According to the Market Statsville Group (MSG), the Global Single Loop Controller Market size is expected to grow around USD 107.13 million by 2030, at a CAGR of 1.24% from 2022 to 2030.
Many industrial facilities use single-loop controllers, including power plants, oil refineries, petrochemical plants, chemical plants, and iron and steel factories. These controllers collect measurements from sensors for temperature, flow rate, pressure, and other measurement types and transmit instructions to control elements like valves to keep these values within the desired range. There is a controller for each control loop. In the modern industrial setting, single loop controllers are frequently utilized to control small plant facilities and act as a backup for distributed control systems.
Due to the advent of hybrid temperature controllers and single loop controllers' improved flexibility in communication, greater process efficiency, and less waste, this market is anticipated to expand.
Global Single Loop Controller Market Dynamics
Drivers: Expansion of Various Industrial Verticals
During the projection period, factors such as the expansion of iron and steel projects, the need for petrochemicals, and increasing power generation capacity will speed up the market's overall expansion. The market is also growing due to changing energy trends, such as a rise in interest in unconventional energy sources, a booming power sector, and an increase in investments in projects for power generation. The market is expected to have considerable expansion due to the changing manufacturing sector trends, rising industrial and urbanization, and the adoption of industrial automation.
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Restraints: Stagnant Growth and High Installation Cost
The stagnating industrial expansion, particularly in developed nations, is predicted to reduce single-loop controllers' market growth rate. For instance, the single loop controller market is expected to face substantial challenges for the forecast period due to areas like North America and Europe having slower industrial growth than developing regions.
The single loop controllers are also quite expensive, which impedes the market's expansion as a whole. The global single loop controller market's expansion is further constrained by high costs of maintenance and the initial cost of deployment due to the growing need for large capital for systems.
Scope of the Global Single Loop Controller Market
The study categorizes the single loop controller market based on type, display type, panel cutout size and application at the regional and global levels.
By Type (Sales, USD Billion, 2017-2030)
Temperature Controller
Pressure Controller
Flow Controller
By Display Type (Sales, USD Billion, 2017-2030)
Liquid Crystal Display (LCD)
Light Emitting Diode (LED)
By Panel Cutout Size (Sales, USD Billion, 2017-2030)
1/4 DIN
1/8 DIN
1/16 DIN
1/32 DIN
By Application Outlook (Sales, USD Billion, 2017-2030)
Oil & Gas Plants
Petrochemical Plants
Chemical Plants
Iron & Steel Plants
Others
By Region Outlook (Sales, USD Billion, 2017-2030)
North America
US
Canada
Mexico
Europe
Germany
Italy
France
UK
Spain
Poland
Russia
The Netherlands
Norway
Czech Republic
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Indonesia
Malaysia
Thailand
Singapore
Australia & New Zealand
Rest of Asia Pacific
South America
Brazil
Argentina
Colombia
Rest of South America
The Middle East & Africa
Saudi Arabia
UAE
South Africa
Northern Africa
Rest of MEA
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Temperature Controller segment accounts for the largest market share during the forecast period by type
Based on type, the market is bifurcated into temperature controllers, pressure controllers and flow controllers. In 2021, temperature controller segment accounts for the largest market share. In industrial settings, precise management of these variables is essential because automation, which enables smaller employees to monitor and control complicated processes from a central location, enhances product quality. Temperature controllers are used extensively in many different applications across various industries, including power plants, petrochemicals, food and beverage manufacturing, and oil and gas. The advent of hybrid temperature controllers as an alternative to a PLC device and its capacity to increase process efficiency, eliminate waste, and provide flexible communication choices are other reasons driving the growth of the single-loop temperature controller market.
Asia Pacific is projected to account for the highest CAGR during the forecasted period, by Region
Based on the regions, the global single loop controller market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Asia Pacific is expected to account for the highest CAGR in the forecasted period due to the growing use of cutting-edge technology like Industry 4.0 and smart factories. In January, the Asia PMI sector output rankings were led by the autos and auto parts industry. The second and third fastest growing industries were goods for home and personal use, followed by machinery and equipment, metals and mining, and chemicals. Construction-related materials also experienced a modest increase as construction activity increased across numerous nations when lockdowns were lifted.
APAC has a high industrial automation solution adoption rate due to its expanding manufacturing industry. The single loop controller market in APAC is expanding as a result of the region's dense population, rising per capita income, extensive industry, and rapid urbanization.
Key Market Players in the Global Single Loop Controller Market
The global single loop controller market is quite competitive, with key industry players adopting strategies such as product development to strengthen their market positions.
Major players in the global single loop controller market are:
ABB Ltd.
Yokogawa
WEST Control Solutions
Sure Controls
Gefran
Eurotherm
Epigan NV
OMRON
Azbil Corporation
PSG Plastic Service GmbH
Carotek
Fujitsu
Toshiba Corporation
Texas Instruments Incorporated
Mitsubishi Chemical Corporation
Siemens
Belkin International, Inc
VisIC Technologies
GaN Systems Inc.
Navitas Semiconductor Ltd.
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Recent Developments
In March 2022, Mitsubishi Electric Corporation announced that it had acquired 42,000 square meters of land in Owariasahi City, Aichi Prefecture, Japan, to establish a new production site to manufacture factory automation (FA) control system products from April 2025.
In August 2021, Azbil Corporation announced the launch of the digital mass flow controller model F4Q. The new controller features high-speed response and high accuracy, providing an at-a-glance understanding of control status.
In June 2021, Texas Instruments Incorporated (TI) announced that it signed an agreement to acquire Micron Technology's 300-mm semiconductor factory (or "fab") in Lehi, Utah, for $900 million. This investment will continue to strengthen its competitive advantage in manufacturing and technology.
In June 2020, Gefran introduced the new frontier for electrical power management, GFX4-IR. It is a solution for managing electrical power, which can improve the efficiency of production processes thanks to the integration of several functions for the total control of 4 independent electrical resistive loads.
In February 2020, Gefran presented the updated Performance Series of double loop PID Controllers, with control functions of motorized valves and generation of setpoint profiles. The range was made up of models 850, 1650, and 1850, enhanced by new connectivity and usability features that allow the PID controllers to become smart devices, particularly suited for installations in 4.0 modern automation architectures.
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