Advanced Process Control Market Size (2024 - 2029)

Advanced Process Control Market Analysis

The Advanced Process Control Market size is estimated at USD 2.74 billion in 2024, and is expected to reach USD 4.10 billion by 2029, growing at a CAGR of 8.38% during the forecast period (2024-2029).

Advanced process control (APC) describes techniques and tools for optimizing and controlling complex industrial processes such as power generation, chemical processing, manufacturing, or other methods. The objectives of APC are to enhance the efficiency, productivity, quality, security, and environmental performance of these processes. As APC requires complex algorithms and models to manage the complicated dynamics of a process, its processing control techniques are characterized by their higher levels of sophistication than in the case of traditional process control systems.

Although the concept of APC has existed for over thirty years, it has only recently gained prominence as factory units worldwide increasingly focus on process optimization. Given the growing complexity of industrial processes, operators' difficulties in carrying out manual controls have increased.

Integrating advanced technologies such as (IoT), extensive data analysis, and AI is a characteristic feature of Industry 4.0. Industry 4.0 is already being adopted in several countries.

Increased government initiatives to increase automation adoption will support the development of modern technologies, production centers, and innovation. Governments worldwide have implemented various national policies and initiatives to promote the use of blockchain, AI, the Internet of Things, and robotic systems in manufacturing operations. The initiatives by various governments to foster global investment and cooperation on business expansion have also generated positive momentum for some established companies. Therefore, the demand for advanced process controls is predicted to rise due to these benefits.

The industrial sector is looking for ways to improve the efficiency of its production processes. The growing awareness of the usage and need for energy savings, along with reduced greenhouse gas emissions, has contributed to this. Advanced process control solutions help reduce costs and improve sustainability to optimize energy consumption and reduce waste. Thus, it is expected that there will be opportunities in a developed market for process control because of a growing focus on energy efficiency by the different sectors, such as oil and gas, chemicals, or power generation.

However, implementing new technological solutions is limited due to stringent legislation and compliance in some sectors, e.g., pharmaceuticals and food and drinks, which hinder growth in the advanced process control market.

Advanced Process Control Industry Segmentation

Advanced process control is the supervisory level of process control, and it optimizes the functioning of process units in real time. This program is used to predict and control process behavior through mathematical models, algorithms, or statistical analyses, usually carried out on a computer network and via an interface in the control room. APC applications optimize the plant by controlling lower-level regulatory controllers while maintaining safety measures, with minimal change to the regulatory control system. The APC application, which drives the plant in a safe, dynamic, and responsive way, provides informed suggestions from decision-making models such as artificial intelligence, machine learning, and digital twins.

The advanced process control market is segmented by type (advanced regulatory control, model predictive control, inferential, sequential, and compressor control), end-user vertical (oil and gas, petrochemical, pharmaceutical, food and beverage, energy and power, chemical, other end-user verticals), and geography (North America (United States and Canada), Europe (United Kingdom, Germany, France, and Rest of Europe), Asia-Pacific (China, India, Japan, and Rest of Asia-Pacific), and Rest of the World). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.