PID Controller Market Outlook (2022 to 2032)

The global PID Controller Market is expected to be worth USD 250 Million in 2022. The demand for PID controllers is projected to expand rapidly, with a robust CAGR of 16.3% to reach a valuation of USD 1129 Million by 2032.

Due to the growing need for calculating, eradicating, and providing an effective method to obtain optimal control of systems, sales of PID controllers are anticipated to rise. In addition to this, the adoption of PID controllers is continuously surging in industrial control systems.

Smart PID controllers and hybrid PID controllers have recently been introduced, owing to ongoing technological advancements. In comparison to the traditional PID controllers, smart PID controllers and hybrid PID controllers have proven to be both more effective and cost-effective, which is likely to propel well for the market during the forecast period.

Demand for hybrid PID controllers is high due to their temperature control applications. In addition to this, its utilization in the oil and gas, as well as the food and beverage industries, is estimated to substantially impact the PID controller market size through 2032.

Report Attribute Details
PID Controller Market Value (2022) USD 250 Million
PID Controller Market Anticipated Value (2032) USD 1129 Million
PID Controller Market Projected Growth Rate (2022 to 2032) 16.3%

The PID controller market grew at a CAGR of 13.1% (2016 to 2021). Despite the moderate demand for PID controllers, the sales are growing at a healthy CAGR owing to its lower power consumption and widespread implementation. Its application in the mining sector is also anticipated to boost the PID controller's market share through 2032.

Will the Demand for PID Controllers follow an Upward Trajectory?

The PID controllers market growth is anticipated to be impacted by the rising demand for hybrid temperature PID controllers in the oil and gas sector. Furthermore, the implementation of a hybrid temperature PID controller leads to lower prices and less power usage, which is likely to increase the demand for PID controllers.

The market for PID controllers is anticipated to rise due to the multifaceted applications of PID controllers in the food and beverage industry along with numerous other control systems. In addition to this, demand for PID controllers is estimated to remain high, since these are less expensive than PLC devices.

For a range of control tasks, there are affordable and potent PID controllers in the market today. The rising use of hybrid PID controllers for temperature control applications is a key PID controller market trend.

However, the PID controller market is likely to be limited from reaching its true potential on account of a couple of obstacles. It has been noted that there is a rising demand for PLC devices, which are used in industrial facilities due to their higher loop processing capacity and versatility. Hence, manufacturers are likely to choose PLC devices over PID controllers, which could hamper the potential of the market during the forecast period.

Overall, it can be anticipated that the demand for PID controllers is likely to follow an upward growth trajectory during the forecast period.

How Technological Advancement Could Stimulate the PID Controller Market Growth?

Over the years, there have been significant breakthroughs made in PID controller technology. Mechanical and pneumatic advancements, as well as electronic tubes, transistors, and integrated circuits, all lead to microprocessors. PID controllers, currently available in the market are microprocessor-based, which gives manufacturers the chance to include features like automatic tuning, gain scheduling, and continuous adaptation. As a result, it is anticipated to build opportunities for the PID controller market through 2032.

The complex automation system utilized for energy production and transportation is built using PID control in conjunction with logic, sequential functions, selectors, and basic function blocks.

Vendors are now able to reach higher sales numbers due to the development of smart PID and hybrid PID temperature controls. Due to all these factors, technological advancements and the creation of solutions are driving the PID controller market.

Regional Analysis

How is the Performance of the PID Controller Market in North America?

Due to increased competition among PID controller market players given the concentration of established players, North America is predicted to hold a market share of 28% in 2022.

During the projection period, it is anticipated that the PID controller market in North America could expand at a notable CAGR. This is attributed to the wide-ranging industrial applications, the advantages of PID controllers, technological developments, and the growth of the manufacturing sector.

Why is Europe a Key PID Controller Market?

Europe is a crucial market, as it is concentrated with numerous key PID controller manufacturing companies. Furthermore, in 2022, it is anticipated to garner a market share of 20%. Industrial automation is becoming more prevalent, and the semiconductor industry is expanding quickly; both of which are likely to fuel the European PID controller market during the forecast period.

What are the Growth Strategies Adopted by Manufacturers in the PID Controller Market?

The existence of numerous manufacturers has led to a highly fragmented PID controller market on a global scale. To meet the growing demand, major players in the global market are concentrating on product launches and technical advancements.

PID controllers are being used more frequently in manufacturing facilities to determine error values and get useful insights, which, in turn, helps in boosting process efficiency. Businesses jointly participate in cooperative research initiatives, including areas like artificial intelligence, software, and sensors, an addition to business-focused product development.

For instance, ABB strives to balance their short-and long-term research and development operations in similar fields in order to maximize return on investment.

Key players

  • ABB
  • Eurotherm (Schneider Electric)
  • OMRON Corporation
  • Gefran
  • Calex Electronics Limited
  • TOPTICA PHOTONICS
  • Durex Industries
  • Enfield Technologies
  • West Control Solutions
  • Red Lion Controls Inc

Report Scope

Report Attribute Details
Growth Rate CAGR of 16.3% from 2022 to 2032
Base Year for Estimation 2022
Historical Data 2016 to 2021
Forecast Period 2022 to 2032
Quantitative Units Revenue in USD Million and CAGR from 2022 to 2032
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered Product Type, Industry vertical, Region
Regions Covered North America; Latin America; Western Europe; Eastern Europe; The Asia Pacific excluding Japan; Japan; The Middle East and Africa
Key Countries Profiled The USA, Canada, Brazil, Argentina, Germany, The UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, GCC Countries, South Africa
Key Companies Profiled ABB; Eurotherm (Schneider Electric); OMRON Corporation; Gefran; Calex Electronics Limited; TOPTICA PHOTONICS; Durex Industries; Enfield Technologies; West Control Solutions; Red Lion Controls, Inc
Customization Available Upon Request

Key segments

By Product Type:

  • Temperature
  • Pressure
  • Flow
  • Motion

By Industry Vertical:

  • Oil and Gas
  • Food and Beverages
  • Power
  • Chemical
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa (MEA)
  • Europe

Table of Content

  • 1. Executive Summary | PID Controller Market
  • 2. Market Overview
  • 3. Market Background
  • 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
  • 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type
    • 5.1. Temperature PID Controller
    • 5.2. Pressure
    • 5.3. Flow
    • 5.4. Motion
  • 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Industry Vertical
    • 6.1. Oil and Gas
    • 6.2. Food and Beverages
    • 6.3. Power
    • 6.4. Chemical
  • 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
    • 7.1. North America
    • 7.2. Latin America
    • 7.3. Europe
    • 7.4. Asia Pacific
    • 7.5. Middle East and Africa
  • 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 12. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
  • 13. Key Countries Market Analysis
  • 14. Market Structure Analysis
  • 15. Competition Analysis
    • 15.1. Eurotherm
    • 15.2. ABB
    • 15.3. OMRON Corporation
    • 15.4. Gefran
    • 15.5. Calex Electronics Limited
    • 15.6. TOPTICA PHOTONICS
    • 15.7. Durex Industries
    • 15.8. Enfield Technologies
    • 15.9. West Control Solutions
    • 15.10. Red Lion Controls, Inc.
  • 16. Assumptions & Acronyms Used
  • 17. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032

Table 2: Global Market Volume (Units) Forecast by Region, 2017 to 2032

Table 3: Global Market Value (US$ Million) Forecast by Product Type, 2017 to 2032

Table 4: Global Market Volume (Units) Forecast by Product Type, 2017 to 2032

Table 5: Global Market Value (US$ Million) Forecast by Industry Vertical, 2017 to 2032

Table 6: Global Market Volume (Units) Forecast by Industry Vertical, 2017 to 2032

Table 7: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 8: North America Market Volume (Units) Forecast by Country, 2017 to 2032

Table 9: North America Market Value (US$ Million) Forecast by Product Type, 2017 to 2032

Table 10: North America Market Volume (Units) Forecast by Product Type, 2017 to 2032

Table 11: North America Market Value (US$ Million) Forecast by Industry Vertical, 2017 to 2032

Table 12: North America Market Volume (Units) Forecast by Industry Vertical, 2017 to 2032

Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 14: Latin America Market Volume (Units) Forecast by Country, 2017 to 2032

Table 15: Latin America Market Value (US$ Million) Forecast by Product Type, 2017 to 2032

Table 16: Latin America Market Volume (Units) Forecast by Product Type, 2017 to 2032

Table 17: Latin America Market Value (US$ Million) Forecast by Industry Vertical, 2017 to 2032

Table 18: Latin America Market Volume (Units) Forecast by Industry Vertical, 2017 to 2032

Table 19: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 20: Europe Market Volume (Units) Forecast by Country, 2017 to 2032

Table 21: Europe Market Value (US$ Million) Forecast by Product Type, 2017 to 2032

Table 22: Europe Market Volume (Units) Forecast by Product Type, 2017 to 2032

Table 23: Europe Market Value (US$ Million) Forecast by Industry Vertical, 2017 to 2032

Table 24: Europe Market Volume (Units) Forecast by Industry Vertical, 2017 to 2032

Table 25: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 26: Asia Pacific Market Volume (Units) Forecast by Country, 2017 to 2032

Table 27: Asia Pacific Market Value (US$ Million) Forecast by Product Type, 2017 to 2032

Table 28: Asia Pacific Market Volume (Units) Forecast by Product Type, 2017 to 2032

Table 29: Asia Pacific Market Value (US$ Million) Forecast by Industry Vertical, 2017 to 2032

Table 30: Asia Pacific Market Volume (Units) Forecast by Industry Vertical, 2017 to 2032

Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 32: Middle East and Africa Market Volume (Units) Forecast by Country, 2017 to 2032

Table 33: Middle East and Africa Market Value (US$ Million) Forecast by Product Type, 2017 to 2032

Table 34: Middle East and Africa Market Volume (Units) Forecast by Product Type, 2017 to 2032

Table 35: Middle East and Africa Market Value (US$ Million) Forecast by Industry Vertical, 2017 to 2032

Table 36: Middle East and Africa Market Volume (Units) Forecast by Industry Vertical, 2017 to 2032

List of Figures

Figure 1: Global Market Value (US$ Million) by Product Type, 2022 to 2032

Figure 2: Global Market Value (US$ Million) by Industry Vertical, 2022 to 2032

Figure 3: Global Market Value (US$ Million) by Region, 2022 to 2032

Figure 4: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032

Figure 5: Global Market Volume (Units) Analysis by Region, 2017 to 2032

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032

Figure 8: Global Market Value (US$ Million) Analysis by Product Type, 2017 to 2032

Figure 9: Global Market Volume (Units) Analysis by Product Type, 2017 to 2032

Figure 10: Global Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 11: Global Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 12: Global Market Value (US$ Million) Analysis by Industry Vertical, 2017 to 2032

Figure 13: Global Market Volume (Units) Analysis by Industry Vertical, 2017 to 2032

Figure 14: Global Market Value Share (%) and BPS Analysis by Industry Vertical, 2022 to 2032

Figure 15: Global Market Y-o-Y Growth (%) Projections by Industry Vertical, 2022 to 2032

Figure 16: Global Market Attractiveness by Product Type, 2022 to 2032

Figure 17: Global Market Attractiveness by Industry Vertical, 2022 to 2032

Figure 18: Global Market Attractiveness by Region, 2022 to 2032

Figure 19: North America Market Value (US$ Million) by Product Type, 2022 to 2032

Figure 20: North America Market Value (US$ Million) by Industry Vertical, 2022 to 2032

Figure 21: North America Market Value (US$ Million) by Country, 2022 to 2032

Figure 22: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 23: North America Market Volume (Units) Analysis by Country, 2017 to 2032

Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 26: North America Market Value (US$ Million) Analysis by Product Type, 2017 to 2032

Figure 27: North America Market Volume (Units) Analysis by Product Type, 2017 to 2032

Figure 28: North America Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 29: North America Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 30: North America Market Value (US$ Million) Analysis by Industry Vertical, 2017 to 2032

Figure 31: North America Market Volume (Units) Analysis by Industry Vertical, 2017 to 2032

Figure 32: North America Market Value Share (%) and BPS Analysis by Industry Vertical, 2022 to 2032

Figure 33: North America Market Y-o-Y Growth (%) Projections by Industry Vertical, 2022 to 2032

Figure 34: North America Market Attractiveness by Product Type, 2022 to 2032

Figure 35: North America Market Attractiveness by Industry Vertical, 2022 to 2032

Figure 36: North America Market Attractiveness by Country, 2022 to 2032

Figure 37: Latin America Market Value (US$ Million) by Product Type, 2022 to 2032

Figure 38: Latin America Market Value (US$ Million) by Industry Vertical, 2022 to 2032

Figure 39: Latin America Market Value (US$ Million) by Country, 2022 to 2032

Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 41: Latin America Market Volume (Units) Analysis by Country, 2017 to 2032

Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 44: Latin America Market Value (US$ Million) Analysis by Product Type, 2017 to 2032

Figure 45: Latin America Market Volume (Units) Analysis by Product Type, 2017 to 2032

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 48: Latin America Market Value (US$ Million) Analysis by Industry Vertical, 2017 to 2032

Figure 49: Latin America Market Volume (Units) Analysis by Industry Vertical, 2017 to 2032

Figure 50: Latin America Market Value Share (%) and BPS Analysis by Industry Vertical, 2022 to 2032

Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Industry Vertical, 2022 to 2032

Figure 52: Latin America Market Attractiveness by Product Type, 2022 to 2032

Figure 53: Latin America Market Attractiveness by Industry Vertical, 2022 to 2032

Figure 54: Latin America Market Attractiveness by Country, 2022 to 2032

Figure 55: Europe Market Value (US$ Million) by Product Type, 2022 to 2032

Figure 56: Europe Market Value (US$ Million) by Industry Vertical, 2022 to 2032

Figure 57: Europe Market Value (US$ Million) by Country, 2022 to 2032

Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 59: Europe Market Volume (Units) Analysis by Country, 2017 to 2032

Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 62: Europe Market Value (US$ Million) Analysis by Product Type, 2017 to 2032

Figure 63: Europe Market Volume (Units) Analysis by Product Type, 2017 to 2032

Figure 64: Europe Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 65: Europe Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 66: Europe Market Value (US$ Million) Analysis by Industry Vertical, 2017 to 2032

Figure 67: Europe Market Volume (Units) Analysis by Industry Vertical, 2017 to 2032

Figure 68: Europe Market Value Share (%) and BPS Analysis by Industry Vertical, 2022 to 2032

Figure 69: Europe Market Y-o-Y Growth (%) Projections by Industry Vertical, 2022 to 2032

Figure 70: Europe Market Attractiveness by Product Type, 2022 to 2032

Figure 71: Europe Market Attractiveness by Industry Vertical, 2022 to 2032

Figure 72: Europe Market Attractiveness by Country, 2022 to 2032

Figure 73: Asia Pacific Market Value (US$ Million) by Product Type, 2022 to 2032

Figure 74: Asia Pacific Market Value (US$ Million) by Industry Vertical, 2022 to 2032

Figure 75: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032

Figure 76: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 77: Asia Pacific Market Volume (Units) Analysis by Country, 2017 to 2032

Figure 78: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 79: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 80: Asia Pacific Market Value (US$ Million) Analysis by Product Type, 2017 to 2032

Figure 81: Asia Pacific Market Volume (Units) Analysis by Product Type, 2017 to 2032

Figure 82: Asia Pacific Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 83: Asia Pacific Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 84: Asia Pacific Market Value (US$ Million) Analysis by Industry Vertical, 2017 to 2032

Figure 85: Asia Pacific Market Volume (Units) Analysis by Industry Vertical, 2017 to 2032

Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Industry Vertical, 2022 to 2032

Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Industry Vertical, 2022 to 2032

Figure 88: Asia Pacific Market Attractiveness by Product Type, 2022 to 2032

Figure 89: Asia Pacific Market Attractiveness by Industry Vertical, 2022 to 2032

Figure 90: Asia Pacific Market Attractiveness by Country, 2022 to 2032

Figure 91: Middle East and Africa Market Value (US$ Million) by Product Type, 2022 to 2032

Figure 92: Middle East and Africa Market Value (US$ Million) by Industry Vertical, 2022 to 2032

Figure 93: Middle East and Africa Market Value (US$ Million) by Country, 2022 to 2032

Figure 94: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 95: Middle East and Africa Market Volume (Units) Analysis by Country, 2017 to 2032

Figure 96: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 97: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 98: Middle East and Africa Market Value (US$ Million) Analysis by Product Type, 2017 to 2032

Figure 99: Middle East and Africa Market Volume (Units) Analysis by Product Type, 2017 to 2032

Figure 100: Middle East and Africa Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 101: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 102: Middle East and Africa Market Value (US$ Million) Analysis by Industry Vertical, 2017 to 2032

Figure 103: Middle East and Africa Market Volume (Units) Analysis by Industry Vertical, 2017 to 2032

Figure 104: Middle East and Africa Market Value Share (%) and BPS Analysis by Industry Vertical, 2022 to 2032

Figure 105: Middle East and Africa Market Y-o-Y Growth (%) Projections by Industry Vertical, 2022 to 2032

Figure 106: Middle East and Africa Market Attractiveness by Product Type, 2022 to 2032

Figure 107: Middle East and Africa Market Attractiveness by Industry Vertical, 2022 to 2032

Figure 108: Middle East and Africa Market Attractiveness by Country, 2022 to 2032

Frequently Asked Questions

What is the Projected CAGR for the PID Controller Market?

The PID controller market is projected to have a CAGR of 16.3% through 2032.

Which is the Fastest Growing Region in the PID Controller Market?

North America is the fastest-growing PID controller market, with a share of 28% in 2022.

What is the Future Outlook of the PID Controller Market?

The PID controller market is expected to reach USD 1129 Million by 2032.

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