The global advanced process control (APC) market size was significantly large in 2020, and is expected to continue to register a rapidly inclining revenue CAGR between 2021 and 2028. Key factors responsible for driving market revenue growth are increasing implementation of these solutions in business models and high demand for automation solutions across various industries worldwide.
Advanced process control (APC) refers to a broad range of technologies and techniques implemented within industrial process control systems. It is often deployed in addition to basic process control or optionally. Basic process control facilitates basic automation, control, and operation requirements. Advanced process control (APC) also encompasses numerous proven advanced control techniques such as inferential control, decoupling, and feedforward. Even though the concept of advanced process control (APC) has been around for more than three decades, it has very recently gained surging prominence, owing to rising focus of factory units on process optimization.
Major Companies Profiled in The Report:
- Schneider Electric
- Siemens
- Rudolph Technologies
- Aspen Technology, Inc.
- Emerson Electric Co.
- ABB
- Yokogawa Electric Corporation
- Panasonic Corporation
- Rockwell Automation, Inc.
- Honeywell International Inc.
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3D scanning technology has recorded significant adoption from commercial applications. Also, the flexibility of the technology to be customized to meet the several professional needs in industries has made it highly popular across the major end-user industries. For example, Advanced Process Control (APC)s are used to model body parts in 3D in the medical sector, which is further used to create prosthetics. It is also used to facilitate wound healing and generate several body implants.
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Hardware
- Control Systems
- Interface and Display
- Computing Systems
- Others
- Software
- Service
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Oil Gas
- Petrochemicals
- Pharmaceuticals
- Food Beverage
- Energy Power
- Chemicals
- Others
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