North America Hot Runner Temperature Controller Market

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.

North America Hot Runner Temperature Controller Strategic Insights

Strategic insights for the North America 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.

North America Hot Runner Temperature Controller Report Scope

North America Hot Runner Temperature Controller Regional Insights

The geographic scope of the North America 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 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.

Reasons to buy report

• To understand the North America 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 North America hot runner temperature controller market
• Efficiently plan M&A and partnership deals in North America 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 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.