Single Loop Controller Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Single Loop Controller Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : August, 2019 | Semiconductor & Electronics | PPT format

Report Digest


Global Single Loop Controller Market: Introduction

The global single loop controller market has been witnessing a significant surge in its valuation, thanks to wide application base. With the continued advancement in technologies, the demand for single loop controller has augmented drastically. This, in turn, is boosting the global single loop controller market to a great extent.

In this research report, a thoroughly evaluated assessment of the global single loop controller market has been presented using quantitative and qualitative analysis techniques. It has assessed the market’s performance over the period from 2018 to 2028 on the basis of the key trends and market dynamics. It also offers precise analyses of the main segments and each of the regional single loop controller markets across the world.

Global Single Loop Controller Market: Notable Developments

  • Recently, Yokogawa released an improved version of the STARDOM network-based control system. Which consists of several components, such as HMI and FAST/TOOLSTM SCADA. The key application of this control system is operation, data collection, control, monitoring, and storage. In a separate event, the company announced a partnership between Yokogawa United Kingdom Ltd., its subsidiary and British Pipeline Agency Limited (BPA) in order to provide supervisory control and data acquisition (SCADA) systems and enterprise pipeline management solution (EPMS) for major multi-product fuel pipeline project in the United Kingdom.
  • ABB has announced the acquisition of GE Industrial Solutions. With this move, the company is looking to strengthen its position in the electrification industry and expanding its access to North America.

The key players in the global single loop controller market are WEST Control Solutions, Eurotherm, Honeywell, ABB, OMRON, Sure Controls, Yokogawa, Gefran, Azbil Corp., Mitsubishi, Carotek, and PSG Plastic Service GmbH. These players are expected to be involved in mergers, acquisitions, and strategic partnerships to gain a strong foothold in the worldwide sigle loop controller market over the years to come.

Global Single loop controller Market Dynamics

The demand for single loop controllers is likely to increase tremendously in the near future. Their extensive application in various industries, such as the oil and gas, petrochemicals, food and beverages, and power plants is expected to propel the global single loop controller market substantially in the years to come. The advent of hybrid temperature controllers and the ability to enhance the process efficiency, communicate flexibly, and minimize waste of single loop controllers are also projected to boost this market over the next few years.

Asia Pacific to Report Faster Growth

In terms of the region, the single loop controller market in Asia Pacific has been leading the global market. Asian economies, such as India, China, and Japan, are reporting a significant rise in the advancements and uptake of technologies, such as Industry 4.0 and smart factory. The significant rise in the manufacturing industry, is thereby, influencing the uptake of industrial automation solutions in this region. This, in turn, is reflecting greatly on the single loop controller market in Asia Pacific.

Going forward, the dense population and the rising per capita income of consumers in this region will support the Asia Pacific single loop controller market significantly over the next few years. The large-scale industrialization and urbanization in this region is also projected to boost the demand for single loop controller in Asia Pacific in the near future.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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