The global advanced process control market size is expected to be worth around US$ 26.9 billion by 2030, according to a new report by Vision Research Reports.
The global advanced process control market size was valued at US$ 15.6 billion in 2020 and is anticipated to grow at a CAGR of 11.2% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 26.9 billion by 2030 |
| Growth Rate | CAGR of 11.2% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product Type, End-Use |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Schneider Electric, Siemens, Rudolph Technologies, Aspen Technology, Inc., Emerson Electric Co., ABB, Yokogawa Electric Corporation, Panasonic Corporation, Rockwell Automation, Inc., and Honeywell International Inc. |
Growth Factors
The market is expected to witness considerable growth across the globe owing to the growing emphasis of several end use industries on the improvement and optimization of the production process. Advanced process control solutions enable organizations to significantly improve the accuracy of product testing, enhance quality, and reduce error.
The market is anticipated to be primarily driven by the growing emphasis of end-use industries such as petrochemical and nuclear power on safety, improvement, and optimization of their processes. Advanced process control systems enable process industries to effectively reduce production time, assure the production of better quality products, and improve on fronts such as efficiency, cost, and safety of process plant operations.
The growing demand from users, coupled with the rising adoption of processing practices focused on quality owing to the ever-increasing competitiveness in the market, has led to substantial growth in the installation of APC software for product development.
By Product Type Analysis
In terms of product type, the market for advanced process control is segmented into hardware, software, and service. Of these, the service segment accounted for the dominant share of the market in 2020.
the hardware segment is projected to expand at a higher CAGR over the forecast period. The segment is further categorized into control systems, interface and display, computing systems, and others. Hardware components of an APC system comprise controllers, computers, and electronic systems that enable efficient monitoring and feedback signaling through intelligent sensors.
By End-Use Analysis
In terms of end-use, the Advanced Process Control market has been segmented into oil and gas, chemicals, pharmaceuticals, energy & power, mining, minerals, and metals, food & beverages, and others. Of these, the oil and gas segment captured the largest market share in 2020 and is expected to witness significant growth over the forecast period as well owing to the high adoption of APC systems in the industry.
the oil and gas industry needs to attain a low margin of error to maintain a safe working environment, necessitating the use of advanced process controls. Also, changing the regulatory framework of the industry makes the adoption of APC systems crucial.
By Regional Analysis
the European regional advanced processing control market accounted for approximately 34.10% of the overall market owing to the high adoption of APC systems across the chemical, pharmaceuticals, pulp and paper, and oil & gas sectors in the region.
Asia Pacific is expected to emerge as the fastest-growing regional APC market owing to the increasing demand for advanced process control tools from various end-use industries. The growth of industries such as paints and coatings, pharmaceuticals, and chemicals in emerging economies such as India and China is playing a significant role in the overall development of the market.
Key Players
Schneider Electric, Siemens, Rudolph Technologies, Aspen Technology, Inc., Emerson Electric Co., ABB, Yokogawa Electric Corporation, Panasonic Corporation, Rockwell Automation, Inc., and Honeywell International Inc.
Market Segmentation
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Advanced Process Control Market, By Product
7.1. Advanced Process Control Market, by Product, 2021-2030
7.1.1. Hardware
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Software
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Service
7.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Advanced Process Control Market, By End-use
8.1. Advanced Process Control Market, by End-use, 2021-2030
8.1.1. Oil and Gas
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Chemicals
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Pharmaceuticals
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Energy & Power
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Mining, Minerals, and Metals
8.1.5.1. Market Revenue and Forecast (2017-2030)
8.1.6. Food & Beverages
8.1.6.1. Market Revenue and Forecast (2017-2030)
8.1.7. Others
8.1.7.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Advanced Process Control Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.2. Market Revenue and Forecast, by End-use (2017-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.3.2. Market Revenue and Forecast, by End-use (2017-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.4.2. Market Revenue and Forecast, by End-use (2017-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.2. Market Revenue and Forecast, by End-use (2017-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.3.2. Market Revenue and Forecast, by End-use (2017-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.4.2. Market Revenue and Forecast, by End-use (2017-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.5.2. Market Revenue and Forecast, by End-use (2017-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.6.2. Market Revenue and Forecast, by End-use (2017-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.2. Market Revenue and Forecast, by End-use (2017-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.3.2. Market Revenue and Forecast, by End-use (2017-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.4.2. Market Revenue and Forecast, by End-use (2017-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.5.2. Market Revenue and Forecast, by End-use (2017-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.6.2. Market Revenue and Forecast, by End-use (2017-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.2. Market Revenue and Forecast, by End-use (2017-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.3.2. Market Revenue and Forecast, by End-use (2017-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.4.2. Market Revenue and Forecast, by End-use (2017-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.5.2. Market Revenue and Forecast, by End-use (2017-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.6.2. Market Revenue and Forecast, by End-use (2017-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.2. Market Revenue and Forecast, by End-use (2017-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.3.2. Market Revenue and Forecast, by End-use (2017-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.4.2. Market Revenue and Forecast, by End-use (2017-2030)
Chapter 10. Company Profiles
10.1. Schneider Electric
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Siemens
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Rudolph Technologies
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Aspen Technology, Inc
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Emerson Electric Co
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. ABB
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Yokogawa Electric Corporation
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Panasonic Corporation
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Rockwell Automation, Inc
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Honeywell International Inc
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
Glossary of Terms
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