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Advanced Process Control Market Share

Report ID: GMI9933
Published Date: Jun 2024
Report Format: PDF

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Advanced Process Control Market Share

ABB Ltd. and Honeywell International Inc. held a share of over 5% in the advanced process control industry in 2023. ABB Ltd., headquartered in Switzerland, specializes in robotics, power, and automation technology. It offers advanced process control solutions that enhance operational efficiency across industries such as manufacturing, utilities, and transportation. The company focuses on digitalization and sustainability, providing integrated solutions that include AI-driven automation and robotics.

Honeywell, based in the U.S., is a diversified technology and manufacturing company. It provides APC solutions tailored to industries, such as aerospace, chemicals, and oil & gas, emphasizing safety, productivity, and energy efficiency. The company’s offerings integrate IoT, ML, and cloud technologies to optimize industrial processes globally.

Advanced Process Control Market Companies

Major players operating in the advanced process control industry are:

ABB Ltd.
Aspen Technology, Inc.
Emerson Electric Co.
General Electric Co.
Honeywell International Inc.
Schneider Electric SE
Siemens AG

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Industry size for advanced process control was USD 21.65 billion in 2023 and will grow at 11% CAGR between 2024 and 2032 due to increasing demand for energy-efficient production processes and the need for higher productivity in industries, such as oil and gas, chemicals, and pharmaceuticals.

The oil & gas segment in the advanced process control industry will record USD 10 billion by 2032, driven by the high demand for optimizing complex processes, improving operational efficiency, and reducing costs.

North America industry captured 35% share in 2023, attributed to the robust industrial base, particularly in the oil & gas, chemicals, and pharmaceuticals sectors, and emphasis on adopting advanced technologies and automation solutions drives market growth.

Prominent players operating in the market are ABB Ltd., Aspen Technology, Inc., Emerson Electric Co., General Electric Co., Honeywell International Inc., Schneider Electric SE, and Siemens AG, are among others.