According to the World Bank Group, the manufacturing sector is growing strongly, with major companies investing to meet rising demand. The manufacturing industry is expected to invest $13.9 trillion in software by 2019. Advanced Process Control (APC) is model-based software that drives industry performance and economic expansion by improving quality, throughput and reducing energy consumption. We utilize cutting-edge technology to provide automated control systems that can deliver process efficiencies across a variety of industries including manufacturing, refining, petrochemicals, mining, food and beverages. Benefits of APC software include automated data collection and analysis, linear programming, independence from control systems, and optimized manufacturing processes that improve process safety and reduce environmental emissions. Recent developments in advanced process control include the integration of PAT (Process Analysis Technology) technology into predictive process control systems that provide offline and online modeling, validation, and data analysis tools to ensure model accuracy. increase.
Heavy investments in digitalization in various industries such as automotive, pharmaceutical, etc. tend to drive the growth of the advanced process control market. For example, in 2018 AVEVA Group and Tomra Systems announced a partnership to drive the digital transformation of the automotive industry. Through this partnership, TOMRA’s compact devices will improve driver performance, visibility and efficiency.
Advanced Process Control (APC) refers to the application of advanced control algorithms and techniques to optimize the performance of industrial processes. The goal of APC is to improve process efficiency, reduce costs, and increase productivity by dynamically controlling process variables in real-time. APC systems use mathematical models and algorithms to predict process behavior and make adjustments to process variables such as temperature, pressure, flow rate, and chemical composition. This allows the system to continuously optimize the process to meet the desired output while minimizing waste and reducing energy consumption. APC is widely used in various industries, including chemical, petrochemical, oil and gas, power generation, and manufacturing. Some of the key benefits of APC include improved process stability, increased yield, reduced energy consumption, improved product quality, and reduced emissions. There are various types of APC systems, including model-based predictive control, fuzzy logic control, and neural network control. These systems use different algorithms and techniques to optimize process performance and can be customized for specific processes and industries. Overall, APC is an important tool for optimizing industrial processes and improving efficiency, productivity, and profitability. With advances in technology and the increasing need for sustainable and cost-effective operations, the use of APC is expected to continue to grow in various industries.
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Segments
By Product Type
- Hardware
o Control Systems
o Interface and Display
o Computing Systems
o Others
- Software
- Service
By End-user
- Oil and Gas
- Chemicals
- Pharmaceuticals
- Energy & Power
- Mining, Minerals, and Metals
- Food & Beverages
- Others
By Geography
- North America
o U.S.
o Canada
o Mexico
- Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
- Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
- Latin America
o Brazil
o Argentina
o Colombia
- MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Key Players:
- Schneider Electric
- Siemens
- Rudolph Technologies
- Aspen Technology, Inc.
- Emerson Electric Co.
- ABB Ltd.
- Yokogawa Electric Corporation
- Panasonic Corporation
- Rockwell Automation, Inc.
- Honeywell International Inc
- Others
Regional Analysis:
North America and Europe are the major regions for the APC market due to the presence of a large number of established industrial players and the early adoption of advanced technologies. These regions have a high level of awareness regarding the benefits of APC systems, including improved process efficiency, reduced waste, and increased productivity. The market in North America is driven by the growth in the oil and gas industry, while the market in Europe is driven by the increasing demand for sustainable operations in various industries.
The Asia Pacific region is expected to witness the highest growth rate during the forecast period due to the increasing adoption of advanced technologies in industries such as oil and gas, chemicals, and power generation. The market in this region is driven by the increasing demand for energy and the need to reduce carbon emissions. Countries such as China, Japan, India, and South Korea are expected to be major contributors to the growth of the APC market in the Asia Pacific region.
Latin America and the Middle East & Africa are also expected to witness significant growth in the APC market due to the increasing adoption of advanced technologies in the oil and gas industry. The market in these regions is driven by the increasing demand for energy and the need to improve process efficiency.
Overall, the APC market is expected to witness significant growth in all regions due to the increasing demand for process optimization, the need for energy efficiency, and the rising complexity of industrial processes. The market is expected to be driven by the increasing adoption of advanced technologies and the development of new software tools that make APC systems more efficient and easier to implement.
Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
- Business Model
- Production Capacity, Revenue, Sales, Gross Margin
- Key Business Strategy
- SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
- Company Share Analysis from 2018-2022
- Company Analysis by Revenue and Sales
- Company Production Capacity, Gross Margin
- Company Share Analysis by Application/End Use
- Company Share Analysis by Product/Specification
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