Increasing Emphasis on Maintaining Operational Efficiency and Product Quality to Amplify Single Loop Controller Market | Future Market Insights, Inc.

PRESS RELEASE
Published June 26, 2023

NEWARK, DE / ACCESSWIRE / June 26, 2023 / In 2023, the single loop controller market is expected to grow to a value of more than US$ 101.3 million. By 2033, it's expected to be valued at US$ 170.0 million. From 2023 to 2033, the market is expected to grow at a CAGR of 5.3%.

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.

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.

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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.

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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Table of Content (ToC):

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.2. Scenario Forecast

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.8. PESTLE and Porter's Analysis

3.9. Regulatory Landscape

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2018 to 2022

5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2023 to 2033

5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022

5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Display Type

6.1. Introduction / Key Findings

6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Display Type, 2018 to 2022

6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Display Type, 2023 to 2033

6.4. Y-o-Y Growth Trend Analysis By Display Type, 2018 to 2022

6.5. Absolute $ Opportunity Analysis By Display Type, 2023 to 2033

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