Petrochemical & Refineries
The global automation market in the petrochemicals & refineries market expected to grow at a CAGR of more than 7% by 2020. The recent rise in capital and R&D investments for automation solutions is a critical factor that propels growth in this market. Also, rapid industrial development in emerging economies like China, India, and Brazil will bolster the need for automation products and services across various industries.
The growing use of cloud computing and big data analytics in the petrochemicals & refineries industry will impel market growth during the forecast period. The implementation of cloud computing and big data analytics in this industry will help manufacturers to expand their data storage facilities, boost operational flexibility, and enhance scalability during the manufacturing process. The ability of cloud-based and big data analytics to promote product lifecycle management and to help improve supply chain management will result in its augmented adoption during the predicted period.
- Product segmentation and analysis of the automation market in the chemicals and petrochemicals industry
- Distributed control system (DCS)
- Supervisory control and data acquisition (SCADA)
- Manufacturing execution system (MES)
- Programmable logic controller (PLC)
- Advanced process control (APC)
