Where are Advanced Process Control and On-line Optimization Today? Analysis, Trends and Players and Forecast
According to TMRResearch (Tailor-Made Reports) and their analysis, the global advanced process control and online optimization market will witness a steady growth rate in the period 2017 - 2025. One of the factors which will boost the growth of this market is the minimal resource requirement for the implementation of advanced process control and online optimization. With growing complexity of data on account of the presence of different technologies and systems in process industries, there is an increased chance of making mistakes and analysis of data is also very difficult. As such, the use of advanced process control and online optimization is proving to be highly beneficial as it integrates the processes of the entire production unit of an industry to deliver the data systematically.
Vendors are offering advanced process control and online optimization across end-user industries to enable improved energy efficiency, enhanced production, accurate monitoring, and performance control.
Over the past few years, the pressure on process industries to enhance the production process without compromising on the quality of the product has increased tremendously. This has led to the development and implementation of advanced process control (APC) and on-line optimization systems. These systems offer merits such as increased throughput, improved quality consistencies, decreased energy usage, and reduced operating costs. On the other hand, the growth of the market is inhibited by the lack of awareness and adequate knowledge regarding the benefits of APC and on-line customization systems, which is leading to the reluctance among end users to implement novel and advanced process controllers.
Major vendors in the global APC and on-line optimization market are Andritz Automation, ABB, Aspen Technology, Adaptive Resources, Emerson Process Management, GE Energy, Honeywell, Gensym, IPCOS, Invensys Operations Management, Metso Automation, NeuCo, Sherpa Engineering, Rockwell Automation/Pavilion Technologies, Yokogawa, Shell Global Solutions, and Siemens.