Global PID Controllers Market to Reach $1.7 Billion by 2027
Amid the COVID-19 crisis, the global market for PID Controllers estimated at US$1.5 Billion in the year 2020, is projected to reach a revised size of US$1.7 Billion by 2027, growing at a CAGR of 2.2% over the period 2020-2027. Temperature Controllers, one of the segments analyzed in the report, is projected to record a 2.6% CAGR and reach US$638.8 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Motion Controllers segment is readjusted to a revised 2.3% CAGR for the next 7-year period.The U.S. Market is Estimated at $246.1 Million, While China is Forecast to Grow at 3.5% CAGR
The PID Controllers market in the U.S. is estimated at US$246.1 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$320.8 Million by the year 2027 trailing a CAGR of 3.5% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 1.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$222.3 Million by the year 2027.Flow Controllers Segment to Record 1.7% CAGR
In the global Flow Controllers segment, USA, Canada, Japan, China and Europe will drive the 1.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$257.3 Million in the year 2020 will reach a projected size of US$287.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 2% CAGR through the analysis period.Select Competitors (Total 133 Featured)
- ABB Ltd.
- Calex Electronics Limited
- Durex Industries
- Enfield Technologies
- Eurotherm by Schneider Electric
- Gefran SPA
- HANYOUNGNUX
- Honeywell International Inc.
- OMRON Corporation
- Red Lion Controls, Inc.
- RKC Instrument Inc.
- TOPTICA Photonics AG
- Wachendorff Automation GmbH & Co. KG
- Watlow Electric Manufacturing Company
- West Control Solutions
- Yokogawa Electric Corporation
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to a digital archives and Research Platform
- Complimentary updates for one year
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Report Attribute | Details |
---|---|
No. of Pages | 583 |
Published | October 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 1.5 Billion |
Forecasted Market Value ( USD | $ 1.7 Billion |
Compound Annual Growth Rate | 1.8% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
IV. COMPETITION
Companies Mentioned
A selection of companies mentioned in this report includes:
- ABB Ltd.
- Calex Electronics Limited
- Durex Industries
- Enfield Technologies
- Eurotherm by Schneider Electric
- Gefran SPA
- HANYOUNGNUX
- Honeywell International Inc.
- OMRON Corporation
- Red Lion Controls, Inc.
- RKC Instrument Inc.
- TOPTICA Photonics AG
- Wachendorff Automation GmbH & Co. KG
- Watlow Electric Manufacturing Company
- West Control Solutions
- Yokogawa Electric Corporation