Global Universal Process Controllers Market 2017-2021
About Universal Process Controllers
Universal process controllers monitor and control different process variables, parameters, and initiate controller functions based on measurements. They receive sensor inputs, provide control functions, and output control signals. Process automation and instrumentation is a necessity for industrial manufacturing, as it helps in optimizing business outcomes. It aids in effectively controlling and monitoring the industrial production process by minimizing downtimes of a plant. The global process automation and instrumentation market has a significant growth potential from the developing countries such as China, India, Indonesia, Brazil, Argentina, and Mexico. The increase in business competition among competitive organizations and companies has led to growth in the global process automation and instrumentation market.Technavio’s analysts forecast the global universal process controllers market to grow at a CAGR of 5.90% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global universal process controllers market for 2017-2021. To calculate the market size, the report considers the sales market.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Universal Process Controllers Market 2017-2021
Technavio recognizes the following companies as the key players in the global universal process controllers market: ABB, Bürkert, JUMO, OMEGA Engineering, and Sisel Engineering.
Other Prominent Vendors in the market are: A&D Company, ACS-CONTROL-SYSTEM, ATEK SENSOR TECHNOLOGY, Athena Controls, Clark Solutions, Comeco, Hach, Nivelco, NOVUS Automation, Omni instruments, Pixsys Electronics, Siemens, Watlow, and West Control Solutions.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Miniaturization of UPCs. There is a global trend happening among various product manufacturers to make their mechanical and electronic devices smaller in the global universal process controllers market. The manufacturing companies such as ABB, OMEGA Engineering, and Bürkert are manufacturing smaller UPCs, and are gaining market importance in the process automation. The development of smaller devices has reduced the space occupied for the controllers when integrated with the control system. This is very helpful for the end-users such as the food and beverages, chemical and petrochemical, and pharmaceutical industries in saving space. These spaces can be utilized for additional customizations or changes to their process machines.”
According to the report, one of the major drivers for this market is Integration of UPCs with control system. Integration of control system with UPCs and plant management systems for process control along with process electrification, power distribution, and management systems of the plant are driving the market growth. Such integration generates rapid real-time information from all equipment and parts of the plant at a central location known as a control room. These developments improve accessibility, allowing prompt assessment, detecting shortcomings of operational processes early, and enhancing the overall decision-making capability. The integration of UPCs with control system helps in monitoring and controlling the various process variables with communication developments.
Further, the report states that one of the major factors hindering the growth of this market is Adoption of low cost individual process controllers over UPCs. The adoption of individual process controllers like temperature process controllers, pressure process controllers, and flow process controllers has reduced the adoption of UPCs. These type of single process controllers are least priced than UPCs. Individual process controllers do not have a display system.
ABB, Bürkert, JUMO, OMEGA Engineering, Sisel Engineering, A&D Company, ACS-CONTROL-SYSTEM, ATEK SENSOR TECHNOLOGY, Athena Controls, Clark Solutions, Comeco, Hach, Nivelco, NOVUS Automation, Omni instruments, Pixsys Electronics, Siemens, Watlow, and West Control Solutions.