The global advanced process control (APC) market is estimated to grow at a CAGR of nearly 9.5% during the forecast period. The major factors contributing to the market growth including rising automation across industries and rising oil and gas industry. The governments across the countries are working towards the integration of advanced solutions and modernizing industrial infrastructure. In May 2015, the Chinese government introduced Made in China (MIC) 2025 initiative which comprises a range of state-backed programs that aims to accelerate productivity, modernize the Chinese economy, and make innovations in industrial processes.
(Get 15% Discount on Buying this Report)
Get Report Sample Copy @
https://www.omrglobal.com/request-sample/advance-process-control-apc-market
The MIC 2025 plan signifies that the country’s manufacturing sector is large, however, it lacks in quality of industrial infrastructure, innovation capacity, degree of digitalization, and the effectiveness of resource utilization. Under the plan, the Chinese government seeks to carry out the task of upgrade infrastructure and leverage technological developments. MIC 2025 aims to move China in the manufacturing value chain through smart manufacturing and advanced manufacturing technologies. The increasing focus on advances in industrial facilities is expected to emerge the adoption of APC solutions for an increased level of automation and optimization of steam power in industrial plants.
A Full Report is Available at:
https://www.omrglobal.com/industry-reports/advance-process-control-apc-market
APC comprises model-based software which is used to direct the industrial process operations and is usually known as model predictive control or multivariable predictive control (MPC). Improved operational efficiency or improvements in production are the major driving forces for implementing these technologies in industrial applications. Advanced combustion control can be utilized to increase the thermal efficiency of individual boilers and decrease emission generation from industrial facilities. Therefore, APC could prove to be a feasible alternative to meet environmental regulations on greenhouse gas (GHG) emissions while enhancing steam, heat, and power output without a considerable process overhaul. Several manufacturing industries, such as pulp and paper, chemicals, and refining have started integration of distributed control systems (DCS) with plant subsystems to enhance overall efficiency and leveraging the productivity. This, in turn, is contributing to the demand for APC technologies to control large, complex, and geographically distributed applications in industrial processes.

Market Segmentation
The global APC market is segmented based on the type and end-user industry. Based on type, the market is classified into advanced regulatory control, inferential control, compressor control, sequential control, and multivariable model predictive control. Based on end-user industry, the market is classified into pharmaceutical, oil and gas, energy and power, chemical, food and beverage, petrochemical, and others.

APC finds its significant application in the oil and gas industry
APC is estimated to significantly increase in the oil and gas industry coupled with the increasing implementation of digital solutions for operational efficiency and stay competitive in the industry. Oil and gas industry facing a severe shortage of skilled professionals as operators with 25 to 30 years of experience are retiring and freshers are taking their place. A DCS can support to reduce these challenges owing to the high-performance human-machine interface (HMI) capabilities that can offer critical information to new workers and guides the workers to take right decisions in diverse production or maintenance circumstances.

This is achieved with the use of situational-awareness methods and allowing ensure the graphic screen designs increase the operators’ focus and response time. This, in turn, enhanced process visibility, improved safety, and better decision making. In addition, multivariable predictive controllers (MPC) are ideal for operations with space constraints and need significant interaction between variables. As a result, it is being significantly used in offshore facilities as it has space constraints that limit the design of separation equipment. BP has successfully implemented APC on its offshore manufacturing facilities at or near the prevailing conditions to leverage the production.

Regional Outlook
The global APC market is segmented based on regions including North America, Europe, Asia-Pacific and Rest of the World (RoW). North America APC market is being driven by the increasing focus on the integration of advanced technologies and increasing demand for energy-efficient technologies coupled with the rising demand for electricity in the region. In 2019, Europe APC market has experienced significant growth owing to the increasing implementation of APC in the oil and gas industry. For instance, MOL Group, an oil and gas company based in Hungary, used APC technology at its gas distillation plant in Algyõ, Hungary. It is supporting AOL to reduce annual energy costs.

Market Players Outlook
Some crucial players operating in the market include ABB Ltd., Schneider Electric SE, Emerson Electric Co., Yokogawa Electric Corp., and Siemens AG. The market players are constantly focusing on gaining major market share by adopting mergers & acquisitions, geographical expansion, product launch, and partnerships and collaborations. For instance, in April 2019, Siemens AG launched a new DCS named Simatic PCS neo that leverages web technologies to offer improved scalability, usability, and collaboration. The platform offers an open and flexible architecture that combines modular engineering with support for the open module type packages (MTP) standard. The scalability of the system allows utilization of control technology ranging from small process modules up to large plants. Simatic PCS neo runs on the current PSC 7 hardware platform, which is the most attractive feature for current customers. This eliminates the need to design and fix novel process control hardware.

The Report Covers
Market value data analysis of 2019 and forecast to 2026.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global APC market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @
https://www.omrglobal.com/report-customization/advance-process-control-apc-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: [email protected]
Contact no: +91 780-304-0404