Advanced Process Control Market To Reach $4.55 Billion By 2030

Advanced Process Control Market Growth & Trends

The global advanced process control market size is expected to reach USD 4.55 billion by 2030, registering a CAGR of 10.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is expected to witness considerable growth across the globe owing to the growing emphasis of several end use industries on the improvement and optimization of the production process. Advanced process control solutions enable organizations to significantly improve the accuracy of product testing, enhance quality, and reduce error.

As companies seek ways of improving the quality of their products and reduce the cost of operations to be able to maintain their competitive edge, the demand for advanced process control systems is likely to continue to rise in the near future. Furthermore, the increasing adoption of advanced process control systems across industries such as nuclear power, chemical, and semiconductor is encouraging APC companies to invest in research and development activities to develop systems with enhanced capabilities. These factors are anticipated to further propel the growth of the global market over the forecast period.

APC is a software-based closed-loop feedback-based process control system that helps increase productivity, minimize waste, and improve quality assurance under real-world operating conditions. By enabling the easy deployment of technologies such as model predictive control and advanced computing systems in the processing and manufacturing sectors, the use of APCs has enabled companies to increase the affordability of products. Moreover, APC systems also aid in lead time reduction to decrease the operational cost associated with it.

Additionally, APCs have a significant demand in the oil and gas sector and are used for optimization and control of a variety of processes. The steady expansion of the chemical industry is also anticipated to drive the adoption of APCs over the forecast period to stabilize industrial operations and optimize plant performance by minimizing the fluctuations of key process variables. Increasing competition has compelled process industries to adopt advanced process control systems to bring about an improvement in economic performance to maintain their competitive edge. However, the need for high initial investments could restrain the growth of the APC market to a certain extent over the forecast period.

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Advanced Process Control Market Report Highlights

• Based on components, the software segment dominated the market and accounted for a revenue share of 43.5% in 2023.

• Of the key end use segments covered in the report, the energy and power segment is expected to witness significant growth during the forecast period. This can be attributed to the significant adoption of advanced process control systems in nuclear power plants and other alternative sources of power generation.

• The Asia Pacific APC market is anticipated to witness high CAGR over the forecast period owing to robust industrialization in countries such as China and India and the higher adoption rate of advanced process control systems in several industries.

• The APC market is oligopolistic and is dominated by companies such as Schneider Electric, Siemens, Rudolph Technologies, Aspen Technology, Inc., Emerson Electric Co., ABB, Yokogawa Electric Corporation, Panasonic Corporation, Rockwell Automation, Inc., and Honeywell International Inc. Collectively, these companies account for nearly 80% of the market.

Advanced Process Control Market Segmentation

Grand View Research has segmented the global advanced process control market on the basis of product type, end use, and region:

Advanced Process Control Component Outlook (Revenue, USD Million, 2018 - 2030)

• Hardware

  • Control Systems

  • Interface and Display

  • Computing Systems

  • Others

• Software

• Service

Advanced Process Control Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Advanced Regulatory Control (ARC)

• Multivariable Model Predictive control (MPC)

• Sequential control

• Inferential control

• Compressor control

Advanced Process Control Solution Outlook (Revenue, USD Million, 2018 - 2030)

• Energy Management and Optimization

• Asset Performance Optimization

• Process Performance

• Operation Management

• Workforce Management

• Others

Advanced Process Control Enterprise Size Outlook (Revenue, USD Million, 2018 - 2030)

• Small & Medium Enterprises (SMEs)

• Large Enterprises

Advanced Process Control End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Oil and Gas

• Chemicals

• Pharmaceuticals

• Energy & Power

• Paper & Pulp

• Mining, Minerals, and Metals

• Food & Beverages

• Others

Advanced Process Control Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • South Arabia

  • UAE

  • South Africa

List of Key Players of Advanced Process Control Market

• ABB

• Aspen Technology Inc (Emerson Electric Co.)

• AVEVA?Group Limited (Schneider Electric group)

• General Electric Company

• Honeywell International Inc.

• Mitsubishi Electric Corporation

• Panasonic Corporation

• Rockwell Automation

• Rudolph Technology (Onto Innovation)

• SAP SE

• Siemens

• Yokogawa Electric Corporation