US Demand for Control Technologies to Reach $29.3 Billion in 2021

CLEVELAND, Nov. 21, 2017 /PRNewswire/ -- 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.

More information about the report is available at https://www.freedoniafocusreports.com/Control-Technologies-United-States-FF75016/

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
• relays
• 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.

About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Industrials reports can be purchased at Freedonia Focus Reports or MarketResearch.com.

Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:

• total historical market size and industry output
• segmentation by products and markets
• identification of market drivers, constraints, and key indicators
• segment-by-segment outlook in five-year forecasts
• a survey of the supply base
• suggested resources for further study

Press Contact:
Corinne Gangloff
+1 440.684.9600
cgangloff@freedoniagroup.com

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SOURCE The Freedonia Group