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PID Controllers - Global Market Trajectory & Analytics

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    Report

  • 583 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5030775

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
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.
Frequently Asked Questions about the Global Market for PID Controllers

What is the estimated value of the Global Market for PID Controllers?

The Global Market for PID Controllers was estimated to be valued at $1.5 Billion in 2020.

What is the growth rate of the Global Market for PID Controllers?

The growth rate of the Global Market for PID Controllers is 1.8%, with an estimated value of $1.7 Billion by 2027.

What is the forecasted size of the Global Market for PID Controllers?

The Global Market for PID Controllers is estimated to be worth $1.7 Billion by 2027.

Who are the key companies in the Global Market for PID Controllers?

Key companies in the Global Market for PID Controllers include ABB Ltd., Calex Electronics Limited, Durex Industries, Enfield Technologies, Eurotherm by Schneider Electric, Gefran SPA, HANYOUNGNUX, Honeywell International Inc. and Red Lion Controls, Inc..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • COVID-19 Crisis Triggers Weakness into PID Controllers Market
  • COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Industrial Activity Remains Subdued, Inducing Weakness into PID Controllers Market
  • Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • As Industrial Output Shrinks Amid the COVID-19 Pandemic, Industrial Supplies & Accessories Value Chain Feels the Pain
  • Global Chemical Output Growth Between Dec-2019 to May-2020 (In %)
  • An Introduction to PID Controllers
  • Components of PID Controllers
  • PID Controller Tuning
  • PID Temperature Controllers: A Brief History
  • Manual vs. Automated PID Control of Temperature in Industrial Processes
  • Global PID Controllers Market: Prospects & Outlook
  • World PID Controllers Market by End-Use (2020 & 2027): Percentage Breakdown of Sales for Oil & Gas, Chemical, Food & Beverage, Power, and Other End-Uses
  • Enhancing System Performance when Advanced Algorithms Replace Existing PID Controllers
  • Analysis by Product Type
  • World PID Controllers Market by Product Type (2020 & 2027): Percentage Breakdown of Sales for Temperature Controllers, Motion Controllers, Flow Controllers, and Pressure Controllers
  • Regional Analysis
  • World PID Controllers Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
  • World PID Controllers Market - Geographic Regions Ranked by CAGR (Sales) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Canada, Europe, and Japan
  • Competitive Scenario
  • Recent Market Activity
  • Select Global Brands
  • PID Controllers - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Established Use Case Across Diverse Domains Enhances Market Prospects
  • Oil & Gas: A Major End-Use Sector
  • Global Oil & Gas E&P Industry Spending (2015-2021E)
  • Global Daily Crude Oil Demand in Million Barrels for the Years 2015 through 2020
  • Digital Transformation Drive to Accelerate Uptake
  • Global Digital Transformation Spending (In US$ Trillion) for the Years 2019 through 2023
  • Emphasis on Industrial Automation Augurs Well
  • Industry 4.0 to Give Market Impetus
  • Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
  • Robust Opportunities in Power Sector
  • Rising Importance in Food & Beverages Industry
  • Global Packaged Food Sales in US$ Trillion: 2014-2024
  • Established Use Case in Chemicals Industry
  • Rising Importance of IIoT to Enhance Opportunities
  • Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2022 and 2025
  • Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022
  • Advanced Software for PID Tuning Improves Efficiency
  • Cascaded PID Controllers for Better Results
  • Technology Innovations to Give Impetus to Market Expansion
  • Issues & Challenges
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for PID Controllers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for PID Controllers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for PID Controllers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2021 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Temperature Controllers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Temperature Controllers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 6: World 15-Year Perspective for Temperature Controllers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Motion Controllers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Motion Controllers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 9: World 15-Year Perspective for Motion Controllers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Flow Controllers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Flow Controllers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 12: World 15-Year Perspective for Flow Controllers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Pressure Controllers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for Pressure Controllers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 15: World 15-Year Perspective for Pressure Controllers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 17: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 18: World 15-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for Chemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 20: World Historic Review for Chemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 21: World 15-Year Perspective for Chemical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 22: World Recent Past, Current & Future Analysis for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 23: World Historic Review for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 24: World 15-Year Perspective for Food & Beverage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 25: World Recent Past, Current & Future Analysis for Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 26: World Historic Review for Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 27: World 15-Year Perspective for Power by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 28: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 29: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 30: World 15-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • PID Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • PID Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • PID Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • PID Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • PID Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • PID Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • PID Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • PID Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
AUSTRALIA
  • PID Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • PID Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • PID Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • PID Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • PID Controllers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 133

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