North America Advanced Process Control Market Size & Outlook
The advanced process control market in North America is expected to reach a projected revenue of US$ 1,409.0 million by 2030. A compound annual growth rate of 8.4% is expected of North America advanced process control market from 2024 to 2030.
Revenue, 2023 (US$M)
$800.6
Forecast, 2030 (US$M)
$1,409.0
CAGR, 2024 - 2030
8.4%
Report Coverage
North America
North America advanced process control market highlights
- The North America advanced process control market generated a revenue of USD 800.6 million in 2023.
- The market is expected to grow at a CAGR of 8.4% 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.
North America data book summary
| Market revenue in 2023 | USD 800.6 million |
| Market revenue in 2030 | USD 1,409.0 million |
| Growth rate | 8.4% (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, North America region accounted for 36.8% 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
Inferential control
Compressor control
Multivariable Model Predictive control (MPC)
Sequential control
Advanced Regulatory Control (ARC)
Solution
Process Performance
Operation Management
Workforce Management
Energy Management and Optimization
Asset Performance Optimization
Others
Enterprise Size
Small & Medium Enterprises (SMEs)
Large Enterprises
End Use
Energy & Power
Chemicals
Paper & Pulp
Mining, Minerals, and Metals
Oil and Gas
Pharmaceuticals
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 |
|---|---|---|---|---|
| Aspen Technology Inc | View profile | 3900 | 20 Crosby Drive, Bedford, MA, United States, 01730 | https://www.aspentech.com |
| Yokogawa Electric Corp. | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | http://www.yokogawa.com |
| Emerson Electric Co | View profile | 67000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | https://www.emerson.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Rockwell Automation Inc | View profile | 29000 | 1201 South Second Street, Milwaukee, WI, United States, 53204 | https://www.rockwellautomation.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
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