Conveyor Scales Market
Conveyor Scales Market - By Type, By Application & Global Region - Market Size, Trends, Opportunity, Forecast 2021-2025Request Sample Request Discount
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The global conveyor scales market size was estimated at USD 2.5 billion in 2019 and is expected to reach USD 4.9 billion by 2027, growing with a CAGR of 5.1% over the forecasted period of 2021 to 2025. The modern time conveyor scale is known by diversified names such as dynamic scale, belt scale, weightometer, and in-motion weigher. The conveyor scale consists of load cells, weighing frame, an integrator, and a belt speed sensor. Moreover, the weigh frames are made up of a small steel channel with cross-members and one or more than one set of rollers on idlers designed explicitly for weighing applications. In a current time, conveyor scale is used in heavy industry like iron ore, coal, and minerals used for electrical load cell technology. Also, a load cell easily converts the force of the material's weight into an electrical signal. To have a mass flow rate, the electrical signal from the load cells is joint with an electrical signal from a belt speed sensor in a device known as an integrator.
Moreover, conveyor scales have been measures efficient and effective for decades due to its raising benefits for industrial uses. Various types of conveyor scales available in the market, ranging from single idlers to multi-idlers, are being offered by various market leaders. Raising advancement in technology in the field of coal and chemical industries is projected to drive the conveyor scale market demand in the future. Except for this industry, all ever growing end-use industries such as steel, chemical, cement, coal, and others in developing and developed regions are projected to further increase the demand for conveyor scales during the forecast period. Moreover, leading market players in the conveyor scales market are providing modified conveyor scales which is totally based on customer demand to raise their customer base and market share in the global conveyor scales market. However, the conveyor scale demand is expected to slow down as various plants are shutting down due to compliance issues with adverse environmental impacts from pollution arising from coal-fired plants. Thus, this factor will result in restraining the growth of the market.
Moreover, factors like increasing industrialization and raising trend of automation to reduce production cost and waste and improve the manufacturing efficiency encouraging the industries to adopt the conveyor scale. The leading players are focusing on lean manufacturing techniques to optimize the production process. Developing countries like China, Brazil and India are potential market. Furthermore, conveyor scales help in reducing the number of workers in various end-use industries. This is another crucial factor which is projected to created traction in the conveyor scales market soon. Moreover, various leading companies are changing conventional weighing mechanisms with conveyor scale to gain a competitive advantage in the industry, further creating a lucrative opportunity for the stakeholders.
North America market holds the major share in the year 2019 and it expected to retain its dominant during the forecast period. Raising automation in coal and chemicals industries is projected to greatly boost the North America conveyor scales market during the forecast period. Moreover, conveyor scales help in reducing the number of workers in various end-use industries. This is another crucial factor which is projected to created traction in the conveyor scales market in the near future. This in turn further boosts the growth of the conveyor scales market.
The conveyor scales market is segmented into belt, roller, pallet, overhead, and others by type analysis. The belt segment holds the major market share, and it is expected to retain its dominance during the forecast period. Moreover, belt conveyor is the common type of conveyor scale system which is finding application in variety of fields ranging from food industries to automotive. Stakeholders have established various types of conveyor scale system to meet demand from the customer. Few of the popular conveyor scale include elevator belt conveyor, flatbed belt conveyor, speed conveyor and others. Belt conveyor is seeking the great demand in the market due to their importance in conveying a variety of heavy or light weight, small or large products, or regular or irregular shaped products.
Based on application, the conveyor scales market is divided into single-idler, two-idler and multi-idler. The two-idler segment holds the major share owing to increase in uses in chemical industries.
Key Companies Profiled
The global conveyor scales market is characterized by the presence of various small and big players. The major market player includes Siemens AG, SSS Electronics, Yamato-Scale GmbH, Control Systems Technology (CST), Merrick Industries, ConveyWeigh, LLC., Shanxi Litry Automated Technology Co., Ltd, FLSmidth, Saimo, Schenck Process India Private Ltd., and Thayer Scale-Hyer Industries, Inc. As the market is competitive in nature, the players are indulged in raising their competitive share by means of strategic initiatives like mergers, new product and acquisitions.
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