Universal Process Controllers Market – Global Forecast, Size, and Growth by Technavio

LONDON–(BUSINESS WIRE)–#Automation–According to the latest market study released by Technavio,
the global
universal process controllers market is expected to grow at a CAGR
of almost 6% during the forecast period.

This research report titled ‘Global
Universal Process Controllers Market 2017-2021’ provides an in-depth
analysis of the market in terms of revenue and emerging market trends.
This market research report also includes up to date analysis and
forecasts for various market segments and all geographical regions.

The market for universal process controllers has a direct impact from
the developments based on the deployment of automation and need for
precise control and monitoring operations in end-user industries. The
global universal process controllers market is expected to have a steady
growth rate in terms of market size, and this growth is likely to come
from the rising markets in Asia, the Middle East, and Latin America.

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Technavio’s analysts categorize the global universal process controllers
market into five major segments by end users. They are:

• Oil and gas industry
• Food and beverages industry
• Chemical and petrochemical industry
• Power industry
• Others

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The top three segments based on end-users for the global universal
process controllers market are discussed below:

Global universal process controllers market in the oil and gas
industry

Universal process controllers are widely used in the oil and gas
industry because of their applications in various process machines. It
forms an integral part of process industries like the oil and gas
industry. The deployment of production machines and instruments,
exploration of new oil and gas fields in African countries such as
Nigeria, and increased investments in production in the Americas and the
Middle East are expected to drive the global universal process
controllers market.

According to Raghav Bharadwaj Shivaswamy, a lead automation
research analyst from Technavio, “The requirement for UPCs in the oil
and gas industry will increase with investments in the offshore and
shale gas production activities. Though in the recent years, the oil and
gas industry has been undergoing a decline in greenfield projects.”

Global universal process controllers market in the food and beverages
industry

The food and beverages industry is seeing an increased adoption for UPCs
in related companies. The food and beverages industry is growing at a
faster rate in the developing countries such as China and Brazil.
End-users influence the growth of the global universal process
controllers market, wherein the food and beverages industry plays a
major role.

“The production process in this industry involves fluids, gasses, and
chemical compounds that need high industry standards of monitoring and
controlling products. The regulation standards are supporting the
adoption of such process controller products,” says Raghav.

Global universal process controllers market in the power industry

The power industry is facing a transmission from coal-fed to solar and
wind energy due to the growing climate changes, as coal-fired power
stations are being regulated heavily in most countries, especially in
the European market. There is an increase in consumption of electricity.

Developing countries are investing in advanced technologies and
equipment to scale up production capacities. The deployment of UPCs
empowers end-users in the power generation industry with higher
efficiency, better control, and faster monitoring of processes.

The top vendors highlighted by Technavio’s research analysts in this
report are:

• ABB
• Bürkert
• JUMO
• OMEGA Engineering
• Sisel Engineering

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