This site uses cookies, including third-party cookies, that help us to provide and improve our services.

Privacy Policy
- Global Locations -
Headquarters
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States
T: +1-845-579-5705
MEA
Market Access DMCC
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Americas
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
Europe
Future Market Insights
3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom
T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268
APAC
Future Market Insights
Office No. 401-A, 4th Floor,
VANTAGE 9, S.No. 36/1/1,
Baner, Pune 411045 India

Advanced Process Control Market

Advanced Process Control Market Analysis by Industry (Pharmaceuticals, Oil & Gas, Energy & Power, Chemicals, Manufacturing, Automobiles, and Pulp & Paper), By Services (Advanced regulatory Control, Inferential Control, Sequential Control, and Compressor Control), and Region - Forecast to 2022-2032

Market Insights on Advanced Process Control covering sales outlook, demand forecast & up-to-date key trends

Advanced Process Control Market Overview

The advanced process control market is expected to advance with a steady CAGR of 9.31%, through the forecast period.

“Adoption of advanced process control will remain high in pharmaceuticals, oil and gas, and petrochemicals, as it suits the user's needs in less time and lower cost.”

The current market is primarily swept by petrochemical, nuclear power, oil & gas industries due to safety, improvement and quality in production plants.

The constant rise in growing demand from users and adoption of best practices to improve the production and quality along with advance automation & process controls has led to significant growth in APC system. However, it comes with high initial capital and deems fit for large scale production.

Attributes

Details

Estimated Advanced Process Control Market Size (2020)

US$ 1.3 Bn

CAGR (2022-2032)

9.31%

Customize this Report

Let us know your requirement to get
100% FREE customization

What are the Key Drivers Propelling Growth of the Advanced Process Control Market?

“Process optimization and quality control are the key criteria for end-use industries to opt for advanced process control.”

Manual process and human intervention are always prone to error in some extent, and with complex industrial process, the flaw and miscalculation could be enormous, which can lead to major business loss. APC, not only reduces the fault, but also predicts the inaccuracy of product estimates.

Automation is the only technology which find place in every corner of the globe and industries are more than happy to spend huge money on it. Besides that, it reduces the dependency on manpower and addresses the shortages in workforce by providing remote process automation systems.

The market outlook looks bright, but a high-end technology which require mammoth initial capital diminishes the prospects for small scale industries. Furthermore, it requires niche technological experts for implementation and deployment for optimal results. Automation is also seen as a threat by fewer economist as it reduces the manpower at a low level.

Nikhil Kaitwade
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

Which Region Shows Strong Growth Potential in the Advanced Process Control Market?

“The Asia Pacific region is leading the advanced process control market and the high growth rate is symbolic of the high adoption percentage of this radical technology.”

Asia pacific is leading the race to acquire the fast-growing emerging advanced process control market. China and India being the dominant player, collectively accounts for significant share of this emerging market.

China is expected to register significant growth and offerings in advanced process control market. China manufacturing companies are already outperforming in term of production, industrial flow control and the blend of advanced processing control system can be a revolutionary.

For instance, during 2016-17 China revenue generation was US 1.4 trillion alone from manufacturing sector.

What are the Key Innovations in the Advance Process Control Market?

“European regional APC market accounted for more than 30% of the overall market in 2018. The strong adoption rate in the oil and gas, petrochemicals, and energy industries reflects the growing demand for advanced process control in the region."

In 2016, Rudolph Technologies unveiled its new patented clearfind technology capable of detecting organic defects. These minute defects are even difficult to by advanced imaging technologies. The industry is no actively collaborating with multiple customers to address inspection challenges.

Furthermore, a year later in 2017 Honeywell Process Solutions released their APC at Bashneft oil refining complex

In Feb 2018 Apex Optimization was acquired by AspenTech altogether, they introduced advance process control with adequate planning and scheduling for refineries and petrochemicals companies

Become a MarketNgage Insider

An unified Market Research Subscription Platform, built for today’s disparate research needs.

Key Segments

Attributes

Details

Forecast Period

2022-2032

Historical Data Available for

2015 to 2020

Market Analysis

US$ Bn for Value

By Industry Vertical

 

  • Pharmaceuticals
  • Oil & Gas
  • Energy & Power
  • Chemicals
  • Manufacturing
  • Automobiles
  • Pulp & Paper

By Services

  • Advanced regulatory Control
  • Inferential Control
  • Sequential Control
  • Compressor Control

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Key Players

 

  • General electric Co.
  • Rudolph Technologies
  • Yokogawa Electric Corp
  • Emerson Electric Co.
  • ABB Ltd.
  • Aspen Technology
  • Honeywell International, Inc.
  • Schneider Electric Se
  • Rockwell Automation, Inc.
  • Siemens AG

Frequently Asked Questions

The expected CAGR of the advanced process control market is 9.31% through the forecast period.

The advanced process control market is predicted to be worth US$ 2.4 billion by 2026.

Table of Content

NA

Customize this Report

Let us know your requirement to get
100% FREE customization

List of Tables

NA

Nikhil Kaitwade
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst
List of Charts

NA

Need specific information?

Request Customization

Explore Industrial Automation Insights

View Reports
Google translate

Advanced Process Control Market