The single loop controller market was valued at USD 94 million in 2018 and is expected to reach USD 103 million by 2024, at a CAGR of 1.4% from 2019 to 2024. Changing energy trends and increasing demand for alternative energy sources, booming power sector, and rising investments toward power generation projects drive the growth of the market. Product launches & developments and partnerships, contracts, agreements & collaborations were the key strategies adopted by players to increase their share in the single loop controller market from 2016 to 2018.
West Control Solutions (US) is among the top leaders in the single loop controller market. The company operates as a subsidiary of Danaher Corp. West Control Solutions is a global specialist in process and temperature control. The company provides temperature and process control solutions and has a broader range of products for control solutions. The company has an extensive portfolio of single loop controllers that find their applications in plastics, ovens & furnaces, as well as in packaging, food & beverages, and life sciences industries. The company continues to invest in research and development and is the worldwide center of excellence for the development and manufacturing of temperature and process controllers for its entire business group.
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Yokogawa (Japan) offers solutions under its Industrial Automation and Control business segment. This segment markets products & solutions such as control systems, field instruments, safety instrument systems (SIS), filed wireless solutions, enterprise resource planning (ERP) systems, and asset management solutions. The company offers a complete product line that supports all types of control applications, including single loop controllers, temperature controllers, program controllers, panel indicators, and configuration tools. The company’s extensive product portfolio helps cater to different customers and can withstand demand–supply fluctuations arising in various product segments. The company has a strong presence in Asia. 90% of the company’s revenue comes from the Industrial Automation and Control business segment; 70% of this revenue is generated outside of Japan.
Eurotherm (UK) is a leading global supplier of industrial automation & process control solutions, measurement & data management solutions, and related services. The company provides a wide range of products with advanced features, and these products are designed to make operations seamless and reduce engineering time. The company’s strength lies in its extensive product portfolio through which the company provides several types of temperature controllers for different applications. The company serves all major industries in this market, such as glass manufacturing, heat treatment, plastics, life sciences, food & beverages, oil & gas, and utilities.
Single Loop Controller Market Type, Display Type (LCD, LED), Panel Cutout Size, Application (Oil & Gas Plants, Petrochemical Plants, Iron & Steel Plants, Power Plants, Chemical Plants), and Geography - Global Forecast to 2024
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