North America Hot Runner Temperature Controller Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Valve Gate Hot Runner and Open Gate Hot Runner), Application (Automotive Industry, Electronic Industry, Medical Industry, Packaging Industry, and Others), and Control Zone (Up to 12 Zones, 12-48 Zones, 48-72 Zones, 72-108 Zones, 108- 144 Zones, 144-180 Zones, 180-216 Zones, and Above 216 Zones)
Market Introduction
The US, Canada, and Mexico are major economies in North America. Continuous technological advancements as well as several ongoing technology-related research and developments projects, coupled with high spending powers, make it a highly competitive market. The consumer electronics industry has blossomed and has reached maturity in the region. Smartphones, personal computers, tablets, music players, television sets, DVD players, and other home-based electronic devices have a broader user base in the region. The usage of plastic molds helps to enhance the safety and efficiency of consumer electronic devices drives the attention of hot runner temperature controller manufacturers in North America toward the designing of high-efficiency plastic molds. EMI Corporation, Gammaflux LP, Mold Hotrunner Solutions, and The American Company are a few of the major hot runner temperature controller manufacturers present in the region. In the last two decades, the packaging enterprises in North America have reported a higher adoption of hot runner temperature controllers, which enable them to expedite the safe and efficient delivery of their products. As a result, the process of inventoried packaging has become obsolete. Consequently, the number of hot runner temperature controllers are increasing in applications in both prime and non-prime label sectors. Automobile ownership is a widespread trend across North America. Ford, Tesla, General Motors, and Fiat, all based in the US, support this massive demand for passenger cars in the region. These companies are also among the world’s largest automobile producers. The automotive sector has been growing continuously, and automotive players are counting on replacing metals with plastic for decreasing car weight; thus, with a high demand for lightweight vehicles, the automotive segment is emerging as a leading contributor to the hot runner temperature controller market proliferation in North America.
The COVID-19 pandemic hit almost all industries across the world in FY 2020 due to lockdown measures imposed by various countries, which disrupted 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. Assembly plants and supplier facilities in different regions in North America were closed in March and May 2020. Moreover, restrictions enacted on transportation and logistics operations created further challenges for industrial operations. Slowdown in industrial manufacturing and delays in scheduled periodic equipment maintenance activities across different facilities further caused a stir in the industrial sector, further lowering the demand for hot runner temperature controller systems. Further, consumer habits have changed during the COVID-19 pandemic owing to a surge in preference for home delivery of food and other products that has led to a greater requirement of packaging materials such as plastics which has generated the requirement of large amount of plastic production across the region. Also, decline in investments across industrial facilities, amid the industrial crisis, has resulted in slowdown in the growth for industrial automation technologies.
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Market Overview and Dynamics
The hot runner temperature controller market in North America is expected to grow from US$ 39.35 million in 2021 to US$ 62.98 million by 2028; it is estimated to grow at a CAGR of 7.0% from 2021 to 2028. Industry 4.0 and the Internet of Things (IoT) play a vital role in the automation and plastic molding processes. Technological enhancements such as integrating linked devices with the Internet of Things (IoT) and smart sensors are among the key factors contributing to the hot runner temperature controller market growth. These cutting-edge technologies aid real-time data collection and analysis for the plastic molding process, lowering the risk of production flaws and errors. In molding, temperature controllers are utilized to modify valve pin timing, and monitor and manage the molding process. The incorporation of temperature and pressure sensors in molds maximizes molding efficiency, and it further indicates the ongoing innovations for improving the quality of various parts. Moreover, new electric valve gate technologies allow a faster response to valve pin opening. Furthermore, improved controller technologies make communication between the press and the valve pin working sequence easier. In-cavity sensor technologies also enable hot runner systems to adjust to differences between the viscosities of various materials. As the industry transitions to bio-resins, these viscosity variances may become much more pronounced, necessitating the use of closed-loop communication to regulate temperatures inside the hot runner system, thereby bringing more stability in the process. The features of profiTEMP+ hot-runner temperature controller offered by Meusburger make the setup more accessible and enable the Industry 4.0 capability on the back of a new connection for a radio-frequency identification (RFID) reader; a new setup wizard makes system configuration easier. The RFID reader and connection allow enhanced communication and information-sharing capabilities to numerous equipment and devices, which helps firms in transition toward Industry 4.0. Other factors, including the introduction of Industry 4.0 and favorable government regulations for the use of lightweight plastic molding systems, are expected to further propel the industry growth in the coming years.
Key Market Segments
In terms of type, the valve gate segment accounted for the largest share of the North America hot runner temperature controller market in 2020. In terms of application, the packaging industry segment accounted for the largest share of the North America 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 North America 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; Mold Hotrunner Solutions Inc.; FISA Corporation; and EMI Corporation among others.
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- To understand the North America hot runner temperature controller market landscape and identify market segments that are most likely to guarantee a strong return
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- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America hot runner temperature controller market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America Hot Runner Temperature Controller Market Segmentation
North America Hot Runner Temperature Controller Market – By Type
- Valve Gate
- Open Gate
North America Hot Runner Temperature Controller Market – By Application
- Automotive Industry
- Electronic Industry
- Medical Industry
- Packaging Industry
- Others
North America 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
North America Hot Runner Temperature Controller Market – By Country
- US
- Canada
- Mexico
North America Hot Runner Temperature Controller Market – Companies Mentioned
- 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.
- Hillenbrand, Inc.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Hot Runner Temperature Controller – Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Hot Runner Temperature Controller Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Raising Use of Molded Plastics in Automotive, Medical Devices, Construction, and Packaging Industries
5.1.2 Reduced Cycle Time and Reduction of Plastic Waste
5.2 Key Market Restraints
5.2.1 Higher Dependency on Manufacturing Sector
5.3 Key Market Opportunities
5.3.1 Growth of IoT and Industry 4.O
5.4 Future Trends
5.4.1 Surging Adoption of New-Generation Multizone Hot Runner Controller Technology
5.5 Impact Analysis of Drivers and Restraints
6. North America Hot Runner Temperature Controller – Market Analysis
6.1 North America Hot Runner Temperature Controller Market Overview
6.2 North America Hot Runner Temperature Controller Market – Revenue and Forecast to 2028 (US$ Million)
7. North America Hot Runner Temperature Controller Market Analysis – By Type
7.1 Overview
7.2 North America: Hot Runner Temperature Controller Market – by Type
7.3 Valve Gate Hot Runner
7.3.1 Overview
7.3.2 Valve Gate Hot Runner: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
7.4 Open Gate Hot Runner
7.4.1 Overview
7.4.2 Open Gate Hot Runner: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
8. North America Hot Runner Temperature Controller Market Analysis – By Application
8.1 Overview
8.2 North America: Hot Runner Temperature Controller Market – By Application
8.3 Automotive Industry
8.3.1 Overview
8.3.2 Automotive Industry: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
8.4 Electronic Industry
8.4.1 Overview
8.4.2 Electronic Industry: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
8.5 Medical Industry
8.5.1 Overview
8.5.2 Medical Industry: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
8.6 Packaging Industry
8.6.1 Overview
8.6.2 Packaging Industry: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
9. North America Hot Runner Temperature Controller Market Analysis – By Control Zone
9.1 Overview
9.2 North America: Hot Runner Temperature Controller Market- By Control Zone
9.3 Up to 12 Zones
9.3.1 Overview
9.3.2 Up to 12 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
9.4-48 Zones
9.4.1 Overview
9.4.2-48 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
9.5-72 Zones
9.5.1 Overview
9.5.2-72 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
9.6-108 Zones
9.6.1 Overview
9.6.2-108 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
9.7-144 Zones
9.7.1 Overview
9.7.2-144 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
9.8-180 Zones
9.8.1 Overview
9.8.2-180 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
9.9-216 Zones
9.9.1 Overview
9.9.2-216 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
9.10 Above 216 Zones
9.10.1 Overview
9.10.2 Above 216 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
10. North America Hot Runner Temperature Controller Market – Country Analysis
10.1 Overview
10.1.1 North America: Hot Runner Temperature Controller Market- by Key Country
10.1.1.1 US: Hot Runner Temperature Controller Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Hot Runner Temperature Controller Market- by Type
10.1.1.1.2 US: Hot Runner Temperature Controller Market- By Application
10.1.1.1.3 US: Hot Runner Temperature Controller Market- By Control Zone
10.1.1.2 Canada: Hot Runner Temperature Controller Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Hot Runner Temperature Controller Market- by Type
10.1.1.2.2 Canada: Hot Runner Temperature Controller Market- By Application
10.1.1.2.3 Canada: Hot Runner Temperature Controller Market- By Control Zone
10.1.1.3 Mexico: Hot Runner Temperature Controller Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Hot Runner Temperature Controller Market- by Type
10.1.1.3.2 Mexico: Hot Runner Temperature Controller Market- By Application
10.1.1.3.3 Mexico: Hot Runner Temperature Controller Market- By Control Zone
11. Impact of COVID-19 Pandemic on North America Hot Runner Temperature Controller Market
11.1.1 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 EMI Corporation.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 EWIKON HEIßKANALSYSTEME GMBH.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Gammaflux
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 GÜNTHER Heisskanaltechnik GmbH
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Husky Injection Molding Systems Ltd.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Meusburger Georg GmbH & Co KG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Mold Hotrunner Solutions Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 FISA Corporation
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 INGLASS S.P.A.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Hillenbrand, Inc. (MOLD-MASTERS)
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America Hot Runner Temperature Controller Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. US: Hot Runner Temperature Controller Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Hot Runner Temperature Controller Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Hot Runner Temperature Controller Market- By Control Zone –Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: Hot Runner Temperature Controller Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Hot Runner Temperature Controller Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Hot Runner Temperature Controller Market- By Control Zone –Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico: Hot Runner Temperature Controller Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: Hot Runner Temperature Controller Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Hot Runner Temperature Controller Market- By Control Zone –Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Hot Runner Temperature Controller Market Segmentation
Figure 2. North America Hot Runner Temperature Controller Market Segmentation – By Country
Figure 3. North America Hot Runner Temperature Controller Market Overview
Figure 4. Valve Gate Hot Runner Segment Held the Largest Market Share in 2020
Figure 5. Packaging Industry Segment Held the Largest Market Share in 2020
Figure 6.-72 Zone Segment Held the Largest Market Share in 2020
Figure 7. The US was the Largest Revenue Contributor in 2020
Figure 8. North America – PEST Analysis
Figure 9. Hot Runner Temperature Controller Market– Ecosystem Analysis
Figure 10. Expert Opinions
Figure 11. North America Hot Runner Temperature Controller Market: Impact Analysis of Drivers and Restraints
Figure 12. North America Hot Runner Temperature Controller Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America: Hot Runner Temperature Controller Market Revenue Share, by Type (2020 and 2028)
Figure 14. Valve Gate Hot Runner: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Open Gate Hot Runner: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America: Hot Runner Temperature Controller Market Revenue Share, By Application (2020 and 2028)
Figure 17. Automotive Industry: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Electronic Industry: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Medical Industry: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Packaging Industry: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America: Hot Runner Temperature Controller Market Revenue Share, By Control Zone (2020 and 2028)
Figure 23. Up to 12 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 24.-48 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 25.-72 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 26.-108 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 27.-144 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 28.-180 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 29.-216 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Above 216 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Geographic Overview: North America Hot Runner Temperature Controller Market
Figure 32. North America: Hot Runner Temperature Controller Market Revenue Share, by Key Country (2020 and 2028)
Figure 33. US: Hot Runner Temperature Controller Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Canada: Hot Runner Temperature Controller Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Mexico: Hot Runner Temperature Controller Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Impact of COVID-19 Pandemic in North American Country Markets
SS
- 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.
- Hillenbrand, Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America hot runner temperature controller market.
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