Global Encoder Market is expected to grow with the CAGR of 8.7% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
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Global encoder market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in global encoder market are introducing new, flexible and strong range of encoder portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in March 2020, a new range of flexible and cost-effective arc encoder range has been launched by Renishaw plc for partial arc measurement applications. The partial arc encoders are used in the wide variety of applications such as back-end semiconductor manufacturing as well as beamline X-ray experiments. This will eventually help the company to increase its sales and improve product portfolio.
OMRON Corporation is the dominating player in global encoder market. The other key players existing in the encoder market includes Rockwell Automation, Inc., Dynapar (a subsidiary of Fortive), 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 and SIKO GmbH among others.
OMRON Corporation is headquartered in Kyoto, Japan which was established in 1933. The company focuses on production and selling of manufacturing equipment, electronic component and system which are used worldwide in automation industry. The company offers wide range of business segments and categories such as industrial automation, electronic and mechanical components, social systems, solution and service, healthcare and other among which industrial automation is the market focused segment as well as category.
The company has a wide global presence across the globe such as in North America, South America, Europe, Africa, Asia and Oceania. In addition to it, the company also generates its revenue from the various subsidiary companies such as Omron Canada Inc. (U.S.), Omron Healthcare Ltd. (U.K.), Omron Ltd. (China), Omron Microscan System, Inc. (U.S.) among others.
Renishaw plc is headquartered in Gloucestershire, U.K. was established in year 1973. The company deals in various business segments such as metrology and healthcare out of which metrology is the market focused segment. The company focuses on designing, developing and providing products and services for healthcare, transportation and agriculture industry including other industries also. The company offers various products under categories such as precision measurement and process control, position and motion control, healthcare scientific, additive manufacturing (metal 3D printing), rapid prototyping and asset finance among which position and motion control is the market focused category.
The company has presence in Asia-Pacific, North America, Europe, Middle East and Africa and South America. In addition to it, the company also generates its revenue from the various subsidiary companies such MTT Investments Limited (U.K.), Renishaw Advanced Materials Limited (U.K.), Renishaw International Limited (U.K.), Renishaw Medical Limited (U.K.) and Renishaw PT Limited (U.K.) among others.
Rockwell Automation, Inc.:
Rockwell Automation, Inc. is headquartered in Wisconsin, U.S. which was founded in 1903. The company deals in various business segments such as architecture & software and control products & solutions out of which architecture & software is the market focused segment. The company is engaged in manufacturing hardware and software products and focuses on providing services for industrial automation and information. The company has products under categories which are hardware and software in which hardware is the market focused category.
The company has global presence in North America, Asia-Pacific, Latin America, Europe and Middle East and Africa. In addition, the company also generates revenue through the subsidiaries such as Allen-Bradley (U.S.), Maverick Technologies (U.S.), Automation Control Products, Inc. (U.S.), avnet data security (U.S.) among others.
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