Hot Runner Temperature Controller Market Size Is Anticipated To Record A Valuation Of US$ 203.17 Million By 2028, According To The Most Recent Study By The Insight Partners

According to our latest market study on "Hot Runner Temperature Controller Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, Application, Control Zone, and Geography," the market is expected to grow from US$ 124.31 million in 2021 to US$ 203.17 million by 2028; it is expected to grow at a CAGR of 7.3% from 2021 to 2028.

The new Linux-based touchscreen multizone controllers are intended for use in applications with a large number of zones in various industries, including automotive, medical, pharmaceuticals, packaging, caps and closure, and technical parts manufacturing. For instance, SISE Plastics Regulate Systems Inc., Atlanta, demonstrated its new generation of multizone controller technology named MV3 at Amerimold; the product is offered in five sizes-XS, S, M, L, and XL-and three power variants-2.5A, 15A, and 30A.

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These new generation of hot runner temperature controllers are capable of controlling up to 336 zones. They come with three conventional touchscreen sizes: 7", 10", and 12". Moreover, these new models have access to power and thermocouple cards by pivoting and detachable lateral shelves. These new-generation products would exhibit handy, sophisticated functions such as four soft starts, zone grouping, and PTI function for thermocouple abnormalities, Moldscan for real-time hot runner diagnostics, and material leak detection, which are enabled by the accessible power and thermocouple cards on removable pivoting shelves.

Global Hot Runner Temperature Controller Market: Competitive Landscape: EMI Corporation; EWIKON HEIßKANALSYSTEME GMBH; Gammaflux; GÜNTHER Heisskanaltechnik GmbH; Husky Injection Molding Systems Ltd.; Meusburger Georg GmbH & Co KG; Mold Hotrunner Solutions Inc.; FISA Corporation; INGLASS S.P.A.; and HILLENBRAND, INC. (MOLD-MASTERS)

The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2021 to 2028. These analyses will help the reader to understand the potential worth of investment in a particular region.

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2021 to 2028.

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Based on type, the hot runner temperature controller market is bifurcated into valve gate hot runner and open gate hot runner. In 2020, the valve gate hot runner segment led the market, accounting for a larger market share. By application, the hot runner temperature controller market is segmented into automotive industry, electronic industry, medical industry, packaging industry, and others. In 2020, the packaging industry segment accounted for the largest market share.

Impact of COVID-19 Pandemic on North America Hot Runner Temperature Controller Market

The COVID-19 pandemic hit almost all industries across the world in FY 2020 due to lockdown measures imposed by various countries, which disrupted supply chain of different industries as well as generated a demand & supply gap in different industries. The packaging industry in North America has faced many challenges due to suspended or disturbed operations in the food & beverages, automotive, and medical industries. Assembly plants and supplier facilities in different countries in North America were closed in March and May 2020.

Global Hot Runner Temperature Controller Market: Regional Analysis

Similarly, based on control zone, the hot runner temperature controller market is segmented into up to 12 zones, 12-48 zones, 48-72 zones, 72-108 zones, 108-144 zones, 144-180 zones, 180-216 zones, and above 216 zones. In 2020, the 12-48 zones segment accounted for the largest market share. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, North America accounted for the significant share in the global market.

The report offers in-depth assessment of the growth and other aspects of the Hot Runner Temperature Controller market in important regions. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.

Major Key Points of Hot Runner Temperature Controller Market
• Hot Runner Temperature Controller Market Overview
• Hot Runner Temperature Controller Market Competition
• Hot Runner Temperature Controller Market, Revenue and Price Trend
• Hot Runner Temperature Controller Market Analysis by Application
• Company Profiles and Key Figures in Hot Runner Temperature Controller Market
• Market Dynamics
• Methodology and Data Source

NOTE: Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 analysis of markets and industries. Cordially get in touch for more details.

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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