How Does Industrialization Impact Industrial Temperature Controller Demand? - Digital Journal

2022-05-21 21:19:20 By : Mr. Yifei Zhou

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Including Communication Features To Control Devices Remotely And The Reduced Size Of Equipment Have Been Enabling The Market To Gain Momentum. This Trend Will Continue As Market Player Focus On Advancements In The Communication Process Of Devices To Enable Connection With A Computer. This Will, In Turn, Give Access To Data Required For Product Optimization.

In the last couple of years, the implementation of industrial temperature control has undergone several stages of evolution, starting from indigenous mechanical to microprocessor-based systems. With the digital implementation of industrial temperature controllers gaining momentum, the growth registered by the market is poised to surge in the coming years.

Key Takeaways from Industrial Temperature Controller Market Report

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“Rapid Industrialization on Global Scale to Propel Industrial Temperature Controller Shipments”

The industrialization has increased substantially across the world owing to rising demand from the growing population and overall investments in the development of the world economy. This phenomenon has spawned a high demand for industrial equipment and devices.

Increasing demand for power generation is expected to propel sales of industrial thermostat controllers, industrial oven controllers, industrial thermostat switches, etc. Sales of industrial temperature controllers enjoy Y-o-Y growth at 4.5% in 2022.

The COVID-19 pandemic has disrupted various industries, including the industrial temperature-controlled market. Implementing lockdown and transport bans has brought production to a halt because of the lack of raw materials. This market experienced a significant drop in value from US$ 1,929 Mn in 2019 to US$1,910 Mn in 2020.

The market is, however, expected to recover and showcase an upward trajectory from 2021 onwards. The growing need for safe vaccine storage and food shipments is expected to increase demand in the market.

Increasing applications of industrial temperature controllers have been creating growth opportunities for players in the market. They are now focusing on producing advanced technologies to improve reading accuracies as well as ensure a safe working environment. New intelligent controllers are being introduced to boost temperature control rates and promote remote access.

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For instance, Omron introduced the NX-TC series with Artificial Intelligence (AI) in 2018. It is particularly designed for multi-loop applications and offers easier in-panel installation.

Some of the key players in the industrial temperature-controlled market are Honeywell, Panasonic, Delta, Durex Industries, Xiamen Yudina, Jumo, Schneider Electric, Yokogawa Electric Corporation, ABB Ltd., Rockwell Automation, Autonics, Tempatron, Omron Industrial, Fuji Electric Co., Omega Engineering, Analog Devices, Watlow, RKC Instruments and Siemens.

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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.

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