Global Advanced Process Control Market Size & Outlook
The advanced process control industry worldwide is expected to reach a projected revenue of US$ 4,545.2 million by 2030. A compound annual growth rate of 11.1% is expected of the worldwide advanced process control industry from 2024 to 2030.
Revenue, 2023 (US$M)
$2,173.6
Forecast, 2030 (US$M)
$4,545.2
CAGR, 2024 - 2030
11.1%
Report Coverage
Worldwide
Global advanced process control market, 2018-2030 (US$M)
Global advanced process control market highlights
- The global advanced process control market generated a revenue of USD 2,173.6 million in 2023 and is expected to reach USD 4,545.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 11.1% by 2030.
- In terms of segment, hardware accounted for a revenue of USD 2,173.6 million in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 2,173.6 million |
| Market revenue in 2030 | USD 4,545.2 million |
| Growth rate | 11.1% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
Other key industry trends
- In terms of revenue, the North America accounted for 36.8% of the global advanced process control market in 2023.
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Advanced Process Control Market Scope
Advanced process control market segmentation & scope
Technology
Advanced Regulatory Control (ARC)
Multivariable Model Predictive control (MPC)
Sequential control
Inferential control
Compressor control
Solution
Energy Management and Optimization
Asset Performance Optimization
Process Performance
Operation Management
Workforce Management
Others
Enterprise Size
Small & Medium Enterprises (SMEs)
Large Enterprises
End Use
Oil and Gas
Chemicals
Pharmaceuticals
Energy & Power
Paper & Pulp
Mining, Minerals, and Metals
Food & Beverages
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Brazil
Australia
China
India
Japan
South Korea
UAE
South Africa
Saudi Arabia
Advanced Process Control Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global advanced process control market size, by regions, 2018-2030 (US$M)
Related industry reports
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