The global Advanced Process Control market is estimated to be boosted by the increasing emphasis of end-use industries such as petrochemical and nuclear power on safety, improvement, and optimization of their processes. Furthermore, innovative process control systems enable process industries to efficiently cut production time, ensure the creation of higher-quality goods, and optimize process plant operations on a variety of fronts, including efficiency, cost, and safety. The increased demand from customers, combined with the increasing adoption of quality-focused processing procedures as a result of the market's increasing competitiveness, has resulted in a significant increase in the use of APC software for product development. Further, quality enhancement is also supported by APC systems, allowing processing companies to maintain their competitive advantage. All these aforementioned factors are majorly contributed to the growth of the global Advanced Process Control market.
On the other hand, small-scale organizations are estimated to refrain from using APCs owing to a lack of skilled professionals and the necessity for high initial investments.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Product Type, End-Use, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Schneider Electric, Siemens, Rudolph Technologies, Aspen Technology, Inc., Emerson Electric Co., ABB, Yokogawa Electric Corporation, Panasonic Corporation, Rockwell Automation, Inc., Honeywell International Inc. |
Covid-19 Impact on Advanced Process Control Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Advanced Process Control Market Segment Overview
In terms of product type, the Service is one of the largest segments in e global Advanced Process Control market. APC services are anticipated to witness a significant rise in demand in the forecast period due to the huge installed base of advanced process control systems in developed regions such as North America and Europe. By End-Use, the Oil and Gas segment has taken the largest market share and is anticipated to witness significant growth over the forecast period due to the high adoption of APC systems in the industry. This can be primarily attributed to the fact that processing operations in the oil and gas industry are complex and need to be regulated on a real-time basis.
Advanced Process Control Market, By Product Type
- Hardware
- Control Systems
- Interface and Display
- Computing Systems
- Others
- Software
- Service
· Oil and Gas
· Chemicals
· Pharmaceuticals
· Energy & Power
· Mining, Minerals, and Metals
· Food & Beverages
· Others
Advanced Process Control Market Regional Overview
Region-Wise, Europe is the most prominent region in the Advanced Process Control market. This is due to the high adoption of APC systems across the chemical, pharmaceuticals, pulp and paper, and oil & gas sectors in the region. Furthermore, North America is another major region for the market. This is because of the ongoing technological advancements such as automation in processing industries and the application of APC in hydraulics fracturing of shale gas formation. Again, the substantial adoption rate in nuclear power plants and the semiconductor industry also add up to the growth prospects of the APC market in North America. Similarly, Asia Pacific is anticipated to emerge as the fastest-growing regional APC market due to the growing demand for advanced process control tools from several end-use industries. Further, the growth of industries such as paints and coatings, pharmaceuticals, and chemicals in developing countries such as India and China is playing an important role in the overall development of the market.
Advanced Process Control Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Advanced Process Control Market, Key Players
· Schneider Electric
· Siemens
· Rudolph Technologies
· Aspen Technology, Inc.
· Emerson Electric Co.
· ABB
· Yokogawa Electric Corporation
· Panasonic Corporation
· Rockwell Automation, Inc.
· Honeywell International Inc.
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Advanced Process Control market during the forecast period?
Q2. Which Segments are covered in the Advanced Process Control market report?
Q3. Which segment is projected to hold the largest share in the Advanced Process Control Market?
Q4. Which region holds the largest share in the Advanced Process Control market?
Q5. Which are the prominent players in the Advanced Process Control Market?
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Advanced Process Control Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Type
- 5.2.1. Hardware
- 5.2.1.1. Control Systems
- 5.2.1.2. Interface and Display
- 5.2.1.3. Computing Systems
- 5.2.1.4. Others
- 5.2.2. Software
- 5.2.3. Service
- 5.2.1. Hardware
- 5.3. Market Analysis, Insights and Forecast – By End-Use
- 5.3.1. Oil and Gas
- 5.3.2. Chemicals
- 5.3.3. Pharmaceuticals
- 5.3.4. Energy & Power
- 5.3.5. Mining, Minerals, and Metals
- 5.3.6. Food & Beverages
- 5.3.7. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Advanced Process Control Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product Type
- 6.2.1. Hardware
- 6.2.1.1. Control Systems
- 6.2.1.2. Interface and Display
- 6.2.1.3. Computing Systems
- 6.2.1.4. Others
- 6.2.2. Software
- 6.2.3. Service
- 6.2.1. Hardware
- 6.3. Market Analysis, Insights 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
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Advanced Process Control Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product Type
- 7.2.1. Hardware
- 7.2.1.1. Control Systems
- 7.2.1.2. Interface and Display
- 7.2.1.3. Computing Systems
- 7.2.1.4. Others
- 7.2.2. Software
- 7.2.3. Service
- 7.2.1. Hardware
- 7.3. Market Analysis, Insights and Forecast – By End-Use
- 7.3.1. Oil and Gas
- 7.3.2. Chemicals
- 7.3.3. Pharmaceuticals
- 7.3.4. Energy & Power
- 7.3.5. Mining, Minerals, and Metals
- 7.3.6. Food & Beverages
- 7.3.7. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Advanced Process Control Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product Type
- 8.2.1. Hardware
- 8.2.1.1. Control Systems
- 8.2.1.2. Interface and Display
- 8.2.1.3. Computing Systems
- 8.2.1.4. Others
- 8.2.2. Software
- 8.2.3. Service
- 8.2.1. Hardware
- 8.3. Market Analysis, Insights and Forecast – By End-Use
- 8.3.1. Oil and Gas
- 8.3.2. Chemicals
- 8.3.3. Pharmaceuticals
- 8.3.4. Energy & Power
- 8.3.5. Mining, Minerals, and Metals
- 8.3.6. Food & Beverages
- 8.3.7. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Advanced Process Control Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product Type
- 9.2.1. Hardware
- 9.2.1.1. Control Systems
- 9.2.1.2. Interface and Display
- 9.2.1.3. Computing Systems
- 9.2.1.4. Others
- 9.2.2. Software
- 9.2.3. Service
- 9.2.1. Hardware
- 9.3. Market Analysis, Insights and Forecast – By End-Use
- 9.3.1. Oil and Gas
- 9.3.2. Chemicals
- 9.3.3. Pharmaceuticals
- 9.3.4. Energy & Power
- 9.3.5. Mining, Minerals, and Metals
- 9.3.6. Food & Beverages
- 9.3.7. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Schneider Electric
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Siemens
- 10.6. Rudolph Technologies
- 10.7. Aspen Technology, Inc.
- 10.8. Emerson Electric Co.
- 10.9. ABB
- 10.10. Yokogawa Electric Corporation
- 10.11. Panasonic Corporation
- 10.12. Rockwell Automation, Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
