The report "Single Loop Controller Market Type, Display Type (LCD, LED), Panel Cutout Size, Application (Oil & Gas Plants, Petrochemical Plants, Iron & Steel Plants, Power Plants, Chemical Plants), and Geography - Global Forecast to 2024", was valued at USD 94 million in 2018 and is expected to reach USD 103 million by 2024, at a CAGR of 1.4% from 2019 to 2024.
Changing energy trends, increasing demand for unconventional energy sources, booming power sector, and growing investments toward power generation projects drive the growth of the market.Download PDF Brochure @Â https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=12690310Temperature Controller to hold the largest market share of the single loop controller market between 2019 and 2024The demand for single loop temperature controllers is expected to grow at the highest CAGR between 2019 and 2024.
The reason behind the high growth rate of temperature controllers is their extensive usage across several industries such as oil & gas, petrochemicals, food & beverages, and power plants.
The growth of the single loop temperature controller market is also fueled by factors such as their ability to improve process efficiency, minimize waste, and flexible communication options and the introduction of hybrid temperature controllers as an alternative to a PLC device.Oil & Gas plant to grow at the highest CAGR for single loop controller between 2019 and 2024In oil & gas plants, safety and reliability are crucial factors.
In these plants, many operations are performed simultaneously; all these operations need to be planned, scheduled, executed, and monitored on time.
Hence, companies operating in the oil & gas industry are always looking for new ways to meet the increasing energy needs, cutting down their operating costs, and enhance the overall efficiency of the plant.
The report "Single Loop Controller Market Type, Display Type (LCD, LED), Panel Cutout Size, Application (Oil & Gas Plants, Petrochemical Plants, Iron & Steel Plants, Power Plants, Chemical Plants), and Geography - Global Forecast to 2024", was valued at USD 94 million in 2018 and is expected to reach USD 103 million by 2024, at a CAGR of 1.4% from 2019 to 2024.
Changing energy trends, increasing demand for unconventional energy sources, booming power sector, and growing investments toward power generation projects drive the growth of the market.Download PDF Brochure @Â https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=12690310Temperature Controller to hold the largest market share of the single loop controller market between 2019 and 2024The demand for single loop temperature controllers is expected to grow at the highest CAGR between 2019 and 2024.
The reason behind the high growth rate of temperature controllers is their extensive usage across several industries such as oil & gas, petrochemicals, food & beverages, and power plants.
The growth of the single loop temperature controller market is also fueled by factors such as their ability to improve process efficiency, minimize waste, and flexible communication options and the introduction of hybrid temperature controllers as an alternative to a PLC device.Oil & Gas plant to grow at the highest CAGR for single loop controller between 2019 and 2024In oil & gas plants, safety and reliability are crucial factors.
In these plants, many operations are performed simultaneously; all these operations need to be planned, scheduled, executed, and monitored on time.
Hence, companies operating in the oil & gas industry are always looking for new ways to meet the increasing energy needs, cutting down their operating costs, and enhance the overall efficiency of the plant.