Advanced Process Control Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Advanced process control is applied in process industries. Advanced process control allows an organization to increase efficiency, productivity, and reduce emissions. Advantages such as improved monitoring of key performance indicators, improved production capacity, less power consumption, and better equipment reliability provided by advanced process control drive the market.
MARKET DYNAMICS
The increase in the adoption of advanced process control in process industries to reduce emissions and to growth, operational flexibility, and reliability are some of the significant factors driving the growth of the advanced process control market. However, high implementation costs of advanced process control are one of the major factors which may restrain the growth of the advanced process control market. However, data accuracy and faster implementation of software are anticipated to boost the growth of the advanced process control market.
MARKET SCOPE
The "Global Advanced Process Control Market Analysis to 2028" is a specialized and in-depth study of the advanced process control market with a special focus on the global market trend analysis. The report aims to provide an overview of advanced process control market with detailed market segmentation by type, application. The global advanced process control market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading advanced process control market players and offers key trends and opportunities in the advanced process control market.
MARKET SEGMENTATION
The global advanced process control market is segmented on the basis of type, application. On the basis of type, the market is segmented as advanced regulatory control (ARC), multivariable model predictive control, advanced process control, inferential control, sequential control, compressor control. On the basis of application, the market is segmented as chemical, oil and gas, pharmaceutical, power generation, water and wastewater, pulp and paper, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global advanced process control market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The advanced process control market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting advanced process control market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the advanced process control market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global advanced process control market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The advanced process control market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting advanced process control market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the advanced process control market in these regions.
MARKET PLAYERS
The reports cover key developments in the advanced process control market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from advanced process control market are anticipated to lucrative growth opportunities in the future with the rising demand for advanced process control market. Below mentioned is the list of few companies engaged in the advanced process control market.
The report also includes the profiles of key advanced process control market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB Ltd.
- Aspen Technology, Inc.
- Emerson Electric Co.
- General Electric
- Honeywell International Inc.,
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- Rudolph Technologies
- Yokogawa Electric Corporation
The Insight Partners dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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Country Scope
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1 Introduction
1.1 Scope of Study
1.2 The Insight Partners Research Report Guidance
2 Key Takeaways
3 Advanced Process Control Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Advanced Process Control Market - By Type
3.2.2 Advanced Process Control Market - By Application
3.2.3 Advanced Process Control Market - By Region
3.2.3.1 By Countries
3.3 PEST Analysis
3.3.1 North America - PEST Analysis
3.3.2 Europe - PEST Analysis
3.3.3 Asia Pacific - PEST Analysis
3.3.4 Middle East and Africa - PEST Analysis
3.3.5 South America - PEST Analysis
4 Advanced Process Control - Key Industry Dynamics
4.1 Key Market Drivers
4.2 Key Market Restraints
4.3 Key Market Opportunities
4.4 Future Trends
4.5 Impact Analysis
5 Advanced Process Control Analysis- Global
5.1 Advanced Process Control Market Overview
5.2 Advanced Process Control Market Forecasts and Analysis
6 Advanced Process Control Market Revenue and Forecasts to 2028 - Type
6.1 Overview
6.2 Type Market Forecasts and Analysis
6.3 Advanced Regulatory Control
6.3.1 Overview
6.3.2 Advanced Regulatory Control Market Forecasts and Analysis
6.4 Multivariable Model Predictive Control
6.4.1 Overview
6.4.2 Multivariable Model Predictive Control Market Forecasts and Analysis
6.5 Advanced Process Control
6.5.1 Overview
6.5.2 Advanced Process Control Market Forecasts and Analysis
6.6 Inferential Control
6.6.1 Overview
6.6.2 Inferential Control Market Forecast and Analysis
6.7 Sequential Control
6.7.1 Overview
6.7.2 Sequential Control Market Forecast and Analysis
6.8 Compressor Control
6.8.1 Overview
6.8.2 Compressor Control Market Forecast and Analysis
7 Advanced Process Control Market Revenue and Forecasts to 2028 - Application
7.1 Overview
7.2 Application Market Forecasts and Analysis
7.3 Chemical
7.3.1 Overview
7.3.2 Chemical Market Forecasts and Analysis
7.4 Oil & Gas
7.4.1 Overview
7.4.2 Oil & Gas Market Forecasts and Analysis
7.5 Pharmaceutical
7.5.1 Overview
7.5.2 Pharmaceutical Market Forecasts and Analysis
7.6 Power Generation
7.6.1 Overview
7.6.2 Power Generation Market Forecast and Analysis
7.7 Water & Wastewater
7.7.1 Overview
7.7.2 Water & Wastewater Market Forecast and Analysis
7.8 Pulp & Paper
7.8.1 Overview
7.8.2 Pulp & Paper Market Forecast and Analysis
7.9 Others
7.9.1 Overview
7.9.2 Others Market Forecast and Analysis
8 Advanced Process Control Market Revenue and Forecasts to 2028 - Geographical Analysis
8.1 North America
8.1.1 North America Advanced Process Control Market Overview
8.1.2 North America Advanced Process Control Market Forecasts and Analysis
8.1.2.1 North America Market Forecasts and Analysis - By Countries
8.1.2.1.1 US market
8.1.2.1.2 Canada market
8.1.2.1.3 Mexico market
8.1.3 North America Market Forecasts and Analysis - By Type
8.1.4 North America Market Forecasts and Analysis - By Application
8.2 Europe
8.2.1 Europe Advanced Process Control Market Overview
8.2.2 Europe Advanced Process Control Market Forecasts and Analysis
8.2.2.1 Europe Market Forecasts and Analysis - By Countries
8.2.2.1.1 France market
8.2.2.1.2 Germany market
8.2.2.1.3 Italy market
8.2.2.1.4 Spain market
8.2.2.1.5 UK market
8.2.2.2 Europe Market Forecasts and Analysis - By Type
8.2.2.3 Europe Market Forecasts and Analysis - By Application
8.3 Asia pacific (APAC)
8.3.1 Asia Pacific Advanced Process Control Market Overview
8.3.2 Asia Pacific Advanced Process Control Market Forecasts and Analysis
8.3.2.1 Asia Pacific Market Forecasts and Analysis - By Countries
8.3.2.1.1 Australia market
8.3.2.1.2 China market
8.3.2.1.3 India market
8.3.2.1.4 Japan market
8.3.3 Asia Pacific Market Forecasts and Analysis - By Type
8.3.4 Asia Pacific Market Forecasts and Analysis - By Application
8.4 Middle East and Africa (MEA)
8.4.1 Middle East and Africa Advanced Process Control Market Overview
8.4.2 Middle East and Africa Advanced Process Control Market Forecasts and Analysis
8.4.2.1 Middle East and Africa Market Forecasts and Analysis - By Countries
8.4.2.1.1 South Africa market
8.4.2.1.2 Saudi Arabia market
8.4.2.1.3 UAE market
8.4.3 Middle East and Africa Market Forecasts and Analysis - By Type
8.4.4 Middle East and Africa Market Forecasts and Analysis - By Application
8.5 South America (SAM)
8.5.1 South America Advanced Process Control Market Overview
8.5.2 South America Advanced Process Control Market Forecasts and Analysis
8.5.2.1 South America Market Forecasts and Analysis - By Countries
8.5.2.1.1 Brazil market
8.5.3 South America Market Forecasts and Analysis - By Type
8.5.4 South America Market Forecasts and Analysis - By Application
9 Industry Landscape
9.1 Mergers & acquisitions
9.2 Market Initiatives
9.3 New developments
9.4 Investment scenarios
10 Competitive Landscape
10.1 Competitive Product mapping
10.2 Market Positioning/ Market Share
11 Advanced Process Control Market, Key Company Profiles
11.1 ABB Ltd.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Financial Overview
11.1.4 SWOT Analysis
11.1.5 Key Developments
11.2 Honeywell International Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Financial Overview
11.2.4 SWOT Analysis
11.2.5 Key Developments
11.3 Schneider Electric
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Financial Overview
11.3.4 SWOT Analysis
11.3.5 Key Developments
11.4 Siemens Ltd.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Financial Overview
11.4.4 SWOT Analysis
11.4.5 Key Developments
11.5 Aspen Technology, Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Financial Overview
11.5.4 SWOT Analysis
11.5.5 Key Developments
11.6 General Electric
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Financial Overview
11.6.4 SWOT Analysis
11.6.5 Key Developments
11.7 Rockwell Automation, Inc.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Financial Overview
11.7.4 SWOT Analysis
11.7.5 Key Developments
11.8 Rudolph Technologies
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Financial Overview
11.8.4 SWOT Analysis
11.8.5 Key Developments
11.9 Yokogawa Electric Corporation
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Financial Overview
11.9.4 SWOT Analysis
11.9.5 Key Developments
11.10 Emerson Electric Co.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Financial Overview
11.10.4 SWOT Analysis
11.10.5 Key Developments
12 Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
12.3 Research Methodology
1. ABB Ltd.
2. Honeywell International Inc.,
3. Schneider Electric
4. Siemens Ltd.
5. Aspen Technology, Inc.
6. General Electric
7. Rockwell Automation, Inc.
8. Rudolph Technologies
9. Yokogawa Electric Corporation
10. Emerson Electric Co.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.