Global Advanced Process Control Market
The global Advanced Process Control market was valued at USD 23 billion in 2021 which expected to reach USD 29.5 billion by 2027 at a CAGR 4.07% from 2021-2027.
Advanced Process Control (APC) is a model-based software that improves quality, throughput, and energy usage to provide performance and economic expansion in industries. It employs cutting-edge technology to provide automatic control systems capable of improving process efficiency in a variety of industries, including manufacturing, refining, petrochemical, mining, and food and beverage. APC software offers advantages such as automated data collection and analysis, linear programming, control system independence, and optimization of manufacturing operations, all of which improve process safety and reduce environmental emissions.
Market Drivers
The constant rise in user demand, as well as the adoption of best practices to improve production and quality, as well as advanced automation and process controls, has resulted in significant growth in the APC system. However, it requires a large initial investment and is only suitable for large-scale production.
Market challenges
Small-scale organizations are unlikely to use APCs due to a scarcity of skilled professionals and the need for large initial investments.
COVID-19 Impact on the Advanced Process Control Market
The Covid-19 pandemic is having a significant impact on global energy systems, reducing investments and potentially slowing the spread of critical clean energy technologies. Net oil exporting countries are suffering an unprecedented double blow: a global economic contraction caused by the COVID-19 pandemic and an oil market collapse, with the West Texas Intermediate, the benchmark price for US crude oil, briefly falling below zero for the first time in history.
Market Segmentation
The Global Advanced Process Control Market is segmented into Type, End-Use. By Type such as Hardware, Software, Service. Further, market is segmented into By End-Use such as Oil and Gas, Chemicals, Pharmaceuticals, Energy & Power, Mining, Minerals, and Metals, Food & Beverages, Others.
Regional Analysis
Global Advanced Process Control Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific dominated the Advanced Process Control market. The region's high adoption of APC systems in the chemical, pharmaceutical, pulp and paper, and oil and gas industries Furthermore, chemical manufacturers are investing heavily in the enhancement and customized installation of APC tools in order to optimize their operating processes. Because of ongoing technological advancements such as automation in processing industries and the use of APC in hydraulic fracturing of shale gas formation, the European market is followed by the North American market. The significant adoption rate in nuclear power plants and the semiconductor industry also contributes to the APC market's growth prospects in North America.
Key Players
Various key players are listed in this report such as Schneider Electric; Siemens; Rudolph Technologies; Aspen Technology, Inc.; Emerson Electric Co.; ABB; Yokogawa Electric Corporation; Panasonic Corporation; Rockwell Automation, Inc.; Honeywell International Inc. among others.
Market Taxonomy
By Type
By End-Use
By Region
Key Questions Addressed by the Report
Global Advanced Process Control Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Advanced Process Control Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Advanced Process Control Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Advanced Process Control Market Share Analysis, By Type
5.3 Global Advanced Process Control Market Size and Forecast, By Type
5.3.1 Hardware
5.3.1.1 Control Systems
5.3.1.2 Interface and Display
5.3.1.3 Computing Systems
5.3.1.4 Others
5.3.2 Software
5.3.3 Service
6 Global Advanced Process Control Market, By End-Use
6.1 Y-o-Y Growth Comparison, By End-Use
6.2 Global Advanced Process Control Market Share Analysis, By End-Use
6.3 Global Advanced Process Control Market Size and Forecast, By End-Use
6.3. 1 Oil and Gas
6.3.2 Chemicals
6.3.3 Pharmaceuticals
6.3.4 Energy & Power
6.3.5 Mining, Minerals, and Metals
6.3.6 Food & Beverages
6.3.7 Others
7 Global Advanced Process Control Market, By Region
7.1 Global Advanced Process Control Market Share Analysis, By Region
7.2 Global Advanced Process Control Market Share Analysis, By Region
7.3 Global Advanced Process Control Market Size and Forecast, By Region
8 North America Advanced Process Control Market Analysis and Forecast (2021-2027)
8.1 Introduction
8.2 North America Advanced Process Control Market Share Analysis, By Type
8.3 North America Advanced Process Control Market Size and Forecast, By End-Use
8.4 North America Advanced Process Control Market Size and Forecast, By Country
8.5.1 U.S.
8.6.2 Canada
9.7.3 Mexico
9 Europe Advanced Process Control Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Advanced Process Control Market Share Analysis, By Type
9.3 Europe Advanced Process Control Market Size and Forecast, By End-Use
9.4 Europe Advanced Process Control Market Size and Forecast, By Country
9.5.1 Germany
9.6.2 France
9.7.3 UK
9.8.4. Rest of Europe
10 Asia Pacific Advanced Process Control Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Advanced Process Control Market Share Analysis, By Type
10.3 Asia Pacific Advanced Process Control Market Size and Forecast, By End-Use
10.4 Asia Pacific Advanced Process Control Market Size and Forecast, By Country
10.5.1 China
10.6.2 Japan
10.7.3 India
10.8.4. Rest of Asia Pacific
11 Latin America Advanced Process Control Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Advanced Process Control Market Share Analysis, By Type
11.3 Latin America Advanced Process Control Market Size and Forecast, By End-Use
11.4 Latin America Advanced Process Control Market Size and Forecast, Country
11.5.1. Brazil
11.6.2. Rest of Latin America
12 Middle East Advanced Process Control Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Advanced Process Control Market Share Analysis, By Type
12.3 Middle East Advanced Process Control Market Size and Forecast, By End-Use
12.4 Middle East Advanced Process Control Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.6.2. UAE
12.7.3. Egypt
12.8.4. Kuwait
12.9.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Schneider Electric
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Siemens
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Rudolph Technologies
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Aspen Technology, Inc
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Emerson Electric Co.
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 ABB
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Yokogawa Electric Corporation.
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Panasonic Corporation
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Rockwell Automation, Inc
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Honeywell International Inc
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
