Advanced Process Control Market 2018 Global Share, Trend, Segmentation and Forecast to 2023

Market Highlights:

Market Research Future (MRFR) has prepared a report on the global advanced process control market that predicts 12.09% Compound Annual Growth Rate (CAGR) for the market between 2017 and 2023. This report explores important historical and current trends, dynamics, and market estimations for the future. Providing market valuations by region-wise analysis and other relevant segmental studies, this report offers country-level analysis for each of the market segments. Presenting a comprehensive analysis of the global adhesive process control market, this report highlights complete and impartial assessment of market by investigating all the facts, historical information, and statistical references. While covering key players in global advanced process control market, it explores their geographical income, growth strategies, M&A activities, market share, new product launch, revenue, segmental share, Strength Weaknesses Opportunities Threats (SWOT) and the latest R&D initiatives.

Modern industries, especially petrochemicals, pharmaceutical and oil & gas deploy process control for optimizing operational techniques. Deployment of advanced process control system is done by a business for more profitability and enhance operational processes. In process industries, advanced processes stabilize big process dead time, control loops and process interactions. With new labor safety & security norms introduced by law and requirement for energy efficient process control solutions, the growth of advanced process control market is inevitable. In past few years, advanced process controls have also improved automation measures into supervision control systems and unique security control systems.

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Major Key Players

• ABB Ltd.,


• Aspen Technology, Inc.,


• Emerson Electric Co.,


• General Electric Co.,


• Honeywell International, Inc.,


• Rockwell Automation, Inc.,


• Rudolph Technologies, Inc.,


• Schneider Electric SE,


• Siemens AG,


• Yokogawa Corporation.

The report offers insights on the leading market players and evaluates their current market share. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives.

According to MRFR, the global Advanced Process Control Market is set to surge at an impressive CAGR of 12.09% between 2017 and 2023. Introduction of new labor safety & security norms and increasing requirement for energy efficient process control solutions are two of the major factors supporting the growth of the market.

Competitive Landscape

The market for Advanced Process Control has attracted a number of industry giants, which include ABB Ltd., Honeywell International Inc., Siemens AG, Emerson Electric Corporation, Aspen Technology Inc. to name a few, who have collectively accounted for more than 51% of the market share of the global market, in 2017. These companies continue to retain their global presence through expansion, merger & acquisition, and extensive product portfolio.

In 2017, ABB Ltd. was the leading player in the market. The company pursued a strategy of product and technology innovation in close collaboration with the end-users by focusing on specialties and system solutions. ABB offers multivariable model predictive control (MPC) and inferential modeling platform to provide better process control and faster disturbance rejection to diverse end-use industries such as oil & gas, petrochemicals, cement and pulp & paper. The company has a strong global presence with close to 1,32,000 working employees. The company has strong corporate as well as government network worldwide, which facilitates in expanding their business as well as in strengthening their market position. This is in line with its strategy of optimizing its product portfolio and structures, according to different regional markets and trends.

Honeywell International Inc. held the second position in terms of market share, in 2017. Honeywell is a well-established multinational conglomerate, offering a wide range of products & services including aerospace products & services, turbochargers, energy efficient product solutions for home and businesses, specialty chemicals, and process technology for petrochemical refineries. The company has around 150 R&D institutes & centers around the globe and has 22,000 engineers working for them globally. For advanced process control, the company offers “OptiComp” software which works as model predictive control, regulatory control, and inferential control solution and predominantly serves oil & gas and petrochemical industries. The company is investing extensively in research & development activities to develop effective solutions to meet the consumer demand.

Siemens AG is a leading technology provider specialized in electrification, automation, and digitalization, acquiring the third spot in terms of market share. Siemens operates through the following reportable - Wind Power and Renewables, Energy Management, Building Technologies, Mobility, Digital Factory, and Process Industries & drives. The company has 3,51,000 working employees around the globe. Based on Advanced process control, the company offers model-predictive multivariable controller and serves refineries, petrochemical, oil & gas, chemical, and pharmaceutical industries. Furthermore, they are continuously acquiring and merging with technology companies to improvise their expertise with innovation. This also increases their physical strength which further is expected to impact the company’s sustainable growth positively.

Emerson Electric Corporation is one of the most competitive players in this market and a leading manufacturer of process control systems, valves, and analytical instruments. Other than the U.S., the company operates through their offices located in China, India, Latin America, and Southeast Asia. The company has focussed on the execution of its strategies without losing focus on its key areas. Emerson focuses on leveraging its investments, technical expertise, and resources to build a strong market position. The company sees its key strategy as focusing on expanding its manufacturing capabilities to enhance efficiency and create new products. With a strong research & development team, they are building a firm market position by expanding their product portfolio, aiming to increase their customer base globally. Furthermore, they are enhancing their corporate network by expanding their business to the untapped geographies and alsocollaborating with industry experts to innovate products that are at par with the customer requirements.

 Aspen Technology Inc. stands the 5th position in the global advanced process control market. Aspen is leading supplier of asset optimization software that optimizes process manufacturing for energy, chemicals, engineering & construction and other industries. The company offers solutions that help to streamline engineering, manufacturing, and supply chain operations. They have been modernizing the field of process modeling, simulation, and optimization. Company’s specialties include asset optimization, asset performance management, machine learning, predictive & prescriptive analytics, and process simulation & modeling, advanced process control, planning & scheduling, manufacturing operations, supply chain management, and digital transformation. The company seeks to identify a new and innovative way to create values and improve customer experiences. The company emphasizes on acquiring other companies, developing innovative approaches, like alliances and partnerships to grow further in the existing market. The company is a global organization and executes significant efforts to grow in the current market.

The global Advanced Process Control market is characterized by the presence of global, regional, and local vendors. The market is highly competitive with all the players competing to gain a larger market share. Increasing competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are the key factors challenging the market growth. The vendors compete based on cost, product quality, reliability, and aftermarket services. It is important for the vendors to provide cost-efficient and high-quality product and services, in order to survive and succeed in a rigorously competitive market environment.

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Intended Audience

• Software Developers


• End-Users


• Government


• Research


• Education


• Distribution vendors


• Technology Innovators

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