Advanced process control market showing strong growth
Future Market Insights projects the advanced process control (APC) market will grow more than 9% between 2022 to 2032.
Advanced Process Control Insights
- The industrial automation industry, which includes advanced process control (APC), is expected to have a positive outlook through 2022 and beyond.
- COVID-19 had a negative effect on the APC market, but the rise of automation and fewer restrictions from lockdown have helped accelerate the market’s growth.
The constant rise in growing demand from users and adoption of best practices to improve the production and quality along with advance automation & process controls has led to significant growth in the advance process control (APC) market.
Future Market Insights’ upcoming report on the global Advanced Process Control market uncovers hidden opportunities and potential threats. The report covers the APC market through a detailed segmentation on its key growth drivers, opportunities, restraints and challenges expected to prevail the market in the upcoming years. According to FMI, the industrial automation industry is expected to have a positive outlook through 2022 and beyond. Increasing usage of machines and demand for high quality products in various industries coupled with installation of smart devices in the machinery are some of the factors propelling the growth of APC market in industrial automation industry.
Industries are implementing the automation to increase the productivity and reduce labor costs. The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2022.
Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2022. However, with relaxation in lockdown, the APC market has picked up the pace.
The FMI’s recent report talks about the market scenario in the chapter on the COVID-19 impact analysis to aid the market players for the upcoming years. The report gives a detailed market analysis surrounding the market condition and its impact on the APC market.
– Edited from a Future Market Insights’ press release by CFE Media and Technology.