Encoders are sensing devices that provide valuable feedback in motion control systems. They convert the movement of a signal into an electrical signal readable by counters, PLCs, or other control devices. Utilizing the feedback signal from an encoder, position, count, speed, or direction can be accurately calculated. This data enables control devices to issue precise commands for specific tasks, enhancing the overall functionality and performance of the system.
According to Data Bridge Market Research the Encoder Market accounted for USD 734.99 million in 2022, and is expected to reach USD 1497.07 million by 2030. The market is expected to grow with a CAGR of 9.30% in the forecast period of 2023 to 2030.
“Growing usage of the encoder in multiple applications”
The increasing need for volume control, temperature control, position sensing, and velocity control in various applications, including automated machinery, consumer electronics, industrial machines, robotics, elevators, and conveyor speed monitors, is expected to fuel the growth of the encoder market. The demand for encoders is driven by their vital role in enabling precise measurements and control of parameters in these diverse industries, facilitating the efficient and accurate operation of motors and drives.
What restraints the growth of the encoder market?
“Delicate components and complexity”
Delicate components and complexity pose challenges and limitations for encoders, impacting their market resilience. High-temperature resistance is difficult to achieve in optical encoders. Pollution, including oil, dust, or dirt, can obstruct fine-pitch scales, photodetectors, and LEDs, leading to damage. Encoders' mechanical fragility is a notable drawback, raising concerns about their durability and reliability in demanding industrial settings. Overcoming these limitations is crucial for enhancing the performance and robustness of encoders in the market.
Segmentation: North America Encoder Market
The encoder market is segmented on the basis of type, product type, output, size, design, technology and end user.
- On the basis of type, the encoder market is segmented into rotary, linear.
- On the basis of product type, the encoder market is segmented into non-contacting, contacting.
- On the basis of output, the encoder market is segmented into digital, analog.
- On the basis of size, the encoder market is segmented into 31 mm-70 mm, less than 30 mm, 71 mm-100 mm, more than 100 mm.
- On the basis of design, the encoder market is segmented into hollow shaft encoders, solid shaft encoders.
- On the basis of technology, the encoder market is segmented into optical, magnetic, and photoelectric.
- On the basis of end user, the encoder market is segmented into industrial, automotive, aerospace, medical, printing, food and beverage, oil and gas, consumer electronics, textile, others.
Regional Insights: U.S. dominates the Encoder Market
The U.S. is dominating the North America encoder market owing to strong hold of the encoder for the high end automation. North America encoder market is increasing with strong rate due to strong demand for magnetic encoders. Mexico is also coping up in the market owing to strong penetration in the market for wide range of applications.
To know more about the study visit, https://www.databridgemarketresearch.com/pt/reports/north-america-encoder-market
Recent Developments
- In 2021, APS contracted a national distribution agreement with Baumer Group. As a result of this partnership, the APS would have access to Baumer products such as encoder, distance measurement and identification sensors and others
- In 2021, Baumer Group established a novel bearing less encoder called EB200E. It is the major incremental bearing less encoder with IO-link on the market. This smart encoder allows for practical machine concepts that are mostly based on the efficiency of the price.
The Prominent Key Players Operating in the Encoder Market Include:
- Rockwell Automation, Inc. (U.S.)
- Dynapar (U.S.)
- OMRON Corporation (Japan)
- Baumer (Switzerland)
- ifm electronic gmbh (Germany)
- Sensata Technologies, Inc. (U.S.)
- FAULHABER GROUP (U.S.)
- Pilz GmbH & Co. KG (Germany)
- YUEQING YUMO ELECTRIC CO.,LTD (China)
- Hans Turck GmbH & Co. KG (Germany)
- Hengstler GmbH (Germany)
- POSIC (Switzerland)
- Micronor Sensors (U.S.)
- Wachendorff Automation GmbH & Co. KG (Germany)
- Renishaw plc. (U.K.)
- HEIDENHAIN (Germany)
- Celera Motion (U.S.)
- maxon. (Switzerland)
- HONTKO CO., LTD. (Taiwan)
- FRABA B.V. (Netherlands)
- Pepperl+Fuchs (Germany)
- SIKO GmbH (Germany)
Above are the key players covered in the report, to know about more and exhaustive list of encoder market companies contact, https://www.databridgemarketresearch.com/pt/contact
Research Methodology: North America Encoder Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, North America vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
