Tension Control Market Highlights
The global Tension Control market
is estimated to expand at 4.80% CAGR during the forecast period. Tension
control is the ability to permanently control the tension, majorly in raw
materials that are available in roll size. The tension control mechanism must
be efficient at any machine speed phase, including machine acceleration and
speed deceleration. Tension control system is of two types, closed loop and
open loop. Increasing demand for automated tension control is one of the major
factors driving the growth of tension control market. The COVID-19
Analysis of Tension Control Market is enduring an exacting period with
its robust growth coming to an abrupt halt in light of the COVID-19 pandemic.
The growing demand for Tension
Control market is attributed to growing automation in industries such as food
& beverage, pharmaceutical, and manufacturing industry. For instance, FIS (italy) a leading
pharmaceutical company selectec Emerson (US) to digitalize operations and work
processes at three manufacturing sites in Italy. With the $20 million
contracts, Emerson would provide automation technology to help create a fully
electronic manufacturing environment for increased efficiencies, quality and
regulatory compliance. One of the major restraints for the global Tension
Control market is the high initial cost of tension control system.
Leading Players
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.
Segmental Overview
The Tension Control market has
been segmented based on load cell, controller, dancer roller, diameter sensor,
brake, clutch. Among these types, load cell is the fastest growing segment in
the Tension Control market. This segment is expected to be driven by the rising
adoption of automation in aluminum, paper processing, and printing & packaging
industries, particularly in Asia Pacific and Europe.
Regional Analysis
Region wise, Asia Pacific held the
largest market share of the global Tension Control market in 2017. The market
in Asia Pacific is expected to lead the tension control market, by region. Huge
investments are taking place in food & beverage industry along with
increased investment in flexible packaging, especially in food industry would
drive the tension control market in Asia Pacific. The growth in pharmaceutical
manufacturing further offers opportunities for the tension control market in
the region.
Scope of the Report
This research report provides
insights into various levels of analysis, such as industry analysis and market
share analysis for the leading industry competitors, along with their profiles.
It also helps in studying the target segments by providing views on the
emerging & high-growth segments. The market data comprises the basic
assessment of the competitive scenarios and strategies in the global Tension
Control market, including high-growth regions and/or countries, and political
and economic environments. The project report further provides both – historical
market values and pricing & cost analysis
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