North America Encoder Market is expected to grow with the CAGR of 8.8% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.
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North America 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 North America encoder market are introducing advanced encoder with high performance across various industries. This has helped companies to maximize the sales with enhanced product portfolio. For instance, in March 2020, Dynapar company launched new AI25 EtherNet/IP absolute encoder for the customers. The new encoder offers the rugged and reliable performance with repeatability and high resolution at effective price. Through this, the company enhanced the product portfolio for the customers.
Rockwell Automation, Inc. company is the dominating player in North America encoder market. The other key players existing in the market are Dynapar, OMRON Corporation, Baumer, ifm electronic gmbh, Sensata Technologies, Inc., FAULHABER MICROMO, LLC., Pilz GmbH & Co. KG, Hans Turck GmbH & Co. KG, Hengstler GmbH, POSIC SA, Micronor LLC, achendorff Automation GmbH & Co. KG, Renishaw plc, HEIDENHAIN CORPORATION, Celera Motion, maxon motor ag, Hongjing Co., Ltd., FRABA B.V., Pepperl+Fuchs and SIKO GmbH, among others.
Rockwell Automation, Inc. company is headquartered in Wisconsin, U.S. and was founded in 1903. The company also offers various business segments such as architecture & software, control products & solutions among which architecture & software is the focussed segment. The company engaged in manufacturing hardware and software products and focused on providing services for industrial automation and information. The company offers broad product portfolio of hardware and software among which hardware is the market focused category.
The company has wide North America presence across the globe such as North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. Company also generates revenue from the subsidiaries such as Allen-Bradley (U.S.), Sensia JV9 (U.S.), Maverick Technologies (U.S.), Automation Control Products, Inc. (U.S.), avnet data security (U.S.), among others.
OMRON Corporation is headquartered in Kyoto, Japan was established in the year 1933. The company known for manufacturing equipment, electronic component and system that used across the industrial automation. The company offers various business segments such as Industrial automation business, electronic and mechanical components business, social systems, solutions and service business, healthcare business and other, among which industrial automation business is our focussed segment.
The company has presence in Africa, Americas, Asia, Europe 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. which was established in 1973. The company deals in precision technology by designing, developing and providing solutions in the field of healthcare, agriculture, transportation among others. The company has wide business segments such as metrology, healthcare in which metrology are market focused category. Company operates the business through various products such as precision measurement and process control, position and motion control, healthcare, scientific, additive manufacturing (metal 3d printing), rapid prototyping, asset finance from renishaw among which position and motion control is focused category.
The company has presence in Asia-Pacific, North America, Europe, Middle East and Africa, South America. In addition, company also generates revenue through the subsidiary such as 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.
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OMRON Corporation, Renishaw plc and Rockwell Automation, Inc. are Dominating in the Global Encoder Market in 2019