Demand for Industrial Temperature Controller Market | Current Trends, Issues, Challenges

In the last couple of years, the implementation of industrial temperature control has undergone several stages of evolution, starting from indigenous mechanical to microprocessor-based systems. With the digital implementation of industrial temperature controllers gaining momentum, the growth registered by the market is poised to surge in the coming years.

Including Communication Features To Control Devices Remotely And The Reduced Size Of Equipment Have Been Enabling The Market To Gain Momentum. This Trend Will Continue As Market Player Focus On Advancements In The Communication Process Of Devices To Enable Connection With A Computer. This Will, In Turn, Give Access To Data Required For Product Optimization.

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Key Takeaways from Industrial Temperature Controller Market Report

  • The industrial temperature-controlled market is expected to grow at a CAGR of 4.8% between 2022 and 2030
  • The market is predicted to reach a valuation of US$ 3.3Bn by the end of 2030 because of increasing applications in the research and industrial sectors
  • East Asia is exhibiting growth at an impressive pace as governments across high potential markets increase their investment across various industries
  • Temperature controlled devices are being increasingly used in the pharmaceutical and healthcare industry to ensure no irregularities in the quality of vaccines during shipment
  • Intelligent temperature controllers have risen in popularity because of their ability to make accurate predictions and reduce errors

COVID-19 Impact Analysis

The COVID-19 pandemic has disrupted various industries, including the industrial temperature-controlled market. Implementing lockdown and transport bans has brought production to a halt because of the lack of raw materials. This market experienced a significant drop in value from US$ 1,929 Mn in 2019 to US$1,910 Mn in 2020.

The market is, however, expected to recover and showcase an upward trajectory from 2021 onwards. The growing need for safe vaccine storage and food shipments is expected to increase demand in the market.

Who Is Winning?

Increasing applications of industrial temperature controllers have been creating growth opportunities for players in the market. They are now focusing on producing advanced technologies to improve reading accuracies as well as ensure a safe working environment. New intelligent controllers are being introduced to boost temperature control rates and promote remote access.

For instance, Omron introduced the NX-TC series with Artificial Intelligence (AI) in 2018. It is particularly designed for multi-loop applications and offers easier in-panel installation.

Some of the key players in the industrial temperature-controlled market are Honeywell, Panasonic, Delta, Durex Industries, Xiamen Yudina, Jumo, Schneider Electric, Yokogawa Electric Corporation, ABB Ltd., Rockwell Automation, Autonics, Tempatron, Omron Industrial, Fuji Electric Co., Omega Engineering, Analog Devices, Watlow, RKC Instruments and Siemens.

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Industrial Temperature Controller Market Segmentation

Product Type

  • On/Off Control
  • Proportional Control
  • PID Control

Category

  • Analog
  • Digital

End-Use

  • Metals, Mining and Metallurgy
  • Chemicals
  • Oil and Gas
  • Food and Beverages
  • Energy and Power
  • General Manufacturing
  • Research Laboratories
  • Others

Regional Outlook

  • North America – U.S., Canada
  • Latin America – Mexico, Brazil, Rest of Latin America
  • Europe – Germany, Italy, France, U.K., Spain, Russia,
  • Rest of Europe
  • The Middle East and Africa -Turkey, Northern Africa, South Africa, Rest of MEA
  • East Asia – China, Japan, South Korea
  • South Asia – India, Thailand, Malaysia, Indonesia, Oceania, Rest of South
  • Asia and Pacific

Competitive Landscape

Industrial temperature controller providers are focusing on research and development of new products to expand their product portfolio. Industrial temperature controller manufacturers are also ramping up launches of new innovative industrial temperature controllers to boost market presence.

  • In January 2022, ENA Solution, a building control manufacturer, showcased its first-ever smart thermostat designed exclusively for industrial and commercial applications at AHR Expo. The ENASTAT industrial thermostat comes with a user-friendly interface and delivers a tough industrial performance even when used in the harshest of environments.

Related Links :-

https://community.telegramfxcopier.io/post/power-tool-gears-market-2022-industry-research-segmentation-key-players-ana–6275982037a1b225629987c9

https://www.launchora.com/story/power-tool-gears-market-2022-development-status-c

https://www.homify.co.uk/users/9006761/nk99fmi

https://kgn.tribe.so/post/power-tool-gears-market-2022-industry-research-segmentation-key-players-ana–6275983ae82e722f77566f4b

https://aftrword.tribe.so/post/power-tool-gears-market-2022-industry-research-segmentation-key-players-ana–6275983fa476c965304c456d

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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