Advanced Process Control Market Estimated to Account for USD 1 billion Value By 2023; With a Whooping CAGR of 11%; Asserts MRFR

“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

Advanced Process Control Market – Overview:

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.

According to MRFR, the global advanced process control market is expected to grow at a CAGR of 11% during the forecast period.

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

The major players involved in the development of advanced process control market include: 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.), and Schneider Electric SE (France), and Siemens AG (Germany).

Segmentation

The global advanced process control market is segmented on the basis of type, revenue source, application, and region. APC is used in various sectors such as oil & gas, power, chemical industry, pharmaceuticals, food & beverages. In the area of power, the most commonly used technique is multivariable predictive control. The most frequent application of multi-variable predictive control for large utility power plants is combustion optimization, dealing with optimum distribution of fuel and air in the boiler to reduce emissions, particularly nitrogen oxides (NOx), while improving combustion efficiency.

On the basis of type, the segment is further classified into advanced regulatory control, multivariable predictive control, inferential control, sequential control, and compressor control. Multi-variable model predictive control (MPC) is an established technology with superior performance over traditional single-input/single-output (SISO) control strategies. MPC is a common name for a control technology using dynamic process models representing the relationship between independent variables (model inputs) and dependent variables (model outputs). The inputs include manipulated variables and disturbance feed-forward variables. The model outputs are called controlled variables (CV). The models predict future outputs based on past values of manipulated variables, calculated future values of manipulated variables and past values of the feed-forward variables. ABB Group 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 the production line for bleached softwood Kraft pulp is likely to be the largest in the world.

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.

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.

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Intended Audience

  • Software Developers
  • IT Enablers
  • Industries
  • Testing

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