Built for executives and teams involved in growth planning, this research offers a data-driven view of the advanced process control industry’s direction and competitive environment.
How Big Is The Advanced Process Control Market In 2025?
The advanced process control market size has grown strongly in recent years. It will grow from $20.18 billion in 2024 to $21.78 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to rise of industrial automation, focus on energy efficiency, industry regulations and standards, increasing complexity in industrial processes, cost reduction and operational efficiency.
The advanced process control market size is expected to see strong growth in the next few years. It will grow to $31.15 billion in 2029 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to demand for real-time process monitoring and control, cybersecurity concerns and solutions, emphasis on predictive maintenance, customization and scalability, demand for energy efficiency. Major trends in the forecast period include advanced analytics for predictive maintenance, cloud-based APC solutions, rise of industrial automation, edge computing in control systems, interoperability and open standards, remote monitoring and home-based care.
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What Are The Major Factors Driving The Advanced Process Control Global Market Growth?
The rising demand for automation solutions is expected to boost the growth of the advanced process control market going forward. Automation refers to the technology that uses less human assistance to complete tasks. Process Automation Systems (PAS) are used by industry leaders to minimize complexity, particularly advanced process control (APC) systems, which result in higher efficiency, less operator participation, and increased profits in a continuously changing environment. APC is a process automation system update that offers increased value. Hence, the rising demand for automation solutions will boost the advanced process control market. For instance, according to an International Data Corporation (IDC) report, in Australia and New Zealand alone, spending on IoT goods and services will surpass $16 billion in 2022, up 13% from 2021. Therefore, the rise in the need for automation is driving the growth of the advanced process control market.
Advanced Process Control Market Report Segmentation Analysis
The advanced process control market covered in this report is segmented –
1) By Revenue Source: Software, Services
2) By Type: Advanced Regulatory Control, Multivariable Model Predictive Control, Inferential Control, Sequential Control And Compressor Control
3) By End-Use: Oil And Gas, Petrochemicals, Pharmaceuticals, Food And Beverages, Energy And Power, Chemicals, Other End-Uses
Subsegments:
1) By Software: On-Premises Software, Cloud-Based Software, Licensing Fees
2) By Services: Consulting Services, Integration Services, Maintenance And Support Services
Emerging Trends And Strategic Opportunities In The Advanced Process Control Market
Major companies operating in the advanced process control market are developing technological solutions, such as digital twin technology, to achieve both the lowest energy use and the highest operational standards. Digital twin technology is a virtual representation of a physical object or system, providing real-time insights, analysis, and simulations for enhanced understanding and decision-making. For instance, in February 2022, ABB., a Switzerland-based supplier of electrical equipment and automation products, launched ABB Ability Smart Solution for Wastewater, a digital solution addressing challenges in wastewater treatment plants. The solution, comprising advanced process control (APC) and digital twin technology, aims to optimize operating conditions by minimizing process variability and stabilizing operations.
What Are The Top Players Operating In The Advanced Process Control Market?
Major companies operating in the advanced process control market include Schneider Electric, Siemens AG, General Electric, Aspen Technology Inc., Emerson Electric Co., ABB Ltd., Yokogawa India Ltd., Honeywell International Inc., Rockwell Automation Inc., Azbil Corporation., MAVERICK Technologies LLC, SGS SA, Metso Outotec, Mineser GmbH, Cisco, NovaTech LLC, Applied Materials Inc., Dassault Systèmes, SAP SE, Mitsubishi Electric Corporation, Wonderware (Aveva Group), Andritz AG, pirax-Sarco Engineering plc, OMRON Corporation
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Which Region Holds The Largest Market Share In The Advanced Process Control Market?
Asia-Pacific was the largest region in the advanced process control market in 2024. North America is expected to be the fastest-growing region in the advanced process control market report during the forecast period. The regions covered in the advanced process control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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