Advanced Process Control Market
Description
The global advanced process control (APC) market was valued at $2.3 billion in 2023, and is projected to reach $5.3 billion by 2033, growing at a CAGR of 9% from 2024 to 2033.
Advanced process control (APC) is a set of advanced techniques and technologies applied in industrial process control systems, which manages simple tasks. APC systems employ complex algorithms to predict future process behaviors and adjust for optimal performance. APC is widely used in industries with continuous processes, including chemical, petrochemical, oil and mineral refining, food processing, pharmaceuticals, and power generation.
Rise in focus on energy efficiency across various industries is a major factor driving the growth of the advanced process control (APC) market. Companies are working to reduce operational costs and lower their carbon footprints to meet sustainability targets and comply with regulatory requirements. APC systems help optimize energy use by continuously monitoring and adjusting process parameters in real-time, minimizing waste. For example, in chemical plants, APC systems control temperatures and pressures to ensure efficient energy consumption. In power generation, APC improves the performance of turbines and boilers. With rising energy costs and stricter environmental regulations, more industries are turning to APC solutions to achieve cost-effective and sustainable operations, fueling substantial growth in the market.
However, high initial costs associated with implementing APC systems hampers the market growth. Advanced process control solutions require significant investments in software, hardware, system integration, and skilled personnel for installation and maintenance. For smaller enterprises or industries with tight budgets, these costs can be prohibitive, delaying adoption. Moreover, integration of Artificial Intelligence (AI) and Machine Learning (ML) in APC systems offers significant growth opportunities for the market. AI and ML enhance the predictive capabilities of APC by analyzing vast datasets to identify patterns and anomalies, enabling better decision-making. For example, AI-driven APC can predict equipment failures and optimize maintenance schedules, reducing downtime and operational costs.
Segment Review:
The advanced process control (APC) market is segmented on the basis of component, technology, end user, and region. On the basis of components, the market is divided into hardware, software, and services. Based on technology, the market is segmented into advanced regulatory control (ARC), multivariable model predictive control (MPC), sequential control, inferential control, and compressor control. On the basis of end user, the advanced process control (APC) market share is classified oil & gas, food & beverages, pharmaceuticals, power, and others. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, Africa).
Key Findings:
By component, the software segment accounted for maximum revenue in 2023 and is projected to grow at a notable CAGR of 9.0% during the forecast period.
By technology, the advanced regulatory control (ARC) segment was the highest revenue contributor in 2023.
By end user, the oil and gas segment accounted for the highest revenue in 2023.
Region-wise, Asia-Pacific, accounted for the highest revenue in the market in 2023.
Competition Analysis:
The key players in the advanced process control (APC) market are General Electric Company, Siemens AG, ABB Ltd., Rockwell Automation Inc., Honeywell International Inc., Onto Innovation, Inc., Yokogawa Electric Corporation, Emerson Electric Corporation, Schneider Electric, and SAP SE. Product launch and acquisition business strategies were adopted by the major advanced process control (APC) Market players in 2023.
Key Market Segments
By Component
Hardware
Software
Services
By Technology
Advanced Regulatory Control (ARC)
Multivariable Model Predictive Control (MPC)
Sequential Control
Inferential Control
Compressor Control
By End user
Oil and Gas
Food and Beverages
Pharmaceuticals
Power
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
General Electric Company
Siemens AG
ABB Ltd.
Rockwell Automation Inc.
Honeywell International Inc.
Onto Innovation, Inc.
Yokogawa Electric Corporation
Emerson Electric Corporation
Schneider Electric
SAP SEThe research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
Advanced process control (APC) is a set of advanced techniques and technologies applied in industrial process control systems, which manages simple tasks. APC systems employ complex algorithms to predict future process behaviors and adjust for optimal performance. APC is widely used in industries with continuous processes, including chemical, petrochemical, oil and mineral refining, food processing, pharmaceuticals, and power generation.
Rise in focus on energy efficiency across various industries is a major factor driving the growth of the advanced process control (APC) market. Companies are working to reduce operational costs and lower their carbon footprints to meet sustainability targets and comply with regulatory requirements. APC systems help optimize energy use by continuously monitoring and adjusting process parameters in real-time, minimizing waste. For example, in chemical plants, APC systems control temperatures and pressures to ensure efficient energy consumption. In power generation, APC improves the performance of turbines and boilers. With rising energy costs and stricter environmental regulations, more industries are turning to APC solutions to achieve cost-effective and sustainable operations, fueling substantial growth in the market.
However, high initial costs associated with implementing APC systems hampers the market growth. Advanced process control solutions require significant investments in software, hardware, system integration, and skilled personnel for installation and maintenance. For smaller enterprises or industries with tight budgets, these costs can be prohibitive, delaying adoption. Moreover, integration of Artificial Intelligence (AI) and Machine Learning (ML) in APC systems offers significant growth opportunities for the market. AI and ML enhance the predictive capabilities of APC by analyzing vast datasets to identify patterns and anomalies, enabling better decision-making. For example, AI-driven APC can predict equipment failures and optimize maintenance schedules, reducing downtime and operational costs.
Segment Review:
The advanced process control (APC) market is segmented on the basis of component, technology, end user, and region. On the basis of components, the market is divided into hardware, software, and services. Based on technology, the market is segmented into advanced regulatory control (ARC), multivariable model predictive control (MPC), sequential control, inferential control, and compressor control. On the basis of end user, the advanced process control (APC) market share is classified oil & gas, food & beverages, pharmaceuticals, power, and others. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, Africa).
Key Findings:
By component, the software segment accounted for maximum revenue in 2023 and is projected to grow at a notable CAGR of 9.0% during the forecast period.
By technology, the advanced regulatory control (ARC) segment was the highest revenue contributor in 2023.
By end user, the oil and gas segment accounted for the highest revenue in 2023.
Region-wise, Asia-Pacific, accounted for the highest revenue in the market in 2023.
Competition Analysis:
The key players in the advanced process control (APC) market are General Electric Company, Siemens AG, ABB Ltd., Rockwell Automation Inc., Honeywell International Inc., Onto Innovation, Inc., Yokogawa Electric Corporation, Emerson Electric Corporation, Schneider Electric, and SAP SE. Product launch and acquisition business strategies were adopted by the major advanced process control (APC) Market players in 2023.
Key Market Segments
By Component
Hardware
Software
Services
By Technology
Advanced Regulatory Control (ARC)
Multivariable Model Predictive Control (MPC)
Sequential Control
Inferential Control
Compressor Control
By End user
Oil and Gas
Food and Beverages
Pharmaceuticals
Power
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
General Electric Company
Siemens AG
ABB Ltd.
Rockwell Automation Inc.
Honeywell International Inc.
Onto Innovation, Inc.
Yokogawa Electric Corporation
Emerson Electric Corporation
Schneider Electric
SAP SEThe research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
Table of Contents
333 Pages
- CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO perspective
- CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter’s five forces analysis
- 3.3.1. Moderate to high bargaining power of suppliers
- 3.3.2. Moderate threat of new entrants
- 3.3.3. Moderate threat of substitutes
- 3.3.4. Low to high intensity of rivalry
- 3.3.5. Moderate bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Increasing Demand for Automation Solutions across Various Industries
- 3.4.1.2. Rising Safety and Security Concerns
- 3.4.1.3. Rising Adoption of Industry 4.0 Technologies
- 3.4.2. Restraint
- 3.4.2.1. High Implementation Costs
- 3.4.3. Opportunities
- 3.4.3.1. Adoption in Renewable Energy Sector
- 3.4.3.2. Implementation in Smart Manufacturing
- CHAPTER 4: ADVANCED PROCESS CONTROL (APC) MARKET, BY COMPONENT
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Hardware
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Software
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Services
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- CHAPTER 5: ADVANCED PROCESS CONTROL (APC) MARKET, BY TECHNOLOGY
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Advanced Regulatory Control (ARC)
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Multivariable Model Predictive Control (MPC)
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Sequential Control
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Inferential Control
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
- 5.6. Compressor Control
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country
- CHAPTER 6: ADVANCED PROCESS CONTROL (APC) MARKET, BY END USER
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Oil and Gas
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Food and Beverages
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Pharmaceuticals
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Power
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. Others
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
- CHAPTER 7: ADVANCED PROCESS CONTROL (APC) MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Component
- 7.2.3. Market size and forecast, by Technology
- 7.2.4. Market size and forecast, by End user
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Component
- 7.2.5.1.2. Market size and forecast, by Technology
- 7.2.5.1.3. Market size and forecast, by End user
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Component
- 7.2.5.2.2. Market size and forecast, by Technology
- 7.2.5.2.3. Market size and forecast, by End user
- 7.2.5.3. Mexico
- 7.2.5.3.1. Market size and forecast, by Component
- 7.2.5.3.2. Market size and forecast, by Technology
- 7.2.5.3.3. Market size and forecast, by End user
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Component
- 7.3.3. Market size and forecast, by Technology
- 7.3.4. Market size and forecast, by End user
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Market size and forecast, by Component
- 7.3.5.1.2. Market size and forecast, by Technology
- 7.3.5.1.3. Market size and forecast, by End user
- 7.3.5.2. France
- 7.3.5.2.1. Market size and forecast, by Component
- 7.3.5.2.2. Market size and forecast, by Technology
- 7.3.5.2.3. Market size and forecast, by End user
- 7.3.5.3. UK
- 7.3.5.3.1. Market size and forecast, by Component
- 7.3.5.3.2. Market size and forecast, by Technology
- 7.3.5.3.3. Market size and forecast, by End user
- 7.3.5.4. Rest of Europe
- 7.3.5.4.1. Market size and forecast, by Component
- 7.3.5.4.2. Market size and forecast, by Technology
- 7.3.5.4.3. Market size and forecast, by End user
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Component
- 7.4.3. Market size and forecast, by Technology
- 7.4.4. Market size and forecast, by End user
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Component
- 7.4.5.1.2. Market size and forecast, by Technology
- 7.4.5.1.3. Market size and forecast, by End user
- 7.4.5.2. Japan
- 7.4.5.2.1. Market size and forecast, by Component
- 7.4.5.2.2. Market size and forecast, by Technology
- 7.4.5.2.3. Market size and forecast, by End user
- 7.4.5.3. India
- 7.4.5.3.1. Market size and forecast, by Component
- 7.4.5.3.2. Market size and forecast, by Technology
- 7.4.5.3.3. Market size and forecast, by End user
- 7.4.5.4. South Korea
- 7.4.5.4.1. Market size and forecast, by Component
- 7.4.5.4.2. Market size and forecast, by Technology
- 7.4.5.4.3. Market size and forecast, by End user
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Market size and forecast, by Component
- 7.4.5.5.2. Market size and forecast, by Technology
- 7.4.5.5.3. Market size and forecast, by End user
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Component
- 7.5.3. Market size and forecast, by Technology
- 7.5.4. Market size and forecast, by End user
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Market size and forecast, by Component
- 7.5.5.1.2. Market size and forecast, by Technology
- 7.5.5.1.3. Market size and forecast, by End user
- 7.5.5.2. Middle East
- 7.5.5.2.1. Market size and forecast, by Component
- 7.5.5.2.2. Market size and forecast, by Technology
- 7.5.5.2.3. Market size and forecast, by End user
- 7.5.5.3. Africa
- 7.5.5.3.1. Market size and forecast, by Component
- 7.5.5.3.2. Market size and forecast, by Technology
- 7.5.5.3.3. Market size and forecast, by End user
- CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.2.1. Top winning strategies, by year
- 8.2.2.Top winning strategies, by development
- 8.2.3. Top winning strategies, by company
- 8.3. Product mapping of top 10 Player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2023
- CHAPTER 9: COMPANY PROFILES
- 9.1. General Electric Company
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
- 9.2. Siemens AG
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
- 9.3. ABB Ltd.
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
- 9.4. Emerson Electric Corporation
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.5. Rockwell Automation Inc.
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.6. Honeywell International Inc.
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.7. Schneider Electric
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.8. Onto Innovation, Inc.
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.9. Yokogawa Electric Corporation
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
- 9.10. SAP SE
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
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