Advanced Process Control Software Market

Executive Summary

Advanced Process Control Software Market was valued at US $1.58 billion in 2021 and is projected to grow at 9.20% CAGR over the forecast period to reach US $2.68 billion by 2027. Advanced Process Control Software Market represented US $0.26 billion opportunity over 2019-2021 and estimated to create US $1.10 billion opportunity in 2027 over 2021.

Advanced Process Control Software from Consainsights analyses the Advanced Process Control Software Market in the Technology & Media industry over the forecast period to 2027.

Advanced Process Control Software research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Advanced Process Control Software segmentation includes Type, Application and Geography.

Based on the Type, the Advanced Process Control Software analysis covers ADVANCE REGULATORY CONTROL, INFERENTIAL CONTROL, MULTIVARIABLE MODEL PREDICTIVE CONTROL, OTHERS.

In Type segment, INFERENTIAL CONTROL segment has highest cagr growth of 8.14%.

Based on the Application, the Advanced Process Control Software analysis covers OIL & GAS, PHARMACEUTICALS, FOOD & BEVERAGES, PETROCHEMICALS, OTHERS.

In Application segment, OIL & GAS segment has highest cagr growth of 8.14%.

Based on the region, the Advanced Process Control Software analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include ASPEN TECHNOLOGY, INC., ROCKWELL AUTOMATION, INC., YOKOGAWA ELECTRIC CORPORATION, GENERAL ELECTRIC COMPANY, RUDOLPH TECHNOLOGIES, INC., EMERSON ELECTRIC CO., MAVERICK TECHNOLOGIES, HONEYWELL, SCHNEIDER ELECTRIC SOFTWARE, LLC, SIEMENS AG and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Type

Introduction

In 2021, ADVANCE REGULATORY CONTROL segment has the highest revenue of US $0.67 billion and is expected to grow at CAGR of 8.14% by 2027 INFERENTIAL CONTROL segment has highest cagr growth of 8.14%.

ADVANCE REGULATORY CONTROL

ADVANCE REGULATORY CONTROL segment was valued at US $0.56 billion in 2019 and is projected to grow at 8.14% CAGR over the forecast period to reach US $1.13 billion by 2027. ADVANCE REGULATORY CONTROL segment represented US $0.11 billion opportunity over 2019-2021 and estimated to create US $0.46 billion opportunity in 2027 over 2021.

INFERENTIAL CONTROL

INFERENTIAL CONTROL segment was valued at US $0.40 billion in 2019 and is projected to grow at 8.14% CAGR over the forecast period to reach US $0.81 billion by 2027. INFERENTIAL CONTROL segment represented US $0.08 billion opportunity over 2019-2021 and estimated to create US $0.33 billion opportunity in 2027 over 2021.

MULTIVARIABLE MODEL PREDICTIVE CONTROL

MULTIVARIABLE MODEL PREDICTIVE CONTROL segment was valued at US $0.24 billion in 2019 and is projected to grow at 8.14% CAGR over the forecast period to reach US $0.48 billion by 2027. MULTIVARIABLE MODEL PREDICTIVE CONTROL segment represented US $0.05 billion opportunity over 2019-2021 and estimated to create US $0.20 billion opportunity in 2027 over 2021.

OTHERS

OTHERS segment was valued at US $0.13 billion in 2019 and is projected to grow at 8.14% CAGR over the forecast period to reach US $0.27 billion by 2027. OTHERS segment represented US $0.03 billion opportunity over 2019-2021 and estimated to create US $0.11 billion opportunity in 2027 over 2021.

Application

Introduction

In 2021, OIL & GAS segment has the highest revenue of US $0.74 billion and is expected to grow at CAGR of 8.14% by 2027 OIL & GAS segment has highest cagr growth of 8.14%.

OIL & GAS

OIL & GAS segment was valued at US $0.62 billion in 2019 and is projected to grow at 8.14% CAGR over the forecast period to reach US $1.26 billion by 2027. OIL & GAS segment represented US $0.12 billion opportunity over 2019-2021 and estimated to create US $0.52 billion opportunity in 2027 over 2021.

PHARMACEUTICALS

PHARMACEUTICALS segment was valued at US $0.36 billion in 2019 and is projected to grow at 8.14% CAGR over the forecast period to reach US $0.74 billion by 2027. PHARMACEUTICALS segment represented US $0.07 billion opportunity over 2019-2021 and estimated to create US $0.30 billion opportunity in 2027 over 2021.

FOOD & BEVERAGES

FOOD & BEVERAGES segment was valued at US $0.19 billion in 2019 and is projected to grow at 8.14% CAGR over the forecast period to reach US $0.39 billion by 2027. FOOD & BEVERAGES segment represented US $0.04 billion opportunity over 2019-2021 and estimated to create US $0.16 billion opportunity in 2027 over 2021.

PETROCHEMICALS

PETROCHEMICALS segment was valued at US $0.10 billion in 2019 and is projected to grow at 8.14% CAGR over the forecast period to reach US $0.21 billion by 2027. PETROCHEMICALS segment represented US $0.02 billion opportunity over 2019-2021 and estimated to create US $0.09 billion opportunity in 2027 over 2021.

OTHERS

OTHERS segment was valued at US $0.04 billion in 2019 and is projected to grow at 8.14% CAGR over the forecast period to reach US $0.09 billion by 2027. OTHERS segment represented US $0.01 billion opportunity over 2019-2021 and estimated to create US $0.04 billion opportunity in 2027 over 2021.