PID Controller Market
PID Controller Market Global Industry Assessment & Forecast
#
Pages:
151
2021
Nov - 2021
VMR-2021-0321
Segments Covered
By
Type Temperature controller, Motion controller.Flow controller, Pressure controller
-
By
Application Oil and gas, Chemicals, Food and beverage, Power, Others
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
1.5 Billion |
 Revenue 2028:
|
1.7 Billion |
 Revenue CAGR
(2021 - 2028): |
2.2 |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
The report delivers an acute breakdown of the market based on various segments such as Type, Application and region. This study comprises the market size in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities.
On the basis of Type, the market is divided into Temperature controller,Motion controller.Flow controller, Pressure controller. Temperature Controlled is expected to dominate the market and is projected to grow at a noteworthy CAGR within the forecast period.
Based on Application, the market is divided into Oil and gas, Chemicals, Food and beverage, Power, Others. Oil & Gas attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Global PID Controller Market: Type Segment Analysis
-
- Temperature controller
- Motion controller.Flow controller
- Pressure controller
Global PID Controller Market: Application Segment Analysis
-
- Oil and gas
- Chemicals
- Food and beverage
- Power
- Others
FAQ
Frequently Asked Question
What is the global demand for PID Controller in terms of revenue?
-
The global PID Controller valued at 1.5 Billion in 2020 and is expected to reach 1.7 Billion in 2028 growing at a CAGR of 2.2%.
Which are the prominent players in the market?
-
The prominent players in the market are RKC Instrument, TOPTICA Photonics, HANYOUNGNUX, Gefran, Durex Industries, Red Lion Controls, Eurotherm, Calex Electronics, OMRON, Wachendorff Automation, Enfield Technologies, Honeywell, ABB..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 2.2% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the PID Controller include
- Enhancing performance helps reduce energy expenditure and improves the process execution time thus decreases the operational costs of the compan is driving factor of PID Controller Market.
- Rise in demand for PLC devices due to their costlier loop processing function and multiple operative abilities which is another driving factor for PID Controller Market.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the PID Controller in 2020.
