Global PID Controller Market 2017-2021

Overview of the global PID controller market

Research analysis on the global PID controller market identifies that the rising need for process efficiency will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will generate a revenue of more than 1.8 billion by 2021. Manufacturing facilities across the world are increasingly utilizing PID controllers to assist in calculating the error value and help in providing actionable data points to enhance the overall efficiency of the process. The increase in efficiency helps in decreasing energy consumption rates and improving the process execution time, which in turn, reduces operational expenses. This results in the significant usage of PID controllers in end-user industries, driving market growth.

In terms of geographic regions, EMEA will be the major revenue contributor of the PID controller market throughout the forecast period. The increasing usage of PID controllers in the oil and gas, food and beverage, and mining industries and the increasing preference for pressure transmitters, will drive the growth of the market in this region.

Competitive landscape and key vendors  

The PID controller market consists of vendors who focus on providing PID temperature controllers since it is the major revenue generator in this market. Technological advancements that led to the development of smart PID and hybrid PID temperature controllers have helped vendors in achieving better sales numbers. With advancements in technology and the development of innovative solutions, the vendors are focusing on distinguishing their products from their competitors?.

The leading vendors in the market are ?

• ABB
• Eurotherm
• Gefran
• OMRON
• Wachendorff Automation

The other prominent vendors in the market are Calex Electronics, Durex Industries, Enfield Technologies, HANYOUNGNUX, Honeywell, Red Lion Controls, RKC Instrument, TOPTICA Photonics, Watlow, West Control Solutions, and Yokogawa.

Segmentation by product and analysis of the PID controller market

• Temperature controller
• Motion controller
• Flow controller
• Pressure controller

During 2016, the temperature controller segment accounted for the major shares of the PID controller market. The increasing usage of  PID temperature controllers in the chemicals and food and beverage industries will be the one of the major factors contributing to the growth of this industry segment in the coming years.

Segmentation by end-user and analysis of the PID controller market

• Oil and gas
• Chemicals
• Food and beverage
• Power

According to this market research report, the oil and gas segment will account for the maximum shares of the PID controller market until 2021. This will mainly attribute to the increasing number of projects for oil and gas production due to the recovery of crude oil prices.

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 PID controller market?
• What are the key market trends impacting the growth of the global PID controller market?
• What are the challenges to market growth?
• Who are the key vendors in the global PID controller market?
• What are the market opportunities and threats faced by the vendors in the global PID controller 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 PID controller market?

Technavio also offers customization on reports based on specific client requirement.

This new report on the global PID controller market is an essential part of the industrial automation portfolio under the fast-growing subdivision like automation. This report aims at estimating the major trends and market drivers that persuade the growth of the automation industry.

Our market research analysis includes primary and secondary research techniques like telephone and online surveys, vendor briefings, webinars, and podcasts, and industry journals and publications to help clients develop active growth strategies and keep up with the frequently changing market landscape. Additionally, vendors such as ABB, Schneider Electric, Wachendorff Automation, and Gefranare are covered under this upcoming industry research report on the global PID controller market.

The upcoming industry report also offers insights into fast-growing segments within the industrial automation industry, including sectors like robotics. Additionally, this report also presents insights into the varying competitive landscape to give clients an accurate picture of the future direction of the industry. Geographies like the Americas, APAC, and EMEA are covered by this report to offer clients the opportunity to identify potential market prospects and expand in niche markets.