The belt scale market is likely to be valued at approximately US$ 970 million in 2019, witnessing a growth of over 3%. The steady growth in the belt scale market will be driven by a combination of macroeconomic and industry-specific factors, including growing demand for bulk material handling for increased production.
According to the study, belt scale systems market growth will be upheld by advancements in the Industrial Internet of Things (IIoT) which is enabling end-users to efficiently manage and maintain conveyor belt scale systems. Integration of advanced sensors in conveyor systems is allowing end-user industries to remotely monitor the functioning of different parts of conveyor belt scales systems. In addition, IIoT technologies are aiding companies across different industries in collecting valuable data which can be leveraged to predict maintenance requirement and evaluate production flows and rates.
The study further opines that quick and efficient identification of defective parts in belt scale systems is aiding end-user industries in substantially reducing the downtime. Leveraging its capabilities, companies are monitoring real-time data to optimize production and manufacturing processes. Additionally, remote monitoring, predictive maintenance, and optimization are helping companies reduce dependency on manual labor and save on overhead costs. These factors are vital to the surging demand for automation across different industries which, in turn, is complementing the growth of the belt scales market.
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Robust Demand for Multi Idler Belt Scale Systems to Prevail
Multi idler belt scale systems in dual idlers, triple idlers, and quad idlers are finding increasing application owing to the enhanced accuracy the conveyor systems provide relative to single idler belt scale systems. Multi idler belt scale systems use additional load cells for precise weighing of materials. In addition, the utilization of additional load cells aids in expanding the size of the weighbridge eventually allowing integrators to measure materials for a longer period of time. The inclusion of each new idler enhances the accuracy of the belt scale systems. Multi idler belt scale systems are increasingly being adopted in applications which require precise weight sampling of products or use extremely fast conveyor systems. Additionally, multi idler belt scale systems deliver the same accuracy when used in combination with variable conveyor systems in portable conveyors, stationary conveyors, and feeders making them a preferred choice for integration with already existing systems.
The belt scale market is likely to be valued at approximately US$ 970 million in 2019, witnessing a growth of over 3%.
The steady growth in the belt scale market will be driven by a combination of macroeconomic and industry-specific factors, including growing demand for bulk material handling for increased production.
Integration of advanced sensors in conveyor systems is allowing end-user industries to remotely monitor the functioning of different parts of conveyor belt scales systems.
In addition, IIoT technologies are aiding companies across different industries in collecting valuable data which can be leveraged to predict maintenance requirement and evaluate production flows and rates.The study further opines that quick and efficient identification of defective parts in belt scale systems is aiding end-user industries in substantially reducing the downtime.
Leveraging its capabilities, companies are monitoring real-time data to optimize production and manufacturing processes.
Additionally, remote monitoring, predictive maintenance, and optimization are helping companies reduce dependency on manual labor and save on overhead costs.
The new report on the Belt Scales market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2013 – 2017.
The steady growth in the belt scale market will be driven by a combination of macroeconomic and industry-specific factors, including growing demand for bulk material handling for increased production.
The business intelligence study offers readers a granular assessment of key growth dynamics, promising avenues, and the competitive landscape of the Belt Scales market.
The impact of this pandemic is growing day by day as well as affecting the supply chain.
Trade barriers are further restraining the demand- supply outlook.
The key regions comprise the following geographical segments: North AmericaLatin AmericaEuropeJapanAPEJMEAThe detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas.
