Introduction

Enter advanced process control – or APC – systems. These advanced technologies such as artificial intelligence (AI), machine learning (ML), and predictive analytics allow companies to get more out of their existing equipment through the optimization of their processes and better-quality control. This results in reduced operating costs, improved products, fewer disruptions and downtimes, and higher productivity.

Market Overview

Based on industry, the global advanced process control market is segmented into chemicals, pharmaceuticals, oil & gas, food & beverage, and other industries, whereas based on technology, it is divided into model predictive control, statistical process control, adaptive control, and others. The global advanced process control market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Significant drivers of growth include the rising trend of industrial automation, the increasing demand for energy efficiency, and the continuous need to enhance the quality of products.

Market Size and CAGR

This market size was valued at xx USD in the year 2021, and it is estimated to grow at a CAGR of [yy%] from 2021 to 2031.

Key Market Trends

Connection with the Internet of Things: Enhanced process control will be a result of the integration of these systems with the Internet of Things (IoT) – allowing coordinated real-time data harvesting and analysis to guide more effective and timely process optimization.

Artificial Intelligence and Machine Learning: we will see a growing use of artificial intelligence and machine learning, where AI and ML algorithms are being used to enhance the predictive capabilities of APC systems that can then instead begin to do ‘preventive’ maintenance and identify anomalies.

Digital Twin Technology: The development of digital twins of industrial processes is allowing for virtual testing and optimization, both to reduce risks and improve efficiency.

Cloud-based Solutions: Scalable, flexible, and with reduced capital expenditure on infrastructure, cloud-based APC platforms appeal to organizations of all sizes.

Market Drivers and Challenges

Drivers:

Increasing industrial automation

Growing demand for energy efficiency

Need for improved product quality.

Advancements in technology

Challenges:

High upfront costs

Complexity of implementation