US Demand for Control Technologies to Grow 2.3% Annually in Nominal Terms to 2023

7/10/2019

Cleveland, OH, July 10, 2019 — Demand for control technologies in the US is forecast to see annual increases of 2.3% in nominal terms through 2023, according to Control Technologies: United States, a report recently released by Freedonia Focus Reports. Expanding production of appliances, electrical equipment, machinery, and other products will spur growth. Rising manufacturing activity will also support maintenance, repair, and operation (MRO) aftermarket demand.

Process controls are projected to remain the largest discrete product segment through 2023. Demand will be supported by expanding nondurable goods manufacturing and strict requirements for process control in the manufacture of food, beverages, and pharmaceuticals.

These and other key insights are featured in Control Technologies: United States. This report forecasts to 2023 US control technologies demand and shipments in nominal US dollars at the manufacturer level. 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 2008 to 2018.

Excluded from the scope of this report are personal computers that perform control-type functions. Also excluded are laboratory, search and navigation, and medical equipment. Re-exports of control technologies are excluded from demand and trade figures.

More information about the report is available at:

https://www.freedoniafocusreports.com/Control-Technologies-United-States-FF75016/?progid=91541