Advanced Process Control (APC) Market Booming Worldwide with Latest Trend and Future Scope by 2028

The global advanced process control (APC) market is estimated to grow at a CAGR of nearly 9.5% during the forecast period. The major factors contributing to the market growth including rising automation across industries and rising oil and gas industry. The governments across the countries are working towards the integration of advanced solutions and modernizing industrial infrastructure. In May 2015, the Chinese government introduced Made in China (MIC) 2025 initiative which comprises a range of state-backed programs that aims to accelerate productivity, modernize the Chinese economy, and make innovations in industrial processes.

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The MIC 2025 plan signifies that the country's manufacturing sector is large, however, it lacks in quality of industrial infrastructure, innovation capacity, degree of digitalization, and the effectiveness of resource utilization. Under the plan, the Chinese government seeks to carry out the task of upgrade infrastructure and leverage technological developments. MIC 2025 aims to move China in the manufacturing value chain through smart manufacturing and advanced manufacturing technologies. The increasing focus on advances in industrial facilities is expected to emerge the adoption of APC solutions for an increased level of automation and optimization of steam power in industrial plants.

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• Market Coverage
• Market number available for - 2022-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global APC Market by Type
o Advanced Regulatory Control
o Inferential Control
o Compressor Control
o Sequential Control
o Multivariable Model Predictive Control

Global APC Market by End-User Industry
o Pharmaceutical
o Oil and Gas
o Energy and Power
o Chemical
o Food and Beverage
o Petrochemical
o Others

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o ABB Ltd.
o Honeywell International Inc.
o Emerson Electric Co.
o General Electric Co.
o Siemens AG
o Schneider Electric SE
o Aspen Technology, Inc.
o Rockwell Automation, Inc.
o Onto Innovation Inc.
o Yokogawa Electric Corp.
o Azbil Corp.
o FLSmidth A/S
o GEA Group AG
o ANDRITZ AG
o engineo GmbH

The Report Covers
• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global APC market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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