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 Analysis 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.
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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.
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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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