Numerous Industries Turn to Advanced Process Control, Process Optimization, and Simulation

PALO ALTO, Calif., Feb. 26 /PRNewswire/ -- Driven by increasing consumer demand and depleting resources, several industries including refineries, petrochemicals, and cement are looking to use their manufacturing assets optimally. This trend, along with the increasing complexity of manufacturing processes across verticals, has significantly boosted sales of advanced process control (APC), real-time optimization (RTO) and simulation solutions.

New analysis from Frost & Sullivan ( http://www.frost.com), World Advanced Process Control, Process Optimization and Simulation Markets, reveals that the market earned revenues of $601.5 million in 2005 and estimates this to reach $1,167.5 million in 2012.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the World Advanced Process Control, Process Optimization and Simulation Markets, then send an e-mail to Tori Foster, Corporate Communications, at Email Contact, with your full name, company name, title, telephone number, fax number, and e-mail address. Upon receipt of the above information, an overview will be sent to you by e-mail.

The rate of adoption of these solutions has been largely consistent in oil and gas, refining and petrochemicals. The considerable demand not withstanding, solution providers should effectively tackle issues related to customer relationships and return on investments.

Customers are seeking solutions that can help them achieve greater value from their equipment throughout their lifecycle. With process variables changing constantly and adding up to a large number, customers are demanding devices that are robust and can complement each other to optimize the process consistently.

However, popular perception of APC being expensive and more suited to large-scale applications used in huge plants such as oil refineries and petrochemical units is hampering market participants' efforts to offer superior systems. 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 Frost & Sullivan Industry Manager Kishan M. Bhat." 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 unsophisticated control systems and allied technologies still govern manufacturing facilities in many key industries. They should be made aware that the advanced solutions will enable them to deal competition and cost pressures better by reducing downtime and thereby, saving time and costs.

"Most of the APC vendors regularly organize end-user forums and expos to increase awareness," notes Bhat. "These provide a platform for the customers to interact and convey their feedback."

While APC, optimization, and simulation systems already serve the chemicals, and oil and gas verticals, market participants are working on extending their reach to even non-conventional end users by offering innovative solutions.

The World Advanced Process Control, Process Optimization and Simulation Markets is part of the Industrial Automation and Process Control Growth Partnership Service, which includes research services in the following markets: strategic analysis of the automation and software solutions in the world pharmaceutical markets, strategic analysis of the automation and software solutions market in the world oil and gas industry, automation and software solutions in world food and beverage market, and world product lifecycle management solutions markets. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Interviews are available to the press.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com.

 World Advanced Process Control, Process Optimization and Simulation Markets

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    Contact:
    Tori Foster
    Corporate Communications - North America
    P: +1.210.477.8448
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    Donna Jeremiah
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http://www.frost.com

    Keywords in this release: advanced process control

Web site: http://www.frost.com//




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