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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.
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 –
Other prominent vendors in the industrial temperature controllers market include Watlow, Durex industries, Hanyoung Nux, and RKC instruments.
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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.
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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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
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
PART 15: Key vendor analysis
PART 16: Appendix
Tags: temperature transmitter, temperature measurement, plc controller, plc programming, automation market analysis, automation market share,
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