According to our latest market study on “Hot Runner Temperature Controller Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Application, Control Zone, and Geography,” the market is expected to grow from US$ 124.31 million in 2021 to US$ 203.17 million by 2028; it is expected to grow at a CAGR of 7.3% from 2021 to 2028.
Strategic Insights
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Report Coverage |
Details |
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Market Size Value in |
US$ 124.31 million in 2021 |
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Market Size Value by |
US$ 203.17 million by 2028 |
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Growth rate |
CAGR of 7.3% from 2021-2028 |
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Forecast Period |
2021-2028 |
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Base Year |
2021 |
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No. of Pages |
160 |
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No. Tables |
80 |
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No. of Charts & Figures |
87 |
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Historical data available |
Yes |
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Segments covered |
Type, Application and Control Zone |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; MEA |
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Country scope |
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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The whole time from the start to the finish of a process is referred to as the cycle time. Hot runner temperature controllers facilitate the reduction of plastic waste and cycle time, allowing for cost savings. This can be accomplished by maintaining a consistent heating temperature throughout the molded plastic item or polymer. The scrap generated by using a hot runner controller is limited or nil, further lowering the machine’s running costs. Moreover, the trash generated can be reused, and the scrap can be reshaped by grinding it in the hot runner controller system again.
As the plastic in the runner doesn’t solidify, there is less scrap; one doesn’t have to wait for the resin to cool, typically decreasing the cycle time. A shorter cycle time further translates into a reduced cost per part. Sink marks can also be avoided by using hot runners. Shorter cycle times can be attributed to the fact that the thickest part controls cooling time; thus, removing the cold runner will minimize cycle time. For instance, in several thin-wall injection molding methods, cycle time is less than 5 seconds. Moreover, hot runner temperature controllers use less plastic and consume less energy; moreover, they demand less manual labor for runner handling, trimming, and regrinding.
Impact of COVID-19 Pandemic on North America Hot Runner Temperature Controller Market
The COVID-19 pandemic hit almost all industries across the world in FY 2020 due to lockdown measures imposed by various countries, which disrupted the 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.
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A hot runner system consists of heated components that are infused into the cavities from plastic injected molds. This system efficiently delivers liquid plastic to several mold cavities to create a plastic product. The warmed plastic shifts from the molding machine nozzle through internal channels called runners and is transferred directly into multiple cavities at the same time. The popularity of hot runner temperature controllers is growing in popularity, as they do not allow the plastic to solidify in the runners and reduce cycle time by accelerating processing.
In addition to the steady economic growth, the escalating application of high-quality, injection-molded plastic products; advantages such as efficiency, energy-saving, and productivity; and favorable government regulations for encouraging the advancements in the industrial sector are further contributing to the hot runner controller market growth.
Hot Runner Temperature Controller Market: Competitive Landscape and Key Developments
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.; and HILLENBRAND, INC. (MOLD-MASTERS) are among the key players in the global Hot Runner Temperature Controller market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.
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In June 2021, Husky Injection Molding Systems, Ltd., a leading industrial technology provider to the plastics processing community, partnered with Chem-Trend on a system solution that creates repeatability during the critical color change process, allowing operators to work faster, more accurately, and more efficiently. Within the Husky AltaniumMold Controller operator interface, the team designed a novel guided method that is easily accessible to operators.
In October 2019, EWIKON HEIßKANALSYSTEME GMBH launched a new EWIKON pro CONTROL range of hot runner controllers. The competent EWIKON pro CONTROL series of hot runner controllers enables comfortable, reliable, and precise control of the hot runner system with intuitive and self-explanatory touch screen operation.
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