PID Controller Market Size, Share, Growth & COVID-19 Impact Analysis, By Type (Temperature PID Controllers, Pressure PID Controllers, Flow PID Controllers, Motion PID Controllers), By Application (Oil & Gas, Food & Beverage, Power, Chemical, and Others), and Regional Forecasts, 2022-2029

The global PID controller market size was valued at USD 1.42 billion in 2021. The market is expected to grow from USD 1.52 billion in 2022 to USD 1.94 billion by 2029, exhibiting a CAGR of 4.2% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with PID controller experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. Based on our analysis, the global market exhibited a growth of 0.1% in 2020 as compared to 2019.

PID stands for proportional integral derivative controller. It is an instrument widely used in the industrial sector to regulate pressure, temperature, flow, speed, and other process variables. Such controllers are used to control loop feedback mechanism to control process variables. They are also considered as one of the most stable and accurate controllers.

COVID-19 IMPACT

Halt on Various Sectors Affected the Market Growth Negatively 

The pandemic of COVID-19 has become a global health threat and has affected more than 195 countries globally. There are various business sectors affected by the pandemic such as the manufacturing sector, hospitality, power generation sector, and others. Governments of various countries had to impose a lockdown. Manufacturing of several devices, including these controllers, were halted for certain time. The demand from end-user industries was also declining as many industries were not functioning during the COVID-19 period. Proportional integral derivative controller manufacturers faced raw material shortages, which affected the market growth rate.

LATEST TRENDS

Penetration of Hybrid Controllers across Various End-user Industries to Propel Market Growth

New technological developments and adoption of Artificial intelligence (AI), Machine Learning (ML), and automation are implemented across the process industries for fast & easy work and reduction of production time. The manufacturers are using hybrid controllers, which are integrated with AI technology for automating the work.

A novel hybrid ant colony optimization based PID of the direct torque control for a double fed induction motor, adoption of such controllers using AI technique for speed regulator of isolated steam turbine, an innovative hybrid (PID + MRAC) adaptive regulator for an air levitation system, hybrid controllers for pressure process control usage.

DRIVING FACTORS

Rising Adoption of PID Controllers across Various Industries to Augment the Market Growth

PID controller is widely utilized in many industries, such as food and beverages, chemical, and oil & gas, as they need to maintain the temperature, pressure, flow, and speed of some equipment. For example, chemical and food & beverage industries need to maintain the temperature inside the lab, oven, and storage tanks, which is done using such controllers in large-scale plants. Furthermore, these controllers are gaining traction owing to their low-cost nature and lower calculated error value that makes the system more reliable and accurate.

Around 95% of the closed-loop processes of the industrial automation sector utilize these controllers. Additionally, due to the flexibility and consistency of the controllers, these are usually used in process control applications. Thus, the industries are widely adopting such devices.

Increasing Deployment of PID Controllers due to Lower Cost and Power Consumption

Proportional integral derivative controllers are considered as one of the cost-effective solutions, as the devices that consume low energy are pocket friendly, even for small industries. They are easy to use and monitor flow, voltage, and other supplies. It comprises of current-voltage transmitter, flow meter, an RTD and thermocouple equipped temperature measurement section, SMPS-based power supplying section, plug-in type alarm along with adjustable parameters. They are preferred for user-friendly design, precise operation, application of advanced technology, LED display facility, graphic bar-based output data displaying arrangement, alarm function, and long working life.

RESTRAINING FACTORS

Availability of Alternatives to PID Controllers is Likely to Hinder the Market Growth

The key factor hampering the market growth is the rising demand for PLC devices owing to PLC's advanced loop processing capacity and multifunctional ability in the industrial service. PLCs offer greater flexibility and flexibility in programming to meet broader application needs. The programming languages are also often familiar as the technology is used in many areas of the plant. The rising adoption of PLCs acts as a restraint for the market growth.

SEGMENTATION

By Type Analysis

Temperature PID Controllers to Hold Major PID Controller Market Share Due to Growing Demand from Industrial Sectors

On the basis of type, the market is divided into temperature, pressure, motion, and flow. Temperature controllers are widely adopted to regulate the temperature in industries such as food & beverage, chemical, petrochemical, metal manufacturing, and others. These controllers are one of the basic requirements for every industry as some equipment needs to be maintained at a constant temperature. Due to the above factors, this segment accounts for dominant market share.

The pressure PID controllers segment is anticipated to foresee significant growth during the forecast period. The deployment of such type of controllers is rapidly increasing due to automation in several industries.

By Application Analysis

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Oil & Gas Segment to Hold Major Part in the Market Due to High Deployment 

By application, the market is divided into oil & gas, food & beverage, power, chemical, and others. The oil & gas segment is anticipated to lead the application segment in 2021 in the global market. The demand for such controllers is widely increasing in the oil & gas segment as the sector involves some equipment in different processes, which require a controller to regulate variables such as temperature, pressure, speed, and others.

The food & beverage segment is estimated to register significant growth during the forecast period. The industry involves processes and types of machinery functioning at different temperatures, pressure, and motion, which requires such controllers to regulate different variables. This will likely drive growth in the food & beverage segment during the PID controller market forecast period.

REGIONAL INSIGHTS

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Asia Pacific to Hold Largest Share Due to Extensive Industrialization 

On the basis of geography, the global market is studied across North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America.

The Asia Pacific region is estimated to dominate the market share during the forecast period owing to rapidly increasing industrialization across several countries such as India, South Korea, Thailand, Indonesia, Singapore, and others. The region is highly focused on enhancing current industrial infrastructure and deploying technologically advanced equipment. Japan and China are primary manufacturers of such controllers and also for several raw materials, which are likely to drive growth in the market.

The North America region is estimated to witness a significant growth during the forecast period, owing to the strong foothold of several end-user industries such as food & beverage, chemical, and oil & gas. Adoption of new technologies, including hybrid controllers is also increasing in the region. Rising power consumption also leads to new power generating plants. This is further expected to boost the market growth in the region.

Europe is also likely to witness growth at a rapid pace over the forecast period. The region is transitioning from conventional power generating plants to renewable power plants. The transition involves the development of new units, which further increases the product demand. Rising industrial development and increasing maintenance of older industrial equipment are further anticipated to surge the demand for such controllers.

The Middle East & Africa and Latin America regions are also anticipated to grow significantly throughout 2022-2029. Industrialization is increasing exponentially. These regions rapidly deploy the latest technologies in their industries, which surges the demand for such controllers. Investment in industrial growth is increasing widely in the Middle East and Africa region, which further drives growth in the market.

KEY INDUSTRY PLAYERS

Primary Market Players Focus on Increasing Reliability and Accuracy of Proportional Integral Derivative Controller Devices 

The market is highly segmented owing to numerous prominent players influencing the competitive landscape globally. Honeywell, Panasonic, Fuji Electric, Watlow, OMRON, Eurotherm, and ABB are some of the major players in the market. These companies have a strong foothold globally and are participating in numerous development activities to strengthen their market share. The companies are highly focused on product reliability enhancement and technology upgradation.

• In June 2022, Gefran announced the launch of the CFR-compliant version of its multifunction series of multi-loop controllers. These controllers can meet the standards required by the Food & Drug Administration (FDA) under 21 CFR Part 11. Such controllers will be adopted in the pharmaceutical industries.  

LIST OF KEY COMPANIES PROFILED:

• Honeywell (U.S.)


• Panasonic (Japan)


• Fuji Electric (Japan)


• Watlow (U.S.)


• OMRON (Japan)


• Eurotherm (U.K.)


• ABB (Switzerland)


• Gefran (India)


• RKC Instrument (Japan)


• Durex Industries (U.S.)


• Calex Electronics (U.K.)


• Enfield Technologies (U.S.)

KEY INDUSTRY DEVELOPMENTS:

• May 2022 – Watson came up with PM LEGACY and PM Plus controllers having the best user interface and enhanced performance. These controllers are next-generation devices with modern, rugged display screens and easy configurations.


• May 2022 – Panasonic launched its first motion controller in its lineup, GM1. It combines the features of motion functions along with the functionality of a PLC such as positioning, I/O modules, network modules, and high frequency in one compact design controller.


• March 2021 – Honeywell announced the launch of its new PID controllers - UDC2800. These new devices help to improve control over the business processes and costs, and the device possesses higher accuracy, faster configuration, and a user-friendly interface.


• January 2021 – Watlow launched its new "1/32 DIN PM legacy" controllers. These are the first 1/32 DIN controllers having wireless Bluetooth technology in the market. These controllers are monitored and adjusted via a mobile app.


• January 2020 – Gefran presented all-in-one multifunctional controllers 3850T and 2850T. It combines precision controllers, a set point programmer, secure data logging, batch reporting, and a powerful function block. This will allow customized programs with sequence control configurability.

REPORT COVERAGE

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The research report provides a detailed market analysis. It focuses on key aspects such as leading companies and services of the product. Besides this, the report offers insights into the market analysis, trends, and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the market in recent years.

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