Hot Runner Temperature Controller Market to Grow at a CAGR of 7.3% to reach US$ 203.17 million from 2021 to 2028 says The Insight Partners - Digital Journal

2022-08-27 07:25:19 By : Ms. Anna Silver Fox

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The Insight Partners adds “Hot Runner Temperature Controller Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Valve Gate Hot Runner and Open Gate Hot Runner), Application (Automotive Industry, Electronic Industry, Medical Industry, Packaging Industry, and Others), and Control Zone (Up to 12 Zones, 12-48 Zones, 48-72 Zones, 72-108 Zones, 108-144 Zones, 144-180 Zones, 180-216 Zones, and Above 216 Zones)” research report to the Electronics and Semiconductor category of its store.

The hot runner temperature controller market is expected to grow from US$ 124.31 million in 2021 to US$ 203.17 million by 2028; it is estimated to grow at a CAGR of 7.3% during 2021–2028.

Request Sample PDF Brochure of Hot Runner Temperature Controller Industry Size – COVID-19 Impact and Global Analysis with Strategic Developments at: https://www.theinsightpartners.com/sample/TIPRE00024896/

Key Recent Developments: Hot Runner Temperature Controller Industry

The players operating in the hot runner temperature controller industry adopt strategies such as mergers, acquisitions, and industry initiatives to maintain their positions in the industry. A few developments by key players are listed below:

Progress of IoT and Industry 4.O

Industry 4.0 and the Internet of Things (IoT) play a vital role in the automation and plastic molding processes. Technological enhancements such as integrating linked devices with the Internet of Things (IoT) and smart sensors are among the key factors contributing to the hot runner temperature controller market growth. These cutting-edge technologies aid real-time data collection and analysis for the plastic molding process, lowering the risk of production flaws and errors. In molding, temperature controllers are utilized to modify valve pin timing, and monitor and manage the molding process. The incorporation of temperature and pressure sensors in molds maximizes molding efficiency, and it further indicates the ongoing innovations for improving the quality of various parts. Moreover, new electric valve gate technologies allow a faster response to valve pin opening. Furthermore, improved controller technologies make communication between the press and the valve pin working sequence easier. In-cavity sensor technologies also enable hot runner systems to adjust to differences between the viscosities of various materials. As the industry transitions to bio-resins, these viscosity variances may become much more pronounced, necessitating the use of closed-loop communication to regulate temperatures inside the hot runner system, thereby bringing more stability in the process.

The features of profiTEMP+ hot-runner temperature controller offered by Meusburger make the setup more accessible and enable the Industry 4.0 capability on the back of a new connection for a radio-frequency identification (RFID) reader; a new setup wizard makes system configuration easier. The RFID reader and connection allow enhanced communication and information-sharing capabilities to numerous equipment and devices, which helps firms in transition toward Industry 4.0. Other factors, including the introduction of Industry 4.0 and favorable government regulations for the use of lightweight plastic molding systems, are expected to further propel the industry growth in the coming years.

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Hot Runner Temperature Controller Industry Research Study Scope:

The Insight Partners Research Report Guidance:

The report provides qualitative and quantitative analysis of global Hot Runner Temperature Controller industry segmented by product, technology and geographic regions.

Directly Purchase Premium Copy of Hot Runner Temperature Controller Industry Growth Report (2022-2028) at: https://www.theinsightpartners.com/buy/TIPRE00024896/

Expert Opinions on Hot Runner Temperature Controller Industry:

During the course of the research study, various leading industry experts, global sales managers, key opinion leaders, and industry veterans shared their valuable and critical insights about global and regional trends related to the Hot Runner Temperature Controller industry. As a result, the figure below summarizes a few expert opinions collected during the primary research for the global Hot Runner Temperature Controller industry.

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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