Global PID Controller Market: Introduction
- A PID controller is a feedback mechanism for a control loop, which calculates an error value as the difference between a set point and a calculated system parameter. PID stands for proportional–integral–derivative. PID controllers are primarily used for pressure control, temperature control, flow control, and motion control.
- Continuous technological innovations have led to introduction of smart PID controllers and hybrid PID controllers. Both these are more powerful and economical than the conventional PID controllers. In temperature control functions, hybrid PID controllers are being adopted increasingly. In oil & gas and food & beverages sectors, PID controllers are largely used.
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Key Drivers and Restraints of Global PID Controller Market
- The global PID controller market is expected to expand rapidly during the forecast period, owing to growing adoption of and technological innovations in PID controllers. Less power consumption and low costs associated with introduction of hybrid PID controllers are augmenting the demand for these controllers.
- Increased usage of PID controllers in the food & beverages industry is expected to drive the global market for PID controllers during the forecast period
- In addition to these factors, PID controllers gained more traction compared to programmable logic controller (PLC) systems due to their lower cost
- Manufacturing facilities worldwide are increasingly using PID controllers to help in calculating the error value and provide actionable data points to improve the overall process efficiency. Increase in the efficiency helps lower energy consumption levels and improve the execution time of the system. This, in turn, reduces operating costs. This results in extensive use of PID controllers in end-user industries, which drives the global PID controller market.
- A key factor that hampers the global PID controller market is the increasing demand for and adoption of PLC devices led by higher loop-processing capacity of PLC devices and multiple operational capability of an industrial facility. Thus, growing adoption of PLC devices limits the global PID controller market.
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Temperature Controller Segment has Significant Growth Potential
- Based on type, the global PID controller market can be divided into temperature controller, motion controller, flow controller, and pressure controller
- Temperature controller is projected to be the dominating segment of the global market during the forecast period. In the oil & gas sector, temperature controllers are commonly used.
- Increasing usage of PID temperature controllers in industries such as chemical and food & beverages is projected to be a major factor driving the temperature controller segment in the next few years
Markets in Europe and Middle East & Africa to Witness Considerable Growth
- In terms of region, the global PID controller market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Middle East & Africa is expected to dominate the global PID controller market during the forecast period, owing to presence of a large number of manufacturers of PID controllers in the region
- Growing usage of PID controllers in oil & gas, food & beverages, and mining industries and increasing preference for pressure transmitters are likely to drive the market in these regions between 2019 and 2027
- The PID controller market in Asia Pacific is expected to expand at a significant rate throughout the forecast period, owing to continuous technological advancements, rising industrial automation, and rapidly growing semiconductor industry in the region
Key Manufacturers Operating in Global Market
The global PID controller market was highly fragmented in 2018. Key manufacturers operating in the global market are:
- ABB Ltd.
- OMRON Corporation
- Eurotherm (Schneider Electric)
- Red Lion Controls, Inc.
- Calex Electronics Limited
- Durex Industries
- Enfield Technologies
- TOPTICA PHOTONICS
- West Control Solutions
Global PID Controller Market: Research Scope
Global PID Controller Market, by Type
- Temperature Controller
- Flow Controller
- Motion Controller
- Pressure Controller
Global PID Controller Market, by End-use Industry
- Oil & Gas
- Food & Beverages
Global PID Controller Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
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- Latin America
- The Middle East and Africa
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
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