Advanced Process Control Market Regional Analysis:
North American Market Insights
Advanced process control market in the North America region is attributed to hold the largest revenue share of about 35% during the forecast period. The demand for industrial automation, the building of new power plants, and significant semiconductor manufacturing sectors are expected to improve North American APC systems. In addition, the country has the largest installed capacity for nuclear power and produces the most nuclear energy worldwide. Thirty-one states and 99 nuclear reactors produce around twenty percent of the country's electricity. It is anticipated that new nuclear reactors will be developed by 2021. As nuclear power facilities become more reliable, there is a noticeable growth in the area's requirement for sophisticated process control systems.
European Market Insights
Advanced process control market in Europe region is projected to hold second the largest revenue share of about 27% during the forecast period. The pulp, paper, oil and gas, chemical, and pharmaceutical sectors in the area also make extensive use of APC systems. The German Chemical Industry Association (VCI) represents approximately 1,700 German chemical enterprises as well as German subsidiaries of international corporations. Furthermore, the UK advanced process control (APC) market was increasing at the highest rate in the European region, while the German market retained the largest advanced process control market share.
