PID Controllers - Global Market Trajectory & Analytics

Global PID Controllers Market to Reach US$ 1.7 Billion by the Year 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 analysis period 2020-2027.Temperature Controllers, one of the segments analyzed in the report, is projected to grow at a 2.6% CAGR to reach US$ 638.8 Million by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Motion Controllers segment is readjusted to a revised 2.3% CAGR for the next 7-year period. This segment currently accounts for a 27.8% share of the global PID Controllers market.



The U.S. Accounts for Over 16.8% of Global Market Size in 2020, While China is Forecast to Grow at a 3.5% CAGR for the Period of 2020-2027

The PID Controllers market in the U.S. is estimated at US$ 246.1 Million in the year 2020. The country currently accounts for a 16.82% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$ 320.8 Million in the year 2027 trailing a CAGR of 3.5% through 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 while Rest of European market (as defined in the study) will reach US$ 320.8 Million by the year 2027.

Flow Controllers Segment Corners a 23.8% Share in 2020

In the global Flow Controllers segment, USA, Canada, Japan, China and Europe will drive the 1.6% 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. 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, while Latin America will expand at a 2% CAGR through the analysis period. The publisher brings years of research experience to this 9th edition of the report. The 292-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Select Competitors (Total 133 Featured):

• ABB Group
• Calex Electronics Limited
• Durex Industries, Inc.
• Enfield Technologies, LLC.
• Eurotherm
• Gefran SpA
• HANYOUNGNUX Co. Ltd.
• Honeywell Process Solutions
• 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

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.