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Encoders Market Analysis Research Report: Growing Demand in Market Growth by 2027

The encoders market was valued at US$ 1,748.4 million in 2020 and is expected to grow at a CAGR of 10.2% from 2020 to 2027 to reach US$ 3,447.7 million by 2027.
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The research dives deep into the global share, size, and trends, as well as growth rate of the Encoders market to project its progress during the forecast period, i.e., 2021–2027. Most importantly, the report further identifies the past, present, and future trends that are expected to influence the development rate of the Encoders market. The research segments the market on the basis of product type, application, and region.

Industrial robots are widely used for manufacturing processes across the globe. With the adoption of robots, the cost of labor can be reduced to a great extent in various countries, such as the US and China. Developments in computing power and networking technologies have made installing and maintaining robots cost-efficient and faster. Such factors and their impact on the growth of the robotics industry are expected to continue. As per IFR, from 2020 to 2022, ~2 million units of industrial robots are anticipated to be installed in factories across the globe. APAC is the largest industrial robot market. In 2018, APAC grew by 1% in terms of robot installations, and Europe increased by 14%. The top industrial robotics markets in 2018 were South Korea, Japan, China, Germany, and the US. As leading companies in this market continue to broaden its addressable market by expanding their current offerings and diversifying their client base, all the prominent players face an increasing level of competition, both from start-ups and leading established companies across the globe. Several companies in the value chain are developing new products and acquiring other players in the market to maintain their position in the market and provide efficient services to their customers. Major providers of encoders are based in Europe and North America. However, the encoders market is penetrating at a high growth rate in APAC.  

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The Insight Partners delivers well-researched industry-wide information on the Encoders market. It studies the market’s essential aspects such as top participants, expansion strategies, business models, and other market features to gain improved market insights. Additionally, it focuses on the latest advancements in the sector and technological development, executive tools, and tactics that can enhance the performance of the sectors.

The report also includes the profiles of key Encoders companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

Here we have listed the top Encoders Market companies in the world

  1. Delta Electronics, Inc.
  2. Dahua Technology CO., Ltd
  3. Omron Corporation
  4. ELCO Holding
  5. FRABA B.V.
  6. FSI Technologies Inc.
  7. Renishaw Plc.
  8. Rockwell Automation, Inc.
  9. Scancon Encoders A/S
  10. Servotechnik GmbH

Competitive scenario:

The study assesses factors such as segmentation, description, and applications of Encoders industries. It derives accurate insights to give a holistic view of the dynamic features of the business, including shares, profit generation, thereby directing focus on the critical aspects of the business.

Geographically, this report focuses on product sales, value, market share, and growth opportunity in key regions such as United States, Europe, China, Japan, Southeast Asia, and India.

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Major highlights of the report:

  • An all-inclusive evaluation of the parent market
  • The evolution of significant market aspects
  • Industry-wide investigation of market segments
  • Assessment of the market value and volume in the past, present, and forecast years
  • Market share evaluation
  • Study of niche industrial sectors
  • Tactical approaches of the market leaders
  • Lucrative strategies to help companies strengthen their position in the market.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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By Meeta Ramnani

Meeta Ramnani

Meeta develops credible content about various markets based on deep research, opinions from experts and inputs from industry leaders. As the managing editor at Smart Market News, she assures that every piece of news and article adds to the knowledge of decision makers. An avid bike rider, Meeta, is a postgraduate from Indian Institute of Journalism and New Media (IIJNM) Bangalore, where her specialization was Business Journalism. She carries experience from mainstream print media including The Times Group and Sakal Media Group.

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