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Advanced Process Control Market Size

  • Report ID: GMI9933
  • Published Date: Jun 2024
  • Report Format: PDF

Advanced Process Control Market Size

Advanced Process Control Market was valued at USD 21.65 billion in 2023 and is estimated to register a CAGR of over 11% between 2024 and 2032.

 

Enhanced operational efficiency in brewery processes acts as a significant growth driver for the advanced process control (APC) market as it directly improves productivity by optimizing various stages of production such as fermentation, maturation, and filtration. This efficiency translates into reduced costs and higher throughput, which are crucial in competitive markets. APC enables breweries to maintain consistent product quality, meeting consumer expectations and regulatory standards more effectively. APC enhances the overall process visibility and control by integrating digital solutions, facilitating smarter decision-making and proactive maintenance, thereby driving further efficiency gains over time.
 

For instance, in February 2024, ABB launched new process automation solution for cold block stage of beer production to drive optimization and efficiency improvements. Brewery-specific ABB Ability BeerMaker for cold block intelligent process automation control solution will support safety and quality improvements, boost productivity, and raise operational efficiency.
 

APC helps minimize energy consumption in operations by optimizing process parameters in real-time. It ensures efficient process operation by continuously adjusting variables such as temperature, pressure, and flow rates to optimal levels. This reduction in energy consumption not only lowers operational costs but also aligns with global sustainability goals, making APC solutions attractive to industries facing stringent environmental regulations. APC's ability to achieve significant savings while enhancing productivity positions it as a crucial growth driver in the market for industries striving to improve their environmental footprint and economic efficiency simultaneously.
 

Implementing APC systems involves considerable capital expenditure. This includes costs for advanced hardware (sensors, controllers, and computing units), software licenses, integration services, and the necessary infrastructure upgrades. Such high capital requirements can be prohibitive, especially for small and medium-sized enterprises (SME) and even some larger companies with constrained budgets. Beyond the purchase price, the implementation of APC systems can incur additional costs related to customization, system integration, and potential downtime during installation. APC systems require regular maintenance, updates, and potential upgrades to stay effective and secure. The ongoing costs associated with these activities can be a deterrent for companies, particularly those with limited resources. These ancillary costs add to the overall financial burden, making the investment even more substantial and potentially deterring adoption.
 

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Industry size for advanced process control was USD 21.65 billion in 2023 and will grow at 11% CAGR between 2024 and 2032 due to increasing demand for energy-efficient production processes and the need for higher productivity in industries, such as oil and gas, chemicals, and pharmaceuticals.

The oil & gas segment in the advanced process control industry will record USD 10 billion by 2032, driven by the high demand for optimizing complex processes, improving operational efficiency, and reducing costs.

North America industry captured 35% share in 2023, attributed to the robust industrial base, particularly in the oil & gas, chemicals, and pharmaceuticals sectors, and emphasis on adopting advanced technologies and automation solutions drives market growth.

Prominent players operating in the market are ABB Ltd., Aspen Technology, Inc., Emerson Electric Co., General Electric Co., Honeywell International Inc., Schneider Electric SE, and Siemens AG, are among others.

Advanced Process Control Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 21
  • Tables & Figures: 233
  • Countries covered: 21
  • Pages: 200
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