Asia Pacific Advanced Process Control Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Advanced Regulatory Control, Model Predictive Control, Inferential Control, Sequential Control, Compressor Control), By Industry Vertical (Energy & Power, Oil And Gas, Pharmaceuticals, Chemicals, Food And Beverage, Others), And By Country - Forecasts From 2022 To 2027

  • Published : May 2022
  • Report Code : KSI061611056
  • Pages : 95

The Asia Pacific advanced process control market is projected to grow at a CAGR of 14.81% during the forecast period to reach US$695.237 million by 2027, from US$264.337 million in 2020. 

Advanced Process Control (APC) is a model-based software that improves quality, throughput, and energy utilization in companies, resulting in increased performance and economic expansion. It provides autonomous control systems capable of delivering process efficiency across many industries, including manufacturing, refining, petrochemical, mining, and food and beverage, using cutting-edge technology. APC software offers advantages such as automated data collecting and analysis, linear programming, control system independence, and optimized manufacturing operations, all of which increase process safety and minimize emissions. The growing need for automation solutions across various industries is a major driver for the Asia Pacific advanced process control market. Automation solutions are being used by major companies in order to make their business models as efficient as feasible. Many businesses turn to APC software to improve their processes using basic automation solutions.

The Asia Pacific advanced process control software market is expected to increase significantly due to the region's growing oil and gas, and chemical industries.

Several countries in the region have strong oil and gas and chemical industries, which is expected to grow the market for advanced process control in the Asia Pacific during the forecast period. For instance, primary energy consumption is predicted to nearly double to 1,123 million tonnes of oil equivalent by 2040, according to the IEA's India Energy Outlook 2021, as the country's gross domestic product (GDP) rises to USD 8.6 trillion. In addition, as per the International Energy Agency (IEA), natural gas consumption in India is predicted to increase by 25 billion cubic meters by 2024, with an average annual growth rate of 9%. Moreover, according to a report by Wood Mackenzie, in comparison to 2019, Asia Pacific's oil demand is predicted to increase by 25% (9 million b/d) to 44.8 million b/d by 2040. Furthermore, between 2019 and 2025, the global demand is expected to climb by 5.7 million barrels per day, with China and India accounting for over half of the increase, according to the International Energy Agency’s latest oil market forecast.

 According to the Chemical Dialogue of the Asia-Pacific Economic Cooperation (APEC), the region accounts for more than 45 percent of global chemical manufacturing, almost 7% of global GDP, and more than 69 percent of global chemical jobs. In addition, as per the European Chemical Industry Council, China's share of global chemical market sales increased to 44.6 percent in 2020, up from 25.8% in 2010. The EU27's share of global chemical sales has decreased from 19.3% in 2010 to 14.4% in 2020. China gradually surpassed the EU27 as the world leader in chemical sales. This robust growth in the industries in the Asia Pacific is anticipated to drive the market expansion of APC. For example, in June 2020, Valmet was selected to supply Asia Symbol in China with an advanced process control solution. Valmet will offer the Valmet Recovery Boiler Optimiser advanced process control (APC) technology for installation on the company's PL12 recovery boiler as part of the agreement. This development is expected to lower operational costs, increase control, eliminate process variances, and boost production efficiency.

The Asia Pacific advanced process control market is expected to increase due to significant developments by major companies.

Significant developments in the region with respect to partnerships, research, and development, expansion, among others, are expected to fuel the demand for advanced process control in the coming years. For instance, in November 2021, KLA Corporation announced the launch of two significant facilities in Chennai, India, to support the company's innovative research and talent development efforts. The Artificial Intelligence-Advanced Computing Lab (AI-ACL) at KLA, which collaborates with the Indian Institute of Technology (IIT) Madras, will serve as a hub for AI-related research and development. Moreover, in June 2019, Rudolph Technologies, Inc. and Nanometrics Incorporated agreed to merge in an all-stock merger of an equal deal. For the semiconductor industry and other advanced markets, the merged company will be leading as end-to-end metrology, inspection, process control software, and lithography equipment provider. In addition, in May 2021, Platform for Advanced Control and Estimation R5.03 was developed collaboratively by Yokogawa and Shell as part of the OpreXTM Asset Operations and Optimization family of solutions. It is a software suite that combines Shell's advanced plant process control technology with Yokogawa's real-time control technology to enable customers to increase productivity while lowering energy usage.

COVID-19 Insights

The COVID-19 pandemic had a negative impact on the Asia Pacific advanced process control market due to the major influence on the end-user industries. The reason behind this can be attributed to a reduction in demand, supply chain disruptions, and financial stress. For instance, according to data issued by China's National Bureau of Statistics, China's industrial businesses' output fell by 14% in the first two months of 2020 compared to the same time the previous year, and earnings fell by 39%. Chemical manufacturing was one of the hardest impacted industries, with output down by 21% and profits down to 66%. 

Asia Pacific Advanced Process Control Market Scope:

Report Metric Details
 Market size value in 2020  US$264.337 million
 Market size value in 2027  US$695.237 million
 Growth Rate  CAGR of 14.81% from 2020 to 2027
 Base year  2020
 Forecast period  2022–2027
 Forecast Unit (Value)  USD Million
 Segments covered  Type, Industry Vertical, And Country
 Regions covered  China, Japan, South Korea, India, Thailand, Taiwan, Indonesia, Others
 Companies covered Honeywell International Inc., ABB Inc., Emerson Electric Co., Rockwell Automation, Inc., Schneider Electric (AVEVA Group Plc.), Siemens Ltd., Mitsubishi Electric Corporation, Yokogawa Electric Corporation, OMRON Corporation, FLSmidth & Co. A/S
 Customization scope  Free report customization with purchase


Key Market Segments

  • By Type
    • Advanced Regulatory Control
    • Model Predictive Control
    • Inferential Control
    • Sequential Control
    • Compressor Control
  • By Industry Vertical
    • Energy & Power
    • Oil and Gas
    • Pharmaceuticals
    • Chemicals
    • Food and Beverage
    • Others
  • By Country
    • China
    • Japan
    • South Korea
    • India
    • Thailand
    • Taiwan
    • Indonesia
    • Others

1.1. Market Definition
1.2. Market Segmentation

2.1. Research Data
2.2. Assumptions

3.1. Research Highlights

4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. The Threat of New Entrants
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis

5.1. Introduction
5.2. Advanced Regulatory Control
5.3. Model Predictive Control
5.4. Inferential Control
5.5. Sequential Control
5.6. Compressor Control

6.1. Introduction
6.2. Energy & Power
6.3. Oil and Gas
6.4. Pharmaceuticals
6.5. Chemicals
6.6. Food and Beverage 
6.7. Others

7.1. Introduction
7.2. China
7.3. Japan
7.4. South Korea
7.5. India
7.6. Thailand 
7.7. Taiwan 
7.8. Indonesia
7.9. Others 

8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrative
8.3. Mergers, Acquisition, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix

9.1. Honeywell International Inc.  
9.2. ABB Inc.
9.3. Emerson Electric Co.
9.4. Rockwell Automation, Inc.
9.5. Schneider Electric (AVEVA Group Plc.)
9.6. Siemens Ltd.
9.7. Mitsubishi Electric Corporation
9.8. Yokogawa Electric Corporation
9.9. OMRON Corporation
9.10. FLSmidth & Co. A/S

Honeywell International Inc. 

ABB Inc.

Emerson Electric Co.

Rockwell Automation, Inc.

Schneider Electric (AVEVA Group Plc.)

Siemens Ltd.

Mitsubishi Electric Corporation

Yokogawa Electric Corporation

OMRON Corporation

FLSmidth & Co. A/S