Asia Pacific Encoder Market Size, Share & Industry Trends Analysis Report By Type (Rotary and Linear), By Application, By Signal Type (Incremental and Absolute), By Technology (Magnetic, Optical, Inductive), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Encoder Market would witness market growth of 9.5% CAGR during the forecast period (2022-2028).
Encoders are increasingly frequently used tools in both business and everyday home gadgets. Here are a few examples of how encoders are employed: Encoders installed on the electric motor shaft of cranes, such as a crane, provide positioning feedback so you can determine when to lift or launch the loads. The encoder provides the filling equipment with information about the position of the containers in applications where jars or containers are filled.
The control procedure is the same in every application that uses an encoder: the encoder provides electrical signals to the control system, which transmits signals to the device or application to perform a specified function. In a closed circuit, control is achieved by feedback. For accurate position assessment in industrial automation, encoders are especially well-suited.
SICK encoders accurately measure RPM, speed, and acceleration. The combination of very reliable magnetic encoders and optical encoders with high resolution enables precise measurements in demanding applications. Typically, measuring activities are either rotational or linear. While linear encoders govern, for instance, the position or the synchronization in linear movements, rotary encoders measure rotating movements.
The national GDP of China has increased significantly due to the country's electronics industry. The Chinese government is a strong supporter of industry consolidation that is driving key businesses into dominating positions to steer the industry's strategic development. Foreign-invested businesses (FIEs), the main owners of most of the fundamental technology used in production apart from consumer electronics, dominate the industry.
The China market dominated the Asia Pacific Encoder Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $500.2 million by 2028. The Japan market is estimated to grow a CAGR of 8.8% during (2022 - 2028). Additionally, The India market would experience a CAGR of 10.1% during (2022 - 2028).
Based on Type, the market is segmented into Rotary and Linear. Based on Application, the market is segmented into Industrial, Healthcare, Power, Food & Beverage, Automotive, Consumer Electronics, Aerospace, Printing, Textile, and Others. Based on Signal Type, the market is segmented into Incremental and Absolute. Based on Technology, the market is segmented into Magnetic, Optical, Inductive, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Encoder Market is Projected to reach USD 4.8 Billion by 2028, at a CAGR of 9.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Renishaw PLC, Dr. Johannes Heidenhain GmbH, Fraba B.V., Sensata Technologies Holdings PLC, IFM Electronics GmbH, Mitutoyo Corporation, Pepperl + Fuchs Group, Fortive Corporation, Maxon Motor Ag, and Balluff GmbH.
Scope of the Study
Market Segments Covered in the Report:
- Food & Beverage
- Consumer Electronics
By Signal Type
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Renishaw PLC
- Dr.Johannes Heidenhain GmbH
- Fraba B.V.
- Sensata Technologies Holdings PLC
- IFM Electronics GmbH
- Mitutoyo Corporation
- Pepperl + Fuchs Group
- Fortive Corporation
- Maxon Motor Ag
- Balluff GmbH
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