Market Share of Advanced Process Control Industry
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.
Advanced Process Control Market Leaders
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ABB Ltd.
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Emerson Electric Co.
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Honeywell International Inc.
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Aspen Technology Inc.
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General Electric Co.
*Disclaimer: Major Players sorted in no particular order
