From GlobeNewswire: 2025-02-27 09:30:00

The Advanced Process Control Market was valued at USD 2.24 billion in 2023 and is projected to reach USD 5.43 billion by 2032, with a growth rate of 10.37% from 2024-2032. The increasing adoption of APC solutions across industries is driven by automation, process optimization, and regulatory frameworks, leading to significant market growth.

Key industry players like ABB Ltd., Aspen Technology Inc., and Honeywell International Inc. are listed in the report, showcasing their products and solutions in the Advanced Process Control Market. The market scope includes segmentation by component, technology, enterprise size, and end-use sectors, highlighting key drivers such as industrial automation demand and the integration of AI and machine learning.

Large enterprises currently dominate the APC market, capturing 69% of revenue share in 2023, while small and medium enterprises (SMEs) are projected to experience rapid growth with a CAGR of 11.95% from 2024-2032. Oil and gas lead among end-use sectors, with pharmaceuticals expected to grow the fastest at a CAGR of 14.04% during the same period.

In terms of components, software leads the market with a 44% revenue share in 2023, while services are forecasted to grow at the fastest CAGR of 12.38% from 2024-2032. Among technologies, Advanced Regulatory Control (ARC) dominates the market, while Multivariable Model Predictive Control (MPC) is expected to be the fastest-growing segment with a 12.41% CAGR.

North America currently leads the APC market, accounting for 38% of revenue share in 2023, while Asia Pacific is poised for rapid expansion with a projected CAGR of 12.20% from 2024-2032. The region’s growth is fueled by industrialization, automation adoption, and focus on cost efficiency, positioning it as a significant market for APC solutions in the coming years.



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