Heavy duty encoders can take the most abuse. They have excellent durability in high temperatures; with particulates, moisture, and contaminants; and under shock or vibration. They have superior speed performance, as well.
In the last several years, the global heavy duty encoder market enjoyed a slow develop speed, with a production growth rate about 3%. In 2016, the global heavy duty encoder production may be 961.2 K units.
In the next several years, the development of global heavy duty encoder production may still low without special circumstances. The global heavy duty encoder production is expected to be 1143.6 K units in 2021.
In the global production market of heavy duty encoder, Europe is the largest supplier, following by USA, due to the advanced manufacturing technology. China is the emerging market, though its market share is still little now. The growth rate of China heavy duty encoder market is much faster than other regions.
In the consumption market, Europe and USA are also the largest markets, due to developed industries, especially paper industry, elevators. With fast developed construction industry and rapid development of urbanization, China is becoming a more and more important market.
According to this study, over the next five years the Heavy Duty Encoders market will register a 1.7% CAGR in terms of revenue, the global market size will reach US$ 290 million by 2024, from US$ 260 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Heavy Duty Encoders business, shared in Chapter 3.
Table of Contents
2019-2024 Global Heavy Duty Encoders Consumption Market Report
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Heavy Duty Encoders Consumption 2014-2024
2.1.2 Heavy Duty Encoders Consumption CAGR by Region
2.2 Heavy Duty Encoders Segment by Type
2.2.1 Incremental Encoder
2.2.2 Absolute Encoder
2.3 Heavy Duty Encoders Consumption by Type
2.3.1 Global Heavy Duty Encoders Consumption Market Share by Type (2014-2019)
2.3.2 Global Heavy Duty Encoders Revenue and Market Share by Type (2014-2019)
2.3.3 Global Heavy Duty Encoders Sale Price by Type (2014-2019)
2.4 Heavy Duty Encoders Segment by Application
2.4.1 Steel industry
2.4.2 Paper industry