Market Insights
Hot runner temperature controllers are temperature controllers that provide consistent temperature control for runnerless/sprueless injection molds, machine nozzles, hot sprue bushings, and any other application that requires thermocouples to monitor temperature. Injection molding is without a doubt one of the most popular plastics manufacturing processes, as it provides a viable solution for mass production of high-quality injection automobile parts from a variety of polymers.
In 2020, the COVID-19 pandemic had a negative impact on the market. The packaging industry faced numerous challenges as a result of suspended or disrupted operations in the food & beverages, automotive, and medical industries. Assembly plants and supplier facilities in various countries were shut down. The grave impact of this was registered across the supply chain including the level of components.
Hot runner temperature controller, a sizeable market, could not escape from such trends and witnessed a significant decline amid the pandemic, quite aligned with the decline in the packaging industry. However, the industry is gradually rebounding in the year 2021 with the rising need for molded plastics across industries. The product demand is growing due to the suitability of versatile plastic components in flexible packaging, pipelines, insulation and coatings, and medical devices. Furthermore, growing demand from the construction industry owing to the extensive use of injection-molded plastics in flooring, roofing, pipelines, walls, insulation, and windows is likely to give an impetus to the demand for hot runner temperature controllers. Overall, the hot runner temperature controller market is likely to rebound at a promising CAGR of 7.1% during the forecast period.
Segment Analysis
Based on the product type, the hot runner temperature controller market is segmented as valve gate hot runner and open gate hot runner. Valve gate hot runner is expected to remain the larger segment of the market during the forecast period. Along with reducing cycle time, valve gate hot runner eliminates drool and gate string and improves physical properties with lower molded-in stress.
In terms of regions, Asia-Pacific is expected to remain the largest region in the market for hot runner temperature controllers during the forecast period. The growth of the region’s market can be attributed to the increasing manufacturing projects related to consumer goods and electronics in the region. The market is expected to expand in the coming years as a result of rising industrialization and rapid urbanization. Furthermore, rising demand for plastics in the healthcare sector to manufacture a range of medical instruments is expected to drive the hot runner temperature controllers’ market over the forecast period. North America and Europe are also likely to create sizeable opportunities in the coming five years.
Key Players
The following are the key players in the hot runner temperature controller market.
- Gammaflux
- YUDO Co., Ltd
- EWIKON Heißkanalsysteme GmbH
- GÜNTHER Hot Runner Technology
- Hillenbrand, Inc
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s hot runner temperature controller market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The hot runner temperature controller market is segmented into the following categories.
Hot Runner Temperature Controller Market, by Product Type
- Valve Gate Hot Runner (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Open Gate Hot Runner (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Hot Runner Temperature Controller Market, by Application Type
- Automotive Industry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Electronic Industry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Medical Industry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Packaging Industry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Hot Runner Temperature Controller Market, by Control Zone Type
- Up to 12 Zones (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- 12-48 Zones (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- 48-72 Zones (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- 72-108 Zones (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- 108-144 Zones (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- 144-180 Zones (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- 180-216 Zones (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Above 216 Zones (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Hot Runner Temperature Controller Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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