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
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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