PUBLISHER: IMARC | PRODUCT CODE: 1541659
PUBLISHER: IMARC | PRODUCT CODE: 1541659
Advanced Process Control Market Report by Component (Software, Service), End Use Industry (Oil and Gas, Petrochemical, Pharmaceutical, Food and Beverage, Energy and Power, Chemical, and Others), and Region 2024-2032
The global advanced process control market size reached US$ 1.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.2 Billion by 2032, exhibiting a growth rate (CAGR) of 7.07% during 2024-2032.
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 report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component and end use industry.
Breakup by Component:
Software
Service
Breakup by End Use Industry:
Oil and Gas
Petrochemical
Pharmaceutical
Food and Beverage
Energy and Power
Chemical
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
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.
Key Questions Answered in This Report
- 1. How big is the global advanced process control market?
- 2. What is the expected growth rate of the global advanced process control market during 2024-2032?
- 3. What are the key factors driving the global advanced process control market?
- 4. What has been the impact of COVID-19 on the global advanced process control market?
- 5. What is the breakup of the global advanced process control market based on the component?
- 6. What is the breakup of the global advanced process control market based on the end use industry?
- 7. What are the key regions in the global advanced process control market?
- 8. Who are the key players/companies in the global advanced process control market?
Table of Contents
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
- 8.1.1 United States
- 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
- 8.2.1 China
- 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
- 8.3.1 Germany
- 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
- 8.4.1 Brazil
- 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
- 13.3.1 ABB Ltd.
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$), 2018-2023
- Figure 3: Global: Advanced Process Control Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Advanced Process Control Market: Breakup by Component (in %), 2023
- Figure 5: Global: Advanced Process Control Market: Breakup by End Use Industry (in %), 2023
- Figure 6: Global: Advanced Process Control Market: Breakup by Region (in %), 2023
- Figure 7: Global: Advanced Process Control (Software) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Advanced Process Control (Software) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Advanced Process Control (Service) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Advanced Process Control (Service) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Advanced Process Control (Oil and Gas) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Advanced Process Control (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Advanced Process Control (Petrochemical) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Advanced Process Control (Petrochemical) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Advanced Process Control (Pharmaceutical) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Advanced Process Control (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Advanced Process Control (Food and Beverage) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Advanced Process Control (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Advanced Process Control (Energy and Power) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Advanced Process Control (Energy and Power) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Advanced Process Control (Chemical) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Advanced Process Control (Chemical) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Advanced Process Control (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Advanced Process Control (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: North America: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: North America: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: United States: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: United States: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Canada: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Canada: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Asia-Pacific: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Asia-Pacific: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: China: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: China: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Japan: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Japan: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: India: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: India: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: South Korea: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: South Korea: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Australia: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Australia: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Indonesia: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Indonesia: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Others: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Others: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Europe: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Europe: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Germany: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Germany: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: France: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: France: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: United Kingdom: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: United Kingdom: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Italy: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Italy: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Spain: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Spain: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Russia: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Russia: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Others: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Others: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Latin America: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Latin America: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Brazil: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Brazil: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Mexico: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Mexico: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Others: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Others: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Middle East and Africa: Advanced Process Control Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Middle East and Africa: Advanced Process Control Market: Breakup by Country (in %), 2023
- Figure 73: Middle East and Africa: Advanced Process Control Market Forecast: Sales Value (in Million US$), 2024-2032
- 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, 2023 and 2032
- Table 2: Global: Advanced Process Control Market Forecast: Breakup by Component (in Million US$), 2024-2032
- Table 3: Global: Advanced Process Control Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
- Table 4: Global: Advanced Process Control Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Advanced Process Control Market: Competitive Structure
- Table 6: Global: Advanced Process Control Market: Key Players
