Uploaded on Mar 20, 2020
APC Market Analysis
APC Market Analysis
Market Highlights
Advanced Process Control (APC) enhances process profitability by improving quality, increasing
throughput while reducing energy usages. The state-of-the-art APC technologies are capable of
releasing process potential across the industries, including food & beverages, refining,
petrochemical, and mining.
Leverage to the economic environment, today, manufacturers are confronted by the need to curtail
the capital budgets due to the rising overheads, manufacturing cost, energy costs, and struggle to
stay at the front of the market competition.
Advanced process control helps manufacturers to address such complex challenges with various
solutions that can extract maximum value from the manufacturing processes. APC also improves
production yield, quality, and reduce energy consumption, optimizing manufacturing operations.
Resultantly, advanced process control solutions are garnering a colossal market prominence,
getting quickly absorbed in various industries for optimized operational techniques. The APC
market is witnessing rising deployments of these solutions. Moreover, increasing mandates to save
energy are acting as significant tailwinds escalating the market on the global platform.
According to Market Research Future (MRFR), the global advanced process control market would
register 12.09% CAGR throughout the forecast period (2017-2023), witnessing exponential
accruals.
Additional factors influencing the growth of the market include the introduction of new labor safety
norms, increasing requirement for energy-efficient process control solutions, and the integration of
APC with the traditional business process.
The demand for high efficiency and a low-cost model and the success achieved in easing business
processes are major driving forces supporting the growth of the market. Conversely, high costs of
implementation and the reduced potential APC for knowledge-based business processes are some
of the factors challenging the growth of APC market.
Segmentation:
The report is segmented into four key market dynamics to widen the scope of understanding,
By Type: Multivariable Model Predictive Control, Advanced Regulatory Control, Inferential Control,
Compressor Control, and Sequential Control, among others.
By Revenue Source: Software and Services, among others.
By Application: Pharmaceuticals, Oil & Gas, Power, Food & Beverages, Chemicals, Petrochemicals,
and Semiconductors among others.
By Region: Europe, North America, Asia Pacific, and the Rest-of-the-World.
Regional Analysis:
North America would retain its leading position in the global market. Factors fueling the regional
market growth include substantial investments made into the development of technologies and the
presence of major manufacturers that can offer cutting-edge technologies. Also, the increasing
adoption of these solutions in some of the burgeoning sectors, including healthcare, O&G, and
Power, is influencing the growth of the market in the region.
Besides, the well-established infrastructure in the region provides impetus to the regional market
growth, allowing faster development and implementation of advanced technologies. The US and
Canada lead the North American APC market, heading with the increasing technological
advancements and the uptake of these solutions.
The advanced process control market in the European region accounts for the second-largest
market, globally. The demand from the various sectors and the augmented uptake of these
solutions lead the market growth, predominantly. The resurging economy in the region s playing a
significant role in the growth of the market.
The advanced process control market in the Asia Pacific region is emerging as a profitable market,
globally. The improving economy that drives the urbanization and healthcare and entertainment
industry in the region fosters market growth. The market is estimated to witness healthy growth
over the review period.
Competitive Dashboard:
Highly competitive, the advanced process control market appears to be diversified due to the
presence of several large and small-scale small players. To gain an edge over their competitors in
the market, matured players adopt strategies such as acquisition and merger, expansion,
collaboration, and technology launch.
These players also invest increasingly in R&D to develop a cost-competitive product portfolio and
to acquire small yet promising companies in the emerging markets. They strive to address the
critical market needs with a wide range of solutions and effective & complete workflow.
Major Players:
Players leading the global APC market are Aspen Technology, Inc., Emerson Electric Co., ABB Ltd.,
Honeywell International, Inc., Rockwell Automation, Inc., General Electric Co., Schneider Electric SE,
Yokogawa Corporation, Rudolph Technologies, Inc., and Siemens AG, among others.
Industry/ Innovation /Related News:
June 24, 2019 --- Nanometrics Incorporated (the US), a leading provider of advanced process
control metrology and software analytics, and Rudolph Technologies, Inc. (the US), a leading
provider of semiconductor process control systems, announced the signing of a merger to create a
premier semiconductor process control company.
Combining an all-stock merger of equal transactions, the merged company will be a premier
company, providing end-to-end process control software, metrology, inspection, and lithography
equipment to the semiconductor industry and other advanced markets. Considering the fact that
customers are to continue to invest in more advanced process control (APC) solutions, the
combined technology portfolio and established channels to these markets are estimated to
accelerate the ability to serve both front-end and back-end markets.
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