Global Advanced Process Control (APC) Market Growth (Status and Outlook) 2023-2029

Global Advanced Process Control (APC) Market Growth (Status and Outlook) 2023-2029

In control theory Advanced process control (APC) refers to a broad range of techniques and technologies implemented within industrial process control systems. Advanced process controls are usually deployed optionally and in addition to basic process controls. Basic process controls are designed and built with the process itself, to facilitate basic operation, control and automation requirements. Advanced process controls are typically added subsequently, often over the course of many years, to address particular performance or economic improvement opportunities in the process.

LPI (LP Information)' newest research report, the “Advanced Process Control (APC) Industry Forecast” looks at past sales and reviews total world Advanced Process Control (APC) sales in 2022, providing a comprehensive analysis by region and market sector of projected Advanced Process Control (APC) sales for 2023 through 2029. With Advanced Process Control (APC) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Advanced Process Control (APC) industry.

This Insight Report provides a comprehensive analysis of the global Advanced Process Control (APC) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Advanced Process Control (APC) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Advanced Process Control (APC) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Advanced Process Control (APC) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Advanced Process Control (APC).

The global Advanced Process Control (APC) market size is projected to grow from US$ 628.8 million in 2022 to US$ 1017.1 million in 2029; it is expected to grow at a CAGR of 7.1% from 2023 to 2029.

North America and Asia-Pacific is anticipated to be major regional segment over the forecast period owing to rising energy efficient production and increasing infrastructure development. India and China is expected to be major revenue area in Asia Pacific over the forecast period.

This report presents a comprehensive overview, market shares, and growth opportunities of Advanced Process Control (APC) market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Advanced Regulatory Control (ARC)
Multivariable Model Predictive Control (MPC)
Nonlinear MPC

Segmentation by application
Petroleum Industry
Chemical Industry
Power Industry
Metallurgical Industry
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Honeywell
Schneider Electric
Siemens
Aspen Technology
GE
Rockwell Automation
Yokogawa Electric

Please note: The report will take approximately 2 business days to prepare and deliver.