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PID Controller Trends and Forecast
The future of the global PID controller market looks promising with opportunities in the oil and gas, food and beverage, power, and chemical markets. The global PID controller market is expected to reach an estimated $2.62 billion by 2030 with a CAGR of 10.4% from 2024 to 2030. The major drivers for this market are rising need for calculating, eradicating, and providing an effective method to obtain optimal control of systems and increasing adoption of hybrid temperature PID controller.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
PID Controller by Segment
The study includes a forecast for the global PID controller by product, end use, and region.
PID Controller Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Temperature
• Pressure
• Flow
• Motion
PID Controller Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Oil and Gas
• Food and Beverages
• Power
• Chemical
• Others
PID Controller Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of PID Controller Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies PID controller companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the PID controller companies profiled in this report include-
• ABB
• Eurotherm
• OMRON
• Gefran
• Calex Electronics
PID Controller Market Insights
Lucintel forecasts that temperature controller will remain the largest segment over the forecast period due to rising usage of PID temperature controllers in the chemicals and food and beverage industries.
Within this market, oil and gas will remain the largest segment due to rising number of projects for oil and gas production.
North America is expected to witness highest growth over the forecast period due to rising number of power generating plants and increasing adoption of new technologies in the region.
Features of the Global PID Controller Market
Market Size Estimates: PID controller market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: PID controller market size by product, end use, and region in terms of value ($B).
Regional Analysis: PID controller market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, end uses, and regions for the PID controller market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the PID controller market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the PID controller market size?
Answer: The global PID controller market is expected to reach an estimated $2.62 billion by 2030.
Q2. What is the growth forecast for PID controller market?
Answer: The global PID controller market is expected to grow with a CAGR of 10.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the PID controller market?
Answer: The major drivers for this market are rising need for calculating, eradicating, and providing an effective method to obtain optimal control of systems and increasing adoption of hybrid temperature PID controller.
Q4. What are the major segments for PID controller market?
Answer: The future of the PID controller market looks promising with opportunities in the oil and gas, food and beverage, power, and chemical markets.
Q5. Who are the key PID controller market companies?
Answer: Some of the key PID controller companies are as follows:
• ABB
• Eurotherm
• OMRON
• Gefran
• Calex Electronics
Q6. Which PID controller market segment will be the largest in future?
Answer: Lucintel forecasts that temperature controller will remain the largest segment over the forecast period due to rising usage of PID temperature controllers in the chemicals and food and beverage industries.
Q7. In PID controller market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to rising number of power generating plants and increasing adoption of new technologies in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the PID controller market by product (temperature, pressure, flow, and motion), end use (oil and gas, food and beverages, power, chemical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Pid Controller Market, Pid Controller Market Size, Pid Controller Market Growth, Pid Controller Market Analysis, Pid Controller Market Report, Pid Controller Market Share, Pid Controller Market Trends, Pid Controller Market Forecast, Pid Controller Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global PID Controller Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global PID Controller Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global PID Controller Market by Product
3.3.1: Temperature
3.3.2: Pressure
3.3.3: Flow
3.3.4: Motion
3.4: Global PID Controller Market by End Use
3.4.1: Oil and Gas
3.4.2: Food and Beverages
3.4.3: Power
3.4.4: Chemical
3.4.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global PID Controller Market by Region
4.2: North American PID Controller Market
4.2.2: North American PID Controller Market by End Use: Oil and Gas, Food and Beverages, Power, Chemical, and Others
4.3: European PID Controller Market
4.3.1: European PID Controller Market by Product: Temperature, Pressure, Flow, and Motion
4.3.2: European PID Controller Market by End Use: Oil and Gas, Food and Beverages, Power, Chemical, and Others
4.4: APAC PID Controller Market
4.4.1: APAC PID Controller Market by Product: Temperature, Pressure, Flow, and Motion
4.4.2: APAC PID Controller Market by End Use: Oil and Gas, Food and Beverages, Power, Chemical, and Others
4.5: ROW PID Controller Market
4.5.1: ROW PID Controller Market by Product: Temperature, Pressure, Flow, and Motion
4.5.2: ROW PID Controller Market by End Use: Oil and Gas, Food and Beverages, Power, Chemical, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global PID Controller Market by Product
6.1.2: Growth Opportunities for the Global PID Controller Market by End Use
6.1.3: Growth Opportunities for the Global PID Controller Market by Region
6.2: Emerging Trends in the Global PID Controller Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global PID Controller Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global PID Controller Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: ABB
7.2: Eurotherm
7.3: OMRON
7.4: Gefran
7.5: Calex Electronics
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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