Global Industrial Temperature Controllers Market 2017-2021
- Published: Apr 2017
- Pages: 70
- SKU: IRTNTR12413
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Technavio’s market research analysts have predicted the global industrial temperature controllers market to grow to USD 812.5 million by 2021. It also presents a detailed segmentation of the global market by product (single/multi loop, hybrid, and analog), by end-user (food and beverage, plastics, chemicals, and others), and by geography (the Americas, APAC, and EMEA). This market research report identifies suppliers such as Omron, Eurotherm (Schneider Electric), ABB, and Honeywell to be the key vendors in the global industrial temperature controllers market.
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Overview of the global industrial temperature controllers market
Technavio’s market research analyst predicts the global industrial temperature controllers market is expected to project an impressive revenue of USD 813 by 2021. One of the key drivers for this market is the development of communication capability in temperature controller. There are many advancements in temperature controllers such as the reduction in the size of controllers and in communications it is the ability of the temperature controllers to control them remotely. The communication feature allows the controllers to connect to a computer. Using these computers, the controllers can be programmed to set a temperature point and these can also be used to gather the data and can be used to analyse the functions of the machinery and decisions can be taken based on these inputs. These features of temperature controllers will significantly contribute to the growth of the global industrial temperature controllers market during the forecast period.
In terms of geography, EMEA accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. This growth of the industrial temperature controllers market in the region can be attributed to the high demand from the chemicals and food and beverage sectors. Moreover, the overall exporting and importing of temperature controllers is contributing further to the growth of the industrial temperature controllers market in the region during the next four years.
Competitive landscape and key vendors
The global industrial temperature controllers market is highly consolidated due to the presence of few vendors holding majority of the market share. Hybrid controllers are expected to drive the market in the coming few years. The market is highly saturated, which in turn, will pose a threat to the vendors operating in this market space.
Leading vendors in the market are –
- Omron
- Eurotherm (Schneider Electric)
- ABB
- Honeywell
Other prominent vendors in the industrial temperature controllers market include Watlow, Durex industries, Hanyoung Nux, and RKC instruments.
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Segmentation by product and analysis of the industrial temperature controllers market
- Single/multi loop temperature controller
- Hybrid temperature controller
- Analog temperature controller
During 2016, the single/multiloop temperature controller segment dominated the industrial temperature controllers market and accounted for a major part of the overall market share. The ability of most of the multiloop controllers to work with the help of a communication link which can be connected using an USB, Ethernet or wirelessly depending on the model is one of the major contributors to the dominance of this segment in the global market.
Segmentation by end-user and analysis of the industrial temperature controllers market
- Food and beverage
- Plastics
- Chemicals
In this market study, analysts have estimated the food and beverage sector to dominate the industrial temperature controllers market during the forecast period. The imperative requirement of the food and beverage industry to preserve food items at specific temperatures have contributed significantly to the growth of this segment in the industrial temperature controllers market.
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Key questions answered in the report include:
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global industrial temperature controllers market?
- What are the key market trends impacting the growth of the global industrial temperature controllers market?
- What are the challenges to market growth?
- Who are the key vendors in the global industrial temperature controllers market?
- What are the market opportunities and threats faced by the vendors in the global industrial temperature controllers market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global industrial temperature controllers market?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by product
- Market Segmentation of temperature controller market
- Single loop and multi loop temperature controllers.
- Hybrid temperature controller market 2017-2021 ($ million)
- Analog temperature controller market 2017-2021 ($ million)
PART 07: Market segmentation by end-user
- Market segmentation by end user
- Food and beverage
- Plastics
- Chemicals
- Others
PART 08: Geographical segmentation
- Based on geography the global temperature controller market is divided into EMEA, APAC and Americas.
- EMEA
- APAC
- AMERICAS
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
- Competitive landscape
- Other prominent vendors
PART 15: Key vendor analysis
PART 16: Appendix
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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