A gradual surge in the industrial and manufacturing production, coupled with the growing demand for food upheld the growth of the belt scales market during the 2013-2018 period with the market registering a steady growth at 2.6%.In 2018, the belt scales market was valued at over US$ 930 million and is likely to witness consistent growth at 3.3% CAGR during 2019-2027.While belt scale systems find applications in an array of end-use industries such as food & beverages, cement, steel, energy & power, and logistics, demand for conveyor belt scale systems is surging in the mining industry. Mining industry relies heavily on weighing of material which is a key aspect for evaluating profitability.
The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and a far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Belt Scales Market both at worldwide and provincial levels.
Download a Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=2605?AS
Growth Analysis
- Low operating costs, precision weighing mechanism, increased throughput, and high efficiency are making conveyor belt scales increasingly popular in the mining industry. Numerous companies are replacing conventional weighing mechanisms with conveyor belt scales to gain a competitive edge in the mining industry.
- Innovative integrations being made to the conventional belt scale systems are providing additional value for industry-specific usage, a pervasive trend driving widespread adoption of belt scales in industries that are seeking cost-effective, precise, and efficient weighing solutions to boost throughput.
- Rapid industrial growth and demand for bulk material handling and weighing is creating a demand for assembly line setup to boost throughput and reduce overhead costs, a trend which is likely to cause a surge in the demand for conveyor belt scale systems across industries.
- Advancements in Industrial Internet of Things (IIoT) is allowing end-use industries to optimize belt scale performance, reduce downtime, increase throughput, collect data, and automate industrial processes through continuous remote monitoring. The greater control over operations is, in turn, encouraging the adoption of belt scale systems in an assortment of industrial sectors.
- Development of portable cleaning solutions for conveyor belt scale systems is likely to drive the demand in the food and beverages industries with stringent government regulations prompting companies to focus on the quality of the production environment.
Belt Scale Market – Competitive Landscape
- To capitalize on the growing demand for conveyor belt scales in the mining industry, Sensortechnik, a leading player operating in the belt scales market launched the new H-Sensortechnik optical scale in 2018. The belt scale system leverages laser technology to calculate the volume of the material on the conveyor systems.
- In order to enhance the speed of production and accuracy of measurement, a group of researchers developed a digital algorithm to filter out noise created by conveyor vibrations and products in motion. The study conducted concluded the digital algorithm could effectively measure the weight of items of different lengths which are transported on the conveyor in a random order.
- In 2018, a conveyor belt scale system was designed specifically to measure the weight and flow rate of electronic components for instances where electromagnetic interferences could impact the readings. The novel belt scale system leverages fiber Bragg grating to accurately measure the weight of electronic components.
Leading players operating in the belt scale market include Covey Weigh LLC, Thayer Scales Inc., Tecnetics Industries, Inc., Saimo Technology Pty Ltd, and Yamato Weighing & Information Technology.
Key Segments of Belt Scales Market
- Idler Type
- Single Idler
- Multi Idler
- Weighing Capacity
- Light (Less than 1500 t/h)
- Moderate (1500 – 5000 t/h)
- Heavy (More than 5000 t/h)
- End-Use Industry
- Mining
- Food & Beverages
- Cement
- Steel
- Logistics
- Energy & Power
- Others
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
What Do You Get in a Fact.MR Study?
- Factors affecting the overall development of the global Belt Scales Market
- Factor that might restrain the growth of the global market in the coming years of the forecast period.
- What is present competitive scenario of the global Belt Scales Market and its intricate details concerning potential business prospects of leading market players
- Pricing strategies of several different market players in the global Belt Scales Market
Customize this report for your specific research solution:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=2605?AS
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Email : sales@factmr.com