Advanced Process Control Market (By Product: Hardware, Service, Software; By End-Use Industries: Oil and Gas, Chemicals, Pharmaceuticals, Energy & Power, Mining, Minerals, and Metals, Food & Beverages, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 - 2030


The global process control system market size was valued at US$ 1.5 billion 2020 and is expected to reach US$ 2.7 billion by 2030, expanding growth at a CAGR of 9.31% during the forecast period owing to rising complexity of manufacturing and processing stsyems.

Advanced Process Control Market Size 2021 to 2030

 

Growth Factors

The increasing demand in the end user industries such as pharmaceuticals, energy & power, mining, minerals, and metals and food & beverages will propel the growth of APC market. APS offers comprehensive process engineering design capabilities for aseptic, pasteurization, extended shelf life, hot fill, blending, batching, and CIP equipment to food and beverage producers. For instance, Tetra Pak is collaborating with Rockwell Automation to introduce model predictive control to powder manufacturing machines. Because of changing customer behavior and market needs, particularly in the food and beverage area, machine makers are seeking to manufacturing technology partners to give more complex automation options. Tetra Pak, a manufacturer of packaging and processing equipment for liquid food items as well as ice cream, cheese, fruit, vegetables, and pet food, followed suit. The OEM has announced a strategic business relationship with Rockwell Automation, the first step of which would focus on Tetra Pak's Cheese and Powder Solutions division. The collaboration for the advancement in the process technology will create a pressure on the rest market players in the industry which will proliferate the growth of the APC market.

COVID-19 Impact

The Covid-19 pandemic is having a significant impact on global energy systems, reducing investments and threatening to slow the spread of key clean energy technologies. Countries that are net oil exporters are suffering an unprecedented double blow: a global economic contraction caused by the COVID-19 pandemic and an oil market collapse, with the West Texas Intermediate, the benchmark price for US crude oil, briefly falling below zero for the first time in history (in April 2020).

The International Energy Agency estimates that oil and gas revenues for a number of key producers will fall by 50 to 85 percent in 2020, compared to 2019, based on an oil price of USD 30 per barrel, though the losses could be greater depending on future market developments (IEA, 2020). The pandemic has had a moderate impact on the APC market. For example, in August 2021, the Indian pharmaceutical market (IPM) increased by 17.7 percent year on year, up from 13.7 percent in July.Due to high growth of pharmaceutical sector after the covid the market will recover and grow at a significant rate in the forecast period.

Product Insights

Based on the product, the market is subdivided into hardware, services and software. Because of the large installed base of advanced process control systems in developed regions such as North America and Europe, the service type dominates the market. The service type is further classified into advanced regulatory control, multivariable model predictive control, inferential control, sequential control, and compressor control.

Advanced Process Control Market Share, By Product, 2020 (%)

Model-predictive control is the most widely used automated multivariable control technology today (MPC). MPC distinguishes itself through the use of detailed process models, embedded optimizers, and a large-matrix approach to application design, in which dozens of variables and often hundreds of models emerge and evolve. 

End Use Industries Insights

Based on the end use industries, the oil & gas took the largest share in the 2020. The term "advanced process control" (APC) refers to a wide range of sophisticated technologies and tools used to optimize oil and gas plant performance in a variety of applications. It is used to improve plant performance and stabilize operations by reducing fluctuations in key process variables.

Advanced process control (APC) projects in the chemical industry have been shown to increase capacity by 3% to 5%. APC debottlenecking the process, or a portion of it, by reducing variability and operating closer to limits. This allows for higher production rates. The total global revenue of the chemical industry in 2019 was approximately 3.94 trillion US dollars. In 2014, the chemical industry's global revenue reached a record high of 5.4 trillion US dollars. The chemical industry is critical to the global economy. Such high growth in the chemical industry will create a positive impact on the APC market. 

Further, energy and power type are expected to grow at a high CAGR in the APC market. According to reports, energy savings from APC implementation range from 3% to 15%, depending on the process and current operations. Most of the time, utility management is a complex control issue that affects the entire site and, at times, the electric grid. These system applications can be designed to provide benefits by lowering utility costs by up to 60%. The system can also be used to optimize energy production, such as boiler loads, gas turbines, and so on.

Regional Insights

The Asia Pacific has the largest share in the advanced process control market. The Asia Pacific region's advanced process controls market is dominated by India and China. This is because infrastructure development is increasing and there is a high demand for energy-efficient production systems. APC development and continuous improvement are aimed at improving the performance of manufacturing processes, resulting in higher product quality. APC implementation contributes to improved process safety while also lowering environmental emissions. Using advanced software, the manufacturers can easily maintain the plant's operation.

Advanced Process Control Market Share, By Region, 2020 (%)

North America is expected to grow at a high CAGR in the forecast period. Early adoption of automation across end-use industries in countries such as the United States and Canada has resulted in this region becoming a mature market for advanced process control solutions. High R&D investment, combined with stringent environmental regulations, is driving up demand for APC systems for sustainable manufacturing processes. Increasing E&P activities in the region's oil and gas sector will contribute to the growth of the North America Advanced Process Control market during the forecast period.

Key Companies & Market Share Insights

The market is fiercely competitive, volatile, and fast paced. Companies must look harder and deeper into their equipment, production, and operations to ensure the production chain is optimised in order to maintain a strong market position. Advanced Process Control (APC) is the primary process control formula used by leading companies to achieve a higher level of process operational excellence.

Some of the prominent players in the advanced process control market include:

  • Schneider Electric
  • Siemens
  • Rudolph Technologies
  • Aspen Technology, Inc.
  • Emerson Electric Co.
  • ABB
  • Yokogawa Electric Corporation
  • Panasonic Corporation
  • Rockwell Automation, Inc.
  • Honeywell International Inc.
  • Control Soft

Segments Covered in the Report

By Product

  • Hardware
    • Control Systems
    • Interface and Display
    • Computing Systems
    • Others
  • Service
    • Advanced Regulatory Control
    • Multivariable Model Predictive Control
    • Inferential Control
    • Sequential Control
    • Compressor Control
  • Software

By End-User

  • Oil and Gas
  • Chemicals
  • Pharmaceuticals
  • Energy & Power
  • Mining, Minerals, and Metals
  • Food & Beverages
  • Others

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Frequently Asked Questions

What is the current size of process control system market?
The global process control system market size was reached at US$ 1.5 billion 2020 and is anticipated to hit US$ 2.7 billion by 2030.
The global process control system market is expanding growth at a CAGR of 9.31% during the forecast period 2021 to 2030.
The Asia Pacific has the largest share in the advanced process control market.
The major players in the advanced process control market are Schneider Electric, Siemens, Rudolph Technologies, Aspen Technology, Inc., Emerson Electric Co., and ABB.
Rising demand for automation solutions across various industries and improved operation or production economics are the driving factors of the advanced process control market.

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