Replace specific part of a string

I've got a table with multiple columns, APGRPID, VIRTKEY, LFDNR and PARAMETERLIST. I want to change a part of some strings in the PARAMETERLIST column. In the PARAMETERLIST I want to replace the "value" for the PATH= setting. Table: | APGRPID | VIRTKEY | LFDNR | PARAMETERLIST | |:----------- |:---------- | :---- | :------------ | | 1091.000000 | 121.000000 | 1 | KF=138;SCANANDSEND=TRUE;ENDBARCODE=999999999999;PATH=K:\SSTEST;BARCODELENGTH=8 | | 2092.000000 | 130.000000 | 8 | KF=138; PATH=s:\ | | 2101.000000 | 114.000000 | 3 | DESIGNATION=JOB; KF=81; PATH=w:\; SENDALLDATA=TRUE | | 2102.000000 | 116.000000 | 3 | KF=76; PATH=\\srv05\L3OERAPMFC; SENDALLDATA=TRUE | | 2303.000000 | 114.000000 | 2 | KF=386; PATH=W:\; SENDALLDATA=TRUE | The main problem I have is the randomness of the position of the PATH= parameter in the PARAMETERLIST column and the variability of the number of elements in the column if I try to CROSS APPLY a STRING_SPLIT() or anything. Platform: Microsoft SQL Server Enterprise (Ver. 14.0.1000.169)