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. A detailed
analysis report of COVID-19
impact on Tension Control Market is provided
with the report.
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.
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