Market Overview:
The global advanced process control (APC) market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the APC market can be attributed to the increasing demand for energy-efficient and reliable processes across various industries. Additionally, the growing adoption of industrial Internet of Things (IIoT) is also contributing to the growth of the APC market. The APC market is segmented on the basis of type, application, and region. On the basis of type, it is divided into advanced regulatory control (ARC), multivariable model predictive control (MPC), and nonlinear MPC.
Product Definition:
Advanced Process Control (APC) is the use of advanced mathematical models and controls to regulate a process. The purpose of APC is to maintain the output of a process within tight tolerances, despite changes in the process environment or load.
Advanced Regulatory Control (ARC):
Advanced regulatory control is a technique to improve the quality and reliability of manufacturing processes. It controls the process variables such as temperature, pressure, flow rate, and others in order to make sure that products meet all required specifications. The major factor driving this technology is increasing complexity in product design with growing number of regulations across various industries.
Multivariable Model Predictive Control (MPC):
Multivariable model predictive control (MPC) is a technique used to reduce the uncertainty in complex process systems. MPC helps in improving the quality of output and reducing cost associated with production. It also helps to minimize risk, improve reliability, and increase profitability by effectively using available resources.
Application Insights:
The demand for advanced process control in the petroleum industry is witnessing a paradigm shift owing to the growing need for effective and efficient operations of upstream and downstream processes. The chemical industry accounted for over 25% of the overall market share in 2017, owing to its critical nature, wherein any variation or uncertainty can have a huge impact on production costs as well as end-user products quality.
Power industry is expected to witness significant growth over the forecast period due to rising demand from various countries such as China, India and Brazil. Other industries such as food & beverage that are highly automated are also likely to contribute significantly towards segment growth during future years. Increasing investments by companies including Siemens PLMT Ltd., ABB Ltd., Schneider Electric SE, Mitsubishi Electric Corporation (MELCO), General Electric Company (GE) among others will further boost market penetration across regional markets during future years.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of key companies and increased focus on improving plant safety standards. The region is expected to maintain its dominance over the forecast period due to factors such as increasing demand for nuclear power, growing shale gas reserves in U.S., and rising offshore oil & gas production in Canada.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rapid industrialization along with increasing government support for promoting manufacturing activities within the region. China has been at forefront of promoting APC technology adoption across industries, which can be attributed largely towards low labor cost and easy availability of cheap energy resources (sunlight).
Growth Factors:
- Increasing demand for energy efficient and reliable systems in manufacturing industries
- Rising need for advanced process control to improve product quality and achieve operational efficiency
- Proliferation of smart factories that require APC solutions for real-time monitoring and optimization of processes
- Growing popularity of Industry 4.0 concepts that call for deployment of APC technologies across the entire value chain
- Emergence of new applications areas such as semiconductor fabrication, biopharmaceuticals, and food processing that are driving the demand for APC solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Advanced Process Control (APC) Market Research Report
By Type
Advanced Regulatory Control (ARC), Multivariable Model Predictive Control (MPC), Nonlinear MPC
By Application
Petroleum Industry, Chemical Industry, Power Industry, Metallurgical Industry, Other
By Companies
ABB, Honeywell, Schneider Electric, Siemens, Aspen Technology, GE, Rockwell Automation, Yokogawa Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Advanced Process Control (APC) Market Report Segments:
The global Advanced Process Control (APC) market is segmented on the basis of:
Types
Advanced Regulatory Control (ARC), Multivariable Model Predictive Control (MPC), Nonlinear MPC
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Petroleum Industry, Chemical Industry, Power Industry, Metallurgical Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Honeywell
- Schneider Electric
- Siemens
- Aspen Technology
- GE
- Rockwell Automation
- Yokogawa Electric
Highlights of The Advanced Process Control (APC) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Advanced Regulatory Control (ARC)
- Multivariable Model Predictive Control (MPC)
- Nonlinear MPC
- By Application:
- Petroleum Industry
- Chemical Industry
- Power Industry
- Metallurgical Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Advanced Process Control (APC) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Advanced Process Control (APC) is a process control technology that allows for the automation of processes and systems. APC can improve efficiency, accuracy, and reliability in industrial settings.
Some of the major players in the advanced process control (apc) market are ABB, Honeywell, Schneider Electric, Siemens, Aspen Technology, GE, Rockwell Automation, Yokogawa Electric.
The advanced process control (apc) market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Advanced Process Control (APC) Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Advanced Process Control (APC) Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Advanced Process Control (APC) Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Advanced Process Control (APC) Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Advanced Process Control (APC) Market Size & Forecast, 2018-2028 4.5.1 Advanced Process Control (APC) Market Size and Y-o-Y Growth 4.5.2 Advanced Process Control (APC) Market Absolute $ Opportunity
Chapter 5 Global Advanced Process Control (APC) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Advanced Process Control (APC) Market Size Forecast by Type
5.2.1 Advanced Regulatory Control (ARC)
5.2.2 Multivariable Model Predictive Control (MPC)
5.2.3 Nonlinear MPC
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Advanced Process Control (APC) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Advanced Process Control (APC) Market Size Forecast by Applications
6.2.1 Petroleum Industry
6.2.2 Chemical Industry
6.2.3 Power Industry
6.2.4 Metallurgical Industry
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Advanced Process Control (APC) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Advanced Process Control (APC) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Advanced Process Control (APC) Analysis and Forecast
9.1 Introduction
9.2 North America Advanced Process Control (APC) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Advanced Process Control (APC) Market Size Forecast by Type
9.6.1 Advanced Regulatory Control (ARC)
9.6.2 Multivariable Model Predictive Control (MPC)
9.6.3 Nonlinear MPC
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Advanced Process Control (APC) Market Size Forecast by Applications
9.10.1 Petroleum Industry
9.10.2 Chemical Industry
9.10.3 Power Industry
9.10.4 Metallurgical Industry
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Advanced Process Control (APC) Analysis and Forecast
10.1 Introduction
10.2 Europe Advanced Process Control (APC) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Advanced Process Control (APC) Market Size Forecast by Type
10.6.1 Advanced Regulatory Control (ARC)
10.6.2 Multivariable Model Predictive Control (MPC)
10.6.3 Nonlinear MPC
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Advanced Process Control (APC) Market Size Forecast by Applications
10.10.1 Petroleum Industry
10.10.2 Chemical Industry
10.10.3 Power Industry
10.10.4 Metallurgical Industry
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Advanced Process Control (APC) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Advanced Process Control (APC) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Advanced Process Control (APC) Market Size Forecast by Type
11.6.1 Advanced Regulatory Control (ARC)
11.6.2 Multivariable Model Predictive Control (MPC)
11.6.3 Nonlinear MPC
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Advanced Process Control (APC) Market Size Forecast by Applications
11.10.1 Petroleum Industry
11.10.2 Chemical Industry
11.10.3 Power Industry
11.10.4 Metallurgical Industry
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Advanced Process Control (APC) Analysis and Forecast
12.1 Introduction
12.2 Latin America Advanced Process Control (APC) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Advanced Process Control (APC) Market Size Forecast by Type
12.6.1 Advanced Regulatory Control (ARC)
12.6.2 Multivariable Model Predictive Control (MPC)
12.6.3 Nonlinear MPC
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Advanced Process Control (APC) Market Size Forecast by Applications
12.10.1 Petroleum Industry
12.10.2 Chemical Industry
12.10.3 Power Industry
12.10.4 Metallurgical Industry
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Advanced Process Control (APC) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Advanced Process Control (APC) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Advanced Process Control (APC) Market Size Forecast by Type
13.6.1 Advanced Regulatory Control (ARC)
13.6.2 Multivariable Model Predictive Control (MPC)
13.6.3 Nonlinear MPC
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Advanced Process Control (APC) Market Size Forecast by Applications
13.10.1 Petroleum Industry
13.10.2 Chemical Industry
13.10.3 Power Industry
13.10.4 Metallurgical Industry
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Advanced Process Control (APC) Market: Competitive Dashboard
14.2 Global Advanced Process Control (APC) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Honeywell
14.3.3 Schneider Electric
14.3.4 Siemens
14.3.5 Aspen Technology
14.3.6 GE
14.3.7 Rockwell Automation
14.3.8 Yokogawa Electric