Technavio analysts forecast the global PID controller marketto grow at a CAGR of almost 3% during the forecast period, according to their latest report.
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Technavio has published a new report on the global PID controller market from 2017-2021. (Graphic: Business Wire)
The research study covers the present scenario and growth prospects of the global PID controller marketfor 2017-2021. Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The cost of PID controllers, which is three times lesser than the cost of PLCs is another reason for the demand in low-critical applications, making the installation of PID controllers an economical choice. Due to this, the demand for PID controllers is expected to be more from SMEs (small and medium-sized enterprises), and it is expected to continue during the forecast period. Small food processing units are expected to be the major users among SMEs, as these food processing units require temperature controllers to control the ovens and in other applications.
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Technavio analysts highlight the following three factors that are contributing to the growth of the global PID controller market:
- Low price of PID controllers
- Use of PID controllers in control systems
- High demand for temperature controllers
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Low price of PID controllers
The prices of PID controllers are lower when compared with PLC devices. The time required to execute loop functions and the efficiency of PLCs are comparatively better than PID controllers. However, one of the major reasons for the growth in demand for PID controllers is their low price, which is preferred by many end-users. Therefore, PID controllers are considered as an economical choice for many purposes by end-users, whereas PLC devices are used for higher functions.
Bharath Kanniappan, a lead automation research analyst at Technavio, says, "The cost of PLC is more than thrice the cost of PID controllers, thereby restricting many users from installing PLCs, which in turn is having a positive impact on the global PID controllers market. Another reason for the increasing growth of PID controllers is the demand from SMEs. These enterprises find PID controllers as the most suitable option as their facilities do not have any requirement for higher functioning PLCs."
Use of PID controllers in control systems
Control systems are used in all industrial facilities for various purposes such as controlling and monitoring the functions of each of the components and processes. These control systems are used for interconnection of components within the systems to achieve higher efficiency and coordinate functions of the processes.
"PID controllers can do the functions of proportional, integral, and derivative controllers combined, and the output will be proportional to the derivative and integral of an error signal, which helps in improving the efficiency of the control systems. Error values are calculated based on the difference between setpoint value and measured process variable value, and it is corrected based on the proportional, integral and derivative terms," adds Bharath
High demand for temperature controllers
Temperature controlling PID controllers have the highest demand among the product types, as most of the temperature controllers sold are PID-based. These products are mainly used in industries to keep the medium at the desired temperature. The use of such controllers is higher when compared with other applications of PID controllers.
Industries such as food and beverage and chemicals need to maintain the temperature within an oven or in a storage tank. These PID temperature controller products are the most cost-effective products that can be used to do this task, due to which the demand for temperature controllers is expected to remain highest over the forecast period.
Top vendors:
- ABB
- Eurotherm
- Gefran
- OMRON
- Wachendorff Automation
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