Press release
Emerging Economies boost the Global Continuous Manufacturing Gravimetric Feeder Market
According to our Global Continuous Manufacturing Gravimetric Feeder Market report, the market is expected to rise with a CAGR of 6.91% during the forecast period, 2022-2030."Browse 39 market data Tables and 40 Figures spread over 197 Pages, along with an in-depth analysis of the Global Continuous Manufacturing Gravimetric Feeder Market Forecast 2022-2030."
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Gravimetric feeders are self-calibrating control systems that adjust the feeder's speed based on loss-in-weight measurements. It offers methods for tracking materials used and provides means to run dosing systems' recipes. These feeders are majorly deployed in continuous manufacturing processes. In addition, continuous research and innovation from several leading suppliers have created a wide array of applications that comfortably fit within the technical intricacies of the technology. These feeders are employed in the plastics, chemicals, pharmaceuticals, mining & metallurgy, and food & beverage sectors.
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Rising Number of Manufacturing Companies Propels Market Growth
Using the gravimetric feeder, manufacturing companies can enhance system performance as well as improve efficiency. Also, the feeders make it easier for more precise weighing and accuracy by providing accurate control and precision while drastically improving the production speed.
Emerging economies worldwide have contributed to more than half of new consumption over the past two decades. As a result, these countries are rapidly expanding their manufacturing industry, driving the market growth of the gravimetric feeders. Furthermore, manufacturers are on the lookout for innovations to improve processes and stand on better ground within the competitive market. Therefore, they can enhance system performance and improve efficiency by employing the gravimetric feeder.
Twin-Screw Leading Market by Type during the Forecast Period
Although twin-screw feeders are employed for free-flowing granulates or powders, they are particularly suited to feeding materials like bridging, fiber, flooding powder, fiberglass, and pigments. They are used in manufacturing processes throughout many industries, such as chemicals, food, minerals, plastics, and pharmaceuticals. In addition, loss-in-weigh feeders are another type of twin screw gravimetric feeder ideal for resin membrane powder, starch, plastic granules, calcium carbonate, flour, powder, and other materials.
Twin-screw gravimetric feeders have high feeding accuracy compared to single screw gravimetric feeders. They provide benefits such as low noise and smaller size. Besides, twin-screw gravimetric feeders come in a wide range of sizes and options to meet the feed rate requirements while solving material handling problems.
Asia-Pacific Expected to Grow with the Fastest CAGR by 2030
The Asia-Pacific region is expected to lead the market growth of the continuous manufacturing of gravimetric feeders globally. The manufacturing industry in Asia-Pacific has been growing fast owing to the strong and rapid growth of China and Taiwan. Also, India has become the fastest expanding manufacturing economy in the region. In addition, the Philippines and Indonesia have shown significant potential in the market, while the Australia and South Korea market growth has also accelerated.
The companies with undifferentiated gravimetric feeders with larger product portfolios create strong competition within the market. Besides, some companies are launching new products to extend their product portfolio. Additionally, new players need to have a high initial capital investment and a strong distribution network to enter the market. Also, significant R&D investment is required for creating a new product portfolio.
The global continuous manufacturing gravimetric feeder market is concentrated with intense rivalry amongst leading competing companies like NOVATEC Inc, Hapman, Schenck Process Holding GmbH, KUBOTA Corporation, etc.
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