Global Industrial Temperature Controllers Market 2017-2021
About Industrial Temperature Controllers
Industrial temperature controllers are devices that help in maintaining the temperature for cooling or heating processes, irrespective of the environmental temperature. This device constantly checks the temperature of the medium and adjusts it to the optimal temperature. Basic temperature acts as an on/off switch. These controllers switch off if the medium reaches the set point and start again if the temperature increases or decreases. Industrial temperature controllers are classified as single loop/multiloop temperature controllers, hybrid temperature controllers, and analog temperature controllers.
Technavio’s analysts forecast the global industrial temperature controllers market to grow at a CAGR of 0.01% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial temperature controllers market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Temperature Controllers Market 2017-2021
Technavio recognizes the following companies as the key players in the global industrial temperature controllers market: Omron, Eurotherm (Schneider Electric), Delta Electronics, and Panasonic.
Other Prominent Vendors in the market are: Watlow Electric Manufacturing Company, Durex industries, HANYOUNGNUX, RKC Instruments, Yokogawa Electric Corporation, Honeywell International, and ABB.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is miniaturization of temperature controllers. Miniaturization of temperature controllers is the trend that can be seen among manufacturers across the automation industry. The same trend can be seen among temperature controller manufacturers. Companies such as Omron have already started making smaller temperature controllers. With these smaller devices, the space required is less. This is very helpful for end-users such as food and beverage and the plastics industries in saving space that can be utilized to make any additional customizations or changes to their machines. Manufacturers of temperature controllers are trying not to compromise on the functions and features of these devices during the process of miniaturization. They are successful at it with most of the products offered. These devices are effective in temperature controlling functions as per the usage requirements.”
According to the report, one driver in market is communication capability in temperature controllers. One of the main reasons for the decline of analog temperature controllers and an increase in the demand of hybrid controllers is the communication capability of these models. Temperature controllers have undergone a number of technological advancements, such as the reduction in size and enhanced communication capability (the ability of the temperature controllers to remotely control them). The communication feature allows the controllers to connect to a computer. Using these computers, the controllers can be programmed to set a temperature point and can also be used to gather the data to analyze the functions of the machinery. These data can be used to make strategic decisions for improving the functioning of industrial facilities. There are controllers that have USB ports, Ethernet, and other wireless connectivity options to connect to a computer. Any changes required can be made from computers using these connectivity options. These features of temperature controllers will help the industry in generating more revenue.
Further, the report states that one challenges in market is PLC controllers are replacing temperature controllers. PLCs are used in manufacturing facilities. These are used for programming different functions and are also for diagnosing process faults. These are mainly used on assembly lines and in other robotic devices. The size of PLCs ranges from small to modular devices having hundreds of I/Os. The main purpose of a PLC is to control digital signals. With development and advancements in PLCs, these can be used to check analog signals as well. In addition, these controllers can take multiple inputs and outputs and can be used instead of temperature controllers to maintain the optimal temperature or to make any change to the functioning of the device. Due to these, many end-users are replacing temperature controllers with PLCs.
Omron, Eurotherm (Schneider Electric), Delta Electronics, Panasonic, Watlow Electric Manufacturing Company, Durex industries, HANYOUNGNUX, RKC Instruments, Yokogawa Electric Corporation, Honeywell International, and ABB.
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