Cleveland, OH, October 2, 2017 — US demand for control technologies is forecast to total $29.3 billion in 2021, according to Control Technologies: United States, a report recently released by Freedonia Focus Reports. Demand for process controls is projected to account for the largest share of gains among the product segments. Advances in manufacturing activity, particularly shipments of nondurable goods, are expected to boost investment in process controls, with particular growth stemming from products that increase automation and efficiency.
The market for process controls is tied to manufacturing activity and production of industrial machinery and equipment. Specifically, trends related to process industries (eg, chemicals, food and beverages, and pulp and paper) affect demand, as such industries heavily utilize flow control devices.
These and other key insights are featured in Control Technologies: United States. This report forecasts US control technologies demand and shipments in nominal US dollars to 2021. Total demand is segmented by product in terms of:
- general-purpose industrial controls
- special-purpose industrial controls
- industrial control parts and accessories
- process controls
- automated environmental controls.
To illustrate historical trends, total demand, total shipments, the various segments, and trade are provided in annual series from 2006 to 2016.
More information about the report is available at https://www.freedoniafocusreports.com/Control-Technologies-United-States-FF75016/.