Press release
Hoist Controller Market 2019 – 2024 Growth Analysis by Leading players: Magnetek, Schneider Electric, Conductix-Wampfler, Demag Cranes & Components
Hoist Controller Market
Hoist Controller Market in Asia Pacific will surpass USD 33.6 million by end of 2025, increasing at CAGR of more than 3.3%. The North America market held second major chunk of the market. This will surpass USD 24.5 million till end of 2025, increasing at 2.7% CAGR.
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Hoist Controller Market will exceed USD 104.0 million; according to a new research report.
Handheld hoist controllers occupied the dominant share of more than 94% in revenue by 2017. This would grow at CAGR over 3.0%, surpassing USD 99.2 million till 2025.
Automatic hoist controllers would grow at a very low CAGR over handheld hoist controllers. The market would surpass USD 5.8 million till 2025.
Significant companies in global hoist controller market comprise:
• Eastern Electric Corporation
• Uesco Cranes
• Speed-O-Controls
• Magnetek Inc.
• Conductix-Wampfler USA
• Hoosier Crane Service Company
• Schneider Electric
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Handheld hoist controller market for cement industry applications generated larger revenue share by end of 2017, and this might reach USD19.2 million by end of 2025.
Electric hoists utilized a major chunk of market. This had a share higher than 97% in 2017 and would rise over CAGR of 3.0% reaching USD 103.2 million till end of forecast timespan.
Hydraulic hoists utilize very minute part in market in the entire forecast period. This market segment would experience rise at a CAGR over 2.7%, reaching USD 1.8 million till end of projected period.
Hoist Controller Market might witness obstruction to growth in size majorly because of accessibility of very low-standard controlling equipment. In addition, presence of highly unorganized market, attributed with rare options of water proof hoist controllers' may restrain the market.
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