Advanced Process Control Market 2018: Global Analysis, Industry Size, Share, Trends, Opportunity Assessment, Application Analysis and Growth Opportunities Forecast to 2023

“Advanced Process Control Market”
Advanced Process Control Market research report, by Type (Inferential Control, Sequential Control), by Revenue Source (Software, Service), by Application (Pharmaceutical, Food & Beverages, Chemical, Power) – Forecast till 2023

Market Highlights:

Advanced process control (APC) systems are a set of excellent control and optimization products, which are fully integrated into a uniquely powerful collection that meet the requirements of every application, from a small-scale single-unit plant to a large-scale multi-unit facility. It enables the organization to increase the efficiency, productivity, and to reduce the downtime of the industry.

The competitive landscape of global Advanced Process Control Market is formed by major players of the market. The automated process control has driven many areas like oil & gas, power, pharmaceuticals, food & beverages, chemical, and others. North America leads the market for global advanced process control. ABB Group (U.S.) a leader in automation and robotics recently won an order to provide overall process control to SCA’s Ostrand Pulp mill expansion. The aim of the project is to double the production capacity of bleached softwood Kraft pulp. Valmet’s (Finland) APC application has improved combustion for the biomass boiler at West Rock’s Covington mill in Virginia, USA. By optimizing combustion, the mill has been able to maximize and increase the main steam output of the biomass boiler beyond the maximum continuous rating (MCR). Other benefits include more stable and controlled boiler steam output as well as improved operational uniformity across shifts, furnace symmetry, and spray valve control.

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Major Key Players

ABB Ltd. (Switzerland),

Aspen Technology, Inc. (U.S.),

Emerson Electric Co.  (U.S.),

General Electric Co. (U.S.),

Honeywell International, Inc. (U.S.),

Rockwell Automation, Inc. (U.S.),

Rudolph Technologies, Inc. (U.S.),

Schneider Electric SE (France), and Siemens AG (Germany)

According to MRFR, the global Advanced Process Control Market is expected to grow at a CAGR of 11% during the forecast period.

Regional Analysis

On the basis of region, the market for advanced process control is led by North America followed Asia Pacific and Europe. India and China are expected to be the major revenue generating countries of Asia Pacific region over the forecast period. Rising industries and increasing requirement for improved productivity, security, safety, and efficiency of chemical manufacturing plants may drive the demand over the forecast period.

Segmentation

The global advanced process control market is segmented on the basis of type, revenue source, application, and region. On the basis of the type the segment is further classified into advanced regulatory control, multivariable predictive control, inferential control, sequential control, and compressor control. On the basis of revenue source the segment is further divided into software and services. APC caters wide area of applications like oil & gas, power, pharmaceuticals, food & beverages, chemical, and others.

By Type

  • Advanced Regulatory Control
  • Multivariable Model Predictive Control
  • Inferential Control
  • Sequential Control
  • Compressor Control

By Revenue Source

  • Software
  • Services

By Application

  • Oil & gas
  • Petrochemicals
  • Pharmaceuticals
  • Power
  • Food & Beverages
  • Chemicals
  • Others

By Region

  • North America
  • Europe
  • Asia pacific
  • Rest of the world

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Intended Audience

  • Software Developers
  • IT Enablers
  • Industries
  • Testing

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