PID Controllers - Global Market Trajectory & Analytics

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

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• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
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• Access to a digital archives and Research Platform
• Complimentary updates for one year

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.