Allied Market Research
Loading...
Cart
0
PURCHASE OPTIONS

Start reading ,This title and over 12000 thousand more,available with Avenue Library, T&C*

Allied Market Research

Temperature Controller Market By Type (Analog, Digital, and Hybrid), Product Type (Single-Loop, Multi-Loop, On/Off, and PID), Component (Hardware and Software), Application (Temperature Controlling, Temperature Monitoring, and Others), and Industry Vertical (Chemicals, Automotive, Oil & Gas, Food & Beverages, Healthcare, Energy & Power, and Others): Global Opportunity analysis and Industry Forecast, 2020–2027

A08897
Pages: NA
Jun 2021 | 405 Views
 
Author(s) : NA
Tables: NA
Charts: NA
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Temperature Controller Market

Request Now !

Temperature Controller Market Outlook – 2027 

Temperature controller is a device that is used to measure and control temperature by accepting temperature sensors such as thermocouple or RTD as input and comparing measured temperature with desired control temperature. The output is provided to control element such as heater or fan without extensive involvement of operator. Temperature controllers are widely used in steam application such as to control product temperature, monitor steam flashing from boiling tanks as they are robust, reliable, easily installable, and tolerant of imperfect steam conditions. 

They automate entire process, thus eliminating probable human error in manual temperature control. This technology also helps to save time and minimize costs of manual workforce. Temperature controllers are used effectively in preservation of food items and plastic production as they are of low cost, user-friendly, energy-efficient, and limit excessive use of power. Ongoing innovation further simplify laboratory automation and worldwide import and export of temperature controllers, which is expected to boost the temperature controller market share in coming years.

The global temperature controller market is segmented on the basis of type, product type, component, application, industry vertical, and region. Based on type, the temperature controller market is divided into analog, digital, and hybrid. In terms of product type, the market is categorized into single-loop, multi-loop, on/off, and PID. On the basis of component, the market is bifurcated into hardware and software. 

In terms of application, the temperature controller market is divided into temperature controlling, temperature monitoring, and others. Based on industry vertical, the market is segregated into chemicals, automotive, oil & gas, food & beverages, healthcare, energy & power, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global temperature controller industry include Omron Corp., Delta Electronics, Honeywell International Inc., Schneider Electric, Panasonic, ABB Ltd., Watlow, Yokogawa Electric Corp., Durex Industries, RKC Instruments, and Others. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global temperature controller market. 

Top Impacting Factors

Development of communication capability in temperature controllers, owing to technologies such as IoT, artificial intelligence, machine learning, small compact size of controllers, and use of hybrid controller as alternative to programmable logic controller (PLC) machine are some factors, which propel the temperature controller market growth. 

However intense competition, global economic slowdown, lack of skilled workforce, and rivalry in market prices are obstacles for the market growth. Contrarily, oil & gas, mining, and petrochemical industries use temperature controllers to monitor temperature easily at a remote location by connecting to a computer. Ongoing improvements and innovations leading to miniaturization of temperature controllers are expected to flourish this temperature controller industry.

New Product Launches to Flourish the Market

New smart products that contain improved accuracy have been launched by key market players. In February 2020, ABB Ltd. launched a versatile smart temperature monitoring relay providing wide measuring range and compatibility with different sensors such as PTC and PT100. It demonstrates a liquid crystal display that shows significant measurements and maintenance information. 

This device is compatible with the ABB EPiC smartphone app that uses near field communication technology for checking ABB’s low-voltage products making fast, wireless exchange of data possible. End users can edit parameter settings, copy settings to other devices, and share parameters by uploading to cloud. This technology is used to ensure safe and reliable operation of essential equipment worldwide. 

Surge in Usage in Automotive and Industrial Application

Manufacturers have been focusing on manufacture of new products with precise accuracy for specific applications as there are varying demands based on utilization. Sensor technology has reached such a sense of advancement as it can quickly and accurately measure temperature and humidity. In addition, it is so small and compact in size that is does not distract passengers. 

In 2020, Sensirion AG, a leading manufacturer of humidity and temperature sensors, developed automatic temperature control in vehicle seats that continuously measure humidity and temperature on seat surface and backrest, thereby controlling seat heating and ventilation. Multiple sensors integrated in the vehicle seat provide input data for automatic control function ensuring individualized climate control within a predefined comfort range of the passengers.  

Key Benefits of the Stakeholders

  • The study gives an analytical overview of temperature controller market forecast with current trends and future estimations to determine imminent investment pockets.
  • The report analyses information related to key drivers, restraints, and opportunities along with detailed temperature controller market analysis.
  • The temperature controller market trends are quantitatively analysed from 2020 to 2027.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available For Years

2019-2027

Base Year Considered

2019

Forecast Period

2021-2027

Forecast Units

Value(USD)

Segments Covered

Type, Product Type, Component, Application, Industry Vertical, and Region

Regions Covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and rest of Europe), Asia Pacific (India, Japan, China, and rest of Asia Pacific) and LAMEA (Latin America, Middle East, and Africa)

Companies Covered

Omron Corp., Delta Electronics, Honeywell International Inc., Schneider Electric, Panasonic, ABB Ltd., Watlow, Yokogawa Electric Corp., Durex Industries, RKC Instruments, and Others

 

COVID-19 Impact Analysis

  • The emergence of coronavirus has become a serious health threat worldwide. China being the main manufacturing hub of electronic items has been adversely affected by the outbreak, owing to substantial slowdown in manufacturing operations. 
  • Temperature controllers are in high demand worldwide with a view to identify potential COVID affected patients by measuring rise in temperature. California-based health start-up, VivaLNK are developing temperature controllers with temperature sensors in them, which are being used to monitor COVID-19 patients to reduce risk of hospital staff. This device provides continuous, real-time monitoring of changes in body temperature, and uses IoT access controller to wirelessly transmit data to nurse’s station for further analysis and control in this social distancing scenario.
  • It has been studied that coronavirus survives for longer periods at low or moderate temperature (less than 6 to 300C) and at low humidity of 20 to 30%. Air humidification acts in proactive manner to combat spread of the virus. Thus, temperature and humidity controllers are implemented in private and public buildings to control temperature and ease humidity at a specific setpoint with a view to battle this virus by reducing its survival period. 

Temperature Controller Market Key Segments

Segments

Sub-Segments

Type

  • Analog
  • Digital
  • Hybrid

Product Type

  • Single-Loop Controller
  • Multi-Loop Controller
  • On/Off Controller
  • PID Controller

Component

  • Hardware
  • Software

Application

  • Temperature Controlling
  • Temperature Monitoring
  • Others

Industry Vertical

  • Chemicals
  • Automotive
  • Oil and Gas
  • Food and Beverages
  • Healthcare
  • Energy and Power
  • Others

 

Questions Answered in the Temperature Controller Market Research Report

  • Who are the leading players in the temperature controller market?
  • What would be the detailed impact of COVID-19 on the temperature controller market size? 
  • What are the current trends that would influence the temperature controller market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
PURCHASE OPTIONS

Start reading ,This title and over 12000 thousand more,available with Avenue Library, T&C*

Reach out to us

Call us on
( U.S. - Canada toll free )
+1-800-792-5285,   
Int'l : +1-503-894-6022
( Europe )
+ 44-845-528-1300
Drop us an email at
help@alliedmarketresearch.com

 
Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
Temperature Controller Market

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $8,995  $8,096
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Start reading.
    This title and over 12,000+ are available on the Avenue Library. T&C*.

    Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers