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Advanced Process Control (APC) Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031

04-16-2024 12:16 PM CET | Health & Medicine

Press release from: Orion Market Research

Advanced Process Control (APC) Market Size, Trends, Latest

The global Advanced Process Control (APC) market is estimated to grow at a CAGR of 9.5% during the forecast period (2024-2031). The market growth is driven by the rising automation across industries and the growing oil and gas industry. Additionally, governments across various regions are working towards the integration of advanced solutions and modernizing industrial infrastructure. For instance, the government of China has launched the Made in China (MIC) 2025 plan to upgrade infrastructure and leverage technological developments, with a motive to move China in the manufacturing value chain. The growing awareness about Industry 4.0 and the adoption of advanced process control by the end-use industries for process optimization and quality control is also contributing positively towards market growth.

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The global APC market is segmented based on the type (into advanced regulatory control, inferential control, compressor control, sequential control, and multivariable model predictive control), end-user industry (into pharmaceutical, oil and gas, energy and power, chemical, food and beverage, petrochemical, and others) and geographies (into North America, Europe, Asia-Pacific, and the Rest of the World).
Market Trends and Challenges

• The oil & gas industry segment is anticipated to show significant growth during the forecast period, owing to the increasing implementation of digital solutions for operational efficiency and the subsequent need to stay competitive in the industry.

A full report of Advanced Process Control (APC) Market is available at: https://www.omrglobal.com/industry-reports/advance-process-control-apc-market

• The market growth in the industry is also shaped by the prevailing challenge of a shortage of skilled professionals in the industry. The problem can be addressed effectively by the adoption of Distributed control systems (DCS) systems, owing to the high-performance Human-Machine Interface (HMI) capabilities that can offer critical information to workers and guide informed decision-making.

• North America is expected to hold a major market share, during the forecast period, owing to the presence of leading semiconductor manufacturing industries, and the escalating demand for industrial automation.

• Additionally, in the US the technological advancements in hydraulics and drilling fracturing (fracking) of shale formations have led to a rise in oil and gas production, contributing considerably to the market growth.

• Also, the country has the largest installed nuclear power capacity and generates the most nuclear power in the world. According to, to the Energy Information Administration (EIA) at least 20.0% of the country's total annual electricity generation, is powered by nuclear energy. The utilization of APC can improve nuclear power plant reliability.

• In August 2022, Andhra Paper Limited deployed ABB's advanced process control to efficiently produce lime kiln production at APL's Rajahmundry paper mill in India. This would ascertain uniform lime quality with lower energy consumption and reduced emissions.

• However, the industry growth is challenged by the expensive technologies and initial infrastructure development, the availability of economical alternatives, and the reluctance to transition from conventional to sophisticated processes, due to a lack of funding and qualified personnel.

The major market players in the global APC market include ABB Ltd., Schneider Electric SE, Emerson Electric Co., Yokogawa Electric Corp., and Siemens AG. The market players are considerably contributing to the market growth by the adoption of various business strategies and product innovations. For instance, in October 2022, Rockwell Automation completed the acquisition of CUBIC, to expand its intelligent motor control offerings in Asia, Europe, and Latin America. Additionally, CUBIC will broaden Rockwell's market access to renewable energy and data center solutions.

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Visit more report at

https://www.linkedin.com/pulse/scaffold-technology-market-size-trends-latest-arti-vishwakarma-mlsof/

https://www.linkedin.com/pulse/aesthetic-threads-market-increasing-demand-growth-2031-vishwakarma-pyg5f

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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