MarketResearchNest.com adds “Global PID Controller Market 2017-2021” new report to its research database. The report spread across 69 pages with table and figures in it.
Research analysts forecast the global PID controller market to grow at a CAGR of 2.53% during the period 2017-2021.
About PID Controller
Proportional–Integral–Derivative (PID) controllers are mainly used to calculate the error values and control and regulate parameters such as pressure, temperature, motion, and flow. Simple functions and cost advantage over PLC devices are major advantages for PID controllers in the industrial sector. PID controllers used for temperature controlling, pressure controlling, motion controlling, and flow controlling are considered for estimating the market.
Covered in this report
The report covers the present scenario and the growth prospects of the global PID controller market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
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The market is divided into the following segments based on geography:
Technavio’s report, Global PID Controller Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global PID Controller Market 2017-2021
Technavio recognizes the following companies as the key players in the global PID controller market: ABB, Eurotherm, Gefran, OMRON, and Wachendorff Automation.
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.
Commenting on the report, an analyst from Research team said: “One trend in the market is use of hybrid temperature controllers for temperature controlling functions. Hybrid temperature controllers have a high loop-processing capacity and the time required to execute the programs is also less compared with other temperature controller devices. Many end-user industries prefer these hybrid controllers, as these are economical and can perform some of the functions of a PLC. These controllers are more efficient than normal PID-based temperature controllers.”
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According to the report, one driver in the market is low price of PID controllers. The prices of PID controllers are lower when compared with PLC devices. The time required to execute loop functions and the efficiency of PLCs are comparatively better than PID controllers. However, one of the major reasons for the growth in demand for PID controllers is their low price, which is preferred by many end-users. Therefore, PID controllers are considered as an economical choice for many purposes by end-users, whereas PLC devices are used for higher functions.
Further, the report states that one challenge in the market is high demand for PLC devices. Due to higher loop processing capacity and functions of PLC controllers, many end-users have started preferring these over normal PID controllers, which is having a negative impact on the global PID controller market. Temperature controllers account for the majority of the revenue for PID controllers and PLC are implemented along with sensors for faster response and integration with other control parameters in the process. PLCs can perform many functions within an industrial facility, thereby eliminating the use of other controllers such as PID controllers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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Mr. Jeet Jain