Global Advanced Process Control Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 9/22/2022
- NO OF PAGES
- 287
- CATEGORY
- Information Technology
Market Overview:
The global Advanced Process Control market was valued at USD 1,465.62 million in 2022 and expected to grow at a CAGR of 5.6% during the forecast period.
Advanced Process Control (APC) refers to the application of advanced control algorithms and techniques to optimize the performance of industrial processes. The goal of APC is to improve process efficiency, reduce costs, and increase productivity by dynamically controlling process variables in real-time. APC systems use mathematical models and algorithms to predict process behavior and make adjustments to process variables such as temperature, pressure, flow rate, and chemical composition. This allows the system to continuously optimize the process to meet the desired output while minimizing waste and reducing energy consumption. APC is widely used in various industries, including chemical, petrochemical, oil and gas, power generation, and manufacturing. Some of the key benefits of APC include improved process stability, increased yield, reduced energy consumption, improved product quality, and reduced emissions. There are various types of APC systems, including model-based predictive control, fuzzy logic control, and neural network control. These systems use different algorithms and techniques to optimize process performance and can be customized for specific processes and industries. Overall, APC is an important tool for optimizing industrial processes and improving efficiency, productivity, and profitability. With advances in technology and the increasing need for sustainable and cost-effective operations, the use of APC is expected to continue to grow in various industries.
Covid-19 Impact:
The COVID-19 pandemic has had a mixed impact on the Advanced Process Control (APC) market. On the one hand, the pandemic has disrupted supply chains and caused a slowdown in the global economy, which has impacted the growth of the APC market. On the other hand, the pandemic has highlighted the importance of automation and remote monitoring, which has increased demand for APC systems. The pandemic has caused a decline in demand for some end-use industries, such as oil and gas, chemicals, and manufacturing. This has resulted in a decrease in investment in new projects and a delay in the implementation of APC systems. Additionally, disruptions in the supply chain have caused delays in equipment delivery, which has further slowed down the implementation of APC systems. However, the pandemic has also highlighted the need for automation and remote monitoring of industrial processes to reduce the risk of transmission of the virus. APC systems can help to minimize the need for on-site personnel and allow for remote monitoring and control of processes. This has increased demand for APC systems in industries such as pharmaceuticals, food and beverage, and utilities. Overall, the COVID-19 pandemic has had a mixed impact on the APC market. While some industries have slowed down investment in APC systems due to the economic downturn, others have increased investment due to the need for automation and remote monitoring. As the world continues to adapt to the pandemic, the APC market is expected to continue to grow as industries look for ways to improve efficiency and productivity while reducing the risk of transmission.
Market Dynamics:
Drivers:
Increasing demand for process optimization: APC systems can optimize industrial processes to improve efficiency, reduce waste, and increase productivity. As industries become more competitive, there is increasing demand for APC systems to improve process performance.
Technological advancements: The development of new technologies and software tools has made APC systems more efficient and easier to implement. This has increased the adoption of APC systems in various industries.
Increasing need for energy efficiency: APC systems can help to reduce energy consumption and minimize carbon emissions. As the demand for sustainable operations continues to grow, APC systems are becoming increasingly important in various industries.
Rising demand for remote monitoring and control: The COVID-19 pandemic has highlighted the need for remote monitoring and control of industrial processes. APC systems can help to minimize the need for on-site personnel and enable remote monitoring and control of processes.
Increasing complexity of industrial processes: Industrial processes are becoming more complex, which makes it difficult for human operators to optimize performance. APC systems can help to automate complex processes and optimize performance in real-time.
Cost reduction: APC systems can help to reduce operational costs by optimizing processes and minimizing waste. As industries become more cost-conscious, there is increasing demand for APC systems to reduce costs and improve profitability.
Overall, the driving factors for APC systems are focused on improving efficiency, reducing waste, and increasing profitability. As industries become more competitive and cost-conscious, the demand for APC systems is expected to continue to grow.
Restraints:
High initial investment costs: Implementing APC systems requires a significant initial investment in hardware, software, and personnel training. This can be a barrier for some industries, especially small and medium-sized enterprises (SMEs), which may not have the resources to invest in APC systems.
Lack of skilled personnel: Implementing and operating APC systems requires highly skilled personnel who are knowledgeable about the industry and the software tools used. There is a shortage of skilled personnel in some industries, which can make it difficult to implement APC systems effectively.
Resistance to change: Implementing APC systems requires changes in the way processes are managed and operated, which can be met with resistance from employees who are used to the traditional way of doing things. This can slow down the adoption of APC systems in some industries.
Integration challenges: APC systems may need to be integrated with existing control systems, which can be challenging and time-consuming. This can make it difficult to implement APC systems in industries with complex and heterogeneous control systems.
Cybersecurity concerns: APC systems are vulnerable to cyber-attacks, which can result in loss of control over industrial processes and pose a threat to safety and security. This can be a concern for industries that rely on APC systems to operate critical infrastructure.
Overall, the restraining factors for APC systems are focused on the initial investment costs, the need for skilled personnel, resistance to change, integration challenges, and cybersecurity concerns. These factors can slow down the adoption of APC systems in some industries, but they are not insurmountable and can be addressed with appropriate planning and management.
Regional Analysis:
North America and Europe are the major regions for the APC market due to the presence of a large number of established industrial players and the early adoption of advanced technologies. These regions have a high level of awareness regarding the benefits of APC systems, including improved process efficiency, reduced waste, and increased productivity. The market in North America is driven by the growth in the oil and gas industry, while the market in Europe is driven by the increasing demand for sustainable operations in various industries.
The Asia Pacific region is expected to witness the highest growth rate during the forecast period due to the increasing adoption of advanced technologies in industries such as oil and gas, chemicals, and power generation. The market in this region is driven by the increasing demand for energy and the need to reduce carbon emissions. Countries such as China, Japan, India, and South Korea are expected to be major contributors to the growth of the APC market in the Asia Pacific region.
Latin America and the Middle East & Africa are also expected to witness significant growth in the APC market due to the increasing adoption of advanced technologies in the oil and gas industry. The market in these regions is driven by the increasing demand for energy and the need to improve process efficiency.
Overall, the APC market is expected to witness significant growth in all regions due to the increasing demand for process optimization, the need for energy efficiency, and the rising complexity of industrial processes. The market is expected to be driven by the increasing adoption of advanced technologies and the development of new software tools that make APC systems more efficient and easier to implement.
Competitive Landscape:
The global Advanced Process Control market is highly competitive and fragmented with the presence of several players. These companies are constantly focusing on new product development, partnerships, collaborations, and mergers and acquisitions to maintain their market position and expand their geographical presence.
Some of the key players operating in the market are:
· Schneider Electric
· Siemens
· Rudolph Technologies
· Aspen Technology, Inc.
· Emerson Electric Co.
· ABB Ltd.
· Yokogawa Electric Corporation
· Panasonic Corporation
· Rockwell Automation, Inc.
· Honeywell International Inc
· Others
Segments
By Product Type
· Hardware
o Control Systems
o Interface and Display
o Computing Systems
o Others
· Software
· Service
By End-user
· Oil and Gas
· Chemicals
· Pharmaceuticals
· Energy & Power
· Mining, Minerals, and Metals
· Food & Beverages
· Others
By Geography
· North America
o U.S.
o Canada
o Mexico
· Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
· Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
· Latin America
o Brazil
o Argentina
o Colombia
· MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
§ Business Model
§ Production Capacity, Revenue, Sales, Gross Margin
§ Key Business Strategy
§ SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
§ Company Share Analysis from 2018-2022
§ Company Analysis by Revenue and Sales
§ Company Production Capacity, Gross Margin
§ Company Share Analysis by Application/End Use
§ Company Share Analysis by Product/Specification
Global Advanced Process Control Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
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• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Historic Year: 2016-2022
Forecast: 2024-2035
1 Advanced Process Control Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Advanced Process Control
1.3 Advanced Process Control Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Advanced Process Control
1.4.2 Applications of Advanced Process Control
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Honeywell International Inc. Market Performance Analysis
3.1.1 Honeywell International Inc. Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Honeywell International Inc. Sales, Value, Price, Gross Margin 2016-2021
3.2 Rockwell Automation Inc. Market Performance Analysis
3.2.1 Rockwell Automation Inc. Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Rockwell Automation Inc. Sales, Value, Price, Gross Margin 2016-2021
3.3 Aspen Technology Inc. Market Performance Analysis
3.3.1 Aspen Technology Inc. Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Aspen Technology Inc. Sales, Value, Price, Gross Margin 2016-2021
3.4 Emerson Electric Co. Market Performance Analysis
3.4.1 Emerson Electric Co. Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Emerson Electric Co. Sales, Value, Price, Gross Margin 2016-2021
3.5 ABB Ltd Market Performance Analysis
3.5.1 ABB Ltd Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 ABB Ltd Sales, Value, Price, Gross Margin 2016-2021
3.6 General Electric Co. Market Performance Analysis
3.6.1 General Electric Co. Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 General Electric Co. Sales, Value, Price, Gross Margin 2016-2021
3.7 Siemens AG Market Performance Analysis
3.7.1 Siemens AG Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Siemens AG Sales, Value, Price, Gross Margin 2016-2021
3.8 Rudolph Technologies Inc. Market Performance Analysis
3.8.1 Rudolph Technologies Inc. Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Rudolph Technologies Inc. Sales, Value, Price, Gross Margin 2016-2021
3.9 Schneider Electric SE Market Performance Analysis
3.9.1 Schneider Electric SE Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Schneider Electric SE Sales, Value, Price, Gross Margin 2016-2021
3.10 Yokogawa Electric Corp. Market Performance Analysis
3.10.1 Yokogawa Electric Corp. Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Yokogawa Electric Corp. Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Advanced Process Control Production and Value by Type
4.1.1 Global Advanced Process Control Production by Type 2016-2021
4.1.2 Global Advanced Process Control Market Value by Type 2016-2021
4.2 Global Advanced Process Control Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Advanced Regulatory Control Market Production, Value and Growth Rate
4.2.2 Model Predictive Control Market Production, Value and Growth Rate
4.2.3 Inferential, Sequential, and Compressor Control Market Production, Value and Growth Rate
4.3 Global Advanced Process Control Production and Value Forecast by Type
4.3.1 Global Advanced Process Control Production Forecast by Type 2021-2026
4.3.2 Global Advanced Process Control Market Value Forecast by Type 2021-2026
4.4 Global Advanced Process Control Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Advanced Regulatory Control Market Production, Value and Growth Rate Forecast
4.4.2 Model Predictive Control Market Production, Value and Growth Rate Forecast
4.4.3 Inferential, Sequential, and Compressor Control Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Advanced Process Control Consumption and Value by Application
5.1.1 Global Advanced Process Control Consumption by Application 2016-2021
5.1.2 Global Advanced Process Control Market Value by Application 2016-2021
5.2 Global Advanced Process Control Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Oil and Gas Market Consumption, Value and Growth Rate
5.2.2 Chemicals Market Consumption, Value and Growth Rate
5.2.3 Pharmaceuticals Market Consumption, Value and Growth Rate
5.2.4 Energy & Power Market Consumption, Value and Growth Rate
5.2.5 Mining, Minerals, and Metals Market Consumption, Value and Growth Rate
5.2.6 Food & Beverages Market Consumption, Value and Growth Rate
5.2.7 Others Market Consumption, Value and Growth Rate
5.3 Global Advanced Process Control Consumption and Value Forecast by Application
5.3.1 Global Advanced Process Control Consumption Forecast by Application 2021-2026
5.3.2 Global Advanced Process Control Market Value Forecast by Application 2021-2026
5.4 Global Advanced Process Control Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Oil and Gas Market Consumption, Value and Growth Rate Forecast
5.4.2 Chemicals Market Consumption, Value and Growth Rate Forecast
5.4.3 Pharmaceuticals Market Consumption, Value and Growth Rate Forecast
5.4.4 Energy & Power Market Consumption, Value and Growth Rate Forecast
5.4.5 Mining, Minerals, and Metals Market Consumption, Value and Growth Rate Forecast
5.4.6 Food & Beverages Market Consumption, Value and Growth Rate Forecast
5.4.7 Others Market Consumption, Value and Growth Rate Forecast
6 Global Advanced Process Control by Region, Historical Data and Market Forecasts
6.1 Global Advanced Process Control Sales by Region 2016-2021
6.2 Global Advanced Process Control Market Value by Region 2016-2021
6.3 Global Advanced Process Control Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Advanced Process Control Sales Forecast by Region 2021-2026
6.5 Global Advanced Process Control Market Value Forecast by Region 2021-2026
6.6 Global Advanced Process Control Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Advanced Process Control Value and Market Growth 2016-2021
7.2 United State Advanced Process Control Sales and Market Growth 2016-2021
7.3 United State Advanced Process Control Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Advanced Process Control Value and Market Growth 2016-2021
8.2 Canada Advanced Process Control Sales and Market Growth 2016-2021
8.3 Canada Advanced Process Control Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Advanced Process Control Value and Market Growth 2016-2021
9.2 Germany Advanced Process Control Sales and Market Growth 2016-2021
9.3 Germany Advanced Process Control Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Advanced Process Control Value and Market Growth 2016-2021
10.2 UK Advanced Process Control Sales and Market Growth 2016-2021
10.3 UK Advanced Process Control Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Advanced Process Control Value and Market Growth 2016-2021
11.2 France Advanced Process Control Sales and Market Growth 2016-2021
11.3 France Advanced Process Control Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Advanced Process Control Value and Market Growth 2016-2021
12.2 Italy Advanced Process Control Sales and Market Growth 2016-2021
12.3 Italy Advanced Process Control Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Advanced Process Control Value and Market Growth 2016-2021
13.2 Spain Advanced Process Control Sales and Market Growth 2016-2021
13.3 Spain Advanced Process Control Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Advanced Process Control Value and Market Growth 2016-2021
14.2 Russia Advanced Process Control Sales and Market Growth 2016-2021
14.3 Russia Advanced Process Control Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Advanced Process Control Value and Market Growth 2016-2021
15.2 China Advanced Process Control Sales and Market Growth 2016-2021
15.3 China Advanced Process Control Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Advanced Process Control Value and Market Growth 2016-2021
16.2 Japan Advanced Process Control Sales and Market Growth 2016-2021
16.3 Japan Advanced Process Control Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Advanced Process Control Value and Market Growth 2016-2021
17.2 South Korea Advanced Process Control Sales and Market Growth 2016-2021
17.3 South Korea Advanced Process Control Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Advanced Process Control Value and Market Growth 2016-2021
18.2 Australia Advanced Process Control Sales and Market Growth 2016-2021
18.3 Australia Advanced Process Control Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Advanced Process Control Value and Market Growth 2016-2021
19.2 Thailand Advanced Process Control Sales and Market Growth 2016-2021
19.3 Thailand Advanced Process Control Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Advanced Process Control Value and Market Growth 2016-2021
20.2 Brazil Advanced Process Control Sales and Market Growth 2016-2021
20.3 Brazil Advanced Process Control Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Advanced Process Control Value and Market Growth 2016-2021
21.2 Argentina Advanced Process Control Sales and Market Growth 2016-2021
21.3 Argentina Advanced Process Control Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Advanced Process Control Value and Market Growth 2016-2021
22.2 Chile Advanced Process Control Sales and Market Growth 2016-2021
22.3 Chile Advanced Process Control Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Advanced Process Control Value and Market Growth 2016-2021
23.2 South Africa Advanced Process Control Sales and Market Growth 2016-2021
23.3 South Africa Advanced Process Control Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Advanced Process Control Value and Market Growth 2016-2021
24.2 Egypt Advanced Process Control Sales and Market Growth 2016-2021
24.3 Egypt Advanced Process Control Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Advanced Process Control Value and Market Growth 2016-2021
25.2 UAE Advanced Process Control Sales and Market Growth 2016-2021
25.3 UAE Advanced Process Control Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Advanced Process Control Value and Market Growth 2016-2021
26.2 Saudi Arabia Advanced Process Control Sales and Market Growth 2016-2021
26.3 Saudi Arabia Advanced Process Control Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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