Market Overview:
The global process controllers market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for process controllers in various industries such as oil & gas, power, chemical, food & beverage and others. In addition, the growing demand for smart process controllers is also contributing to the growth of this market.
Product Definition:
A process controller is a device or software that maintains the desired output of a manufacturing or processing plant by regulating the flow of material and energy into and out of the system. Process controllers are important because they maintain consistent product quality and protect equipment from damage.
Temperature Controllers:
Temperature controllers are used to maintain the temperature of process fluids such as lubricants, coolants or chemicals at desired levels. They can also be used to control the temperature of heat-generating components in industrial applications. Temperature controllers are increasingly being adopted by end-use industries such as power generation and oil & gas for their critical processes that require regulated temperatures.
Pressure Controllers:
Pressure controllers are used to control the pressure in a process. They are mainly used for controlling the flow of liquids and gases in industrial applications. The market is segmented on the basis of application into water & wastewater treatment, food & beverage processing, power generation industries and petrochemical manufacturing among others.
The increasing demand for energy has led to an increase in focus on efficient power generation methods which is expected to have a positive impact on process controllers market growth over the forecast period.
Application Insights:
The oil & gas application segment led the global process controllers market in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030. The growth can be attributed to the increasing need for controlling processes, such as crude oil refining, natural gas processing, and petroleum pipeline transportation across various industries.
The chemical industry is one of the largest consumers of electricity owing to its extensive use in manufacturing various chemicals including polymers and resins along with other products such as fertilizers and pesticides. As a result, manufacturers are focusing on reducing energy consumption through adopting efficient control systems that reduce power costs while improving production efficiency. This trend is expected to drive demand for global process controllers over the forecast period.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period owing to the increasing demand for process controllers from various end-use industries. The growing chemical, oil and gas, food & beverage sectors are anticipated to drive the regional market growth. In addition, technological advancements coupled with an increase in R&D activities are also expected to drive product demand over the forecast period.
The Asia Pacific region accounted for more than 30% of global revenue share in 2017 and is estimated to continue its dominance through 2030 due high industrialization and urbanization trends across emerging economies such as China, India Japan among others.
Growth Factors:
- Increasing demand for automation in various industries to improve efficiency and productivity
- Rising adoption of Industrial Internet of Things (IIoT) and Process Automation Systems (PAS) for process control and monitoring
- Growing need to optimize production processes and reduce wastage
- Proliferation of smart factories that use advanced technologies for process control
- Emergence of Industry 4.0, which is expected to create new opportunities for the Process Controllers market
Scope Of The Report
Report Attributes
Report Details
Report Title
Process Controllers Market Research Report
By Type
Temperature Controllers, Pressure Controllers, Others
By Application
Oil & Gas, Power, Chemical, Food & Beverage, Others
By Companies
Siemens, ABB, Bürkert Fluid Control Systems, OMEGA Engineering, Dwyer Instruments, Schneider Electric, Fuji Electric, Xylem, Watlow, JUMO Process Control, Siemens
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Process Controllers Market Report Segments:
The global Process Controllers market is segmented on the basis of:
Types
Temperature Controllers, Pressure Controllers, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Power, Chemical, Food & Beverage, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens
- ABB
- Bürkert Fluid Control Systems
- OMEGA Engineering
- Dwyer Instruments
- Schneider Electric
- Fuji Electric
- Xylem
- Watlow
- JUMO Process Control
- Siemens
Highlights of The Process Controllers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Temperature Controllers
- Pressure Controllers
- Others
- By Application:
- Oil & Gas
- Power
- Chemical
- Food & Beverage
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Process Controllers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Process controllers are responsible for ensuring that the processes within an organization are carried out in a consistent and effective manner. They may also be responsible for monitoring and managing the performance of these processes.
Some of the major companies in the process controllers market are Siemens, ABB, B¼rkert Fluid Control Systems, OMEGA Engineering, Dwyer Instruments, Schneider Electric, Fuji Electric, Xylem, Watlow, JUMO Process Control, Siemens.
The process controllers market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Process Controllers Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Process Controllers Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Process Controllers Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Process Controllers Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Process Controllers Market Size & Forecast, 2020-2028 4.5.1 Process Controllers Market Size and Y-o-Y Growth 4.5.2 Process Controllers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Temperature Controllers
5.2.2 Pressure Controllers
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Power
6.2.3 Chemical
6.2.4 Food & Beverage
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Process Controllers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Process Controllers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Temperature Controllers
9.6.2 Pressure Controllers
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Power
9.10.3 Chemical
9.10.4 Food & Beverage
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Temperature Controllers
10.6.2 Pressure Controllers
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Power
10.10.3 Chemical
10.10.4 Food & Beverage
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Temperature Controllers
11.6.2 Pressure Controllers
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Power
11.10.3 Chemical
11.10.4 Food & Beverage
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Temperature Controllers
12.6.2 Pressure Controllers
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Power
12.10.3 Chemical
12.10.4 Food & Beverage
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Temperature Controllers
13.6.2 Pressure Controllers
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Power
13.10.3 Chemical
13.10.4 Food & Beverage
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Process Controllers Market: Competitive Dashboard
14.2 Global Process Controllers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 ABB
14.3.3 Bürkert Fluid Control Systems
14.3.4 OMEGA Engineering
14.3.5 Dwyer Instruments
14.3.6 Schneider Electric
14.3.7 Fuji Electric
14.3.8 Xylem
14.3.9 Watlow
14.3.10 JUMO Process Control
14.3.11 Siemens