The global advanced process control (APC) market is estimated to grow at a CAGR of nearly 9.5% during the forecast period. Emerging applications across industries are contributing to the growth of the market. APC software is being significantly used in the oil and gas, food and beverage and petrochemical industries to manipulate key process variables for the accomplishment of one or several objectives instantaneously; such as energy efficiency, quality, waste reduction, and yield. Through offering a real-time, direct connection to any drug production process, APC platforms create new possibilities for pharmaceutical companies.
Browse the full report description Global Advanced Process Control (APC) Market Size, Share & Trends Analysis Report, By Type (Advanced Regulatory Control, Inferential Control, Compressor Control, Sequential Control, and Multivariable Model Predictive Control), By End-User Industry (Pharmaceutical, Oil and Gas, Energy and Power, Chemical, Food and Beverage, Petrochemical, and Others) and Forecast, 2020-2026 at https://www.omrglobal.com/industry-reports/advance-process-control-apc-market
The major benefits of using APC include ensuring improvement in quality for a comprehensive range of processes, facilitate efficient use of plant equipment, and deliver real-time control in the process. APC finding its considerable application in the oil and gas industry to improve overall process efficiency. Several oil and gas companies have implemented APC software to leverage production output and improve multiple crucial performance indicators. For instance, Bashneft oil refining complex (part of Rosneft Oil Company) has installed Honeywell APC software solutions, which has shown considerable efficiency in the first year of operation.
Honeywell Profit SensorPro and Profit Controller, installed in the Bashneft refineries to enhance the results of target products, increase the stability of their quality indicators, reduce energy usage, and accelerate the whole plant operational efficiency. Honeywell APC software solutions are supporting the Baschneft oil refinery to automatically control a separate unit and completely perform the work of an operator. Profit Controller is based on a predictive model which is intended for multivariable technological process control. It consists of the optimal set of algorithms that supports automatic control, utilizing the data of the virtual analyzers and technological process as input signals. In addition, it enables users to track the products quality and the profitability of the manufacturing process in real-time.
Profit SensorPro is used to carry out the function of virtual analyzers as it calculates the quality indicators in real-time based on the measurable parameters (raw material consumption, temperature, pressure, and more). This allows users to control the quality of the product online without waiting for laboratory analysis and manual sampling. Bashneft oil refining complex is using five APC systems. Likewise, BP and MOL Group has successfully implemented APC platforms to reduce annual energy costs and leverage the production in offshore facilities. This growing implementation of APC solutions for the automation of production processes is primarily driving the global APC market.
Global APC Market- Segmentation
By Type
By End-User Industry
Global APC Market– Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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