Europe Hot Runner Temperature Controller Market

Market Introduction

Germany, France, the UK, and Italy are among the major countries in Europe. The western part of Europe is known for its better living conditions, higher income levels, and greater GDP per capita than the other parts of the region. Extensive R&D investments on vehicle production and well-established automotive industry in Germany, high adoption rate of light as well as electric vehicles in developed countries, and government investments to scale up vehicle production are the key factors driving the hot runner temperature controller market growth in the region. Governments of European countries have been taking various initiatives to propel the growth of the automotive, electronics, packaging, and medical, industries, among others. Europe has significantly upgraded its industrial sector through the Industry 4.0 framework. The digital industrial revolution in Europe has significantly improved manufacturing flexibility, increased speed, supported mass customization, and enhanced productivity and quality. ICT plays a key role in the value chain of digital revolution. The European Union (EU) supports industrial revolution through industrial policies and infrastructure funding. Member States also sponsor various initiatives such as the Factory of the Future in France, Germany’s Industrial 4.0, and Catapult centers in the UK. The digital transformation in Europe is revolutionizing business processes in Europe. The aerospace, automotive, and consumer electronics industries are among the key consumers of encoders. In consumer electronics industry, encoders are critical for the production of advanced electronic devices. Encoders also find applications in robotic arms, unmanned mechanical systems, automated transportation, and others. Therefore, the adoption of hot runner temperature controllers across the abovementioned industries would bolster the market growth in Europe in the coming years.

The COVID-19 pandemic is predicted to have a greater impact on European industries than the 2008–2009 industrial crisis. The industrial sector in the region reported lower production levels in 2020 than those recorded in 2019. Several industries in Europe faced downfall in the second quarter of 2020, compared with second quarter of 2019. The metal technology sector and the mechanical engineering industry faced a downfall of 24.2% and 21%, respectively, while the output of electrical and electronics sector lowered down to 14.2% during the second quarters of 2020. Automotive is one of the most affected European industries by the COVID-19 pandemic, which is also one of the major adopters of automation technologies. The slowdown in industrial operations amid this crisis has led to reduction in investments in injection molding operations and robotics machinery adoption. Moreover, concerns regarding productivity among the injection molding vendors has also brought a change in the adoption of automation technologies such as digital equipment (temperature controllers and other technologies) across industrial operations. According to the research study, it is predicted that more than 50% of the industrial operations are expected to be automated by 2025 across different sectors in Europe, which would boost the adoption of hot runner temperature controller equipment in the region during the forecast period.

Europe Hot Runner Temperature Controller Strategic Insights

Strategic insights for the Europe Hot Runner Temperature Controller provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Hot Runner Temperature Controller Report Scope

Europe Hot Runner Temperature Controller Regional Insights

The geographic scope of the Europe Hot Runner Temperature Controller refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The hot runner temperature controller market in Europe is expected to grow from US$ 30.15 million in 2021 to US$ 45.71 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028. The new Linux-based touchscreen multizone controllers are intended for use in applications with a large number of zones in various industries, including automotive, medical, pharmaceuticals, packaging, caps and closure, and technical parts manufacturing. For instance, SISE Plastics Regulate Systems Inc., Atlanta, demonstrated its new generation of multizone controller technology named MV3 at Amerimold; the product is offered in five sizes—XS, S, M, L, and XL—and three power variants—2.5A, 15A, and 30A. These new generation of hot runner temperature controllers are capable of controlling up to 336 zones. They come with three conventional touchscreen sizes: 7", 10", and 12". Moreover, these new models have access to power and thermocouple cards by pivoting and detachable lateral shelves. These new-generation products would exhibit handy, sophisticated functions such as four soft starts, zone grouping, and PTI function for thermocouple abnormalities, Moldscan for real-time hot runner diagnostics, and material leak detection, which are enabled by the accessible power and thermocouple cards on removable pivoting shelves. The system is bilingual (supports up to 11 languages) and has an unlimited memory capacity for mold files. Finally, the MV3 can interface with IMMs, and save and monitor production temperatures, making it ideal for Industry 4.0 applications.

Key Market Segments

In terms of type, the valve gate segment accounted for the largest share of the Europe hot runner temperature controller market in 2020. In terms of application, the packaging industry segment accounted for the largest share of the Europe hot runner temperature controller market in 2020. In term of control zone, the 12-48 Zones segment held a larger market share of the hot runner temperature controller market in 2020. 

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the hot runner temperature controller market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Gammaflux; Husky Injection Molding Systems Ltd.; Meusburger Georg GmbH & Co KG; INGLASS S.P.A.; Hillenbrand, Inc.; GÜNTHER Heisskanaltechnik GmbH; EWIKON HEIßKANALSYSTEME GMBH; and Mold Hotrunner Solutions Inc. among others.

Reasons to buy report

• To understand the Europe hot runner temperature controller market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe hot runner temperature controller market
• Efficiently plan M&A and partnership deals in Europe hot runner temperature controller market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe hot runner temperature controller market
• Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

Europe Hot Runner Temperature Controller Market Segmentation

Europe Hot Runner Temperature Controller Market – By Type

• Valve Gate
• Open Gate

Europe Hot Runner Temperature Controller Market – By

Application

• Automotive Industry
• Electronic Industry
• Medical Industry
• Packaging Industry
• Others

Europe Hot Runner Temperature Controller Market – By

Control Zone

• Up to 12 Zones
• 12-48 Zones
• 48-72 Zones
• 72-108 Zones
• 108-144 Zones
• 144-180 Zones
• 180-216 Zones
• Above 216 Zones     

Europe Hot Runner Temperature Controller Market – By Country

• France
• Germany
• Italy
• UK
• Russia
• Rest of Europe

Europe Hot Runner Temperature Controller Market – Companies Mentioned

• Gammaflux    
• Husky Injection Molding Systems Ltd.                                   
• Meusburger Georg GmbH & Co KG                                        
• INGLASS S.P.A.                                                                                                                            
• Hillenbrand, Inc.
• Mold Hotrunner Solutions Inc.
• GÜNTHER Heisskanaltechnik GmbH                                    
• EWIKON HEIßKANALSYSTEME GMBH