Refining Industry Automation & Software Markets: Global Insights & Forecasts to 2024 - ResearchAndMarkets.com
Summary
DUBLIN--(BUSINESS WIRE)--The "Refining Industry Automation and Software Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.coms offering. The refining industry automation and software market is expected to register a CAGR of over 3% during the forecast period 2019-2024. With the advent of IoT, ML, AI, the refining industry is using these software and recent technologies to overcome the challenges that were faced earlier such as higher labor cost, higher energy consumption and providing precise and accurate solution. Increase in Drilling Activity is Driving the Market Growing Refinery Sector in Asia-Pacific is Supporting the Market Growth The refining industry automation and software market is consolidated due to the majority of the market share are owned by top players in the industry. Some of the key players include Honeywell Process Solutions, ABB Limited, Siemens AG, Emerson Process Management, Aspen Technology, Schneider Electric, among others.