Advanced Process Control and Optimization Market Driven by Sustainability and ESG Initiatives

ARC Advisory Group research reveals that sustainability and ESG initiatives are becoming increasingly important to industrial companies. Improving operational safety also plays a vital role, since for many companies this is part of the license to operate. Advanced process control and optimization technologies reduce process variability, minimize costly product giveaway, optimize processes against constraints, and support autonomous operations. Suppliers continue to develop better tools to ensure users sustain the value of their applications. Some suppliers are increasing the value of their APC applications by providing an APC monitoring application that detects problems quickly, diagnoses the probable cause, and repairs the controller by generating a new or updated model.

"ARC market research shows that as the market continues to develop ease of use functionality in APC technologies, investments in embedded Artificial Intelligence (AI) will increase. AI and machine learning play a role in improving model calibration and accuracy and providing operator guidance. ARC believes that an essential ingredient for industrial transformation is the application of machine learning and AI. For APC and optimization this relates to how APC is driving the economics and performance of the plant. Engineering service providers and EPCs have turned to optimization services and using technology such as APC to help owner-operators improve production operations. The availability of process engineers with optimization skills will be welcomed by the industry and will in turn help grow the market," according to Peter Reynolds, Contributing Analyst and key author of ARC's Advanced Process Control and Online Optimization Market Research.

Advanced Process Control and Online Optimization Market Trends

In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:

  • Shortage of APC Engineers
  • Dynamic Optimization to Improve Scheduling 
  • Target Smaller APC Applications
  • APC as a Subscription or SaaS Solution
  • Self-Tuning / Calibrating Models 
  • Ease of Use
  • AI for Seed Models
  • APC for Sustainability

Leading Suppliers to the Advanced Process Control and Online Optimization Identified

In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Aspen Technology, AVEVA, Emerson Automation Solutions, Honeywell, Yokogawa.

About the Advanced Process Control and Online Optimization Research

Advanced Process ControlThe Advanced Process Control and Online Optimization research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and five years of historical analysis. The research segmentation includes Industry, World Region, Sales Channel, Service Revenues by Type, Revenue Category, Customer Tier, Application, Overall Scope.

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