- An industrial brakes is a device used to control the motion of a moving body by absorbing its kinetic energy.
- Along with controlling the speed, the brakes also assist in delivering desired action or processing in respective applications as per requirement.
- Integration of automation in the industrial sector and adoption of industrial robotics are expected to boost the growth of the industrial brakes market in the coming years. Further, technological advancement in industrial brake systems including automatic braking systems and sensors-enabled brake systems are estimated to offer lucrative growth opportunities to market players in the near future.
- The global industrial brakes market is expected to expand at a rapid pace during the forecast period owing to increasing activities in construction and manufacturing sectors with rise in population.
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- Application of industrial brakes are expected to increase with rise in demand for industrial robotics across all industries. These brakes facilitate the desired motion in the industrial sector by delivering right velocity as well as acceleration and deceleration of the industrial equipment. This will push the need for more industrial brakes.
- Moreover, it supports the holding and lifting of heavy loads in manufacturing plant activities. Industrial brakes are increasingly being used in manufacturing, metals & mining, and construction industries. Further, advanced technology solutions in automated brakes is expected to drive the growth of the market in the upcoming years.
- Rapid growth of the mining sector in emerging economies is anticipated to fuel the market growth in the next few years.
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