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Single Loop Controller Market Type, Display Type (LCD, LED), Panel Cutout Size, Application (Oil & Gas Plants, Petrochemical Plants, Iron & Steel Plants, Power Plants, Chemical Plants), and Geography - Global Forecast to 2024

May 2019 | 114 pages | ID: S1DEE7E37AAEN
MarketsandMarkets

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“Single loop controller market projected to grow at 9.3% CAGR during 2019–2024”

The single loop controller market was valued at USD 94 million in 2018 and is expected to reach USD 103 million by 2024, at a CAGR of 1.4% from 2019 to 2024. Changing energy trends and increasing demand for alternative energy sources and booming power sector and increasing investments toward power generation projects drives the growth of the market.

“Temperature Controller segment to grow at the highest CAGR between 2019 and 2024”

Temperature is one of the most important measurement parameters that should be considered during industrial process monitoring and control. The cost-effectiveness of mass production and continuous processes require highly efficient operations due to tight profit margins. This requires monitoring of installed systems and solutions at all the sites with reliable means to collect data and get timely alerts in case something goes wrong.

“1/4 DIN held the largest market share of single loop controller market in terms of panel cutout size in 2019”

1/4 DIN controllers are ideal for monitoring and controlling of process variables including temperatures, pressures, and levels in a wide range of applications that include ovens, environmental chambers, packaging machinery and plastic machinery in industries such as pharmaceuticals, power generation, automotive, and biotechnology. These controllers are highly reliable & accurate and significantly improve the efficiency and enhance the quality of a production plant. The 1/4 DIN size panel size saves space, and the panel with this size has an easy-to-operate human-machine interface that provides intuitive and effective control over the process variables.

“APAC to grow at the highest CAGR during the forecasted period”

The adoption of industrial automation solutions in APAC is high due to the growing manufacturing sector in the region. The dense population and growing per capita income of this region, along with large-scale industrialization and urbanization, are the factors driving the growth of the single loop controller market in APAC. The projected potential growth of the region is expected to open opportunities for the growth of the market over the next few years.

In the process of determining and verifying the market size for several segments and subsegments gathered through the secondary research, extensive primary interviews have been conducted with key industry experts in single loop controller marketspace. The break-up of primary participants for the report has been shown below:
  • By Company Type: Tier 1 – 40%, Tier 2 – 25%, and Tier 3 – 35%
  • By Designation: C-level Executives – 45%, Directors – 25%, and Others – 30%
  • By Region: North America – 55%, Europe – 20%, APAC – 15%, RoW – 10
The major players in the single loop controller market include Honeywell (US), ABB (Switzerland), WEST Control Solutions (UK), Eurotherm (UK), Sure Controls (UK), Yokogawa (Japan), Gefran (Italy), OMRON (Japan), Mitsubishi (Tokyo), PSG Plastic Service GmbH (Europe), Azbil Corporation (Japan), and Carotek (US) among others.

Research Coverage:

This research report categorizes the global single loop controller based on type, display type, panel cutout size, application, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the single loop controller market and forecasts the same till 2024.

Key Benefits of Buying the Report

The report would help leaders/new entrants in this market in the following ways:

1. This report segments the single loop controller market comprehensively and provides the closest market size projection for all subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.
3. The report helps stakeholders to understand the value-chain of single loop controller market along with recent case studies.
4. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes product launch, acquisition, collaboration, expansion, and partnership.
1 INTRODUCTION

1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.3 STUDY SCOPE
  1.3.1 MARKETS COVERED
  1.3.2 GEOGRAPHIC SCOPE
  1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
  2.1.1 SECONDARY DATA
    2.1.1.1 Key data from secondary sources
  2.1.2 PRIMARY DATA
    2.1.2.1 Key data from secondary sources
    2.1.2.2 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
  2.2.1 BOTTOM-UP APPROACH
  2.2.2 TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE MARKET OPPORTUNITIES IN SINGLE LOOP CONTROLLER MARKET
4.2 SINGLE LOOP CONTROLLER MARKET, BY TYPE
4.3 SINGLE LOOP CONTROLLER MARKET, BY DISPLAY TYPE
4.4 SINGLE LOOP CONTROLLER MARKET, BY PANEL CUTOUT SIZE
4.5 SINGLE LOOP CONTROLLER MARKET, BY REGION AND APPLICATION
4.6 SINGLE LOOP CONTROLLER MARKET, BY REGION

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
  5.2.1 DRIVERS
    5.2.1.1 Changing energy trends and increasing demand for unconventional energy sources
    5.2.1.2 Booming power sector and increasing investments toward power generation projects
  5.2.2 RESTRAINTS
    5.2.2.1 High initial cost of automating manufacturing plants and requirement for huge capital for system maintenance and modification
    5.2.2.2 Stagnant growth of oil & gas industry
  5.2.3 OPPORTUNITIES
    5.2.3.1 Changing trends of manufacturing industry in Middle East
  5.2.4 CHALLENGES
    5.2.4.1 Stagnant industrial growth in developed countries in North America and Europe

6 SINGLE LOOP CONTROLLER MARKET, BY TYPE

6.1 INTRODUCTION
6.2 TEMPERATURE CONTROLLERS
  6.2.1 OIL & GAS INDUSTRY EXPECTED TO BE THE LARGEST ADOPTER OF TEMPERATURE CONTROLLERS
6.3 PRESSURE CONTROLLERS
  6.3.1 PRESSURE PLAYS A VITAL ROLE IN PROCESSES SUCH AS BOILING, CHEMICAL REACTION, DISTILLATION, EXTRUSION, VACUUMING, AND AIR CONDITIONING
6.4 LEVEL CONTROLLERS
  6.4.1 LEVEL CONTROLLERS ARE LARGELY USED IN PETROCHEMICAL PLANTS AND OIL & GAS PLANTS TO MAITAIN THE LIQUID LEVEL INSIDE THE VESSEL

7 SINGLE LOOP CONTROLLER MARKET, BY DISPLAY TYPE

7.1 INTRODUCTION
7.2 LCD
  7.2.1 LCD DISPLAY TYPE IS LARGELY USED FOR SINGLE LOOP CONTROLLER
7.3 LED
  7.3.1 HIGH EFFICIENCY AND LOW ENERGY CONSUMPTION DRIVES THE DEMAND FOR LED DISPLAY

8 SINGLE LOOP CONTROLLER MARKET, BY PANEL CUTOUT SIZE

8.1 INTRODUCTION
8.2 1/4 DIN
  8.2.1 SMALL SIZE DRIVES THR ADOPTION OF ? DIN SINGLE LOOP CONTROLLERS
8.3 1/8 DIN
  8.3.1 1/8 DIN SINGLE LOOP CONTROLLERS ARE LARGELY USED IN FOOD & BEVERAGE INDUSTRY
8.4 1/16 DIN
  8.4.1 ADVANCE TUNING AND AUTO MANUAL SWITCHING FEATURES DRIVES THE GROWTH OF 1/16 DIN SINGLE LOOP CONTROLLER
8.5 1/32 DIN
  8.5.1 HIGH QUALITY AND TECHNOLOGICALLY ADVANCED FEATURES BOOST GROWTH OF 1/32 DIN SINGLE LOOP CONTROLLER

9 SINGLE LOOP CONTROLLER MARKET, BY APPLICATION

9.1 INTRODUCTION
9.2 OIL AND GAS PLANTS
  9.2.1 SMART FACTORY ADOPTION IN OIL AND GAS PLANTS DRIVES ADOPTON OF SINGLE LOOP CONTROLLERS
9.3 PETROCHEMICAL PLANTS
  9.3.1 REGULATORY NORMS AND NEED FOR SAFETY FEATURES DRIVES SINGLE LOOP CONTROLLER MARKET IN PETROCHEMICAL PLANTS
9.4 POWER PLANTS
  9.4.1 NEED FOR PERFORMANCE TRACKING DRIVES SINGLE LOOP CONTROLLER MARKET IN POWER PLANTS
9.5 CHEMICAL PLANTS
  9.5.1 ADOPTION OF ADVANCED MANUFACTURING SOLUTIONS IS INCREASING SIGNIFICANTLY IN THE CHEMICALS INDUSTRY
9.6 IRON AND STEEL PLANTS
  9.6.1 CONTROL SYSTEMS AND FIELD INSTRUMENTS ARE USED TO MONITOR AND CONTROL VARIOUS PROCESSES IN THE IRON AND STEEL PLANT
9.7 OTHER APPLICATIONS
  9.7.1 FOOD & BEVERAGE INDUSTRY IS THE MAJOR CONTRIBUTOR IN SINGLE LOOP CONTROLLER MARKET AMONG OTHER INDUSTRIES

10 GEOGRAPHIC ANALYSIS

10.1 INTRODUCTION
10.2 NORTH AMERICA
  10.2.1 US
    10.2.1.1 Growing investment for manufacturing high-quality products and rising adoption of automation technology drive single loop
controller market growth in US
  10.2.2 CANADA
    10.2.2.1 Increasing government support for adoption of advanced manufacturing technologies propel single loop controller market growth
  10.2.3 MEXICO
    10.2.3.1 Ongoing developments in process and discrete industries boost growth of single loop controller market
10.3 EUROPE
  10.3.1 UK
    10.3.1.1 Rising adoption of smart manufacturing in UK drives single loop controller market growth
  10.3.2 GERMANY
    10.3.2.1 Rising demand for automation in Germany drives single loop controller market growth
  10.3.3 FRANCE
    10.3.3.1 Government initiatives toward increasing production efficiency fuel demand for single loop controllers in France
  10.3.4 ITALY
    10.3.4.1 High adoption of smart factory solutions in Italy drives demand for single loop controllers in this country
  10.3.5 REST OF EUROPE
10.4 APAC
  10.4.1 CHINA
    10.4.1.1 Increasing labor costs in China leading to high adoption of advanced automation solutions, which, in turn, drives single loop controller market growth
  10.4.2 JAPAN
    10.4.2.1 Ongoing developments in smart manufacturing processes in country to surge demand for single loop controllers
  10.4.3 SOUTH KOREA
    10.4.3.1 Increasing investments by government toward development of manufacturing sector promote growth of single loop controller market
  10.4.4 INDIA
    10.4.4.1 Make in India campaign encourages growth of manufacturing industry, thereby surging demand for single loop controllers to fulfill controlling and monitoring requirements of industrial automation
  10.4.5 REST OF APAC
10.5 REST OF THE WORLD (ROW)
  10.5.1 SOUTH AMERICA
    10.5.1.1 Growing industrialization and upsurge in process tracking and compliances drives adoption of single loop controller in South America
  10.5.2 MIDDLE EAST AND AFRICA
    10.5.2.1 High adoption of advanced manufacturing solutions in oil & gas industry drives demand for single loop controllers in Middle East and Africa

11 COMPETITIVE LANDSCAPE

11.1 OVERVIEW
11.2 PRODUCT LAUNCHES AND DEVELOPMENTS
11.3 PARTNERSHIPS, CONTRACTS, AGREEMENTS, AND COLLABORATIONS
11.4 MERGERS & ACQUISITIONS
11.5 COMPETITIVE LEADERSHIP MAPPING
  11.5.1 VISIONARY LEADERS
  11.5.2 DYNAMIC DIFFERENTIATORS
  11.5.3 INNOVATORS
  11.5.4 EMERGING COMPANIES
11.6 STRENGTH OF PRODUCT OFFERING (15 COMPANIES)
11.7 BUSINESS STRATEGY EXCELLENCE (15 COMPANIES)

12 COMPANY PROFILES

12.1 KEY PLAYERS
(Business overview, Products offered, Recent developments, MNM view, SWOT analysis)*
  12.1.1 ABB LTD.
  12.1.2 HONEYWELL INTERNATIONAL INC.
  12.1.3 WEST CONTROL SOLUTIONS
  12.1.4 SURE CONTROLS
  12.1.5 EUROTHERM
  12.1.6 YOKOGAWA ELECTRIC CORPORATION
  12.1.7 OMRON
  12.1.8 GEFRAN
  12.1.9 MITSUBISHI ELECTRIC CORPORATION
  12.1.10 AZBIL CORPORATION
  12.1.11 PSG PLASTIC SERVICE GMBH
  12.1.12 CAROTEK
12.2 OTHER PLAYERS
  12.2.1 PMA CONTROLS INDIA LTD.
  12.2.2 ATHENA CONTROLS
  12.2.3 M-SYSTEM
  12.2.4 ELECTRONICS SYSTEMS & DEVICES (ESD)
*Business overview, Products offered, Recent developments, MNM view, SWOT analysis might not be captured in case of unlisted companies.

13 APPENDIX

13.1 INSIGHTS FROM INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS:
13.6 AUTHOR DETAILS

LIST OF TABLES

TABLE 1 SINGLE LOOP CONTROLLER MARKET, BY TYPE, 2015–2024 (USD MILLION)
TABLE 2 SINGLE LOOP TEMPERATURE CONTROLLER MARKET, BY APPLICATION, 2015–2024 (USD MILLION)
TABLE 3 SINGLE LOOP PRESSURE CONTROLLER MARKET, BY APPLICATION, 2015–2024 (USD MILLION)
TABLE 4 SINGLE LOOP LEVEL CONTROLLER MARKET, BY APPLICATION, 2015–2024 (USD MILLION)
TABLE 5 SINGLE LOOP CONTROLLER MARKET, BY DISPLAY TYPE, 2015–2024 (USD MILLION)
TABLE 6 SINGLE LOOP CONTROLLER MARKET FOR LCD, BY PANEL CUTOUT SIZE, 2015–2024 (USD MILLION)
TABLE 7 SINGLE LOOP CONTROLLER MARKET FOR LED, BY PANEL CUTOUT SIZE, 2015–2024 (USD MILLION)
TABLE 8 SINGLE LOOP CONTROLLER MARKET, BY PANEL CUTOUT SIZE, 2015–2024 (USD MILLION)
TABLE 9 ? DIN SINGLE LOOP CONTROLLER MARKET, BY DISPLAY TYPE, 2015–2024 (USD MILLION)
TABLE 10 1/8 DIN SINGLE LOOP CONTROLLER MARKET, BY DISPLAY TYPE, 2015–2024 (USD MILLION)
TABLE 11 1/16 DIN SINGLE LOOP CONTROLLER MARKET, BY DISPLAY TYPE, 2015–2024 (USD MILLION)
TABLE 12 1/32 DIN SINGLE LOOP CONTROLLER MARKET, BY DISPLAY TYPE, 2015–2024 (USD MILLION)
TABLE 13 SINGLE LOOP CONTROLLER MARKET, BY APPLICATION, 2015–2024 (USD MILLION)
TABLE 14 SINGLE LOOP CONTROLLER MARKET FOR OIL AND GAS PLANTS, BY TYPE, 2015–2024 (USD THOUSAND)
TABLE 15 SINGLE LOOP CONTROLLER MARKET FOR OIL AND GAS PLANTS, BY REGION, 2015–2024 (USD MILLION)
TABLE 16 SINGLE LOOP CONTROLLER MARKET FOR PETROCHEMICAL PLANTS, BY TYPE, 2015–2024 (USD THOUSAND)
TABLE 17 SINGLE LOOP CONTROLLER MARKET FOR PETROCHEMICAL PLANTS, BY REGION, 2015–2024 (USD MILLION)
TABLE 18 SINGLE LOOP CONTROLLER MARKET FOR POWER PLANTS, BY TYPE, 2015–2024 (USD THOUSAND)
TABLE 19 SINGLE LOOP CONTROLLER MARKET FOR POWER PLANTS, BY REGION, 2015–2024 (USD THOUSAND)
TABLE 20 SINGLE LOOP CONTROLLER MARKET FOR CHEMICAL PLANTS, BY TYPE, 2015–2024 (USD THOUSAND)
TABLE 21 SINGLE LOOP CONTROLLER MARKET FOR CHEMICAL PLANTS, BY REGION, 2015–2024 (USD THOUSAND)
TABLE 22 SINGLE LOOP CONTROLLER MARKET FOR IRON AND STEEL PLANTS, BY TYPE, 2015–2024 (USD THOUSAND)
TABLE 23 SINGLE LOOP CONTROLLER MARKET FOR IRON AND STEEL PLANTS, BY REGION, 2015–2024 (USD THOUSAND)
TABLE 24 SINGLE LOOP CONTROLLER MARKET FOR OTHER APPLICATIONS, BY TYPE, 2015–2024 (USD THOUSAND)
TABLE 25 SINGLE LOOP CONTROLLER MARKET FOR OTHER APPLICATIONS, BY REGION, 2015–2024 (USD THOUSAND)
TABLE 26 SINGLE LOOP CONTROLLER MARKET, BY REGION, 2015–2024 (USD MILLION)
TABLE 27 SINGLE LOOP CONTROLLER MARKET IN NORTH AMERICA, BY APPLICATION, 2015–2024 (USD MILLION)
TABLE 28 SINGLE LOOP CONTROLLER MARKET IN NORTH AMERICA, BY COUNTRY, 2015–2024 (USD MILLION)
TABLE 29 SINGLE LOOP CONTROLLER MARKET IN EUROPE, BY APPLICATION, 2015–2024 (USD MILLION)
TABLE 30 SINGLE LOOP CONTROLLER MARKET IN EUROPE, BY COUNTRY, 2015–2024 (USD MILLION)
TABLE 31 SINGLE LOOP CONTROLLER MARKET IN APAC, BY APPLICATION, 2015–2024 (USD MILLION)
TABLE 32 SINGLE LOOP CONTROLLER MARKET IN APAC, BY COUNTRY, 2015–2024 (USD MILLION)
TABLE 33 SINGLE LOOP CONTROLLER MARKET IN ROW, BY APPLICATION, 2015–2024 (USD MILLION)
TABLE 34 SINGLE LOOP CONTROLLER MARKET IN ROW, BY REGION, 2015–2024 (USD MILLION)
TABLE 35 PRODUCT LAUNCHES AND DEVELOPMENTS, 2017
TABLE 36 PARTNERSHIPS, AGREEMENTS, COLLABORATIONS, AND CONTRACTS, 2017
TABLE 37 MERGERS & ACQUISITIONS, 2017

LIST OF FIGURES

FIGURE 1 SINGLE LOOP CONTROLLER MARKET SEGMENTATION
FIGURE 2 SINGLE LOOP CONTROLLER MARKET: RESEARCH DESIGN
FIGURE 3 PROCESS FLOW OF MARKET SIZE ESTIMATION
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 6 MARKET TRIANGULATION
FIGURE 7 SINGLE LOOP CONTROLLER MARKET, BY TYPE, 2018 VS. 2024
FIGURE 8 SINGLE LOOP CONTROLLER MARKET, BY PANEL CUTOUT SIZE, 2018 VS. 2024
FIGURE 9 SINGLE LOOP CONTROLLER MARKET, BY DISPLAY TYPE, 2018 VS. 2024
FIGURE 10 SINGLE LOOP CONTROLLER MARKET, BY APPLICATION, 2018 VS. 2024
FIGURE 11 ASIA PACIFIC IS EXPECTED TO GROW AT THE HIGHEST RATE BETWEEN 2019 AND 2024
FIGURE 12 SINGLE LOOP CONTROLLER MARKET EXPECTED TO GROW AT HIGH RATE FROM 2019 TO 2024
FIGURE 13 TEMPERATURE CONTROLLERS ARE EXPECTED TO CONTINUE TO DOMINATE SINGLE LOOP CONTROLLER MARKET IN COMING YEARS
FIGURE 14 LCD SEGMENT EXPECTED TO COMMAND SINGLE LOOP CONTROLLER MARKET FROM 2019 AND 2024
FIGURE 15 COMPARISON OF SINGLE LOOP CONTROLLERS, BY PANEL CUTOUT SIZE, 2018 VS. 2024
FIGURE 16 NORTH AMERICA AND OIL & GAS PLANTS ACCOUNTED FOR LARGEST SHARE OF SINGLE LOOP CONTROLLER MARKET IN 2018
FIGURE 17 CHINA EXPECTED TO WITNESS HIGHEST CAGR FROM 2019 AND 2024
FIGURE 18 CHANGING ENERGY TRENDS AND INCREASING DEMAND FOR UNCONVENTIONAL ENERGY SOURCES EXPECTED TO DRIVE THE SINGLE LOOP CONTROLLER MARKET
FIGURE 19 TEMPERATURE CONTROLLERS EXPECTED TO LEAD SINGLE LOOP CONTROLLER MARKET DURING FORECAST PERIOD
FIGURE 20 LCD TO COMMAND SINGLE LOOP CONTROLLER MARKET FROM 2019 TO 2024
FIGURE 21 MARKET FOR 1/8 DIN SINGLE LOOP CONTROLLERS TO GROW AT HIGHEST CAGR FROM 2019 TO 2024
FIGURE 22 LCD SEGMENT LIKELY TO DOMINATE 1/8 DIN SINGLE LOOP CONTROLLER MARKET FROM 2019 TO 2024
FIGURE 23 OIL & GAS PLANTS EXPECTED TO LEAD SINGLE LOOP CONTROLLER MARKET FROM 2019 TO 2024
FIGURE 24 TEMPERATURE CONTROLLERS TO COMMAND SINGLE LOOP CONTROLLER MARKET FOR POWER PLANTS FROM 2019 TO 2024
FIGURE 25 NORTH AMERICA TO ACCOUNT FOR LARGEST SIZE OF SINGLE LOOP CONTROLLER MARKET FOR IRON AND STEEL PLANTS FROM 2019 TO 2024
FIGURE 26 GEOGRAPHIC SNAPSHOT: GLOBAL SINGLE LOOP CONTROLLER MARKET
FIGURE 27 SNAPSHOT: SINGLE LOOP CONTROLLER MARKET IN NORTH AMERICA
FIGURE 28 SNAPSHOT: SINGLE LOOP CONTROLLER MARKET IN EUROPE
FIGURE 29 SNAPSHOT: SINGLE LOOP CONTROLLER MARKET IN APAC
FIGURE 30 RANKING ANALYSIS OF SINGLE LOOP CONTROLLER MARKET PLAYERS (2018)
FIGURE 31 KEY STRATEGIES ADOPTED BY TOP PLAYERS
FIGURE 32 SINGLE LOOP CONTROLLER MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2018
FIGURE 33 ABB LTD.: COMPANY SNAPSHOT
FIGURE 34 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
FIGURE 35 YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT
FIGURE 36 OMRON: COMPANY SNAPSHOT
FIGURE 37 GEFRAN: COMPANY SNAPSHOT
FIGURE 38 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
FIGURE 39 AZBIL CORPORATION: COMPANY SNAPSHOT


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