market: Revenue Forecasts (Rest-of-World), 2002-2012
- Advanced Process Control Market: Percent of Revenues by End Users (World), 2002-2012
- Advanced Process Control Market: Revenue Forecasts by End Users (World), 2002-2012
Chapter 4
- Process Optimization Market: Market Drivers Ranked in Order of Impact (World), 2006-2012
- Process Optimization Market: Market Restraints Ranked in Order of Impact (World), 2006-2012
- Process Optimization Market: Revenue Forecasts (World), 2002-2012
- Process Optimization Market: Percent of Revenues by Geographic Region (World), 2002-2012
- Process Optimization Market: Revenue Forecasts (North America), 2002-2012
- Process Optimization Market: Revenue Forecasts (EMEA), 2002-2012
- Process Optimization Market: Revenue Forecasts (Asia Pacific), 2002-2012
- Process Optimization Market: Revenue Forecasts (Rest-of-World), 2002-2012
- Process Optimization Market: Percent of Revenues by End Users (World), 2002-2012
- Process Optimization Market: Revenue Forecasts by End Users (World), 2002-2012
Chapter 5
- Process Simulation Market: Market Drivers Ranked in Order of Impact (World), 2006-2012
- Process Simulation Market: Market Restraints Ranked in Order of Impact (World), 2006-2012
- Process Simulation Market: Revenue Forecasts (World), 2002-2012
- Process Simulation Market: Percent of Revenues by Geographic Region (World), 2002-2012
- Process Simulation Market: Revenue Forecasts (North America), 2002-2012
- Process Simulation Market: Revenue Forecasts (EMEA), 2002-2012
- Process Simulation Market: Revenue Forecasts (Asia Pacific), 2002-2012
- Process Simulation Market: Revenue Forecasts (Rest-of-World), 2002-2012
- Process Simulation Market: Percent of Revenues by End Users (World), 2002-2012
- Process Simulation Market: Revenue Forecasts by End Users (World), 2002-2012
- Process Simulation Market: Competitive Structure (World), 2005
- Process Simulation Market: Top Three Competitors by Market Share (World), 2005
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