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PID Controllers - Global Market Trajectory & Analytics

  • ID: 5030775
  • Report
  • January 2021
  • Region: Global
  • 379 pages
  • Global Industry Analysts, Inc
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.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • COVID-19 Crisis Triggers Weakness into PID Controllers Market
  • EXHIBIT 1: 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
  • EXHIBIT 2: Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
  • EXHIBIT 3: 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
  • EXHIBIT 4: 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
  • EXHIBIT 5: 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
  • EXHIBIT 6: 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
  • EXHIBIT 7: World PID Controllers Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
  • EXHIBIT 8: 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
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
  • EXHIBIT 9: Global Oil & Gas E&P Industry Spending (2015-2021E)
  • EXHIBIT 10: Global Daily Crude Oil Demand in Million Barrels for the Years 2015 through 2020
  • Digital Transformation Drive to Accelerate Uptake
  • EXHIBIT 11: 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
  • EXHIBIT 12: 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
  • EXHIBIT 13: Global Packaged Food Sales in US$ Trillion: 2014-2024
  • Established Use Case in Chemicals Industry
  • Rising Importance of IIoT to Enhance Opportunities
  • EXHIBIT 14: Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2022 and 2025
  • EXHIBIT 15: 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

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 286
Note: Product cover images may vary from those shown
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