Latin America Advanced Process Control Market Size & Outlook
The advanced process control market in Latin America is expected to reach a projected revenue of US$ 409.1 million by 2030. A compound annual growth rate of 12.2% is expected of Latin America advanced process control market from 2024 to 2030.
Revenue, 2023 (US$M)
$183.0
Forecast, 2030 (US$M)
$409.1
CAGR, 2024 - 2030
12.2%
Report Coverage
Latin America
Latin America advanced process control market, 2018-2030 (US$M)
Latin America advanced process control market highlights
- The Latin America advanced process control market generated a revenue of USD 183.0 million in 2023.
- The market is expected to grow at a CAGR of 12.2% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 183.0 million |
| Market revenue in 2030 | USD 409.1 million |
| Growth rate | 12.2% (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 |
| Key market players worldwide | Schneider Electric SE, Siemens AG, Aspen Technology Inc, Emerson Electric Co, ABB Ltd, Yokogawa Electric Corp., Panasonic Holdings Corp, Rockwell Automation Inc, Honeywell International Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.4% of the global advanced process control market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,363.6 million by 2030.
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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 |
|---|
Latin America advanced process control market
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