What Has Been the Progress and Growth of the Temperature Controller Market in Recent Years?
The temperature controller market has seen considerable growth due to a variety of factors.
• In recent times, the size of the temperature controller market has been witnessing consistent growth. The market size is expected to expand from $1.24 billion in 2024 to an estimated $1.27 billion in 2025 with a compound annual growth rate (CAGR) of 2.7%.
This growth during the historic period is largely due to factors such as the rising consumption of packaged and processed food and drinks, wider acceptance of automation across different industries, the growth of the pharmaceutical sector, increased use of medical devices and equipment that are sensitive to temperature, and the need for temperature controllers in environmental control systems.
How Does the Forecast Look for the Temperature Controller Market?
The temperature controller market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the size of the temperature controller market is predicted to experience progressive growth, escalating to a valuation of $1.4 billion by 2029 with a CAGR of 2.5%.
The growth during this projection period is mainly due to advancements in communication capabilities within temperature controllers, surging demand for HVAC systems, increased necessity for temperature-controlled storage and transport, rising need for temperature controllers in automotive manufacturing procedures, and the uptake of temperature regulatory systems in the agriculture and horticulture sectors. Key trends expected to shape the market within this period encompass IoT technology integration, wireless connectivity, compact design innovations, cloud-based solutions, and integration with SCADA systems.
What Are The Leading Drivers Of Growth In The Temperature Controller Market?
The surge in consumption of packaged food and beverages is projected to drive the expansion of the temperature controller market. Packaged and processed food and beverages are those that have undergone a manufacturing and packaging process for easy consumption. Maintaining proper temperature during the packaging and processing stages of these foods and beverages ensures safety, longevity of shelf life, and quality by reducing microbial growth, inhibiting enzymatic reactions, and delaying deterioration, which in turn maintains the quality of the packaged and processed food and beverages. For example, based on data from Agriculture and Agri-Food Canada (AAFC), a government agency in Canada, in 2022, the exports of processed food and beverage products reached a record-breaking $54.3 billion, a 14.1% increase from the previous year, accounting for 34.7% of the total production value. Hence, the growing demand for processed and packaged food and beverages is fueling the expansion of the temperature controller market.
How Are The Segments Defined Within The Global Temperature Controller Market?
The temperature controller market covered in this report is segmented –
1) By Type: Analog, Digital, Hybrid
2) By Application: Temperature Controlling, Temperature Monitoring
3) By End-User: Oil And Gas, Plastics, Food And Beverage, Automotive, Chemicals, Energy And Power, Other End-Users
Subsegments:
1) By Analog: Mechanical Temperature Controllers, Bimetallic and Fluid Expansion-based Controllers, Thermostat-based Analog Controllers
2) By Digital: Microprocessor-based Digital Controllers, Programmable Digital Controllers, PID (Proportional-Integral-Derivative) Digital Controllers
3) By Hybrid: Analog-Digital Combination Controllers, Digital Controllers with Analog Output for Specific Applications, Hybrid Controllers for Industrial and HVAC Applications
Pre-Book The Temperature Controller Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are Emerging Trends Reshaping The Dynamics Of The Temperature Controller Market?
The temperature controller industry's leading businesses are concentrating on generating ground-breaking offerings, such as hot-runner temperature controllers, to improve their products' effectiveness and functionality. Such controllers maintain and regulate accurate temperatures within the hot runner infrastructure, offering the best conditions for the injection molding process. As an illustration, PCS Company, a US-based firm that supplies mold bases and mold components, unveiled the TC50 in April 2022. This hot-runner temperature controller is on offer in two versions allowing for six or 12 control zones. Integrated features include a 7-inch touch panel, auto-diagnostics, zone slaving, mold memory, leakage detection, and compatibility with injection presses for input/output operations. Additionally, TC50 encompasses power balance detection and display and group configuration functionality to efficiently manage the heating and cooling of nozzles and the manifold.
Who Are the Key Players In The Temperature Controller Market?
Major companies operating in the temperature controller market are:
• Siemens AG
• Panasonic Corporation
• Schneider Electric SE
• Honeywell International Inc.
• ABB Ltd.
• Control Company
• Emerson Electric Co.
• Delta Electronics Inc.
• Omron Corporation
• Mitsubishi Electric Corporation
• Yokogawa Electric Corporation
• Watlow Electric Manufacturing Company
• Banner Engineering
• Cole Parmer
• Omega Engineering Inc.
• Autonics Corporation
• Selec Controls Pvt. Ltd.
• Dwyer Instruments Inc.
• Hammond Manufacturing Co. Ltd.
• Tempco Electric Heater Corporation
• Durex Industries
• BriskHeat Corporation
• Onset Computer Corporation
• RKC Instrument Inc.
• Elektronika Sales Pvt. Ltd.
• TEGAM Inc.
• West Control Solutions
• Temperature Controls Pty Ltd.
• Meitav Tec Ltd.
• Hanyoung Nux Co. Ltd.
What Is The Most Dominant Region In The Temperature Controller Market?
Asia-Pacific was the largest region in the temperature controller market in 2024. The regions covered in the temperature controller market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
