Single Loop Controller Market

Single Loop Controller Market Outlook (2023 to 2033)

The global single loop controller market size is projected to garner modest growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is anticipated to cross a valuation of USD 101.3 million in 2023.

It is predicted to hit a valuation of USD 170.0 million by 2033. The market is foreseen to thrive at a CAGR of 5.3% from 2023 to 2033.

Single loop controllers are frequently employed in industrial automation systems to regulate variables like temperature, pressure, flow, and level. Moreover, single loop controllers are increasingly in demand since automation is being adopted widely across a range of sectors to manage and maintain optimal process conditions.

In sectors including industrial, oil and gas, chemical, and power generation, these controllers are crucial for automating and optimizing operations.

Attributes	Details
Single Loop Controller Market Share (2022)	USD 99.0 million
Single Loop Controller Market Share (2023)	USD 101.3 million
Single Loop Controller Market Share (2033)	USD 170.0 million
Single Loop Controller Market Share (2023 to 2033)	5.3%

Other Drivers Propelling the Demand for Single Loop Controllers

The rising need for sophisticated control systems is being driven by the growing popularity of Industry 4.0 concepts and the trend of industrial digitalization. Single loop controllers contribute to this digital transition by offering consistent control over crucial process variables in linked systems and smart factories. Safety is a top priority in all sectors, and sustaining safe working conditions requires exact control of key factors.

Single loop controllers encourage the adoption of safety laws and compliance standards by helping to achieve such criteria. The idea of "smart manufacturing," which is fueled by automation and data-driven decision-making, is gaining traction.

By offering intelligent control over certain process variables and harmonizing with the large goals of smart manufacturing, single loop controllers contribute to this shift.

Challenges for the Single Loop Controller Industrya

• The complexity of managing and coordinating several controllers may make it difficult to scale up single loop controllers for expansive operations.
• Single loop controllers were designed to regulate just one variable, and they might not be able to handle intricate control schemes or several variables operating at once.
• Single loop controllers could fall short when compared to sophisticated control systems, such as Distributed Control Systems (DCS) or Programmable Logic Controllers (PLC).

Opportunities for Single Loop Controller Manufacturers

• Technology advancements may result in the development of increasingly complex and feature-rich single loop controllers. These controllers provide enhanced accuracy, quick reaction times, sophisticated control algorithms, and integration with digital communication protocols.
• Single loop controllers are compatible with the Internet of Things (IoT) and Industry 4.0 ideas, allowing for remote monitoring, data analysis, and control parameter improvement.

There are plenty of opportunities for single loop controllers to comply with their unique control requirements as new industries emerge or established industries undergo transitions.

Single Loop Controller Market Historical Analysis (2018 to 2022) Vs. Forecast Outlook (2023 to 2033)

The global single loop controller industry size developed at a CAGR of 2.1% from 2018 to 2022. In 2018, the global market size stood at USD 91.0 million. In the following years, the market witnessed substantial growth, accounting for USD 99.0 million in 2022.

In recent years, many complex and feature-rich single loop controllers have been developed largely as a result of technological advancements. These controllers could provide enhanced precision, quick reaction times, sophisticated control algorithms, and integration with digital communication protocols.

With improvements, single loop controllers become attractive to industries looking for improved control performance. Industries including oil and gas, power generation, chemicals, HVAC and building automation, food and beverage, and others are increasingly adopting

single loop controllers to employ in various processes, thereby boosting the market growth.

Historical CAGR (2018 to 2022)	2.1%
Forecasted CAGR (2023 to 2033)	5.3%

Category-wise Insights

Temperature Controllers to Dominate During the Forthcoming Years

According to the segmentation based on type, the temperature controller segment is anticipated to thrive at a CAGR of 5.1% from 2023 to 2033.

Several industries, including manufacturing, process control, and research, depend mainly on the degree of temperature. By precisely regulating and controlling temperature, temperature controllers make sure that operations are carried out within prescribed temperature ranges. For the safety, efficiency, and quality of the production process, precise temperature regulation is essential.

Temperature controllers help processes run efficiently by ensuring temperature precision and stability. They aid in reducing temperature swings, lowering process variability, and enhancing overall process efficiency, which boosts their demand in the global market. Process improvement results in high yields, low waste, and better-quality products, and flourishes in growth for the market.

Single Loop Controllers’ Application to Amplify in Oil and Gas Plants

According to the segmentation based on application, the oil and gas plants segment is predicted to expand at 4.9% CAGR from 2023 to 2033.

Single loop controllers are widely used in the oil and gas sector to manage variables like temperature, pressure, and flow in refineries, petrochemical facilities, and pipelines. These controllers provide process efficiency optimization, safety maintenance, and product quality maintenance.

Hazardous materials handling, high temperatures, and high pressures are all part of oil and gas operations. Single loop controllers guarantee that crucial parameters are kept within safe bounds, avoiding equipment breakdowns, the process halts, and safety problems. Moreover, the oil and gas industry places high importance on compliance with strict industry laws and safety requirements, and single loop controllers help to achieve and maintain compliance.

Country-wise Insights

Why does Asia Pacific Dominate the Global Market?

Asia Pacific is anticipated to dominate the global market for single loop controllers during the forecast period. Japan, China, India, and South Korea are expected to significantly escalate the market growth in Asia Pacific due to:

• Increasing technological developments.
• Expanding industries employing single loop controllers.

Among the aforementioned nations, China is predicted to lead market growth in Asia Pacific. Single loop controller market in China is predicted to register a 6.7% CAGR from 2023 to 2033. China has undergone significant industrial development and has emerged as a dominant nation in the worldwide manufacturing market.

China is considered the "world's factory" and controls a large portion of the global manufacturing market. Single loop controllers give manufacturers the required control capabilities for dependable and effective production processes.

Control systems, notably single loop controllers, are in high demand across the nation's manufacturing sectors, including chemicals, electronics, and automotive.

The market in Japan is anticipated to expand at 5.5% CAGR during the forecast period. Japan has a long history of technological innovation and is a pioneer in a multitude of industries, including manufacturing, electronics, and the automobile industry. Single loop controllers are becoming popular due to the nation's emphasis on precision engineering and automation.

The government of Japan has backed programs encouraging energy efficiency, technical breakthroughs, and industrial automation. Such initiatives stimulate market expansion by fostering an atmosphere that is conducive to single loop controller adoption.

How is North America Faring in the Global Market?

Industries in North America highly value consistency and product quality. Single loop controllers offer fine control over crucial parameters like temperature and pressure, maintaining consistent product quality and minimizing variances. Further, this is especially crucial in sectors like chemicals, food & beverage, and medicines.

The development of control system technologies has helped the market grow. In North America, the market in the United States for single loop controllers is projected to expand at 3.7% CAGR from 2023 to 2033. The United States is a center for technical innovation. These improvements include enhanced control algorithms, quick processing speeds, sophisticated communication protocols, and connectivity with the Industrial Internet of Things (IIoT) infrastructure.

For industrial automation and control systems, especially single loop controllers, the United States occupies an enormous market. The United States has a large manufacturing industry that is fueled by sectors like oil and gas, chemicals, power generation, and pharmaceuticals, among others. The expansion of these industries bolsters growth prospects for the market.

Country	The United States
Forecasted CAGR (2023 to 2033)	3.7%

Country	The United Kingdom
Forecasted CAGR (2023 to 2033)	3.1%

Country	China
Forecasted CAGR (2023 to 2033)	6.7%

Country	Japan
Forecasted CAGR (2023 to 2033)	5.5%

Country	South Korea
Forecasted CAGR (2023 to 2033)	5.7%

Competitive Landscape

The key players operating in the market strongly emphasize ongoing product research and innovation. To meet the changing demands of various sectors and applications, they make investments in research & development to improve performance, features, and functions.

Companies collaborate and develop strategic alliances with other market participants, including distributors, system integrators, and technology providers. These alliances assist businesses in utilizing their complementary capabilities, breaking into new markets, and growing their consumer base.

Recent Developments Observed by FMI

• In November 2022, Azbil introduced a high-precision single loop controller, C1A, with a quick response. From installation through maintenance, the new launch seeks to lessen the workload on staff. The C1A achieves a high accuracy of 0.1% of the reading (for thermocouple or Pt100 RTD) and high-speed response with a sample cycle of 25 ms. It is outfitted with different labor-saving functionalities for production sites despite having a small front panel size of 48 mm x 48 mm.

Key Players Operating in the Global Market

• ABB Ltd.
• Honeywell International PLC
• WEST Control Solutions
• Sure Controls Inc.
• Eurotherm Limited
• Yokogawa Electric Corporation
• OMRON Corporation
• Gefran S.p.A.
• Mitsubishi Motors Corporation
• Azbil Corporation
• PSG Plastic Service GmbH
• Carotek Inc.
• Others

Scope of the Report

Report Attributes	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	USD million for Value
Key Regions Covered	North America; Latin America; Europe; Asia Pacific; The Middle East & Africa (MEA)
Key Countries Covered	The United States, Canada, Germany, The United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of EMEAI, Brazil, Peru, Argentina, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASIAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others
Key Segments Covered	Type, Display Type, Panel Cutout Size, Region
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Single Loop Controller Market Segmentation

By Type:

• Temperature Controller
• Service
• Level Controllers

By Display Type:

• LCD
• LED

By Panel Cutout Size:

• ¼ Din
• 1/8 Din
• 1/16 Din
• 1/32 Din

By Application:

• Oil and Gas Plants
• Petrochemical Plants
• Power Plants
• Chemical Plants
• Iron and Steel Plants
• Others

Frequently Asked Questions

What is the Present Market Value in 2023?

The market is valued at USD 101.3 million in 2023.

What is the Single Loop Controller Market Growth Outlook?

The market is estimated to develop at a CAGR of 5.3% from 2023 to 2033.

Who are the Essential Players in the Market?

ABB Ltd., and Honeywell International PLC, are the essential market players.

Which is the Key Segment by Type?

The temperature controller segment is likely to remain preferred through 2033.

What is the Projected Market Size in 2033?

The market is estimated to reach USD 170.0 million by 2033.