The single-loop controller market is anticipated to reach more than US$ 101.3 million by 2023. It is predicted to be worth US$ 170.0 million by 2033. The market is estimated to increase at a CAGR of 5.3% between 2023 and 2033.
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.
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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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