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Hot Runner Temperature Controller Market Revenue to Cross US$ 203.17 million by 2028: The Insight Partners

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Hot Runner Temperature Controller Market Revenue to Cross US$ 203.17 million by 2028: The Insight Partners

November 17
10:41 2021
Hot Runner Temperature Controller Market Revenue to Cross US$ 203.17 million by 2028: The Insight Partners
The Insight Partners
Adoption of New-Generation Multizone Hot Runner Controller Technology to Provide Growth Opportunities for Hot Runner Temperature Controller Market during 2021–2028

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.

Strategic Insights

Report Coverage

Details

Market Size Value in

US$ 124.31 million in 2021

Market Size Value by

US$ 203.17 million by 2028

Growth rate

CAGR of 7.3% from 2021-2028

Forecast Period

2021-2028

Base Year

2021

No. of Pages

160

No. Tables

80

No. of Charts & Figures

87

Historical data available

Yes

Segments covered

Type, Application and Control Zone

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

 

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The whole time from the start to the finish of a process is referred to as the cycle time. Hot runner temperature controllers facilitate the reduction of plastic waste and cycle time, allowing for cost savings. This can be accomplished by maintaining a consistent heating temperature throughout the molded plastic item or polymer. The scrap generated by using a hot runner controller is limited or nil, further lowering the machine’s running costs. Moreover, the trash generated can be reused, and the scrap can be reshaped by grinding it in the hot runner controller system again.

As the plastic in the runner doesn’t solidify, there is less scrap; one doesn’t have to wait for the resin to cool, typically decreasing the cycle time. A shorter cycle time further translates into a reduced cost per part. Sink marks can also be avoided by using hot runners. Shorter cycle times can be attributed to the fact that the thickest part controls cooling time; thus, removing the cold runner will minimize cycle time. For instance, in several thin-wall injection molding methods, cycle time is less than 5 seconds. Moreover, hot runner temperature controllers use less plastic and consume less energy; moreover, they demand less manual labor for runner handling, trimming, and regrinding.

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 the 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.

Download the Latest COVID-19 Analysis on Hot Runner Temperature Controller Market Growth Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00024896

A hot runner system consists of heated components that are infused into the cavities from plastic injected molds. This system efficiently delivers liquid plastic to several mold cavities to create a plastic product. The warmed plastic shifts from the molding machine nozzle through internal channels called runners and is transferred directly into multiple cavities at the same time. The popularity of hot runner temperature controllers is growing in popularity, as they do not allow the plastic to solidify in the runners and reduce cycle time by accelerating processing. 

In addition to the steady economic growth, the escalating application of high-quality, injection-molded plastic products; advantages such as efficiency, energy-saving, and productivity; and favorable government regulations for encouraging the advancements in the industrial sector are further contributing to the hot runner controller market growth. 

Hot Runner Temperature Controller Market: Competitive Landscape and Key Developments

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) are among the key players in the global Hot Runner Temperature Controller market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.

Order a Copy of Hot Runner Temperature Controller Market Shares, Strategies and Forecasts 2021-2028 Research Report at https://www.theinsightpartners.com/buy/TIPRE00024896/

In June 2021, Husky Injection Molding Systems, Ltd., a leading industrial technology provider to the plastics processing community, partnered with Chem-Trend on a system solution that creates repeatability during the critical color change process, allowing operators to work faster, more accurately, and more efficiently. Within the Husky AltaniumMold Controller operator interface, the team designed a novel guided method that is easily accessible to operators. 

In October 2019, EWIKON HEIßKANALSYSTEME GMBH launched a new EWIKON pro CONTROL range of hot runner controllers. The competent EWIKON pro CONTROL series of hot runner controllers enables comfortable, reliable, and precise control of the hot runner system with intuitive and self-explanatory touch screen operation.

Industrial Temperature Controllers Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Analog, Digital); Product (Single loop, Multi-loop); End User (Oil and Gas, Food And Beverage, Automotive, Others) and Geography

Hot Runner Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Valve gate hot runner, Open gate hot runner); Application (Automotive Industry, Electronic Industry, Medical Industry, Packaging Industry, Others) and Geography

Laboratory Temperature Control Units Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product (Laboratory Temperature Controllers, Laboratory Thermostats, Laboratory Chillers, Laboratory Circulators, and Others); Modality (Standalone/Benchtop, and Portable/Handheld); End Use (Hospitals, Pharma and Biotech Industry, Chemical Industry, Food and Beverage Industry, and Others), and Geography 

About Us:

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, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: [email protected]

Phone: +1-646-491-9876

Press Release: https://www.theinsightpartners.com/pr/hot-runner-temperature-controller-market

More Research:  https://www.openpr.com/news/2423008/hot-runner-temperature-controller-market-size-203-mn-by-2028

Media Contact
Company Name: The Insight Partners
Contact Person: Sameer Joshi
Email: Send Email
Phone: +1-646-491-9876
City: Pune
State: Maharashtra
Country: India
Website: http://www.theinsightpartners.com/pr/precast-concrete-market

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