Advanced Process Control (APC) Software Market Outlook by Product Overview, Application and Regions 2026
In control theory, advanced process control
involves deployment of a wide range of methods and technologies within an
industrial process control system. Some of the key advantages of advanced
process control software are improvement in operational understanding, better
equipment reliability, enhanced process safety, reduction in process settle
time, improved production capacity, and reduction in power consumption. The
aforementioned advantages are expected to fuel demand for advanced process
control software in various end-use industries.
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The increasing demand for energy efficient
production process is one of the major drivers which is contributing in the
growth of the advance process control software market globally. The improvement
of energy efficiency by using the advance process control software primarily
helps the companies to reduce the cost of the energy and increase the
productivity. Food industry, paper industry, chemical manufacturing product
industry are some of the major industries in which the energy cost makes up
above 3% of the production cost. Large scale enterprises and SMEs needs to
install the advanced process control systems in order to reduce the energy
cost. In addition to this, the increasing demand of the software to predict the
failure at the component level and improvement of data accuracy which helps to
improve the system performance which accelerates the growth of the advance
process control software market.
Among end-use industries, oil and gas
industry segment dominated the global advanced process control software market
in 2016 and is projected to retain its dominance throughout the forecast
period. Companies engaged in the oil
& gas sector are increasingly inclined toward reducing waste production in
order to curtail losses, both in terms of revenue and materials. This increases
demand for APC solutions in this sector. Even minor variations in the
production process in this highly capital and resource intensive sector can
result in major wastage of raw material, which in turn increases production
cost. Therefore, industry players are increasingly inclined toward adoption of
APC software that provide accurate data processing and help solve complexity
related to production.
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Advanced Process Control Software Market
Outlook – Asia Pacific holds significant market share
On the basis of geography, global advanced
process control software market is segmented into North America, Europe, Asia
Pacific, Latin America, Middle East, and Africa. Asia Pacific holds the
dominant position in the global advanced process control software market and is
projected to retain its dominance throughout the forecast period. India and
China are expected to drive the market for advanced process control software in
the region. The growth in chemical industry in China is projected to offer
significant growth opportunities for the advanced process control software
market in the country. In 2016, chemical industry in China generated a revenue
of US$ 1.4 trillion (CNY 9.5 trillion), which is expected to reach US$ 2.9
trillion (CNY 19.5 trillion) by 2020.
Key Players in the Global Advanced
Process Control Software Market
Aspen Technology, Inc., ABB Ltd., Emerson
Electric Co., Honeywell International, Inc., GeneralElectric Co., Rockwell
Automation, Inc., Schneider Electric SE, Rudolph Technologies, Inc., Yokogawa
Electric Corp., and Siemens AG are some of the major players in the global
advanced process control software market.
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