The Global Market for Industrial Weighing Equipment is Projected to Reach US$2.7 Billion by 2020
Increasing Demand for Automated Scales Drives the
Global Industrial Weighing Equipment Market, According to New Report by Global Industry Analysts, Inc.
GIA announces
the release of a comprehensive global report on Industrial Weighing Equipment. The
global market for Industrial Weighing
Equipment is projected to reach US$2.7 billion by 2020, driven by rising demand for automated
scales and the growing need to replace obsolete weighing equipment.
Weighing
equipment is ubiquitous in the industrial sector from the raw materials stage
to the final distribution of finished products. Growth in the weighing
equipment market is driven by strong demand for weighing solutions that offer
ease of use, enhanced reliability, accuracy and speed. Other factors
encouraging growth include replacement of old and obsolete equipment, growing
trend towards the deployment of automated process equipment and increasing
investments in manufacturing infrastructure. Technology advancements in digital
technology are expected to benefit the industrial weighing equipment market in
the coming years. Introduction of digital calibrated weighing machines and
advanced weighing machines with features such as automatic loading batteries is
expected to help spur adoption and widen the end-user base in the market.
Future growth
in the market will be driven by the shift from mechanical scales to
high-performance digital and automated scales. Increasing focus on productivity
and quality control beyond measurement accuracy is driving demand for automated
scales. Ease of deployment, higher precision and accuracy, and their ability to
reduce labor use are other factors driving adoption of advanced weighing
equipment. Electronic scale systems are equipped with weight sensors and indictors
as well as advanced data logging and communication capabilities for automation
of dry processing applications. Advanced software facilitates easy integration
of industrial weighing equipment plant devices for communication with vital
operating systems such as PLCs and PCs thus providing an automated weighing
solution. Growing need to replace the large installed base of manual weighing
equipment bodes well for the automated industrial weighing equipment market.
As stated by
the new market research report on Industrial Weighing Equipment, Asia-Pacific
represents the largest and the fastest growing market with a projected CAGR of
5.9% over the analysis period. Steadily growing economies, robust industrial
activity coupled with rising demand for reliable weighing technologies
represent key growth drivers in the region.
Key players
covered in the report include A&D Weighing, Avery Weigh-Tronix, Bilwinco
AS, CI Precision Ltd., Easiweigh Limited, Maguire Products, Inc.,
Mettler-Toledo International, Inc., Ohaus Corporation, Sartorius AG, and
Thompson Scale Company, among others.
Comments
Post a Comment