The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising need for automation solutions will drive innovation in advanced process control manufacturing, propelling the market during the forecast period.

The global advanced process control market is expected to grow from $16.82 billion in 2022 to $18.65 billion in 2023 at a compound annual growth rate (CAGR) of 10.8%. The global advanced process control market size is expected to reach $26.89 billion in 2027 at a CAGR of 9.5%.

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Global Advanced Process Control Market Segments Include:

• By Type: Advanced Regulatory Control, Multivariable Model Predictive Control, Inferential Control, Sequential Control And Compressor Control
• By Revenue Source: Software, Services
• By End-Use: Oil And Gas, Petrochemicals, Pharmaceuticals, Food And Beverages, Energy And Power, Chemicals, Other End-Uses
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global advanced process control market in 2021.

Major Market Players in the advanced process control market include Schneider Electric, Siemens, General Electric, Aspen Technology Inc., Emerson Electric Co., ABB Ltd., Yokogawa India Ltd., Honeywell International Inc., Rockwell Automation Inc.

The primary trend gaining traction in the advanced process control market is technological advancement. Major players in the advanced process control market are focused on the development of new technologies. For example, ABB Ltd., a Swiss-based automation business, will unveil Wet End Control, the newest iteration of its Advanced Process Control (APC) solution, in June 2020. It provides comprehensive digital management of wet end processes, improving efficiency and profit for paper mills worldwide. To reduce variability and stabilise the wet end process, ABB Wet End Control monitors, regulates, and enhances retention performance. It uses multivariable model predictive control technology to make automatic adjustments to stabilise ash levels, reduce fluctuations in white water consistency, and reduce chemical and filler dosages.

The Advanced Process Control Global Market Report 2023  provides a advanced process control market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The advanced process control market forecast analyzes advanced process control market size, advanced process control market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Model-based software that regulates how a process functions is referred to as advanced process control. It is used to increase the performance of control of production-related processes.

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