Market Research Report
Single Loop Controller Market Type, Display Type (LCD, LED), Panel Cutout Size, Application (Oil & Gas Plants, Petrochemical Plants, Iron & Steel Plants, Power Plants, Chemical Plants), and Geography - Global Forecast to 2024
|Published by||MarketsandMarkets||Product code||854735|
|Published||Content info||114 Pages
Delivery time: 1-2 business days
|Single Loop Controller Market Type, Display Type (LCD, LED), Panel Cutout Size, Application (Oil & Gas Plants, Petrochemical Plants, Iron & Steel Plants, Power Plants, Chemical Plants), and Geography - Global Forecast to 2024|
|Published: May 28, 2019||Content info: 114 Pages||
The single loop controller market was valued at USD 94 million in 2018 and is expected to reach USD 103 million by 2024, at a CAGR of 1.4% from 2019 to 2024. Changing energy trends and increasing demand for alternative energy sources and booming power sector and increasing investments toward power generation projects drives the growth of the market.
Temperature is one of the most important measurement parameters that should be considered during industrial process monitoring and control. The cost-effectiveness of mass production and continuous processes require highly efficient operations due to tight profit margins. This requires monitoring of installed systems and solutions at all the sites with reliable means to collect data and get timely alerts in case something goes wrong.
1/4 DIN controllers are ideal for monitoring and controlling of process variables including temperatures, pressures, and levels in a wide range of applications that include ovens, environmental chambers, packaging machinery and plastic machinery in industries such as pharmaceuticals, power generation, automotive, and biotechnology. These controllers are highly reliable & accurate and significantly improve the efficiency and enhance the quality of a production plant. The 1/4 DIN size panel size saves space, and the panel with this size has an easy-to-operate human-machine interface that provides intuitive and effective control over the process variables.
The adoption of industrial automation solutions in APAC is high due to the growing manufacturing sector in the region. The dense population and growing per capita income of this region, along with large-scale industrialization and urbanization, are the factors driving the growth of the single loop controller market in APAC. The projected potential growth of the region is expected to open opportunities for the growth of the market over the next few years.
In the process of determining and verifying the market size for several segments and subsegments gathered through the secondary research, extensive primary interviews have been conducted with key industry experts in single loop controller marketspace. The break-up of primary participants for the report has been shown below:
The major players in the single loop controller market include: Honeywell (US), ABB (Switzerland), WEST Control Solutions (UK), Eurotherm (UK), Sure Controls (UK), Yokogawa (Japan), Gefran (Italy), OMRON (Japan), Mitsubishi (Tokyo), PSG Plastic Service GmbH (Europe), Azbil Corporation (Japan), and Carotek (US) among others.
This research report categorizes the global single loop controller based on type, display type, panel cutout size, application, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the single loop controller market and forecasts the same till 2024.
The report would help leaders/new entrants in this market in the following ways:
AND AIR CONDITIONING 39
THE DEMAND FOR LED DISPLAY 43
THE GROWTH OF 1/16 DIN SINGLE LOOP CONTROLLER 48
controller market growth in US 65
market growth 65
South America 73
and Africa 73
(Business overview, Products offered, Recent developments, MNM view, SWOT analysis)*
Business overview, Products offered, Recent developments, MNM view, SWOT analysis might not be captured in case of unlisted companies.