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Global Industrial Temperature Controller Market to reach USD 12.09 billion by 2027

Global Industrial Temperature Controller Market Size study, by Type (Analog, digital), by product type (single loop ,multi loop ) and Regional Forecasts 2020-2027

Product Code: OIRIGAS_76908087
Publish Date: 8-06-2020
Page: 200

Global Industrial Temperature Controller Market is valued approximately USD 8.44 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.6 % over the forecast period 2020-2027. Industrial Temperature Controller is an instrument used to control the temperature and bring it to the optimal level. The controller takes input in the form of thermocouple or Resistance Temperature Detectors to bring the temperature to the set level. It is operated without any human supervision. These machines are used in different research and industrial applications like preserving food items, heat-treating applications, packaging and production of plastics. Due to the advent of coronavirus disease , researches are being carried out across the globe on effective medicines and vaccines against the coronavirus disease. Consequently, high-precision temperature controllers have become the key requirement at present. The government policies concerning laboratory safety is surging the demand for temperature controllers. This is expected to boost the market in the coming years. As per a survey by Enforcement Directorate, in September 2018, the government of India passed fiscal incentives to draw investors and technology to enhance the recovery of oil fields. Such initiatives are aiding expansion of the oil and gas sector. This is in turn creating prospects for industrial temperature controllers in the region. However, slowdown of worldwide economy impedes the growth of the market over the forecast period of 2020-2027. Also, Opportunity is advancements and the low cost of proportional–integral–derivative (PID) controllers are likely to increase the market for Industrial Temperature Controller .

The regional analysis of global Industrial Temperature Controller market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia pacific is the leading/significant region across the world in terms of market share owing to the government policies for the industrial growth and rising industrialization , the demand for the temperature controls will rise in the forecast period. Whereas, North America is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Growth in intelligent temperature control technologies is the major factor driving the growth of the market in North America.

Major market player included in this report are:
Omron
Eurotherm (Schneider Electric)
Delta Electronics
Panasonic
Watlow Electric Manufacturing Company
Durex industries
HANYOUNGNUX
RKC Instruments
Yokogawa Electric Corporation
Honeywell International

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Analog
Digital

By Product Type:
Single loop
Multi loop

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Industrial Temperature Controller Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Industrial Temperature Controller Market, by Region, 2018-2027 (USD Billion)
1.2.2. Industrial Temperature Controller Market, by Type, 2018-2027 (USD Billion)
1.2.3. Industrial Temperature Controller Market, by Product type, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Industrial Temperature Controller Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Industrial Temperature Controller Market Dynamics
3.1. Industrial Temperature Controller Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Industrial Temperature Controller Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Industrial Temperature Controller Market, by Type
5.1. Market Snapshot
5.2. Global Industrial Temperature Controller Market by Type, Performance – Potential Analysis
5.3. Global Industrial Temperature Controller Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Industrial Temperature Controller Market, Sub Segment Analysis
5.4.1. Analog
5.4.2. Digital
Chapter 6. Global Industrial Temperature Controller Market, by Product type

6.1. Market Snapshot
6.2. Global Industrial Temperature Controller Market by Product type, Performance – Potential Analysis
6.3. Global Industrial Temperature Controller Market Estimates & Forecasts by Product type 2017-2027 (USD Billion)
6.4. Industrial Temperature Controller Market, Sub Segment Analysis
6.4.1. Single loop
6.4.2. Multi loop
Chapter 7. Global Industrial Temperature Controller Market, Regional Analysis
7.1. Industrial Temperature Controller Market, Regional Market Snapshot
7.2. North America Industrial Temperature Controller Market
7.2.1. U.S. Industrial Temperature Controller Market
7.2.1.1. Type breakdown estimates & forecasts, 2017-2027
7.2.1.2. Product type breakdown estimates & forecasts, 2017-2027
7.2.2. Canada Industrial Temperature Controller Market
7.3. Europe Industrial Temperature Controller Market Snapshot
7.3.1. U.K. Industrial Temperature Controller Market
7.3.2. Germany Industrial Temperature Controller Market
7.3.3. France Industrial Temperature Controller Market
7.3.4. Spain Industrial Temperature Controller Market
7.3.5. Italy Industrial Temperature Controller Market
7.3.6. Rest of Europe Industrial Temperature Controller Market
7.4. Asia-Pacific Industrial Temperature Controller Market Snapshot
7.4.1. China Industrial Temperature Controller Market
7.4.2. India Industrial Temperature Controller Market
7.4.3. Japan Industrial Temperature Controller Market
7.4.4. Australia Industrial Temperature Controller Market
7.4.5. South Korea Industrial Temperature Controller Market
7.4.6. Rest of Asia Pacific Industrial Temperature Controller Market
7.5. Latin America Industrial Temperature Controller Market Snapshot
7.5.1. Brazil Industrial Temperature Controller Market
7.5.2. Mexico Industrial Temperature Controller Market
7.6. Rest of The World Industrial Temperature Controller Market
Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Omron
8.2.1.1. Key Information
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments
8.2.2. Eurotherm (Schneider Electric)
8.2.3. Delta Electronics
8.2.4. Panasonic
8.2.5. Watlow Electric Manufacturing Company
8.2.6. Durex industries
8.2.7. HANYOUNGNUX
8.2.8. RKC Instruments
8.2.9. Yokogawa Electric Corporation
8.2.10. Honeywell International
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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