Connect with us

Technology

Advanced Process Control (APC) Market to Reach $5.3 billion, Globally, by 2033 at 9% CAGR: Allied Market Research

Published

on

The advanced process control (APC) market growth is driven by rise in need for industries to enhance process efficiency, reduce operational costs, and ensure product consistency. Technological advancements in artificial intelligence (AI), machine learning (ML), and data analytics are enabling smarter, real-time decision-making, further accelerating the market growth. The growing emphasis on energy efficiency, sustainability, and regulatory compliance across industries such as chemicals, oil & gas, and pharmaceuticals, is also driving the demand for APC solutions. In addition, the shift towards automation and smart manufacturing, particularly with Industry 4.0, is fueling widespread adoption of APC systems globally.

WILMINGTON, Del., March 4, 2025 /PRNewswire/ — Allied Market Research published a report, titled, “Advanced Process Control (APC) Market by Component (Hardware, Software, and Services), Technology (Advanced Regulatory Control (ARC), Multivariable Model Predictive Control (MPC), Sequential Control, Inferential Control, and Compressor Control), and End user (Oil and Gas, Food and Beverages, Pharmaceuticals, Power, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the “Advanced Process Control (APC) market” was valued at $2.3 billion in 2023, and is estimated to reach $5.3 billion by 2033, growing at a CAGR of 9% from 2024 to 2033.

Download Research Report Sample & TOC: https://www.alliedmarketresearch.com/request-sample/A34949 

(We are providing report as per your research requirement, including the Latest Industry Insight’s Evolution, and Potential) 

122-Tables 82-Charts 333-Pages 

Prime determinants of growth

The Advanced Process Control (APC) market is expected to witness notable growth owing to increase in demand for automation in industries such as oil & gas, chemical, and manufacturing, where precision and efficiency are critical. Moreover, rise in use of IOT in industrial automation is expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, high cost of the system limits the growth of the market.

Report coverage & details:

Report Coverage

Details

Forecast Period

2024–2033

Base Year

2023

Market Size in 2023

$2.3 billion

Market Size in 2033

$5.3 billion

CAGR

9 %

No. of Pages in Report

333

Segments Covered

Components, Technology, End User, and Region

 

Drivers

 

 Increase in Demand for Automation Solutions across Various Industries Rise in Safety and Security Concerns Rise in Adoption of Industry 4.0 Technologies

 

Opportunity

Adoption in Renewable Energy Sector

Restraint

High Implementation Costs

The Software segment held the highest market share in terms of revenue in 2023.

On the basis of component, the software segment held the highest market share in 2023, accounting for more than half of the market revenue and is estimated to maintain its leadership status during the forecast period, owing to rise in demand for real-time monitoring, process optimization, and advanced analytics capabilities. The software solutions enable seamless integration with various industrial systems, improving decision-making, enhancing operational efficiency, and reducing downtime. Moreover, advancements in machine learning, artificial intelligence, and data analytics are driving the adoption of software-based APC solutions, further fueling their market dominance.

Get Customized Reports with your Requirements: https://www.alliedmarketresearch.com/request-for-customization/A34949 

The multivariable model predictive control (MPC) segment is expected to dominate during the forecast period.

On the basis of technology, the multivariable model predictive control (MPC) segment is projected to a the attain the highest CAGR of 10.7% from 2024 to 2033, owing to rise in need for more accurate and efficient control of complex, multivariable processes. MPC’s ability to optimize process performance, reduce operational costs, and enhance product quality in real-time across industries such as chemicals, oil & gas, and pharmaceuticals is driving its increasing adoption.

The oil and gas segment held the highest market share in terms of revenue in 2024.

On the basis of the end user, oil and gas segment held the highest market share in terms of revenue in 2023, accounting for more than one-third of the market revenue owing to the industry’s rise in need for enhanced operational efficiency, safety, and real-time monitoring of complex processes. The oil and gas sector requires advanced control systems to optimize production, minimize downtime, ensure compliance with regulations, and improve overall resource management. APC solutions help in optimizing refining processes, reducing energy consumption, and enhancing the performance of critical infrastructure, driving the adoption of APC technologies in this sector.

North America held the highest market share in terms of revenue in 2023.

On the basis of the region, North America, held the highest market share in terms of revenue in 2023, accounting for more than one-third of the market revenue owing to the strong presence of key industry players, increase in adoption of Industry 4.0 technologies, and significant investments in automation across various sectors such as oil & gas, chemicals, and manufacturing. In addition, the region’s focus on energy efficiency, regulatory compliance, and sustainability, along with advancements in AI and machine learning, has driven the demand for advanced process control solutions.

Inquiry before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A34949 

Leading Market Players: –

General Electric CompanySiemens AGABB Ltd.Rockwell Automation Inc.Honeywell International Inc.Onto Innovation, Inc.Yokogawa Electric CorporationEmerson Electric CorporationSchneider ElectricSAP SE

The report provides a detailed analysis of these key players in the Advanced Process Control (APC) market. These players have adopted different strategies such as product launch, product development, partnership, investment, acquisition, and others to increase their market share and maintain dominant shares in different regions. For instance, in March 2024, Yokogawa Electric Corporation announced the launch of OpreX Robot Management Core, a software application designed to integrate and manage various mobile robots performing plant maintenance tasks traditionally handled by humans. This solution aims to enhance safety and efficiency in manufacturing operations by enabling unified control of different robot types and facilitating the initial steps toward autonomous plant operations.

Procure Complete Report (333 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/advanced-process-control-market.html

Advanced Process Control (APC) Market Segmentation

By Component:

HardwareSoftwareServices

By Technology:

Advanced Regulatory Control (ARC)Multivariable Model Predictive Control (MPC)Sequential ControlInferential ControlCompressor Control

By End User:

Oil and GasFood and BeveragesPharmaceuticalsPowerOthers

By Region:

North America: U.S., Canada, MexicoEurope: Germany, France, U.K., Rest of EuropeAsia-Pacific: China, Japan, India, South Korea, Rest of Asia-PacificLAMEA: Latin America, Middle East, Africa

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world’s largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements. 

Access AVENUE – A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) @ https://www.alliedmarketresearch.com/library-access

Trending Reports in Semiconductor and Electronics Industry: 

The global 3d surveillance software market is growing at a CAGR of 7% from 2022 to 2031.

The Global LiDAR Market is growing at a CAGR of 21.3% from 2022 to 2031

The global electric vehicle sensor market is growing at a CAGR of 15.1% from 2022 to 2031.

The Global Safety Laser Scanner Market is growing at a CAGR of 6.9% from 2022 to 2031

The Global Quantum AI Market is growing at a CAGR of 36.6% from 2024 to 2032.

The U.S. cables and wires for aerospace and defense market is registering a CAGR of 3.9% from 2024 to 2032.

The Global Electronic Components Market is growing at a CAGR of 6.9% from 2024 to 2032.

About Us: 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

Contact:
David Correa 
1209 Orange Street, 
Corporation Trust Center, 
Wilmington, New Castle, 
Delaware 19801 USA. 
Int’l: +1-503-894-6022 
Toll Free: +1-800-792-5285 
UK: +44-845-528-1300 
India (Pune): +91-20-66346060 
Fax: +1-800-792-5285 
help@alliedmarketresearch.com 

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/advanced-process-control-apc-market-to-reach-5-3-billion-globally-by-2033-at-9-cagr-allied-market-research-302391379.html

Continue Reading

Technology

Chelsea FC announces multi-year sleeve partnership with Sokin, the business payments and FX platform

Published

on

By

Chelsea FC name fast-growing fintech platform as Principal Partner

LONDON, Oct. 23, 2026 /PRNewswire/ — Chelsea Football Club has today announced a multi-year partnership with Sokin, the embedded finance and payments company used by businesses worldwide. Sokin will be named a Principal Partner and Official Business Payments and FX Partner of Chelsea FC and Chelsea FC Women.

As a Principal Partner, Sokin will be represented on the sleeves of the Chelsea FC men’s, women’s and academy home, away, and third kits from the 2026/27 season.

The partnership brings together two ambitious London-headquartered organisations with worldwide reach – a club with millions of fans across the world and a fintech platform through which businesses move more than $11 billion a year. A club of Chelsea’s scale works in many currencies every day, with partners, competitions and supporters around the world, and needs a financial partner built to handle that.

Sokin gives finance teams business payments, multi-currency accounts, foreign exchange, checkout and treasury in one place, so they spend less time juggling banks and providers and keep more of what they move.

As Official Business Payments and FX Partner, Sokin will simplify how Chelsea FC sends, receives and manages money in the currencies the club operates in.

The Sokin logo will feature on the sleeve of the Chelsea shirt for the first time [when the men’s team host Tottenham Hotspur at Stamford Bridge on Saturday 24th October.]

Jason Gannon, President at Chelsea FC said:

“At Chelsea, we seek to partner with organisations that share our ambition and innovative mindset. Sokin’s expertise in business payments, and their focus on making both simpler for the businesses they serve, makes them a natural fit for the Club. We are pleased to welcome Sokin to the Chelsea family and look forward to working together in the years ahead.”

Vroon Modgill, CEO and founder at Sokin said:

“Chelsea plays on the biggest stage in world football, and its business runs in dozens of currencies. Sokin was built for that with regulated, multi-currency payments and foreign exchange for organisations that operate internationally. We’re proud to be the platform behind the business payments and FX of one of the most iconic teams in football. Sokin’s platform serves businesses in more than 170 countries. We’re thrilled to be partners for the season ahead. An organisation as sophisticated as Chelsea doesn’t leave its finances to chance.”

About Sokin

Sokin is the financial layer global business runs on. Businesses can transact, convert and hold money in 70+ currencies across 170+ countries. Some businesses use Sokin to manage global finance in-house. Others build it into their products to power financial experiences for their customers. Businesses move more than $9 billion a year on licenses Sokin holds in 36+ countries and infrastructure Sokin owns. Founded in 2019, Sokin has raised over $100 million from investors including Morgan Stanley Expansion Capital and Prysm Capital.

About Chelsea Football Club

Chelsea Football Club is one of the biggest, most successful football clubs globally and our men’s team are reigning world champions, having won the four-yearly FIFA Club World Cup in 2025. Our women’s team, Chelsea Women, are also multiple trophy winners.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has won the Premier League five times, the FA Cup eight times, the Football League Cup five times and the Football League Championship once, in 1955.

The Chelsea Women’s team have enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup four times as well as reaching the UEFA Women’s Champions League final in 2021. In two seasons, 2020/21 and 2024/25, a domestic treble of trophies was secured.

The Chelsea Foundation boasts one of the most extensive community initiatives in sport, helping to improve the lives of children and young people all over the world.

Media Contacts:

Taina Biggs
taina.biggs@sokin.com 

Nerissa Chesterfield
nerissa.chesterfield@chelseafc.com 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/chelsea-fc-announces-multi-year-sleeve-partnership-with-sokin-the-business-payments-and-fx-platform-302918466.html

Continue Reading

Technology

Amy Johnson Appointed President of GDIT

Published

on

By

RESTON, Va., Oct. 23, 2026 /PRNewswire/ — General Dynamics (NYSE:GD) announced today that Amy Johnson has been appointed as president of GDIT, effective November 3.

Johnson is a 27-year veteran of General Dynamics Mission Systems, where she held increasingly senior roles in engineering, engineering management and business leadership across cybersecurity, defense electronics, space and intelligence systems, most recently as vice president and general manager for Space, Cyber and Intelligence. She earned bachelor’s and master’s degrees in computer science and computer systems engineering. 

“Amy has a proven track record of leading teams to solve complex and highly technical challenges for our customers,” said Phebe Novakovic, CEO of General Dynamics. “I am confident that her dynamic leadership, operational rigor and deep commitment to our values and culture will deliver value to our customers, employees and shareholders.”

GDIT delivers digital modernization, cloud computing, artificial intelligence, cybersecurity and software development solutions to the U.S. federal government, defense, intelligence agencies and other customers. It is a business unit of General Dynamics, a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at gd.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/amy-johnson-appointed-president-of-gdit-302918411.html

SOURCE General Dynamics

Continue Reading

Technology

Yazan Al Homsi Invests US$500,000 in Toronto Drone Maker Arcanus Aerial Systems

Published

on

By

Private investment comes as Arcanus builds out Canadian manufacturing capacity for autonomous aerial systems

DUBAI, UAE, Oct. 23, 2026 /PRNewswire/ — Yazan Al Homsi, a UAE-based investor and managing partner of Catalyst Communications DMCC, has invested US$500,000 in Arcanus Aerial Systems Inc., a Toronto-headquartered developer and manufacturer of unmanned aerial systems for defence, public safety and critical infrastructure customers. Al Homsi is an investor only and holds no operational, advisory or board role with the company. Other terms were not disclosed.

Arcanus is a Canadian-controlled company. It currently lists more than 15 platforms across heavy-lift, intelligence, surveillance and reconnaissance (ISR), cargo, strike and counter-drone missions. According to the company, its published line-up includes:

AB 516e: a long-endurance vertical take-off fixed-wing aircraft rated for three hours of flight.AE 401: a counter-drone interceptor with a top speed of 300 km/h.AC 5250: a cargo platform with a 250 kg payload and a range of more than 2,300 km.

Alongside defence, Arcanus markets its systems for wildfire detection, search and rescue, Arctic sovereignty, border and maritime patrol, and pipeline and power line monitoring.

The company has spent 2026 assembling its domestic production base. In April, Arcanus signed a binding term sheet with Portugal-based Beyond Vision, granting it rights to manufacture, commercialize and support Beyond Vision’s unmanned aerial systems in Canada.

In June, Arcanus announced a five-year agreement appointing FeralX Systems Inc. as a non-exclusive Canadian contract manufacturer for several of its platforms.

“Canada has the engineering talent to build these systems at home, and recent years have shown how much depends on having that capacity domestically,” said Yazan Al Homsi. “What stood out to me about Arcanus was the manufacturing groundwork already in place: licensing, a production partner, and a range of aircraft that serves wildfire crews and search-and-rescue teams alongside defence customers.”

About Yazan Al Homsi

Yazan Al Homsi is a UAE-based investor and managing partner of Catalyst Communications DMCC, which he founded in Dubai in 2018. He was previously based in Vancouver, where he founded Founders Round Capital in 2017 and built a track record of investments in early-stage and small-cap companies. He earned a finance degree from McGill University in 2004 and holds the Chartered Financial Analyst designation. Before turning to investing, he spent more than a decade with PricewaterhouseCoopers in the Middle East, rising to director and focusing on transaction due diligence and valuation.

Media Contact
Catalyst Communications DMCC
catalyst-wire@protonmail.com

View original content:https://www.prnewswire.com/news-releases/yazan-al-homsi-invests-us500-000-in-toronto-drone-maker-arcanus-aerial-systems-302918414.html

SOURCE Yazan Al Homsi

Continue Reading

Trending