According to Data Bridge Market Research new Market report, global encoder market will account to a stable CAGR during the forecast period of 2019 to 2026.
Global Encoder Market
Encoder can be defined as an electrical component/device that is used for conversion of data/information from one type of format into another. These encoders or transducers are majorly of two types, rotary and linear. These encoders are used to convert the measured position or information gathered into usable digital signals that can be used for identifying the exact position or coordinates.
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Global encoder market is segmented on the basis of type, technology, end-user industry and geography.
By Type (Rotary Encoder, Linear Encoder), Technology (Optical, Magnetic, Photoelectric), End-User Industry (Automatic, Electronic, Textile & Printing Machinery) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
FACTORS DRIVING GROWTH IN ENCODER MARKET:
Constant upgradation and innovations:
Few of the major competitors currently working in the encoder market are Baumer Group, BEI Sensors, Dynapar, Omron Corporation, Rockwell Corporation, Inc., FAULHABER Group, HEIDENHAIN, Hengstler GmbH, Ifm Electronics, maxon motor ag, Pepprl+Fuchs, Pilz GmbH & Co. KG, Renishaw plc., SIKO GmbH and Hans Turck GmbH & Co. KG.
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Global Encoder Market- Industry Trends and Forecast to 2026