Advanced Process Control (APC) Market Size, Company Revenue Share, Key Drivers, and Trend Analysis, 2020–2028
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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