Advanced Process Control Market by Revenue Source (Software And Services), Application (Oil & Gas, Petrochemicals, Water & Wastewater, Chemicals, Power, Paper & Pulp, Pharmaceuticals, Food) And By Geography- Analysis & Forecast (2014 – 2020)
The advanced process control (APC) market report analyzes the market by revenue source, application, and geography. APC software and services are the two sources of revenue for APC technology vendors. The application segment includes oil and gas, petrochemicals, water & wastewater, chemicals, power, paper & pulps, pharmaceuticals, food & beverages, and others. The report also provides the geographic view for major regions i.e. the North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). In this report— the drivers, restraints, and opportunities has been covered and are described briefly along with, their impact on the advanced process control market.
The advanced process control market has the largest market in the APAC. North America and ROW are also estimated to grow at a high rate in the forecasted period. The key players in the market include ABB Ltd. (Switzerland), Aspen Technology, Inc. (U.S.), Emerson Electric Co. (U.S.), General Electric Co. (U.S.), Honeywell International, Inc. (U.S.), Rockwell Automation, Inc. (U.S.), Rudolph Technologies, Inc. (U.S.), and Schneider Electric SE (France), among others.
Key Takeaways:
- The total market size in terms of value for the advanced process control market is expected to grow at an estimated CAGR of 11.79% between 2014 and 2020
- The advanced process control market has been analyzed, with a special focus on the high growth application segment
- This report includes the market statistics pertaining to revenue source, application, and geography along with, their respective revenue
- Porter’s Five Forces framework has been utilized along with, the value chain analysis to provide an in-depth insight regarding the advanced process control market
- Major market drivers, restraints, and opportunities for the advanced process control market have been detailed in this report
- Illustrative segmentation, analysis, and forecast of the major geographic and application markets to give an overall view of the advanced process control market
- A detailed competitive landscape which includes key players, in-depth analysis, and revenue of the individual companies
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKET COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY & PRICING
1.5 DISTRIBUTION CHANNEL PARTICIPANTS
1.6 LIMITATIONS
1.7 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 FACTOR ANALYSIS
2.2.1 INTRODUCTION
2.2.2 DEMAND-SIDE ANALYSIS
2.2.2.1 Growth in oil production
2.2.2.2 Increase in natural gas production
2.2.2.3 Increase in electricity generation
2.2.3 SUPPLY-SIDE ANALYSIS
2.2.3.1 Less number of APC experts
2.2.3.2 Difficulty in selling APC software
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
2.4 MARKET BREAKDOWN & DATA TRIANGULATION
2.5 RESEARCH ASSUMPTIONS AND LIMITATIONS
2.5.1 ASSUMPTIONS
2.5.2 LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS - ADVANCE PROCESS CONTROL MARKET
4.1 ADVANCED PROCESS CONTROL MARKET, 2014-2020 ($MILLION)
4.2 APC MARKET- TOP THREE APPLICATION SEGMENTS
4.3 APC MARKET IN DIFFERENT REGIONS
4.4 APC MARKET, BY COUNTRY
4.5 APC MARKET, BY APPLICATION
4.6 APC MARKET, BY REVENUE SOURCE
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 EVOLUTION
5.3 MARKET SEGMENTATION
5.3.1 APC MARKET, BY APPLICATION
5.3.2 APC MARKET BY REVENUE SOURCE
5.3.3 APC MARKET BY GEOGRAPHY
5.4 MARKET DYNAMICS
5.4.1 DRIVERS
5.4.1.1 Rising demand for energy efficient production process is expected to create a demand for APC systems
5.4.1.2 Rising safety and security concerns are expected to boost the demand of APC systems
5.4.1.3 Demand for a software system which can predict failure at the component level
5.4.1.4 Changing workforce is expected to increase the demand of APC systems
5.4.1.5 Increasing importance of regulatory compliance is expected to boost the demand APC systems
5.4.1.6 Implementation of APC has become inevitable for manually uncontrollable processes
5.4.1.7 Availability of sophisticated tools allows measurement and storage of critical data for APC
5.4.2 RESTRAINTS
5.4.2.1 Improper or non-maintenance of APC is expected to diminish the profits
5.4.2.2 Lack of data control is hampering the implementation of APC systems
5.4.3 OPPORTUNITIES
5.4.3.1 Faster implementation of software with ease of maintenance
5.4.3.2 Improving data accuracy can improve the performance of the overall system
5.4.4 CHALLENGE
5.4.4.1 Implementation cost of the APC is higher
5.4.5 BURNING ISSUE
5.4.5.1 Acceptance from operator before APC implementation
6 INDUSTRY TREND
6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
6.3 PORTER’S FIVE FORCES ANALYSIS
6.3.1 COMPETITIVE RIVALRY
6.3.2 THREAT OF SUBSTITUTES
6.3.3 BARGAINING POWER OF BUYERS
6.3.4 BARGAINING POWER OF SUPPLIERS
6.3.5 THREAT OF NEW ENTRANTS
6.4 STRATEGIC BENCHMARKING
6.4.1 DEVELOPMENT OF NEW PRODUCTS AND UPGRADING EXISTING PRODUCTS
6.4.2 GROWTH STRATEGIES
7 MARKET ANALYSIS, BY REVENUE SOURCE
7.1 INTRODUCTION
7.2 SOFTWARE
7.2.1 STANDALONE APC SOFTWARE
7.2.2 CUSTOMIZED APC SOFTWARE
7.2.3 TYPES OF APC
7.2.3.1 Advanced regulatory control
7.2.3.2 Multivariable model predictive control
7.2.3.3 Inferential Control
7.2.3.4 Sequential Control
7.2.3.5 Compressor control
7.3 SERVICES
8 MARKET ANALYSIS, BY APPLICATION
8.1 INTRODUCTION
8.2 OIL AND GAS
8.3 PETROCHEMICALS
8.4 WATER & WASTEWATER
8.5 CHEMICALS
8.6 POWER
8.7 PAPER AND PULP
8.8 PHARMACEUTICALS
8.9 FOOD & BEVERAGES
8.10 OTHERS
9 GEOGRAPHIC ANALYSIS
9.1 INTRODUCTION
9.2 NORTH AMERICA
9.2.1 U.S.
9.2.2 CANADA
9.2.3 MEXICO
9.3 EUROPE
9.3.1 FRANCE
9.3.2 GERMANY
9.3.3 U.K.
9.3.4 RUSSIA
9.3.5 OTHERS
9.4 APAC
9.4.1 CHINA
9.4.2 INDIA
9.4.3 INDONESIA
9.4.4 MALAYSIA
9.4.5 JAPAN
9.4.6 OTHERS
9.5 ROW
9.5.1 MIDDLE EAST
9.5.2 AFRICA
9.5.3 SOUTH AMERICA
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 MARKET SHARE ANALYSIS, APC MARKET
10.3 COMPETITIVE SITUATION AND TRENDS
10.3.1 NEW PRODUCT LAUNCHES AND PRODUCT UPGRADES
10.3.2 AGREEMENTS, CONTRACTS, AND ALLIANCES
10.3.3 MERGERS AND ACQUISITIONS
10.3.4 EXPANSIONS AND TECHNOLOGY ACQUISITIONS
10.3.5 OTHER DEVELOPMENTS
11 COMPANY PROFILES
11.1 INTRODUCTION (Overview, Financials, Products & Services, Strategy, and Developments)
11.2 ABB LTD.
11.3 ASPEN TECHNOLOGY, INC.
11.4 EMERSON ELECTRIC CO.
11.5 GENERAL ELECTRIC CO.
11.6 HONEYWELL INTERNATIONAL, INC.
11.7 ROCKWELL AUTOMATION, INC.
11.8 RUDOLPH TECHNOLOGIES, INC.
11.9 SCHNEIDER ELECTRIC SE
11.1 SIEMENS AG
11.11 YOKOGAWA ELECTRIC CORP. (Details on overview, financials, product & services, strategy, and developments might not be captured in case of unlisted companies.)
12 APPENDIX
12.1 INSIGHTS OF INDUSTRY EXPERTS
12.2 DISCUSSION GUIDE
12.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
12.4 AVAILABLE CUSTOMIZATIONS
12.5 RELATED REPORTS
Table 1 RISING DEMAND FOR AN ENERGY EFFICIENT PRODUCTION PROCESS IS EXPECTED TO BOOST THE GROWTH OF APC TECHNOLOGY
Table 2 IMPROPER MAINTENANCE OF APC IS EXPECTED TO DIMINISH THE BENEFITS
Table 3 DATA ACCURACY IS EXPECTED TO BOOST THE PERFORMANCE
Table 4 COST OF DEPLOYING APC IS EXPECTED TO BE A CHALLENGE FOR THE END USERS
Table 5 ADVANCED PROCESS CONTROL MARKET SIZE, BY REVENUE SOURCE, 2013-2020 (MILLION)
Table 6 APC SOFTWARE MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
Table 7 APC SOFTWARE MARKET SIZE, BY REGION, 2013-2020 ($MILLION)
Table 8 APC SOFTWARE MARKET SIZE, BY NORTH AMERICA, 2013-2020 ($MILLION)
Table 9 APC SOFTWARE MARKET SIZE, BY EUROPE, 2013-2020 ($MILLION)
Table 10 APC SOFTWARE MARKET SIZE, BY APAC, 2013-2020 ($MILLION)
Table 11 APC SOFTWARE MARKET SIZE, BY ROW, 2013-2020 ($MILLION)
Table 12 APC SERVICES MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
Table 13 APC SERVICES MARKET SIZE, BY REGION, 2013-2020 ($MILLION)
Table 14 NORTH AMERICA: APC SERVICES MARKET SIZE, BY COUNTRY, 2013-2020 ($MILLION)
Table 15 EUROPE: APC SERVICES MARKET SIZE, BY COUNTRY, 2013-2020 ($MILLION)
Table 16 APAC: APC SERVICES MARKET SIZE, BY COUNTRY, 2013-2020 ($MILLION)
Table 17 ROW: APC SERVICES MARKET SIZE, BY REGION, 2013-2020 ($MILLION)
Table 18 ADVANCED PROCESS CONTROL MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
Table 19 OIL AND GAS MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 20 OIL AND GAS MARKET SIZE, BY REGION, 2013-2020 ($MILLION)
Table 21 PETROCHEMICALS MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 22 PETROCHEMICALS MARKET SIZE, BY REGION, 2013-2020 ($MILLION)
Table 23 WATER & WASTEWATER MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 24 WATER & WASTEWATER MARKET SIZE, BY REGION, 2013-2020 ($MILLION)
Table 25 CHEMICALS MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 26 CHEMICALS MARKET SIZE, BY REGION, 2013-2020 ($MILLION)
Table 27 POWER MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 28 POWER MARKET SIZE, BY REGION, 2013-2020 ($MILLION)
Table 29 PAPER & PULP MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 30 PAPER & PULP MARKET SIZE, BY REGION, 2013-2020 ($MILLION)
Table 31 PHARMACEUTICALS MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 32 PHARMACEUTICALS MARKET SIZE, BY REGION, 2013-2020 ($MILLION)
Table 33 FOOD & BEVERAGES MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 34 FOOD & BEVERAGES MARKET SIZE, BY REGION, 2013-2020 ($MILLION)
Table 35 OTHERS APPLICATION MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 36 OTHERS APPLICATION MARKET SIZE, BY REGION, 2013-2020 ($MILLION)
Table 37 ADVANCED PROCESS CONTROL MARKET SIZE, BY REGION, 2013-2020 ($MILLION)
Table 38 U.S.: APC MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 39 CANADA: APC MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 40 MEXICO: APC MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 41 NORTH AMERICA: APC MARKET SIZE, BY COUNTRY, 2013-2020 ($MILLION)
Table 42 NORTH AMERICA: APC MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 43 NORTH AMERICA: APC MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
Table 44 FRANCE: APC MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 45 GERMANY: APC MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 46 U.K.: APC MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 47 RUSSIA: APC MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 48 OTHER COUNTRIES: APC MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 49 EUROPE: ADVANCED PROCESS CONTROL MARKET SIZE, BY COUNTRY, 2013-2020 ($MILLION)
Table 50 EUROPE: APC MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 51 EUROPE: APC MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
Table 52 CHINA: APC MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 53 INDIA: APC MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 54 INDONESIA: APC MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 55 MALAYSIA: APC MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 56 JAPAN: APC MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 57 OTHER COUNTRIES: APC MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 58 APAC: ADVANCED PROCESS CONTROL MARKET SIZE, BY COUNTRY, 2013-2020 ($MILLION)
Table 59 APAC: APC MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 60 APAC: APC MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
Table 61 MIDDLE EAST: APC MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 62 AFRICA: APC MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 63 SOUTH AMERICA: APC MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 64 ROW: ADVANCED PROCESS CONTROL MARKET SIZE, BY REGION, 2013-2020 ($MILLION)
Table 65 ROW: APC MARKET SIZE, BY REVENUE SOURCE, 2013-2020 ($MILLION)
Table 66 ROW: APC MARKET SIZE, BY APPLICATION, 2013-2020 ($MILLION)
Table 67 NEW PRODUCT LAUNCHES AND PRODUCT UPGRADES, 2012 - 2014
Table 68 AGREEMENTS, CONTRACTS, AND ALLIANCES, 2012-2014
Table 69 MERGERS AND ACQUISITIONS, 2012-2014
Table 70 EXPANSIONS AND TECHNOLOGY ACQUISITIONS, 2012-2014
Table 71 OTHER DEVELOPMENTS, 2011-2014
The term “Advance Process Control (APC)” encompasses a broad range of sophisticated technologies and tools that are used to optimize plant performances across a range of applications. The complexity of industrial processes has evolved with the increasing demand for better output. This has led to a significant increase in the number of process parameters to be monitored. APC enables the monitoring and control of such process parameters in the process industry. Some of the benefits of the APC include: an improvement in the production capacity, minimized energy consumption, improved monitoring of process parameters, faster modification of the process as per changing requirements, predictive maintenance, and improved process safety.
The major drivers contributing to the growth of the APC market include: a rising demand for energy efficient production process that leads to cost effective production; increased safety and security concern, especially in industries such as chemicals, petrochemical, pharmaceuticals, and food & beverages, which are guided by strict regulatory standards; ability to predict failure at the component level that helps in predictive maintenance, availability of sophisticated APC tools that makes it easy for new professionals to use APC, and control of parameters that could not be controlled manually.
The APC market covered in this report consists of the APC software and related services. The main applications of APC include: oil and gas, petrochemicals, water & wastewater, chemicals, power, paper & pulps, pharmaceuticals, food & beverages, and others (mining and cement). The key players in the market are ABB Ltd. (Switzerland), Aspen Technology, Inc. (U.S.), Emerson Electric Co. (U.S.), General Electric Co. (U.S.), Honeywell International, Inc. (U.S.), Rockwell Automation, Inc. (U.S.), Rudolph Technologies, Inc. (U.S.), and Schneider Electric SE (France), among others.
The demand for improving the process stability was an important driving factor that led to the development of APC. In the 1980s, distributed control systems were used for process control. The companies tried to internally develop their own process control technology. However, the technology was limited by the limited computing power and lack of IT infrastructure during the period. The things changed in the 1990s with the development of IT infrastructure and availability of computers with superior capabilities. This led to the growth of the APC technology and saw its implementation in large plants across process industries. The last decade has seen improvement in the APC software and an important focus has been placed on APC services that determine the long term success and failure of an APC implementation.
The APC systems require periodic maintenance to maintain their performance at the highest possible level. The regular updating of the system is also important for the continuous improvement of the system. APC consulting services have become critical for dealing with unique and complex process control issues. Companies like Emerson Electric Co. (U.S.) and Honeywell International, Inc. (U.S.) use long term service contracts to generate significant revenue from their process control operations.
Currently, the North America region is very active in the oil and gas industry. The development of technology to extract shale oil and gas has boosted the production activities, especially in the U.S. In fact, the U.S., once a huge importer of petroleum products, has become a net exporter of the same. The complexity of the drilling technology and the high cost of the equipment involved, make the implementation of APC vital in such operations.
The oil and gas industry encompasses a range of processes, equipment, and plant configurations. Hence, a diverse set of APC solutions are available to cater to the requirements of such a variety of production processes. The use of the APC technology helps companies to cut their production constraints and increase their production capacity. This is true even for offshore oil and gas operations. For example, use of the Multivariable Predictive Control (MPC) enabled BP PLC (U.K.) to increase its oil and gas production in its marlin tension leg platform, by XX%, in the Gulf of Mexico. The company obtained similar results in its other production facilities when it implemented the APC technology. Today, implementation of advanced process control at oil and gas production sites has become an industry norm. With the continuous increase in the consumption of oil and gas, the trend of increasing production of the same is set to continue. The oil and gas boom in the U.S. provides a huge potential for the growth of the APC technology. Aspen Technology, Inc. (U.S.), Emerson Electric Co. (U.S.), and Honeywell International, Inc. (U.S.) are some of theleading companies offering APC solutions in the oil and gas market.
The APC is very useful in power plants to reduce emissions, to increase operational flexibility and reliability, and to reduce operational costs. This helps power companies to adhere to the environmental norms as well as to improve the cost effectiveness of their operations. Increasing industrialization in developing nations, such as China and India, is expected to be the major demand driver of power in the near future.
Requirement of electricity for residential, agricultural, and services sector is also expected to boost the demand of power generation.
With the environment regulations related to wastewater treatment getting stricter, the complexity involved in achieving better results has increased. A lot of investment has been done by governments across the world to improve the reliability and efficiency of the water treatment systems. Development of computing technology, along with the development of sophisticated APC tools, has boosted the application of APC in the water and wastewater treatment market.
