North America advanced process control market was valued at US$332.813 million in 2017 and is projected to expand at a CAGR of 9.53% over the forecast period to reach US$574.789 million by 2023. Early adoption of automation across end-use industries in countries like U.S. and Canada makes this region a mature market for advanced process control solutions. High investment in R&D coupled with strict environmental regulations is escalating the demand for APC systems for sustainable production processes. Increasing E&P activities across oil and gas sector in the region will further contribute to the growth of North America Advanced Process Control market during the forecast period.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the North America advanced process control value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the North America advanced process control market.
Major industry players profiled as part of the report are Honeywell International, Inc., Rudolph Technologies, Inc., ABB, and Emerson Co. Ltd among others.
North America advanced process control market has been analyzed through following segments:
Statistical Process Control
Fault Detection and Classification
Oil and Gas
Food and Beverage