Elevating the Single Loop Controller Market via Operational Excellence and Product Integrity | Insights by Future Market Insights
In 2023, the single loop controller market is expected to grow to a value of more than US$ 101.3 million. By 2033, it’s expected to be valued at US$ 170.0 million. From 2023 to 2033, the market is expected to grow at a CAGR of 5.3%.
In industrial automation systems, single-loop controllers
are frequently used to regulate temperature, pressure, flow, and level
variables. Single loop controllers are in huge demand since automation
continues to be adopted widely across a range of sectors to manage and maintain
flawless process parameters.
Single loop controllers allow for setup and personalization
attributes, which increases their adoption across industries. These controllers
are an excellent tool for a variety of applications across various industries
since they are easily programmable and customizable according to unique process
requirements.
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Many complex and feature-rich single-loop controllers have
emerged as a result of technological advancements, which are contributing to
the market’s expansion. These improved controllers provide enhanced precision,
quick reaction times, sophisticated control algorithms, and integration with
digital communication protocols.
Asia Pacific is predicted to dominate the global market,
with China leading the region’s growth. Automation and control system
technology has advanced significantly in China. The single-loop controller
market in China has grown as a result of the emergence of sophisticated control
algorithms, sensor technologies, and digital platform integration.
Control systems are necessary for the effective functioning
of China’s advancing infrastructure development projects, including its
transportation networks, power plants, and smart cities. Single loop
controllers are essential in these infrastructure projects for controlling
numerous parameters.
Key Takeaways:
- The
global single-loop controller industry size developed at a CAGR of 2.1%
from 2018 to 2022.
- In
2018, the global market size stood at US$ 91.0 million.
- The
global market size valued at US$ 99.0 million in 2022.
- The
oil and gas plants segment is predicted to expand at 4.9% CAGR from 2023
to 2033.
- The
temperature controller segment is anticipated to thrive at a CAGR of 5.1%
during the forecast period.
- The
single loop controller market in China is predicted to register a 6.7%
CAGR during the forecast period.
- The
market in Japan is estimated to expand at 5.5% CAGR during the forecast
period.
- The
market in the United States for single-loop controllers is projected to
expand at 3.7% CAGR from 2023 to 2033.
Key Players Operating in the Global Market
- ABB
Ltd.
- Honeywell
International PLC
- WEST
Control Solutions
- Sure
Controls Inc.
- Eurotherm
Limited
- Yokogawa
Electric Corporation
- OMRON
Corporation
- Gefran
S.p.A.
- Mitsubishi
Motors Corporation
- Azbil
Corporation
- PSG
Plastic Service GmbH
- Carotek
Inc.
- Others
Single Loop Controller Market Segmentation:
By Type:
- Temperature
Controller
- Service
- Level
Controllers
By Display Type:
- LCD
- LED
By Panel Cutout Size:
- ¼ Din
- 1/8
Din
- 1/16
Din
- 1/32
Din
By Application:
- Oil
and Gas Plants
- Petrochemical
Plants
- Power
Plants
- Chemical
Plants
- Iron
and Steel Plants
- Others
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