Global PID Controller Market 2017-2021: Forecast to Grow at a CAGR of 2.5% During 2017-2021

The global PID controller market is forecast to grow at a CAGR of 2.53% during the period 2017-2021.

The report, Global PID Controller Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is use of hybrid temperature controllers for temperature controlling functions. Hybrid temperature controllers have a high loop-processing capacity and the time required to execute the programs is also less compared with other temperature controller devices. Many end-user industries prefer these hybrid controllers, as these are economical and can perform some of the functions of a PLC. These controllers are more efficient than normal PID-based temperature controllers.
According to the report, one driver in the market is low price of PID controllers. The prices of PID controllers are lower when compared with PLC devices. The time required to execute loop functions and the efficiency of PLCs are comparatively better than PID controllers. However, one of the major reasons for the growth in demand for PID controllers is their low price, which is preferred by many end-users. Therefore, PID controllers are considered as an economical choice for many purposes by end-users, whereas PLC devices are used for higher functions.

Further, the report states that one challenge in the market is high demand for PLC devices. Due to higher loop processing capacity and functions of PLC controllers, many end-users have started preferring these over normal PID controllers, which is having a negative impact on the global PID controller market. Temperature controllers account for the majority of the revenue for PID controllers and PLC are implemented along with sensors for faster response and integration with other control parameters in the process. PLCs can perform many functions within an industrial facility, thereby eliminating the use of other controllers such as PID controllers.

Key vendors

Other prominent vendors

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Product

Part 07: Market Segmentation By End-User

Part 08: Geographical Segmentation

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Key Vendor Analysis

Part 14: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/qg6mk3/global_pid

Media Contact:

Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716