The global Advanced Process Control (APC) market is estimated to grow at a CAGR of 9.5% during the forecast period (2024-2031). The market growth is driven by the rising automation across industries and the growing oil and gas industry. Additionally, governments across various regions are working towards the integration of advanced solutions and modernizing industrial infrastructure. For instance, the government of China has launched the Made in China (MIC) 2025 plan to upgrade infrastructure and leverage technological developments, with a motive to move China in the manufacturing value chain. The growing awareness about Industry 4.0 and the adoption of advanced process control by the end-use industries for process optimization and quality control is also contributing positively towards market growth.
Browse the full report description of “Global Advanced Process Control (APC) Market Size, Share & Trends Analysis Report, By Type (Advanced Regulatory Control, Inferential Control, Compressor Control, Sequential Control, and Multivariable Model Predictive Control), By End-User Industry (Pharmaceutical, Oil and Gas, Energy and Power, Chemical, Food and Beverage, Petrochemical, and Others) and Forecast, 2024-2031” at https://www.omrglobal.com/industry-reports/advance-process-control-apc-market
The global APC market is segmented based on the type (into advanced regulatory control, inferential control, compressor control, sequential control, and multivariable model predictive control), end-user industry (into pharmaceutical, oil and gas, energy and power, chemical, food and beverage, petrochemical, and others) and geographies (into North America, Europe, Asia-Pacific, and the Rest of the World).
Market Trends and Challenges
The major market players in the global APC market include ABB Ltd., Schneider Electric SE, Emerson Electric Co., Yokogawa Electric Corp., and Siemens AG. The market players are considerably contributing to the market growth by the adoption of various business strategies and product innovations. For instance, in October 2022, Rockwell Automation completed the acquisition of CUBIC, to expand its intelligent motor control offerings in Asia, Europe, and Latin America. Additionally, CUBIC will broaden Rockwell's market access to renewable energy and data center solutions.
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