Industry Background:
Saft encoders or rotary encoders are used for electronically monitoring the placement of shaft by converting shaft rotation into digital pulses. The digital output pulses produced by encoder are counted and evaluated by the control unit to determine the machine position and velocity. It provides accuracy and flexibility when controlling the motion of machines, along with the high operating and system speed decreases the number of cycles and boosts overall productivity. The encoders are available in the absolute and incremental form in different sizes according to the types of application to offer high-quality accurate measuring of the operation position of the shaft encoders.This growth is primarily driven by Increasing Demand for Reliable and Fast Signals for Modern Control Systems and Rising Need for Monitoring Speed, Direction and Position of Shafts.
Globally, a noticeable market trend is evident The Advent of Wireless Shaft Encoders
. Major Manufacturers, such as OMRON Corporation (Japan), Autonics.se. (Sweden), Renishaw plc. (United Kingdom), Encoder Products Company (United States), Pepperl+Fuchs (Germany), Heidenhain Corporation (United States), Baumer Electric AG (Switzerland), FRABA B.V. (Netherlands), Broadcom Inc. (United States), Tokyo Sokuteikizai Co., Ltd. (Japan), Nemicon Corporation (Japan), Balluff Inc. (United States), CTS Corporation (United States) and TR-Electronic (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
"According to the Safety Integrity Level (SIL) and Performance Level (PL) is defined as a measurement of the effectiveness of safety systems based on the probability of tolerable incidents that can occur within a number of processing demands. This standard defines requirements and gives recommendations for the design, integration, and validation of safety-related electrical, electronic and programmable electronic control systems for machinery such as encoders. It does not define requirements for the performance of non-electronic safety-related control elements for machinery. EN 62061 represents a sector-specific standard under IEC 61508. The performance of a safety function is described by the term Safety Integrity Level (SIL)."
Market Drivers
- Increasing Demand for Reliable and Fast Signals for Modern Control Systems
- Rising Need for Monitoring Speed, Direction and Position of Shafts
Market Trend
- The Advent of Wireless Shaft Encoders
- Increasing use of Digital Interface Shaft Encoders
Restraints
- Problems Related to Corrosion and False Working Due to Extreme Environments Condition
- Stringent Regulatory Guidelines
Opportunities
Technological Advancements in Shaft Encoders
Challenges
Intense Competition Due to the Entry of Various Players
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Shaft Encoders Study Sheds Light on
— The Shaft Encoders Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Shaft Encoders industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Shaft Encoders industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.