PID Controller Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of PID Controller Market
The PID controller market size was valued at USD 1.42 billion in 2021, and the market is now projected to grow from USD 1.52 billion in 2022 to USD 1.94 billion by 2029, exhibiting a CAGR of 4.2% during the forecast period of 2022-2029.
The Covid-19 outbreak saw many-location shutdowns which affected production and demand from downstream industries. Ongoing production slow-down, availability of raw materials and shutdown of crucial segments have affected proportional-integral-derivative (PID) controller markets growth rate as well.
Technical PID controllers are used widely in various industries such as the food & beverages industry, chemical industries, and oil & gas industry for controlling temperature, pressure, and flow characteristics of a process. They are cherished due to their costs, accuracy and reliability that reduces the operational costs on large scale plant.
In the process industries, AI, machine learning as well as automation are being adopted to reduce time in the manufacturing industries. Current manufacturers use dual modes of operation with intelligent controller incorporated into production systems to automate them successfully.
Comprehensive Analysis of PID Controller Market
The PID controller market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by type analysis, and by application analysis. By type analysis include temperature, pressure, motion, and flow. By application analysis include oil & gas, food & beverage, power, chemical, and others.
The Asia Pacific region lead the PID controller market share by benefitting a market size of USD 0.43 billion in 2021 due to increasing industrialization.
The top players in the markets have a central responsibility in the power & energy industry to be sure of industrial prospectus development and to establish the market norms. These players include, Honeywell, Panasonic, Fuji Electric, Watlow, OMRON, Eurotherm, ABB, Gefran, RKC Instrument, Durex Industries, Calex Electronics, Enfield Technologies these market players provide a level-playing competitive landscape.
In May 2022, Watson introduced PM LEGACY and PM Plus controllers featuring advanced user interfaces, enhanced performance, rugged display screens, and easy configuration options.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2018-2029
Base Year 2021
Estimated Year 2022
Forecast Period 2022-2029
Historical Period 2018-2020
Unit Volume (Thousand Unit) and Value (USD Billion)
Segmentation By Type, Application, and Region
By Type Temperature PID Controllers
Pressure PID Controllers
Flow PID Controllers
Motion PID Controllers
By Application Oil & Gas
Power
Chemical
Food & Beverage
Others
By Region North America (By Type, By Application, By Country)
U.S.
Canada
Europe (By Type, By Application, By Country)
Germany
U.K.
France
Italy
Russia
Rest of Europe
Asia Pacific (By Type, By Application, By Country)
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Rest of APAC
Latin America (By Type, By Application, By Country)
Mexico
Brazil
Argentina
Rest of Latin America
Middle East & Africa (By Type, By Application, By Country)
Turkey
Saudi Arabia
Rest of Middle East & Africa
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Porters Five Forces Analysis
- 4.5. Impact of COVID-19 on the PID Controller Market
- 5. Global PID Controller Market Analysis (USD Billion, Thousand Units), Insights and Forecast, 2018-2029
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Temperature PID Controller
- 5.2.2. Pressure PID Controller
- 5.2.3. Flow PID Controller
- 5.2.4. Motion PID Controller
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Oil and Gas
- 5.3.2. Food and Beverages
- 5.3.3. Power
- 5.3.4. Chemical
- 5.3.5. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa
- 6. North America PID Controller Market Analysis (USD Billion, Thousand Units), Insights and Forecast, 2018-2029
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Temperature PID Controller
- 6.2.2. Pressure PID Controller
- 6.2.3. Flow PID Controller
- 6.2.4. Motion PID Controller
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Oil and Gas
- 6.3.2. Food and Beverages
- 6.3.3. Power
- 6.3.4. Chemical
- 6.3.5. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 7. Europe PID Controller Market Analysis (USD Billion, Thousand Units), Insights and Forecast, 2018-2029
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Temperature PID Controller
- 7.2.2. Pressure PID Controller
- 7.2.3. Flow PID Controller
- 7.2.4. Motion PID Controller
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Oil and Gas
- 7.3.2. Food and Beverages
- 7.3.3. Power
- 7.3.4. Chemical
- 7.3.5. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. Germany
- 7.4.2. UK
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Russia
- 7.4.6. Rest of Europe
- 8. Asia Pacific PID Controller Market Analysis (USD Billion, Thousand Units), Insights and Forecast, 2018-2029
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Temperature PID Controller
- 8.2.2. Pressure PID Controller
- 8.2.3. Flow PID Controller
- 8.2.4. Motion PID Controller
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Oil and Gas
- 8.3.2. Food and Beverages
- 8.3.3. Power
- 8.3.4. Chemical
- 8.3.5. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. South Korea
- 8.4.4. India
- 8.4.5. Australia
- 8.4.6. Taiwan
- 8.4.7. Indonesia
- 8.4.8. Thailand
- 8.4.9. Malaysia
- 8.4.10. Philippines
- 8.4.11. Vietnam
- 8.4.12. Rest of Asia Pacific
- 9. Latin America PID Controller Market Analysis (USD Billion, Thousand Units), Insights and Forecast, 2018-2029
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Temperature PID Controller
- 9.2.2. Pressure PID Controller
- 9.2.3. Flow PID Controller
- 9.2.4. Motion PID Controller
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Oil and Gas
- 9.3.2. Food and Beverages
- 9.3.3. Power
- 9.3.4. Chemical
- 9.3.5. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Mexico
- 9.4.2. Brazil
- 9.4.3. Argentina
- 9.4.4. Rest of Latin America
- 10. Middle East & Africa PID Controller Market Analysis (USD Billion, Thousand Units), Insights and Forecast, 2018-2029
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Type
- 10.2.1. Temperature PID Controller
- 10.2.2. Pressure PID Controller
- 10.2.3. Flow PID Controller
- 10.2.4. Motion PID Controller
- 10.3. Market Analysis, Insights and Forecast – By Application
- 10.3.1. Oil and Gas
- 10.3.2. Food and Beverages
- 10.3.3. Power
- 10.3.4. Chemical
- 10.3.5. Others
- 10.4. Market Analysis, Insights and Forecast – By Country
- 10.4.1. Turkey
- 10.4.2. Saudi Arabia
- 10.4.3. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2021
- 11.2. Company Profile
- 11.2.1. Honeywell
- 11.2.1.1. Business Overview
- 11.2.1.2. Product & Service Offering
- 11.2.1.3. Overall Revenue
- 11.2.1.4. Recent Development
- 11.2.2. Panasonic
- 11.2.2.1. Business Overview
- 11.2.2.2. Product & Service Offering
- 11.2.2.3. Overall Revenue
- 11.2.2.4. Recent Development
- 11.2.3. Fuji Electric
- 11.2.3.1. Business Overview
- 11.2.3.2. Product & Service Offering
- 11.2.3.3. Overall Revenue
- 11.2.3.4. Recent Development
- 11.2.4. Watlow
- 11.2.4.1. Business Overview
- 11.2.4.2. Product & Service Offering
- 11.2.4.3. Overall Revenue
- 11.2.4.4. Recent Development
- 11.2.5. OMRON
- 11.2.5.1. Business Overview
- 11.2.5.2. Product & Service Offering
- 11.2.5.3. Overall Revenue
- 11.2.5.4. Recent Development
- 11.2.6. Eurotherm
- 11.2.6.1. Business Overview
- 11.2.6.2. Product & Service Offering
- 11.2.6.3. Overall Revenue
- 11.2.6.4. Recent Development
- 11.2.7. ABB
- 11.2.7.1. Business Overview
- 11.2.7.2. Product & Service Offering
- 11.2.7.3. Overall Revenue
- 11.2.7.4. Recent Development
- 11.2.8. Gefran
- 11.2.8.1. Business Overview
- 11.2.8.2. Product & Service Offering
- 11.2.8.3. Overall Revenue
- 11.2.8.4. Recent Development
- 11.2.9. RKC Instrument
- 11.2.9.1. Business Overview
- 11.2.9.2. Product & Service Offering
- 11.2.9.3. Overall Revenue
- 11.2.9.4. Recent Development
- 11.2.10. Durex Industries
- 11.2.10.1. Business Overview
- 11.2.10.2. Product & Service Offering
- 11.2.10.3. Overall Revenue
- 11.2.10.4. Recent Development
- 11.2.11. Calex Electronics
- 11.2.11.1. Business Overview
- 11.2.11.2. Product & Service Offering
- 11.2.11.3. Overall Revenue
- 11.2.11.4. Recent Development
- 11.2.12. Enfield Technologies
- 11.2.12.1. Business Overview
- 11.2.12.2. Product & Service Offering
- 11.2.12.3. Overall Revenue
- 11.2.12.4. Recent Development
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