About Draw Wire Encoder
Draw wire encoder is a linear measuring device that consists of four parts drum, measuring wire, spring, and position sensor. Compared to the standard encoders, wire-actuated encoders have the capacity to withstand harsh environmental conditions like humidity, dirt, high temperature, etc. It measures linear movement by using highly flexible steel wire, and a drum provides displacement-proportional output to provide a highly accurate measurement of linear motion.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Analyst at AMA Research estimates that German Manufacturers will contribute the maximum growth to Global Draw Wire Encoder market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kübler Group (Germany), Dynapar (United States), Sick AG (Germany), Ifm Electronic (Germany), FRABA B.V. (Netherlands), Sensata Technologies (United States), Wachendorff Group (Germany), WayCon Positionsmesstechnik (Germany), SIKO GmbH (Germany) and Pepperl+Fuchs (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are BEI Sensors (United States), LARM (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Draw Wire Encoder market by Type (Rotary Encoders, Absolute Encoders and Incremental Encoders), Application (Medical Technology, Lifting Devices, Working Platforms, Wind Turbine, Automotive and Others) and Region.
On the basis of geography, the market of Draw Wire Encoder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Draw Wire Encoder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Launch of New Draw Wire Encoders that Require Less Space, Cabling, and Cost
Market Growth Drivers:
Growing Adoption of Lifting Platforms, Medical Technologies, Construction Machinery, Etc.
Challenges:
Errors and Failures in Very Cold Temperature and Requirement of Regular Lubrication & Maintenance
Opportunities:
Increasing Demand to Replace Standard Encoder with Draw Wire Encoder
Market Leaders and their expansionary development strategies
In November 2020, Encoder products new LCX series draw wire sensor work with its encoder to accurately measure position and provide motion feedback in motion control applications.
In November 2021, Siko introduced inclination wire-actuated encoders for the position, speed, and inclination readings. The new encoder is compact, rugged, and easy to install that is designed for use with crane booms and vehicles with a boom-type structure. The SG31 and SG61 come with 3,000 mm and 6,000 mm measuring the length and SG121 and SG150 come with 12,000 and 15,000 mm measuring length and redundant and non-redundant position and inclination detector variants.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Draw Wire Encoder Manufacturers, Suppliers and Distributors of Draw Wire Encoder, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.