Tension Control Market Size To Expand at a CAGR Of 4.80% During 2018 to 2023 by Montalvo, Maxcess, Dover Flexo Electronics, Double E, Nexen, RE Controlli Industriali, and Nireco

Global Tension Control Market Scenario

The global tension control market is expected to witness a 4.80% CAGR from 2018 to 2023 (forecast period). Increase in automation for applications such as printing, lamination and textile contributes to the market demand.

Moreover, growing emphasis on flexible printing and packaging adopted by manufacturers attribute to the market growth. This is evident by the volume of flexible packaging units to touch USD 15.7 billion in Europe by 2022. In addition, the U.S. Department of Defense had invested close to USD 75 million in 2015 to this regard.

Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/7415

The major drivers listed in the global tension control market report attribute as surging demands from the packaging sector in order to enhance the quality of the contents and maintain a longer shelf life; and growing opportunities in the pharmaceutical packaging in the emerging markets. Rise in use of 3D printing and packaging in the cabling industry is expected to emerge as a contribute as growth factor in the years to come. Automated systems are gaining traction rapidly by causing low lags in the production line. For instance, the Auto Web Tension Control System by Puretronics remembers the last output voltage to the brake/motor component for uninterrupted production.

Top Manufacturers

The key players of the global tension control market are Montalvo (US), Maxcess (US), Erhardt+Leimer (Germany), Dover Flexo Electronics (US), Double E (US), Nexen (US), FMS (Switzerland), RE Controlli Industriali (Italy), and Nireco (Japan), among others.

Industry Segmentation:

The global tension control market has been segmented based on type, component, application, and region.

Based on component, the market is classified into Load Cell, Controller, Dancer Roller, Diameter Sensor, Brake, Clutch. Load cell segment is expected to be driven by the increasing adoption of automation in aluminum, paper processing, and printing & packaging industries, particularly in Asia Pacific and Europe. Emerging economies such as China and India are witnessing substantial growth in packaging machinery manufacturing, particularly for the food & beverage and pharmaceutical sectors.

Regional Outlook

Regionally, the market covers the latest trends of the tension control market across Asia Pacific, the Middle East & Africa, South America, Europe, and North America. Asia Pacific accounted for the largest market share in the tension control market due to significant investments in the food and beverage industry followed by increasing investment in flexible packaging mainly in the food industry is expected to drive the market growth in this region. Increasing opportunities in the pharmaceutical sector is expected to balance the market demand in the years to come. Increased rate of imports as well as production of printing & packaging machinery can drive the tension control market demand exponentially till 2023.

Browse Full Tension Control Market Research Report @ https://www.marketresearchfuture.com/reports/tension-control-market-7415

Table Of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope Of The Study

2.3 Market Structure

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Market Size Estimation

3.4 Forecast Model

3.5 List Of Assumptions

3.6 Limitations Of The Study

4 Market Insights

Continued……

Contact:

Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

This release was published on openPR.