Process Simulation and Optimization

Publish Date

The Process Simulation and Optimization market research study delivers current market analysis plus a five year market and technology forecast.  The study is available in multiple editions including worldwide, all regions, and most major countries.

Process Simulation and Optimization Market Driven by Asset Lifecycle Optimization

The process simulation and optimization market is at an inflection point.  Artificial intelligence, advanced analytics, and cloud computing are creating a disruption in this market.  Cloud computing accelerates the opportunities for business improvement, enabling engineering organizations to create value from Industrie 4.0-type agility and digitization by Software-as-a-Service (SaaS) models. 

The market is moving to expand the scope of simulation beyond traditional engineering designs to asset lifecycle optimization.  SaaS leverages the respective strengths of both engineering simulation and cloud infrastructure providers to transform simulation to a higher value agile service, to provide scalable web access for legacy software, and to allow users to retain invaluable intellectual property (IP) for engineering.

Leaders in the simulation market focus on easy-to-use models with the ability to create, tune, and visualize with equipment-specific analytics.  Automated creation of engineering deliverables like process flow diagrams, piping and instrument diagrams greatly simplifies the handover between project engineering groups and ultimately to the owner-operator.

The cloud deployment approach can also accelerate the engineering process, thus bridging the gap between design and operations.  The use of AI creates the potential for value by embedding the expert into the assets, through in-context, AI-enabled cognitive guidance and best practices.

Process Simulation and Optimization Strategic Issues

Process Simulation and Optimization Market TrendsThe process simulation and optimization software market is in a state of flux as suppliers focus on accommodating evolving engineering users’ needs.  This report will help suppliers and users stay on top of these changes.  Strategic questions addressed include:

  • What are the key issues involved in integrating process simulation and optimization with other engineering processes?
  • What are the key elements for success in the process simulation and optimization software business?

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Process Simulation and Optimization Study Formats

This market study may be purchased as an Excel Workbook and/or as a concise, executive Market Analysis Report PDF File.  The Workbook has some unique features such as five year market history and the ability to select local currency.  Regional studies include country and industry market data.  Studies and formats available are listed below: 

MIRA Workbook Market Analysis PDF
Worldwide (includes regional data) Yes Yes
North America (includes country data) Yes No
Latin America (includes country data) Yes No
Europe, Middle East, Africa (includes country data) Yes No
Asia (includes country data) Yes No
Country Profiles (includes country data) No Yes

Countries included in each region

Table of contents for these studies is shown in the following paragraphs.

Worldwide Research Focus Areas

Strategic Analysis

  • Major Trends
  • Regional Trends
  • Industry Trends
  • Strategies for Success

Competitive Analysis

  • Market Shares of the Leading Suppliers
  • Market Shares by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Market Shares by Application
    • Simulation
    • Optimization
  • Market Shares by Process Simulation
    • Implementation Services
    • Maintenance Services
    • Process Simulation Software
  • Market Shares by Process Optimization
    • Implementation Services
    • Maintenance Services
    • Process Optimization
  • Market Shares by Industry
    • Cement & Glass
    • Chemical/Petrochemical
    • Electric Power Generation
    • Food & Beverage
    • Metals
    • Mining
    • Oil & Gas
    • Pharmaceutical
    • Pulp & Paper
    • Refining
    • Water & Wastewater
  • Market Shares by Customer Tier
  • Market Shares by Sales Channel

Market Forecasts and Histories

  • Total Process Simulation & Optimization Business
  • Shipments by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Shipments by Application
    • Simulation
    • Optimization
  • Shipments by Process Simulation
    • Implementation Services
    • Maintenance Services
    • Process Simulation Software
  • Shipments by Process Optimization
    • Implementation Services
    • Maintenance Services
    • Process Optimization
  • Shipments by Industry
    • Cement & Glass
    • Chemical/Petrochemical
    • Electric Power Generation
    • Food & Beverage
    • Metals
    • Mining
    • Oil & Gas
    • Pharmaceutical
    • Pulp & Paper
    • Refining
    • Water & Wastewater
  • Shipments by Customer Tier
  • Shipments by Sales Channel

Industry Participants

The research identifies all relevant suppliers serving this market. 

Regional Research Focus Areas

Strategic Analysis

Competitive Analysis

  • Leading Suppliers in Region
  • Industry Shares in Region
  • Country Shares in Region
  • Leading Suppliers by Industry

Market History & Forecast Analysis 

  • Market History & Forecast by Country
  • Market History & Forecast by Industry

Industry Participants

List of countries & currencies included in each region: MIRA-Country

Country Research Focus Areas

Please contact us for the countries available for this study.