Valve Gate Segment to dominate Middle East & Africa Hot Runner Temperature Controller Market during 2020–2028

According to a new market research study on “Middle East & Africa Hot Runner Temperature Controller Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and End User,” is expected to reach US$ 18.04 million by 2028 from US$ 10.55 million in 2021. The market is estimated to grow at a CAGR of 8.0% from 2021 to 2028. The report provides trends prevailing in the Middle East & Africa hot runner temperature controller market along with the drivers and restraints pertaining to the market growth.     Up-lifting adoption of new-generation multizone hot runner controller technology, prospering IoT and industry 4.O, and decreasing of cycle time and reduction of plastic waste are the major factor driving the growth of the Middle East & Africa hot runner temperature controller market. However, higher dependency on manufacturing sector hinder the growth of Middle East & Africa hot runner temperature controller market.

The Middle East is an important oil-producing region in the world that includes the countries such as Saudi Arabia and the UAE. The COVID-19 pandemic has exposed the economies in this region to many additional challenges as most of countries faced a slack in the transportation operations, dip in goods demands, and disruptions in supply chain operations in FY 2020. Saudi Arabia is one of the largest markets for packaging sector in the Middle East & Africa as the country has a large customer base.  Irrespective of the pandemic-related challenges, the rising plastics production in Saudi Arabia and other countries in the Middle East & Africa is indirectly fueling the demand for hot runner temperature controllers. Furthermore, new regulations enacted across the countries in this region regarding the standard approval of usable plastics is also spreading awareness regarding precise plastic molding industrial operations, further encouraging the adoption of smart technologies for precise manufacturing.

The Middle East & Africa hot runner temperature controller market is segmented on the basis of type, application, control zone, and country. Based on type, the hot runner temperature controller market is segmented into valve gate and open gate. In 2020, valve gate segment held the largest share in the market and it is also expected to be the fastest growing segment during the forecast period. On the basis of application, the hot runner temperature controller market is segmented into automotive industry, electronic industry, medical, packaging industry, and others. In 2020, packaging industry segment held the largest share in the market and it is also expected to be the fastest growing segment during the forecast period. based on control zone, the hot runner temperature controller market is segmented into 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. In 2020, 12-48 zones segment held the largest share in the market and 48-72 zones is expected to be the fastest growing segment during the forecast period. Based on country the market is segmented into Saudi Arabia, the UAE, South Africa, and Rest of MEA. In 2020, the UAE held the largest share in the market and Saudi Arabia is expected to be the fastest growing country during the forecast period.

Gammaflux; Husky Injection Molding Systems Ltd.; Meusburger Georg GmbH & Co KG; INGLASS S.P.A.; Hillenbrand, Inc.; and GÜNTHER Heisskanaltechnik GmbH are among the leading companies in the Middle East & Africa hot runner temperature controller market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

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