PUBLISHER: The Business Research Company | PRODUCT CODE: 1662473
PUBLISHER: The Business Research Company | PRODUCT CODE: 1662473
Advanced process control involves model-based software that manages how a process functions. It aims to enhance the control performance of processes that are integral to production. By leveraging real-time data and predictive algorithms, advanced process control optimizes efficiency, minimizes variability, and boosts overall productivity in manufacturing settings.
The primary types of advanced process control include advanced regulatory control, multivariable model predictive control, inferential control, sequential control, and compressor control. Advanced regulatory control encompasses various control strategies such as ratio control, cascade control, and decoupling control. These control techniques are made available through different revenue sources, including software and services. Advanced process control finds applications across a wide range of industries, including oil and gas, petrochemicals, pharmaceuticals, food and beverages, energy and power, chemicals, and others.
The advanced process control market research report is one of a series of new reports from. The Business Research Company that provides advanced process control market statistics, including advanced process control industry global market size, regional shares, competitors with a advanced process control market share, detailed advanced process control market segments, market trends and opportunities, and any further data you may need to thrive in the advanced process control industry. This advanced process control market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The advanced process control market size has grown strongly in recent years. It will grow from $20.18 billion in 2024 to $22.13 billion in 2025 at a compound annual growth rate (CAGR) of 9.7%. 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 $32.31 billion in 2029 at a compound annual growth rate (CAGR) of 9.9%. 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.
The surge in demand for automation solutions is anticipated to drive the growth of the advanced process control market. Automation involves technologies that reduce reliance on human intervention to complete tasks. Among these technologies, Process Automation Systems (PAS) play a pivotal role in streamlining operations, particularly Advanced Process Control (APC) systems. These systems enhance operational efficiency, decrease reliance on manual intervention, and boost profits in dynamic settings. As industries seek greater efficiency and efficacy, the escalating demand for automation solutions is poised to significantly propel the advanced process control market. For example, according to an International Data Corporation (IDC) report, expenditure on IoT goods and services in Australia and New Zealand is forecasted to surpass $16 billion in 2022, marking a 13% surge from 2021. Consequently, the increasing need for automation is a key driver of growth in the advanced process control market.
The upsurge in chemical production is projected to be a significant driver for the advanced process control market. Chemicals are substances with distinct molecular compositions produced or used in various processes. Advanced process control in chemical production optimizes operational efficiency, elevates product quality, and ensures adherence to regulatory standards through real-time monitoring and automated process adjustments. For instance, as per the CIA Fourth Quarter Economic Report 2021 by the Chemical Industries Association, UK chemical production experienced a 1.0% expansion in 2022, followed by anticipated growth rates of 2.2% in 2023 and an estimated increase to 2.3% in 2024. Hence, the burgeoning chemical production sector is fueling growth in the advanced process control market.
Key players within the advanced process control market are investing in technological innovations, such as digital twin technology, to achieve optimal energy utilization and operational excellence. Digital twin technology creates virtual representations of physical systems or objects, offering real-time insights, analysis, and simulations to enhance comprehension and decision-making. For instance, in February 2022, ABB, a Switzerland-based supplier of electrical equipment and automation products, unveiled the ABB Ability Smart Solution for Wastewater. This digital solution, integrating advanced process control (APC) and digital twin technology, is designed to address challenges in wastewater treatment plants by optimizing operational conditions, reducing process variability, and stabilizing plant operations. This strategic integration of digital twin technology showcases a concerted effort by major industry players to revolutionize process control methodologies and enhance operational efficiency.
Major companies within the advanced process control sector are directing their efforts towards developing cutting-edge AI solutions, such as AI-enabled autonomous well control systems, to bolster oil production efficiency. These sophisticated AI solutions leverage artificial intelligence to facilitate autonomous, real-time control over wells in the oil and gas industry. For instance, in October 2023, Halliburton, in partnership with AIQ and ADNOC, introduced RoboWell, the industry's inaugural AI-powered autonomous well control solution tailored for gas-lifted wells at ADNOC's North East Bab asset in Abu Dhabi. RoboWell harnesses real-time data to optimize production operations, prioritizing safety and minimizing disruptions. The solution automates critical tasks, empowering ADNOC to maintain optimal well flow rates by dynamically optimizing gas injection rates in real-time.
In July 2022, Siemens, a leading German technology company, completed the acquisition of Senseye for an undisclosed sum. This strategic acquisition aligns with Siemens' objective of bolstering its predictive maintenance portfolio by offering scalable and efficient solutions for prognosticating machinery conditions, mitigating unplanned downtimes, and enhancing overall equipment effectiveness. Senseye, a US-based entity, specializes in cloud-based and AI-driven solutions for predictive maintenance, extending beyond individual assets and production lines. This acquisition signifies Siemens' commitment to integrating advanced AI capabilities into their existing solutions, aimed at enhancing predictive maintenance methodologies and operational efficiencies across various industrial sectors.
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 Systemes, SAP SE, Mitsubishi Electric Corporation, Wonderware (Aveva Group), Andritz AG, pirax-Sarco Engineering plc, OMRON Corporation
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
The countries covered in the advanced process control market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The advanced process control market includes revenues earned by entities by providing services such as model predictive control, advanced supervisory control, advanced regulatory control, soft sensor (inferred property) technology. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Advanced Process Control Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on advanced process control market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for advanced process control ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The advanced process control market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.