Advanced process control is a model-based system or software that improves quality and reduces energy consumption in industries, resulting in increased performance and economic prosperity. It employs cutting-edge technology to create autonomous control systems capable of improving process efficiency in a variety of industries, including manufacturing, refining, water and wastewater, pharmaceuticals, paper and pulp, petrochemicals, mining, and food and beverage, among others. Advanced process control systems offer fast changes to the production model as needed in real-time without the need to take the controller down. They also provide predictive maintenance (inspect, isolate, and repair issues without increasing the workload on operational staff). Advanced process control systems are now essential for many industries, including the chemical, oil and gas, and petrochemical sectors, due to these advantages. Organizations are investing a lot of money in advanced process control technology to ensure customer satisfaction by lowering mistakes and integrating more factors at once for improved process management. Based on product type, advanced process control is divided into advanced regulatory control, multivariable model predictive control, inferential control, sequential control, and compressor control.
Industry Demand
According to OMR Research, the global advanced process control market is projected to grow at a CAGR of 9.31% during the forecast period (2023–2029). The growth is driven by the increasing demand from eDN-user industries and their constant growth globally. The rising need for automation solutions across several sectors is the key factor driving the worldwide market for advanced process control. The use of automation solutions by major companies is aimed at making their business models as effective as possible. Many businesses are using advanced process control software to improve the process with simple automation options. The market for advanced process control is also expanding as a result of increased industrialization, the building of more infrastructure, the expansion of power plants, a strong demand for energy-efficient production systems, and the widespread implementation rates in nuclear power plants and the semiconductor sector.
Recent Developments
Companies such as A. Agrati S. P. A. Con Unico Socio, Boltfast Ltd., Bulten Ab (Publ), Caparo Group, Ejot, Fuchs Schraubenwerk Gmbh, Gruppo Fontana S. R. L., Hilti Corp., ITW (Europe) Gmbh, and Kamax Group, among others, are contributing to the market with their various mergers, collaborations, investments, and new product launch activities. Some key recent activities in the market include:
• In November 2022, Aspen Technology, Inc., a global pioneer in industrial software, announced the release of V14 of its aspenONE® platform, an advanced process control system. The latest edition has sophisticated information and guiding capabilities that enhance decision-making and operational performance. Furthermore, with over 100 sample models, V14 enables companies to speed sustainability initiatives and control Scope 1 and 2 emissions to reduce carbon footprints.
• Yokogawa and Shell stated on May 25, 2021, that they had developed Platform for Advanced Control and Estimation R5.03, which was published on June 2, 2021. The platform is a software suite that combines Shell's superior plant process control technology with Yokogawa's real-time control technology to assist clients in enhancing productivity by increasing product output and lowering energy usage. This version upgrade includes support for OPC UA, the most recent version of the communication strategy for boosting plant system interoperability and security, and it assists users in digitally transforming to achieve industrial autonomy.