Press release from Business Wire India
Source: Frost & Sullivan
Tuesday, March 19, 2013 04:53 PM IST (11:23 AM GMT)
Editors: General: Economy, People; Business: Business services, Chemicals, Energy companies, Information technology; Technology
Frost & Sullivan: Customized Offerings Vital to Increase Adoption of Advanced Process Control Solutions in India
Increasing investments in the oil and gas sector bodes well for the process control solutions market
Mumbai, Maharashtra, India, Tuesday, March 19, 2013 — (Business Wire India) — Increasing investments in oil and gas refining, petrochemicals, chemicals and fertilizers – both greenfield and brownfield projects – are expected to augment the demand of advanced process control (APC) solutions. Automation vendors can make the most of this market opportunity by customizing solutions to the specific needs of the end users.
New analysis from Frost & Sullivan (http://www.industrialautomation.frost.com), Analysis of the Advanced Process Control and Process Optimization Market in India, finds that the market earned revenues of $9.1 million during 2012 and expects this to reach $12.9 million in 2016.
“Companies in India are trying to increase energy efficiency and are considering investments in appropriate advanced solutions,” said Frost & Sullivan the Industrial Automation & Process Control Analyst. “Advanced solutions with energy management features to address environmental concerns, comply with regulations, and improve plant efficiency are likely to enjoy high uptake.”
Real-time process optimization and adaptive control are the need of the hour. Many plant owners are focusing on enhancing asset utilization by implementing advanced solutions. These solutions will also help achieve optimal plant efficiency, increase return on investment, and conserve energy.
While APC solutions’ benefits are many, limited end-user awareness about them is expected to hamper rapid adoption. End users perceive APC as suited for large-scale projects. The perceived technical complexity, which involves plant modeling and simulation, further deters end users from adopting the technology.
“Customized solutions for each end user and awareness campaigns about the advantages of APC and process optimization solutions will be the key to success in this market,” noted the analyst.
If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an e-mail to Priya George / Akshata Mhatre, Corporate Communications, at firstname.lastname@example.org / email@example.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by e-mail.
Analysis of the Advanced Process Control and Process Optimization Market in India is part of the Industrial Automation & Process Control Growth Partnership Service program. Frost & Sullivan’s related research services include: Distributed Control Systems Market in India and Indian Bulk Material Handling Equipment Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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Analysis of the Advanced Process Control and Process Optimization Market in India
Akshata Mhatre, Corporate Communications – South Asia, Frost & Sullivan, +91 9867873010 / +91 (22) 66072020, firstname.lastname@example.org
Priya George, Corporate Communications – South Asia, Frost & Sullivan, +91 9840355432 / +91 (44) 66814456, email@example.com
Nimisha Iyer, Corporate Communications – South Asia, Middle East & North Africa, Frost & Sullivan, +91 98200 50519 / +91 (22) 66072004, firstname.lastname@example.org
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