How big is the Advanced Process Control Market?

The Advanced Process Control Market size is expected to reach USD 2.74 billion in 2024 and grow at a CAGR of 8.38% to reach USD 4.10 billion by 2029. Read More

What is the current Advanced Process Control Market size?

In 2024, the Advanced Process Control Market size is expected to reach USD 2.74 billion. Read More

Who are the key players in Advanced Process Control Market?

ABB Ltd., Emerson Electric Co., Honeywell International Inc., Aspen Technology Inc. and General Electric Co. are the major companies operating in the Advanced Process Control Market. Read More

Which is the fastest growing region in Advanced Process Control Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Advanced Process Control Market?

In 2024, the North America accounts for the largest market share in Advanced Process Control Market. Read More

What years does this Advanced Process Control Market cover, and what was the market size in 2023?

In 2023, the Advanced Process Control Market size was estimated at USD 2.51 billion. The report covers the Advanced Process Control Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Advanced Process Control Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Advanced Process Control Market - Size, Share & Analysis

Advanced Process Control Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Advanced Process Control Market Report is Segmented by Type (Advanced Regulatory Control, Model Predictive Control, Inferential, Sequential, and Compressor Control), by End-User Vertical (Oil and Gas, Petrochemical, Pharmaceutical, Food and Beverage, Energy and Power, Chemical, Other End-User Verticals), and by Geography (North America, Europe, Asia-Pacific, Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Advanced Process Control Industry Overview

The advanced process control market is semi-consolidated, with the presence of several major players and small players. Major players apply strategic initiatives, such as acquisitions, collaborations, partnerships, expansions, and technology launches, to gain a competitive advantage over competitors and retain their market positions. Many players are investing in R&D to develop a cost-effective product portfolio.

In February 2024, ABB introduced a solution tailored for the cold block stage, aiming to enhance breweries’ operational efficiency along with the brewing process and facilitate the adoption of digital solutions and processes, including fermentation, maturation, yeast management, filtration, bright beer tanks area, etc.
In February 2024, Schneider Electric, in collaboration with Intel and Red Hat, announced that industrial companies could move to a software-defined, plug-and-produce solution that enables them to improve their operations, ensure quality, reduce complexity, and optimize their costs by releasing a distributed control node (DCN) software framework and a new framework.