According to the Market Statsville Group (MSG), the global single loop controller market size is expected to grow around USD 107.13 million by 2030, at a CAGR of 1.24% from 2022 to 2030.  

Many industrial facilities use single-loop controllers, including power plants, oil refineries, petrochemical plants, chemical plants, and iron and steel factories. These controllers collect measurements from sensors for temperature, flow rate, pressure, and other measurement types and transmit instructions to control elements like valves to keep these values within the desired range. There is a controller for each control loop. In the modern industrial setting, single loop controllers are frequently utilized to control small plant facilities and act as a backup for distributed control systems.

Due to the advent of hybrid temperature controllers and single loop controllers' improved flexibility in communication, greater process efficiency, and less waste, this market is anticipated to expand.

COVID-19 Impact on the Global Single Loop Controller Market

The COVID-19 pandemic has significantly impacted the global economy, affecting the single loop controller market as well. The discontinuation of industrial operations reduced the demand for single-loop controllers. The single loop controller's significant contribution to the industrial sector's lower demand during the lockdown period also resulted in significant losses for the market. The global shutdown has substantially damaged the health of the single loop controller market by stopping numerous industrial processes and disrupting supply networks. The single loop controller market's income has been impacted by the closure of the petrochemical, oil and gas, power, iron and steel, chemical, and other industrial facilities. As a result, the single loop controller market suffered a major setback due to COVID-19.

Global Single Loop Controller Market Dynamics

Drivers: Expansion of Various Industrial Verticals

During the projection period, factors such as the expansion of iron and steel projects, the need for petrochemicals, and increasing power generation capacity will speed up the market's overall expansion. The market is also growing due to changing energy trends, such as a rise in interest in unconventional energy sources, a booming power sector, and an increase in investments in projects for power generation. The market is expected to have considerable expansion due to the changing manufacturing sector trends, rising industrial and urbanization, and the adoption of industrial automation.

Restraints: Stagnant Growth and High Installation Cost

The stagnating industrial expansion, particularly in developed nations, is predicted to reduce single-loop controllers' market growth rate. For instance, the single loop controller market is expected to face substantial challenges for the forecast period due to areas like North America and Europe having slower industrial growth than developing regions.

The single loop controllers are also quite expensive, which impedes the market's expansion as a whole. The global single loop controller market's expansion is further constrained by high costs of maintenance and the initial cost of deployment due to the growing need for large capital for systems.

Opportunities: Growing Prevalence of Hybrid Temperature Controllers

According to estimates, introducing hybrid temperature controllers would open attractive market opportunities and accelerate the market's growth rate. Due to its ability to increase process efficiency, decrease single loop controller waste, and communicate with flexibility, this is one of the features that is projected to fuel growth potential in the single loop controller market.

Numerous market expansion prospects are also provided by the growing rate of technological advancements along with the adoption of technologies like smart factories and Industry 4.0. As technology advances, the demand for single-loop controllers has increased dramatically. Globally, this has a very good effect on the single-loop controller market.

Scope of the Global Single Loop Controller Market

The study categorizes the single loop controller market based on type, display type, panel cutout size and application at the regional and global levels.

By Type (Sales, USD Billion, 2017-2030)

• Temperature Controller
• Pressure Controller
• Flow Controller    

By Display Type (Sales, USD Billion, 2017-2030)

• Liquid Crystal Display (LCD)
• Light Emitting Diode (LED)

By Panel Cutout Size (Sales, USD Billion, 2017-2030)

• 1/4 DIN
• 1/8 DIN
• 1/16 DIN
• 1/32 DIN

By Application Outlook (Sales, USD Billion, 2017-2030)

• Oil & Gas Plants
• Petrochemical Plants
• Chemical Plants
• Iron & Steel Plants
• Others

By Region Outlook (Sales, USD Billion, 2017-2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

Temperature Controller segment accounts for the largest market share during the forecast period by type

Based on type, the market is bifurcated into temperature controllers, pressure controllers and flow controllers. In 2021, temperature controller segment accounts for the largest market share. In industrial settings, precise management of these variables is essential because automation, which enables smaller employees to monitor and control complicated processes from a central location, enhances product quality. Temperature controllers are used extensively in many different applications across various industries, including power plants, petrochemicals, food and beverage manufacturing, and oil and gas. The advent of hybrid temperature controllers as an alternative to a PLC device and its capacity to increase process efficiency, eliminate waste, and provide flexible communication choices are other reasons driving the growth of the single-loop temperature controller market.

Asia Pacific is projected to account for the highest CAGR during the forecasted period, by Region

Based on the regions, the global single loop controller market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Asia Pacific is expected to account for the highest CAGR in the forecasted period due to the growing use of cutting-edge technology like Industry 4.0 and smart factories. In January, the Asia PMI sector output rankings were led by the autos and auto parts industry. The second and third fastest growing industries were goods for home and personal use, followed by machinery and equipment, metals and mining, and chemicals. Construction-related materials also experienced a modest increase as construction activity increased across numerous nations when lockdowns were lifted.

APAC has a high industrial automation solution adoption rate due to its expanding manufacturing industry. The single loop controller market in APAC is expanding as a result of the region's dense population, rising per capita income, extensive industry, and rapid urbanization.

Key Market Players in the Global Single Loop Controller Market

The global single loop controller market is quite competitive, with key industry players adopting strategies such as product development to strengthen their market positions.

Major players in the global single loop controller market are:

• ABB Ltd.
• Yokogawa
• WEST Control Solutions
• Sure Controls
• Gefran
• Eurotherm
• Epigan NV
• OMRON
• Azbil Corporation
• PSG Plastic Service GmbH
• Carotek
• Fujitsu
• Toshiba Corporation
• Texas Instruments Incorporated
• Mitsubishi Chemical Corporation
• Siemens
• Belkin International, Inc
• VisIC Technologies
• GaN Systems Inc.
• Navitas Semiconductor Ltd.

Recent Developments

• In March 2022, Mitsubishi Electric Corporation announced that it had acquired 42,000 square meters of land in Owariasahi City, Aichi Prefecture, Japan, to establish a new production site to manufacture factory automation (FA) control system products from April 2025.
• In August 2021, Azbil Corporation announced the launch of the digital mass flow controller model F4Q. The new controller features high-speed response and high accuracy, providing an at-a-glance understanding of control status.
• In June 2021, Texas Instruments Incorporated (TI) announced that it signed an agreement to acquire Micron Technology's 300-mm semiconductor factory (or "fab") in Lehi, Utah, for $900 million. This investment will continue to strengthen its competitive advantage in manufacturing and technology.
• In June 2020, Gefran introduced the new frontier for electrical power management, GFX4-IR. It is a solution for managing electrical power, which can improve the efficiency of production processes thanks to the integration of several functions for the total control of 4 independent electrical resistive loads. 
• In February 2020, Gefran presented the updated Performance Series of double loop PID Controllers, with control functions of motorized valves and generation of setpoint profiles. The range was made up of models 850, 1650, and 1850, enhanced by new connectivity and usability features that allow the PID controllers to become smart devices, particularly suited for installations in 4.0 modern automation architectures.

Key Issues Addressed

• What is the market size by various segmentation of the single loop controller by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the single loop controller market?
• What are the key opportunities and trends for manufacturers involved in the single loop controller supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of single loop controller in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.