Market Overview:
The global advanced process control market reached a value of US$ 1.45 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.35 Billion by 2027, exhibiting a CAGR of 8.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Advanced process control (APC) refers to a set of sophisticated technologies and model-based software that is implemented in various industries for maximizing operational efficiency. It includes digital control units and online sensors, which aids in enhancing production capacity and equipment reliability, automating data collection, and monitoring process parameters while consuming minimal energy. This, in turn, assists enterprises in optimizing manufacturing operations, solving multivariable control problems, reducing disruption, catering process control system requirements, and improving productivity. At present, APC is commercially available in varying types, such as advanced regulatory control (ARC), multivariable model predictive control (MPC), and nonlinear MPC.
Advanced Process Control Market Trends:
The widespread adoption of advanced process control across the petrochemicals, chemical, pharmaceuticals, oil and gas, food and beverage (F&B), and paper and pulp industries can be attributed to the increasing need for efficient automation solutions. Advanced process control eliminates the involvement of humans in production processes, thereby reducing the risks of accidents and enhancing safety. Additionally, rising concerns regarding industry-generated emissions, especially from oil and gas, have prompted governments of various countries to introduce policies that promote the use of advanced process control. This, in turn, helps in minimizing the operational costs, capital expenditure, and negative environmental impact, which is further propelling the market growth. In line with this, significant technological advancements and the integration of process analytical technology (PAT) for equipping workers with offline and online model building, verification, and data analysis tools to enable the precise performance of industry-related tasks are acting as other growth-inducing factors. Moreover, the extensive utilization of APC for allowing instant modification in the production operations is contributing to the market growth. Other factors, such as strategic collaborations amongst the key players and the rising investments in the research and development (R&D) activities for introducing energy-efficient process controlling systems, are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global advanced process control market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component and end use industry.
Breakup by Component:
Breakup by End Use Industry:
- Oil and Gas
- Petrochemical
- Pharmaceutical
- Food and Beverage
- Energy and Power
- Chemical
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Aspen Technology Inc., Azbil Corporation, Emerson Electric Co., FLSmidth & Co. A/S, General Electric Company, Honeywell International Inc., Onto Innovation, Panasonic Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG and Yokogawa Electric Corporation.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Component, End Use Industry, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
ABB Ltd., Aspen Technology Inc., Azbil Corporation, Emerson Electric Co., FLSmidth & Co. A/S, General Electric Company, Honeywell International Inc., Onto Innovation, Panasonic Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG and Yokogawa Electric Corporation. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global advanced process control market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global advanced process control market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global advanced process control market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Advanced Process Control Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Software
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Service
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by End Use Industry
7.1 Oil and Gas
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Petrochemical
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Pharmaceutical
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Food and Beverage
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Energy and Power
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Chemical
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 ABB Ltd.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 Aspen Technology Inc.
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.3 Azbil Corporation
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.4 Emerson Electric Co.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.5 FLSmidth & Co. A/S
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.6 General Electric Company
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7 Honeywell International Inc.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.7.4 SWOT Analysis
13.3.8 Onto Innovation
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.9 Panasonic Corporation
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.9.4 SWOT Analysis
13.3.10 Rockwell Automation Inc.
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.10.4 SWOT Analysis
13.3.11 Schneider Electric SE
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.11.3 Financials
13.3.12 Siemens AG
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
13.3.12.3 Financials
13.3.12.4 SWOT Analysis
13.3.13 Yokogawa Electric Corporation
13.3.13.1 Company Overview
13.3.13.2 Product Portfolio
13.3.13.3 Financials
13.3.13.4 SWOT Analysis
List of Figures
Figure 1: Global: Advanced Process Control Market: Major Drivers and Challenges
Figure 2: Global: Advanced Process Control Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Advanced Process Control Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Advanced Process Control Market: Breakup by Component (in %), 2021
Figure 5: Global: Advanced Process Control Market: Breakup by End Use Industry (in %), 2021
Figure 6: Global: Advanced Process Control Market: Breakup by Region (in %), 2021
Figure 7: Global: Advanced Process Control (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Advanced Process Control (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Advanced Process Control (Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Advanced Process Control (Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Advanced Process Control (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Advanced Process Control (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Advanced Process Control (Petrochemical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Advanced Process Control (Petrochemical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Advanced Process Control (Pharmaceutical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Advanced Process Control (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Advanced Process Control (Food and Beverage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Advanced Process Control (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Advanced Process Control (Energy and Power) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Advanced Process Control (Energy and Power) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Advanced Process Control (Chemical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Advanced Process Control (Chemical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Advanced Process Control (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Advanced Process Control (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: North America: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: North America: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: United States: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: United States: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Canada: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Canada: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Asia-Pacific: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Asia-Pacific: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: China: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: China: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Japan: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Japan: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: India: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: India: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: South Korea: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: South Korea: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Australia: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Australia: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Indonesia: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Indonesia: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Others: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Others: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Europe: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Europe: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Germany: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Germany: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: France: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: France: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: United Kingdom: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: United Kingdom: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Italy: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Italy: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Spain: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Spain: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Russia: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Russia: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Latin America: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Latin America: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Brazil: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Brazil: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Mexico: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Mexico: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Middle East and Africa: Advanced Process Control Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Middle East and Africa: Advanced Process Control Market: Breakup by Country (in %), 2021
Figure 73: Middle East and Africa: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Global: Advanced Process Control Industry: SWOT Analysis
Figure 75: Global: Advanced Process Control Industry: Value Chain Analysis
Figure 76: Global: Advanced Process Control Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Advanced Process Control Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Advanced Process Control Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Advanced Process Control Market Forecast: Breakup by Other End Use Industry (in Million US$), 2022-2027
Table 4: Global: Advanced Process Control Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Advanced Process Control Market: Competitive Structure
Table 6: Global: Advanced Process Control Market: Key Players