USD 1526.72 million
Advanced Process Control (APC) Market Size, Share, Growth Analysis, By Product Type(Hardware (Control Systems, Interface and Display, Computing Systems, Others)), By Services(Advanced regulatory Control, Inferential Control, Sequential Control, Compressor Control), By End Use(Oil and Gas, Chemicals, Pharmaceuticals, Energy & Power), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45I2074 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
99
|Figures:
76
Advanced Process Control (APC) Market Insights
Advanced Process Control (APC) Market size was valued at USD 1526.72 million in 2019 and is poised to grow from USD 1673.29 million in 2023 to USD 3483.81 million by 2031, growing at a CAGR of 9.6% in the forecast period (2024-2031).
Advanced process control (APC) systems provide process industries the ability to efficiently reduce production times, ensure the manufacture of higher-quality goods, and enhance process plant operations' efficiency, cost, and safety. APC software installation for product development has significantly increased as a result of the growing consumer demand and the rising adoption of processing procedures focused on quality as a result of the market's ever-increasing competition.
Additionally, APC product growth quality enhancement, helping processing companies maintain their competitive edge. However, it is anticipated that small-scale businesses won't use APCs since they lack the necessary personnel and can't afford the hefty initial costs. One of the major reasons anticipated to propel the market's growth over the forecast period is the rising complexity of manufacturing and processing systems. By reducing the swings of important process variables, advanced process control systems are used to maximise plant performance and stabilise industrial processes. Enhanced process parameter monitoring (pressure, temperature), increased process safety, lower electricity usage, and higher productivity are some benefits of sophisticated process control systems.
Advanced process control systems offer quick changes to the production model as needed in real-time, without the need to take the controller offline. They also provide predictive maintenance (inspect, isolate, and repair issues without increasing the workload on operating staff). APC systems are now essential for many industries, including the chemical, oil and gas, and petrochemical sectors, due to these advantages. Organizations are investing a lot of money on APC technology to ensure customer satisfaction by lowering errors and integrating more factors at once for better process management.
US Advanced Process Control (APC) Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hardware
Fastest Growth
Hardware
Growth Rate
9.6% CAGR
Global Advanced Process Control (APC) Market ($ Mn)
Country Share for North America Region (%)
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Advanced Process Control (APC) Market Segmental Analysis
Global Advanced Process Control (APC) Market is segmented based on the Product Type, Services, end use, and region. Based on Product Type Global market is segmented into Hardware (Control Systems, Interface and Display, Computing Systems, Others), Software, Service. Based on the Services, it is segmented into Advanced regulatory Control, Inferential Control, Sequential Control, Compressor Control. Based on the end use into Oil and Gas, Chemicals, Pharmaceuticals, Energy & Power, Mining, Minerals, and Metals, Food & Beverages & Others. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Advanced Process Control (APC) Market Analysis by Product Type
Due to the substantial installed base of advanced process control systems in developed regions like North America and Europe, APC services are anticipated to experience a significant increase in demand throughout the forecast period.
The hardware market, however, is anticipated to grow at a higher CAGR throughout the forecast period. Additionally, the segment is divided into control systems, interface and display, computing systems, and others. The controllers, processors, and electrical devices that enable effective monitoring and feedback signalling through intelligent sensors make up the hardware of an APC system. The use of APC systems in the chemical and petrochemical sectors is predicted to increase, which will shortly fuel the segment's growth.
Advanced Process Control (APC) Market Analysis by End Use
Due to the widespread use of APC systems in the sector, the oil and gas category accounted for the biggest market share in 2021 and is anticipated to increase significantly over the next several years. This might be linked to the complexity and requirement for real-time regulation of processing processes in the oil and gas sector.
However, in order to maintain a safe working environment, the oil and gas industry must achieve a minimal margin of error, which calls for the employment of sophisticated process controls. Adoption of APC systems is essential due to changing industry regulations as well. The chemicals sector is anticipated to offer potential growth opportunities, even though the oil and gas industry is anticipated to continue to be a significant end-use segment for the market.
Global Advanced Process Control (APC) Market By Product Type
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Advanced Process Control (APC) Market Regional Insights
North America is expected to experience rapid growth during the forecast period. This region has developed into a mature market for sophisticated process control systems as a result of early adoption of automation across end-use sectors in nations like the United States and Canada. Demand for APC systems for sustainable industrial processes is increasing due to high R&D expenditure and strict environmental restrictions. Over the course of the projection period, rising E&P activities in the region's oil and gas industry would boost the market for North America Advanced Process Control.
The advanced process control market is dominated by Asia Pacific. India and China dominate the market for advanced process controls in the Asia Pacific area. This is due to the growing need for energy-efficient industrial systems and the expansion of the infrastructure sector. The goal of APC development and continuous improvement is to increase the efficiency of production processes, which will lead to greater product quality. Implementing an APC reduces emissions while also improving process safety. The makers can easily maintain the plant's operation using cutting-edge software.
Global Advanced Process Control (APC) Market By Region
- Largest
- Fastest
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Advanced Process Control (APC) Market Dynamics
Advanced Process Control (APC) Market Drivers
Increasing demand for Automation Solutions to Bolster Market Growth
- The increasing demand for automation solutions across various sectors is one of the key factors driving growth of the global advanced process control (APC) market. Today, well-known industries are implementing automation technologies to optimise business models. Many businesses are choosing advanced process control (APC) software solutions to improve the process with basic automation solutions. The advanced process control (APC) market is also predicted to grow in the near future due to the rising need for distinctive software solutions that can detect component failures at the component level, growing demand for energy-efficient production processes, and safety & security concerns.
- One of the main factors driving the growth of the advanced process control software market worldwide is the increasing demand for energy-efficient production methods.
Advanced Process Control (APC) Market Restraints
Increase in Consumption to Hinder Market Growth
- Advanced process control (APC) implementation requires huge consumption is increasing, which could impede the growth of the APC industry in the ensuing years. Due to the availability of numerous cost-effective alternatives, demand for these expensive technologies may be decreasing in the global market.
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Advanced Process Control (APC) Market Competitive Landscape
The competitive landscape for the advanced process control industry gives information by competitor. Included information includes a business overview, financials, revenue generated, market potential, investments in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launches, product breadth and depth, and application dominance. The aforementioned data points are limited to the companies' market focus on advanced process control. To create a range of products that are affordable, many players are investing in R&D.
Advanced Process Control (APC) Market Top Player's Company Profiles
- ABB Ltd.
- Aspen Technology, Inc.
- Honeywell International Inc.
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- Emerson Electric Co.
- General Electric Co.
- Yokogawa Electric Corporation
- Rudolph Technologies, Inc.
- Process Systems Enterprise Ltd.
- KBC Advanced Technologies plc
- FMC Technologies, Inc.
- Metso Corporation
- NovaTech Process Solutions, LLC
- TDC Technologies, Inc.
- TechnipFMC plc
- Applied Materials, Inc.
- SGS SA
- Rudolph Technologies, Inc.
Advanced Process Control (APC) Market Recent Developments
- In March 2022, Siemens purchased Senseye, a global provider of industrial analytics software with headquarters in Southampton. The goal of this acquisition was to increase the company's marketability and provide cutting-edge predictive maintenance and asset information.
- In January 2022, Self-disinfecting antiviral and antibacterial switches are among the devices in Schneider Electric's Clipsal X series that have recently gone on sale. Modern technology is provided by these switches to ensure the highest level of safety.
Advanced Process Control (APC) Key Market Trends
- The market for advanced process control is anticipated to be considerably driven by the oil and gas sector. The need for APC is supported by increased automation adoption rates and the industry's reliance on key processes. The industry is currently concentrating on increasing efficiency and delaying investments from new projects toward developing the existing infrastructure because of the recent decline in oil prices. In order to increase income with little expenditures, businesses in the sector are progressively implementing cutting-edge solutions that offer a variety of long-term benefits, such as improving efficiency. Oil firms are constantly looking for innovative methods that decrease costs and increase profitability as production increases year on year.
Advanced Process Control (APC) Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to the global advanced process control market analysis, Increased focus on technological advancements in the big data analytics space by the major players, growth in the use of advanced process control for a variety of applications, including oil and gas, petrochemicals, water and wastewater, chemicals, power, paper and pulp, pharmaceuticals, food and beverages, and others, are the main contributors to this trend.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1526.72 million |
| Market size value in 2031 | USD 3483.81 million |
| Growth Rate | 9.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Advanced Process Control (APC) Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Advanced Process Control (APC) Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Advanced Process Control (APC) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Advanced Process Control (APC) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Advanced Process Control (APC) Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Advanced Process Control (APC) Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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