Global Industrial Temperature Controllers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Industrial Temperature Controllers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Industrial temperature controllers are devices that help in maintaining the temperature for cooling or heating processes, irrespective of the environmental temperature. This device constantly checks the temperature of the medium and adjusts it to the optimal temperature. Basic temperature acts as an on/off switch. These controllers switch off if the medium reaches the set point and start again if the temperature increases or decreases. Industrial temperature controllers are classified as single loop/multiloop temperature controllers, hybrid temperature controllers, and analog temperature controllers.

Market Overview:

The latest research study on the global Industrial Temperature Controllers market finds that the global Industrial Temperature Controllers market reached a value of USD 1045.76 million in 2022. It’s expected that the market will achieve USD 1261.84 million by 2028, exhibiting a CAGR of 3.18% during the forecast period.

The production and sales of Industrial Temperature Controllers are affected by Covid-19

In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, especially labor-intensive industries, affected by the supply of raw materials and labor shortages.

For the Industrial Temperature Controllers industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some small factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.

But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.

Continuous innovation

Technological innovations have an important role in driving the growth of the market. To sustain in the competitive market, vendors should develop new ideas and technologies and stay up-to-date with the advanced technologies. The market determines the improvement of products, and all Industrial Temperature Controllers will develop in the direction of specialization, simple operation, convenient maintenance, quality assurance, and more user-friendly service experience in the future. In the Industrial Temperature Controllers market, manufacturers from the United States and Europe are the main leaders in the international market of Industrial Temperature Controllers. The quality of its Industrial Temperature Controllers has a good reputation in the market, forming brand influence.

The increasing demand of downstream industries

Some common uses of temperature controllers in industry include plastic extrusion and injection molding machines, thermoforming machines, packaging machines, food processing, food storage and blood banks. In the packaging field, machines equipped with sealing strips, gluers, hot melt functions, shrink packaging tunnels or label applicators must operate at specified temperatures and processing time lengths. The temperature controller precisely adjusts these operations to ensure high-quality product output. Temperature control in plastics industry is common in portable coolers, hoppers and dryers, and molding and extrusion equipment. In extrusion equipment, the temperature controller is used to accurately monitor the temperature at different critical points in plastic production. With the increasing demand of downstream industries, it will promote the development of Industrial Temperature Controllers industry.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Europe (26.17% in 2022).

Company Overview:

Omron is one of the major players operating in the Industrial Temperature Controllers market, holding a share of 17.08% in 2021.

Omron

Omron, founded in 1933, is a global leader in the field of automation based on its core technology of sensing and control, and has challenged the creation of social needs since its founding and has created various innovations that are the forerunners of the world. Omron's primary business is the manufacture and sale of automation components, equipment and systems, but it is generally known for medical equipment such as digital thermometers, blood pressure monitors and nebulizers.

Honeywell

Honeywell International Inc. is an American publicly traded, multinational conglomerate headquartered in Charlotte, North Carolina. It primarily operates in four areas of business: aerospace, building technologies, performance materials and technologies, and safety and productivity solutions.

Segmentation Overview:

By type, Multi-loop segment accounted for the largest share of market in 2021.

Single Loop

A single loop controller can only control one process loop.

Multi-loop

Multi-loop controllers can control multiple loops, which means they can accept multiple input variables. They are usually installed behind the panel, instead of being installed in front of the panel like the general single-loop controller.

Analog

The basic analog controller is mainly used for non-critical or simple thermal systems, and provides simple switching temperature control for direct or reverse action applications. Analog controller is a low-cost, simple controller with a wide range of applications, which can be used for robust and reliable process control in harsh industrial environments (including those with large electrical noise).

Hybrid

A hybrid temperature controller can perform all these functions by controlling and monitoring multiple temperature loops, by acting as a mini-PLC, and by providing limited but often sufficient operator-interface functionality. These hybrid temperature controllers excel at loop control, often employing self-tuning and basic artificial intelligence algorithms. This makes them suitable for the most demanding temperature control applications.

Application Overview:

The market's largest segment by application is the segment Food and Beverage, with a market share of 38.41% in 2021.

Food and Beverage

Common food processing applications involving temperature controllers include brewing, blending, sterilization, and cooking and baking ovens. Controllers regulate temperature and/or process time to ensure optimum performance.

Biology and Chemical

Common equipment using temperature controllers includes laboratory and test equipment, autoclaves, incubators, refrigeration equipment, and crystallization growing chambers and test chambers where specimens must be kept or tests must be run within specific temperature parameters.

Air Conditioning

Air conditioning system controls the temperature, humidity and air quality in indoor spaces.

Key Companies in the global Industrial Temperature Controllers market covered in Chapter 3:

Azbil
Fuji Electric
Chino Corporation
BrainChild
Durex Industries
TOHO Electronics
Panasonic
Autonics
Xiamen Yudian
Yokogawa Electric Corporation
SIMEX
Watlow
Wika
Novus
ASCON
Honeywell
WEST
Enda
Jumo
SHIMADEN
Hanyoung Nux
Omron
Emko
Shinko Technos
Schneider Electric
RKC Instruments
Gefran
ABB
Delta

In Chapter 4 and Chapter 14.2, on the basis of types, the Industrial Temperature Controllers market from 2018 to 2029 is primarily split into:

Single Loop
Multi-loop
Analog
Hybrid

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Industrial Temperature Controllers market from 2018 to 2029 covers:

Food and Beverage
Biology and Chemical
Air Conditioning

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)