LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global PID loop tuning software market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
According to Technavio market research analysts, the global PID loop tuning software market will grow at a CAGR of nearly 3% during the forecast period. The high complexity involved in tuning PID loop essentializing automation is a major factor driving the market’s growth. PID loop tuning is a highly complex technology which requires extensive calculations, and this fuels the need for advanced software. The high complexity of PID loop tuning software along with growing end-user requirement will drive further innovation in the market, consequently driving the demand for PID loop tuning software during the forecast period.
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In this report, Technavio highlights the growing integration of software for identifying, monitoring, and control as one of the key emerging trends driving the global PID loop tuning software market:
Growing integration of software for identifying, monitoring, and control
Vendors in the global PID loop tuning software market are offering additional tools for analysis and monitoring. For instance, ControlSoft offers Control Valve Diagnostics, a tool for detecting and diagnosing the poor performance of a control valve. Similarly, Emerson Electric offers the DeltaV EnTech Toolkit with its DeltaV InSight PID loop tuning software. It is a PC-based solution which includes advanced analysis and tuning technology, easy plant data collection, and model identification. Metso offers tools for cascade and feedforward loops, valve analysis, pH control linearizer, and power spectrum analysis under its Standard Plus and Advanced version.
According to a senior analyst at Technavio for automation research, “Vendors are also offering loop tuning that can generate reports on the loop tuning performance. For example, ControlSoft provides 14 different types of reports based on performance monitoring, tuning, simulation, system configuration, device setup, and communications health. Yokogawa Electric offers loop tuning history reports, tuning step reports, and PID log book. The PID loop monitoring software by PiControl Solutions can automatically generate a report even when the software is under operation.”
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Global PID loop tuning software market segmentation
This market research report segments the global PID loop tuning software market by end-user (oil and gas, chemical and petrochemical, food and beverage, power, and others) and key regions (the Americas, APAC, and EMEA).
EMEA held the largest market share in 2017, accounting for over 36% of the market, followed by APAC and the Americas. The market share for APAC is expected to witness the maximum growth over the forecast period while that of the Americas is expected to witness a decline.
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