Global Encoder Market is Expected to Grow With the CAGR of 8.7% in the Forecast Period of 2020 to 2027

The encoder industry will relinquish an approximated estimate at a frequency of 8.7% for the projection space of 2020 to 2027 with factor such as growing adoption of encoders to push for industry 4.0 acting as major driver for the growth of the encoder market. Changing regulations of international markets is acting as major restraint to the encoder market.

The encoder market has shown an exceptional penetration in countries such as the U.S., China, and Germany. Growing demand for industrial automation is increasing the penetration in developed countries. In developing countries, rising industrialization and the opportunity to integrate encoders in the wide range of applications is creating huge opportunity for the global encoder market.

Encoder Market Scenario

According to Data Bridge Market Research, the market for encoder in North America region has the highest market share followed by Asia-Pacific and Europe. Market leader is OMRON Corporation which accounts an estimated market share of approximately 62% to 78% in the Asia-Pacific region. The company has gained outstanding sales through their businesses of industrial automation, electrical and mechanical components and healthcare. The market is witnessing continuous product integration and expanding their business in the market.

  • In March 2020, Renishaw plc launched a new arc encoder series which is both flexible and cost effective, for partial arc measurement applications. This can be applied in the wide range of applications ranging from back end semiconductor development to beam line X-ray experiments. By this, the company has expanded their product portfolio which will help them to boost their revenue.  

Encoder Market Trends Impacting the Encoder Market

Now the question is which other regions OMRON Corporation, Renishaw plc and Rockwell Automation, Inc. are targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific encoder market and the market leaders targeting China, Japan and India to be their next revenue pockets for 2020.

The encoder market is becoming more competitive every year with companies such as OMRON Corporation, Renishaw plc and Rockwell Automation, Inc. as they are the market leaders for encoder. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the encoder market.

For more analysis on the encoder market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-encoder-market

Encoder Market Development

  • In July 2018, a new product was introduced by OMRON Corporation company named as CK3M-series programmable multi axis controller which is integrated with advanced encoder. The company integrated the EtherCAT and encoder communication protocols in the product for connectivity. With the launch of this product, the company has strengthened their offering for the market.

Scope of the Encoder Market

Global encoder market is segmented on the basis of countries into the U.S., Canada and Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Taiwan, Malaysia, Indonesia, Thailand, Philippines, rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Israel, Egypt, rest of Middle East and Africa, Brazil, Argentina and rest of South America.

  • All country based analysis of encoder market is further analyzed based on further segmentation. On the basis of type, the encoder market has been segmented into linear and rotary. On the basis of product type, the encoder market has been segmented into contacting and non-contacting. On the basis of output, the encoder market has been segmented into analog and digital. On the basis of design, the encoder market has been segmented into solid shaft encoders and hollow shaft encoders. On the basis of size, the encoder market has been segmented into less than 30 mm, 31 mm – 70 mm, 71 mm – 100 mm and more than 100 mm. On the basis of end-user, the encoder market has been segmented into industrial, automotive, aerospace, oil and gas, food and beverage, printing, consumer electronics, textile, medical and others.

To know more about the study https://www.databridgemarketresearch.com/reports/global-encoder-market

Key Pointers Covered in Encoder Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • Rockwell Automation, Inc.
  • Dynapar (a subsidiary of Fortive)
  • OMRON Corporation
  • Baumer
  • ifm electronic gmbh
  • Sensata Technologies, Inc.
  • FAULHABER MICROMO, LLC
  • Pilz GmbH & Co. KG
  • YUEQING YUMO ELECTRIC CO.,LTD
  • Hans Turck GmbH & Co. KG
  • Hengstler GmbH (a subsidiary of Fortive)
  • POSIC SA
  • Micronor LLC (a subsidiary of Photon Control Inc.)
  • Wachendorff Automation GmbH & Co. KG
  • Renishaw plc
  • HEIDENHAIN
  • Celera Motion (a subsidiary of Novanta Inc.)
  • maxon motor ag
  • HONTKO CO., LTD.
  • FRABA B.V.
  • Pepperl+Fuchs SE
  • SIKO GmbH

Above are the key players covered in the report, to know about more and exhaustive list of encoder companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-encoder-market

Research Methodology: Global Encoder Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Industrial Experts, Product Engineers, Plant and Machinery Operators and Assembly Line Personnel
  • Supply Side: Original Equipment Manufacturers, Exporter, Distributors, Wholesaler and Retailer among others

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