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The growing market conditions in APAC have increased the demand for UPCs in both the discrete and process industries. The advancement in the process industries like chemical and petrochemical, food and beverages, and power generation have created a growing inclination and preference among the evolving Asian countries for UPCs. UPCs offer several benefits such as best control response, shorter lead time, and increase in throughput. This has encouraged companies to invest in modern technologies, integration systems, and automation technologies that are increasingly adopting UPCs. According to Technavio's market research analysts, the universal process controllers (UPC) market will grow at a CAGR of around 6% by 2021.
In terms of geographic regions, EMEA will be the major revenue contributor to the universal process controllers market throughout the forecast period. The oil and gas, power, food and beverages, and chemical and petrochemical industries are the major drivers to the UPC market in EMEA. The manufacturing of new process machines, the adoption of process automation, and the integration with control systems for the end-user applications, will also increase the demand for UPCs in this region.
The competition among the players in the global universal process controllers market is mainly based on product features, prices, and customized solutions. The well-established vendors are concentrating on geographical expansion. The vendors in the process control systems market focus on increasing their production capacities and in upselling products by upgrading the existing UPCs.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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