The Global Market for Industrial Electronic Temperature Controllers, Eighth Edition

Topics:
Electrical and Electronic
Tags:
Compound Annual Growth Rate,
Finance,
Investment,
Unit Shipment,
Venture Development
Source:
Venture Development

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Overview: The 2002 worldwide market for industrial electronic temperature controllers totaled $760.3 million. The market is forecast to grow at a 1.4% compound annual growth rate (CAGR), reaching $793.2 million in 2005 (Exhibit I-1). This rate will not be constant, however, as economic conditions and falling prices are expected to cause the market to decline through 2003 before recovering in 2004. Unit shipments are forecast at a 4.7% CAGR, with price declines of microprocessor-based controllers lowering dollar volume growth. The decline in prices will be primarily driven by global competition among temperature controller vendors and competition from alternative means of controlling temperature such as with DCSs, PLCs and PCs.

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Format: PDF | Size: 50KB | Date: May 2003 | Pages: 9

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