APC Market Trends, Application, Growth Rate, and Future Forecast till 2030
Market Overview:
Advanced Process Control (APC) is an all-encompassing software solution for model predictive control, designed to enhance process profitability by optimizing quality, increasing throughput, and minimizing energy usage. This cutting-edge technology offers automatic control systems that unlock the full potential of various industries, including Food & Beverages, Refining, Petrochemical, and Mining.
In today’s economic environment, manufacturers face the challenges of constrained capital budgets, rising overheads, manufacturing costs, energy expenses, and fierce competition in the global market. To overcome these obstacles and maintain a competitive edge, Advanced Process Control provides a range of solutions to tackle complex manufacturing challenges, extracting maximum value from the production processes. It achieves this by improving production yield, enhancing product quality, and optimizing energy consumption, thereby streamlining manufacturing operations.
Consequently, the adoption of advanced process control is rapidly gaining momentum across diverse industries, as it offers effective techniques for operational optimization. This expansion has led to a significant growth in the APC market, with a wide-scale deployment of APC solutions. Additionally, the market is further propelled by increasing mandates to conserve energy, acting as a crucial driving force on a global scale.
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Key Companies in the advanced process control (APC) market include,
General Electric Company (US)
Siemens AG (Germany)
ABB Ltd (Switzerland)
Emerson Electric Corporation (US)
Rockwell Automation Inc. (US)
Honeywell International (US)
Yokogawa Electric Corporation (Japan)
Schneider Electric (France)
Aspen Technology Inc. (US)
Rudolph Technologies Inc. (US)
Latest Industry Updates:
On January 28, 2019, Saki Corporation, a renowned Japanese innovator specializing in automated optical and x-ray inspection and measurement equipment, proudly unveiled the certification of its automated optical inspection (AOI) systems by Panasonic. This achievement marks a significant milestone, as Saki’s AOI systems become the first to receive Panasonic’s endorsement for supporting its APC-MFB2 System.
Market Segmentations:
The analysis conducted by MRFR can be categorized into four main aspects to provide a deeper comprehension:
Type: This includes a range of control methods such as Advanced Regulatory Control, Multivariable Model Predictive Control, Inferential Control, Sequential Control, Compressor Control, and others.
Revenue Source: The revenue sources consist of Software and Services, among other contributors.
Application: The application areas encompass Oil & Gas, Pharmaceuticals, Power, Food & Beverages, Petrochemicals, Chemicals, Semiconductors, and other sectors.
Regions: The analysis covers four key regions, namely Asia Pacific, North America, Europe, and the Rest-of-the-World, to capture a global perspective.
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