LONDON--(BUSINESS WIRE)--#Technavio--The new industrial counters market research report from Technavio indicates neutral growth in the short term as the business impact of COVID-19 spreads.
Get detailed insights on the COVID-19 pandemic Crisis and Recovery analysis of the industrial counters market.
Get FREE report sample within MINUTES
"One of the primary growth drivers for this market is the increase of precision control in the healthcare sector�, says a senior analyst for the industrials industry at Technavio. As the markets recover, Technavio expects the industrial counters market size to grow by USD 179.08 million during the period 2020-2024.
Industrial Counters Market Segment Highlights for 2020
- The industrial counters market is expected to post a year-over-year growth rate of 1.89%.
- Based on the end-user, the market saw maximum demand for industrial counters from the food and beverage industry. This is due to the increased use of industrial counters for counting function for a range of products such as raw materials, semi-finished goods, finished products, and packaging materials in the F&B industry.
- The market growth in the food and beverage segment will be significant over the forecast period.
Regional Analysis
- 38% of the growth will originate from the APAC region.
- The market growth in APAC is driven by the growth of the food and beverage and semiconductor and electronics industries.
- China and Japan are the key markets for industrial counters in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Click here to learn about report detailed analysis and insights on how you can leverage them to grow your business.
Related Reports on Industrials Include:
Global Industrial Food Milling Machines Market - Global industrial food milling machines market is segmented by product (roller mill, hammer mill, pin mill, air classifier mill, and others) and geography (North America, Europe, APAC, South America, and MEA). Click Here to Get an Exclusive Free Sample Report
Global Screw Machine Market - Global screw machine market is segmented by type (single spindle screw machine and multi spindle screw machine) and geography (APAC, Europe, North America, South America, and MEA). Click Here to Get an Exclusive Free Sample Report
Notes:
- The industrial counters market size is expected to accelerate at a CAGR of almost 4% during the forecast period.
- The industrial counters market is segmented by End-user (Food and beverage, Healthcare, Semiconductor and electronics, and Industrial manufacturing) and Geography (APAC, Europe, North America, South America, and MEA).
- The market is fragmented due to the presence of many established vendors holding significant market share.
- The research report offers information on several market vendors, including Eaton Corporation Plc, Hengstler GmbH, Littelfuse Inc., Mitsubishi Electric Corp., OMRON Corp., Panasonic Corp., Pepperl+Fuchs AG, Rockwell Automation Inc., Schneider Electric SE, and Siemens AG
Register for a free trial today to access 17,000+ market research reports using
Technavio's SUBSCRIPTION platform
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio�s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio�s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
�
