Asia Pacific Advanced Process Control Market - Forecasts from 2022 to 2027

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, 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%.

Market Segmentation:

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