Linear Motor Market: Deep Company Profiling of Leading Players 2020-2030

Transparency Market Research delivers key insights on the global linear motor market. In terms of revenue, the global linear motor market is estimated to expand at a CAGR of 5.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global linear motor market.

Linear motors are defined as electric motors that generate the motion in a straight line, unlike the rotational motion. In a linear motor, the stator is unrolled and spread out flat, while the rotor moves past it in a straight line. Linear motors are used in all designs of machines that require linear motion, including overhead-travelling cranes and beltless conveyors used for moving sheet metals. Linear motors are employed in a wide range of applications in industries such as manufacturing, semiconductor, food & beverages, textile, healthcare, and printing. Linear motors come in three designs: flat-bed, U-channel, and cylindrical.

In line with the growth of the global automation industry, manufacturing and process plant operators are adopting advanced technologies for processes and operations focused on achieving improved product efficiency, reduced labor, and decreased operational costs. Linear motor systems offer a reliable and efficient solution to achieve high efficiency and hence, they are increasingly being adopted in applications ranging from simple point-to-point systems to sophisticated or complex automation systems.

Linear Motor Market: Dynamics

Servo Components and Systems Ltd has designed a new direct drive called Green Drive Actuator (a combination of speed and rugged operations), which can control the ball screw and provide increased reliability to direct drive linear motors. The actuator operates at a speed of up to 5 m/s, with a positional reliability of 50 microns, which makes it suitable for several industrial applications.

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Copley Controls Corp provides a range of AC- and DC-powered digital drives for use in servo and stepper motors called New Plus Servo Drives. Safe torque-off capability of these drives eliminates the complex wiring used in traditional safety applications. New Plus Servo Drives use metal enclosures that ensure the maximum level of noise immunity.

Due to technological innovations in direct drives, the demand for linear motors is increasing in various industrial applications. This, in turn, is boosting the global linear motor market. The impact of this driver is expected to remain high during the forecast period

One of the major issues associated with linear motors is their high cost and the complex design of electromagnets used in them. Generally, more powerful electromagnets are required to lift and move one magnet over another, which consumes a large amount of electric power. Linear motors use superconducting magnets to overcome this issue. As for dynamic applications, linear motors are energy efficient and they can attain high speed. For this purpose, superconducting magnets are used to attain low temperatures, which reduces the power consumption, thereby preventing thermal wear and tear of motors. Use of electromagnets with such complex designs is restraining the global linear motor market. Thus, high costs and complex designs of electromagnets used in linear motors are major restraining factors for the global linear motor market. The impact of this driver is expected to remain high during the forecast period.

Linear Motor Market: Prominent Regions

In terms of revenue, Asia Pacific dominates the global linear motor market. The market in the region is estimated to expand at the maximum CAGR of 6.32% during the forecast period and reach more than US$ 1 Bn by 2027. This is attributable to the fact that players operating in end-user industries in the region such as electronics & assembly, semiconductor, and machine tools directly contact OEMs for their specific requirements for linear motors.

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Increasing adoption of linear motors in Asia Pacific is expected to offer lucrative opportunities to vendors, especially in the electronics & assembly industry during the forecast period. In terms of revenue, the North America market is expected to expand at a sluggish rate during the forecast period. This is due to the presence of various manufacturing industries in the region, which use robots based on linear motors for product manufacture. Other regions such as Europe witness presence of various industries that require linear motors such as automotive, manufacturing, machine tools (metal forming & metal cutting), and packaging & labeling.

Linear Motor Market: Key Players

Key players operating in the global linear motor market are Aerotech, ANCA Group, BOSCH Rexroth, ETEL S.A., FANUC Corporation, Hiwin Corporation, Jenney Science AG, KML Linear Motion Technology GmbH, Kollmorgen Corporation, Mitsubishi Electric Corporation, Moog Inc., NTI AG LinMot, Oswald Elektromotoren GmbH, Parker-Hannifin Corporation, Piezo Motor Uppsala AB, Rockwell Automation, Inc., Sodick Co. Ltd., and Yaskawa Electric Corporation.

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Touch Screen Display Market: Growth Opportunities to Tap into in 2020-2027

The global touch screen display market is experiencing extreme competition in the market, observes Transparency Market Research. The fierce competition is among some of the leading players in the market such as Samsung, Fujitsu, 3M, Panasonic Corp, and LG Electronics. The prominent players are also highly focusing on mergers and acquisitions that could help them to expand their business. Focus on research and development activities in increasing, as players want to use innovative technologies and develop new products. Emerging economies is also seen lucrative opportunity by the players due to the presence of cheap labor and high availability of raw materials.

Statistics presented by Transparency Market Research, the global touch screen display market is anticipated to reach a valuation of US$ 121.1 bn by the end of 2027 progressing from US$ 57.1 as estimated in 2018. Over the forecast tenure between 2019 and 2027, the global market is projected to expand at 8.90% CAGR.

The application of touch screen display is high in retail kiosk as these screens are highly preferred as compared to other applications in this segment. The retail kiosk segment is expected to lead the market due to presence of multiple retail outlets spread across the globe. On regional front, North America held 35% market share in 2018. Over the forecast period, this region is expected to continue its dominance owing to the presence of key manufacturers in the region. On the other hand, Asia Pacific is also projected to be one of the key regions for the growth of this market due to increasing demand for touch screen display in this region.

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Retail Sector to Play a Crucial Role in Fueling Demand for Touch Screen Display

Application of touch screen display is seen in retail kiosks, gas pumps, public transport kiosks, car wash centers, automated teller machines (ATMs), sports arenas, parking terminals, medical equipment, and trade shows and exhibitions. Thus, with the growing application the demand for touch screen display is expected to grow significantly in the coming years. Among these applications, retail kiosk to lead the market as large number of retail outlets use touch screen display across the globe. This has given a significant push to the market’s growth. Moreover, to increase customer engagement various retailers are also adopting these advanced technologies. Introduction of infrared touchscreen and gesture sensing is also expected to benefit the market growth.

High Production Cost To Impede Market Growth

Despite the growing demand for touch screen display, few challenges are present in the market that could hamper the growth of this market. One of the major challenges is the limited availability of raw material. In addition, heavy competition and high cost of production may also lower down the prospects for growth in this market. However, operational ease and cost efficiency provided by these displays are projected to overcome these restraints in the coming years. Moreover, constant technological innovation that enhance the usability of these displays is helping in increasing the popularity of these displays. Thus, in the near future, the demand for touch screen displays are likely to increase at a significant rate.

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The information presented in this review is based on a TMR report, titled “Touch Screen Display Market (Application – Gas Pumps, Automated Teller Machines (ATM), Retail Kiosks, Trade Shows and Exhibitions, Car Wash Centers, Parking Terminals, Sports Arenas, Public Transport Kiosks, and Medical Equipment) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2027.”

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Magnetic Flow Meter Market | Size, Share, COVID – 19 Outbreak and Forecast to 2030

Transparency Market Research delivers key insights on the global magnetic flow meter market. In terms of revenue, the global magnetic flow meter market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global magnetic flow meter market.

The global magnetic flow meter market is broadly affected by several factors, including maintenance-free design that offers longer service life and integration of advanced technologies. The market for magnetic flow meter systems is likely to take off and it will be interesting to observe how the contending innovation based new technology changes in the years ahead.

Magnetic Flow Meter Market: Dynamics

The maintenance-free design offers longer service life of magnetic flow measuring devices, providing cost-effective flow measurement with a high degree of accuracy for a wide range of process conditions. Magnetic flow meters are volumetric flow meters, which do not have any moving parts. The fixed parts in these magmeters make these systems more reliable and they show consistent results. As there are no moving parts in magnetic flow meters, sensors are not directly immersed in the liquid, eliminating wear and tear concerns. This makes these systems reliable and easy to operate with limited maintenance. The expected service life of magnetic flow meters is approximately 30 years, which is beneficial to the user as a one-time investment, although electrodes may need to be periodically cleaned.

Most human activities that use water produce wastewater. As the overall demand for water grows, the quantity of wastewater produced and its overall pollution load are continuously increasing worldwide. For wastewater treatment, a magnetic flow meter combined with a level transmitter is used for open channel sludge and effluent systems in end-use industries in most parts of the world. Hence, the increasing demand for magnetic flow meters in wastewater treatment is the latest trend in the market.

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Over the past few years, various advancements have been introduced in magnetic flow meters, such as the introduction of wireless connectivity and compatibility with smart devices. The electromagnetic induction technology is a good fit for liquid flow measurement despite some limitations related to non-conductive fluids. Once the magnetic flow meter is calibrated with water, it can be used to measure other types of conductive fluid with no additional correction. In order to make flow rate measurement easier and more reliable, some manufacturers have already introduced new advanced technologies in the flow meters for the benefit of customers.

Various factors can influence and affect the results of a magnetic flow meter. These include the type of fluid being measured, if the measured fluid corrosive or not, or is waste water or clean water being measured, etc. Other factors hampering the performance of magnetic flow meters is that, if the flow meters are placed very close to pumps, valve elbows, and other obstructions, and unstable or irregular flows can impact performance.

Magnetic Flow Meter Market: Prominent Regions

The U.S. holds leading share of the North America magnetic flow meter market. The market in the country is expected to expand at a moderate rate during the forecast period. The U.S. has extensive availability of technologically advanced products. The requirement of magnetic flow meter systems in the U.S. market is increasing rapidly due to various requirements in different industries. India is likely to be a moderately growing economy in the Asia Pacific region over the next few years. India is focusing considerably on water and wastewater treatment throughout the country, wherein magnetic flow meters are used. EU5, which comprises the U.K., Germany, France, Italy, and Spain holds maximum share of the Europe magnetic flow meter market, owing to usage of magnetic flow meter systems for chemical, food & beverages, pharmaceutical, and oil & gas industries in these countries.

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Magnetic Flow Meter Market: Key Players

Key players operating in the global magnetic flow meter market include Badger Meter, Inc., Emerson Electric Co., Endress+Hauser AG, General Electric Co., Honeywell International Inc., KROHNE Messtechnik GmbH, McCrometer, Inc., Omega Engineering Inc., Siemens AG, Toshiba Corporation, and Yokogawa Electric Corporation.

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Electronically Commutated Motors Market Trends and Dynamics, Drivers, Competitive landscape and Future Opportunities

Transparency Market Research delivers key insights on the global electronically commutated motors (<5HP) market. In terms of revenue, the global electronically commutated motors (<5HP) market is estimated to expand at a CAGR of 5.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global electronically commutated motors (<5HP) market.

The global electronically commutated motors (<5HP) market is broadly affected by several factors that include these motors having gained immense popularity across the globe due to their high efficiency, performance, controllability, and reliability, which are factors expected to boost the global electronically commutated motors (<5HP) market during the forecast period.

Electronically Commutated Motors (<5HP) Market: Key Segments

The global market for electronically commutated motors (<5HP) has been segmented by motor type, product type, power, industry, and region. Based on motor type, the market has been divided into brushless DC motors, permanent magnet AC (PMAC) motors, and servo motors, wherein, brushless DC motors are projected to be highly sold motors across the globe from 2018 to 2030. It has been observed that demand for servo motors is expected to grow at a good pace in the upcoming years at the global level. In terms of product type, the electronically commutated motors (<5HP) market has been divided into constant airflow, constant torque, and constant speed. The constant airflow segment accounted for a leading share of the global electronically commutated motors (<5HP) market in 2019. The segment is projected to expand at a significant rate in the near future, as constant airflow electronically commutated motors (<5HP) can reduce air noise, provide soft start/stop, and change airflow as and when required.

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In terms of power, the global market for electronically commutated motors (<5HP) has been divided into below 1 HP, 1 HP – 2 HP, 2 HP – 3 HP, 3 HP – 4 HP, and 4 HP – 5 HP. Below 1 HP and 1 HP to 2 HP power together hold the major share and this type is expected to grow during the forecast period. This power range is expected to expand at a collective CAGR of 5% in North America. Consumer electronics holds major share in the global electronically commutated motors (<5HP) market. The increased use of ECM motors in the growth of this industry will lead to growth of up to 2 HP power segment in the forecast years. Based on industry, the global electronically commutated motors (<5HP) market has been divided into consumer electronics, HVAC – residential, HVAC- commercial, automotive, packaging, material handling, industrial machine (robots, others), and others (printing machine, etc.).

The HVAC segment for residential and commercial together held major share of the global electronically commutated motors (<5HP) market, followed by the consumer electronics segment. The heating & ventilation segment is anticipated to witness substantial growth during the forecast period. Manufacturers of electronically commutated motors (<5HP) are expanding their business to new geographies. End markets and applications of electronically commutated motors (<5HP) are diverse. The global electronically commutated motors (<5HP) market is strongly dependent on consumer electronics, heating & ventilation, industrial engineering, and others. The global electronically commutated motors (<5HP) market is estimated to expand at a rapid pace during the forecast period.

Electronically Commutated Motors (<5HP) Market: Prominent Regions

The global market for electronically commutated motors (<5HP) has been divided into North America (U.S., Canada, and Rest of North America), Europe (U.K., France, Germany, and Rest of Europe), Asia Pacific (China, Japan, India, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of the Middle East & Africa), and South America (Brazil and Rest of South America). Asia Pacific is likely to be the most attractive market for electronically commutated motors (<5HP) during the forecast period due to rapid industrialization and infrastructural development. Manufacturers are entering the Asia Pacific region in order to gain significant market share.

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North America and Europe are expected to be other major markets for electronically commutated motors (<5HP). Technological advancements and changing lifestyle of people living in urban areas, which is leading to a rise in demand for consumer electronics, are anticipated to drive the electronically commutated motors (<5HP) market in these regions. The growth of the HVAC sector and requirement of constant airflow will be key factors fueling the expansion of the electronically commutated motors (<5HP) market in North America and Europe.

The electronically commutated motors (<5HP) market in South America and Middle East & Africa is expected to witness slow growth during the forecast period.

Electronically Commutated Motors (<5HP) Market: Key Players

Key players operating in the global electronically commutated motors (<5HP) market are ABB Group, Siemens, Weg, Parker Hannifin Corp., Nidec Motor Corporation, ASTRO Motorengesellschaft mbH & Co.KG, Allied Motion Technologies Inc., Maxon motor AG, Buhler Motor GmbH, and Kollmorgen Corp.

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Industrial Automation Market Opportunities by Types, Demand, Top Manufacturers and Application in Grooming Regions

The global industrial automation market exhibits a highly cutthroat competition mainly due to the presence of innumerable players, observes Transparency Market Research based on a newly published report. The fragmented nature of this market’s vendor landscape depicts most players integrating their products with advanced technologies. With an increasing demand for industrial-grade products occurring in almost every sector, a high requirement for automation that can help mass produce commodities is being felt all over the globe. This has caused a spike in the number of players entering the industrial automation market, which is certainly expected to increase the competitive intensity during the upcoming years.

Developing products that deliver functional transformation and commercial excellence is expected to be a key strategy adopted by most players working in the global industrial automation market to stay ahead in the competition. Key players working in this market are: Toshiba Machine Corporation Ltd., Rockwell Automation, Inc., FANUC Corporation, Yaskawa Electric Corporation, Yokogawa Electric Corporation, Emerson Electric Company, BB Ltd., Honeywell International Inc Mitsubishi Electric Corporation, Voith GmbH, and General Electric Company, among several others.

According to experts from Transparency Market Research, the global industrial automation market had gained revenue worth US$227.29 bn in 2018, which is further expected to grow up to US$438.08 bn by the end of 2027. This growth is projected to occur at a handsome CAGR of 7.56% during the forecast period from 2019 to 2027.

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Demand for Fast Production Capacity Creates Need for Rampant Industrial Automation

A rapidly increasing demand for fast production capacities is primarily driving the global industrial automation market. Such a high demand mainly exists in terms of automotive assemblies, telecom networks, aircrafts, heat treating boilers and ovens, chemical plant machinery, steering and ship stabilization, and other machinery systems. Moreover, several companies are pouring large sums of money to facilitate research and developmental processes regarding industrial automation. This too has been responsible for propelling growth in the global industrial automation market.

Various industrial segments are adopting automation systems to reduce labor burden, consequently making the market grow at a respectable pace. Automation also brings into picture the implementation of various innovative solutions, compared to manual processes. All these factors are certainly expected to fuel the global industrial automation market, and make it thrive spectacularly and better than current times during the forthcoming years.

Lack of Awareness Regarding Automation Benefits Stunts Growth

However, steep costs required to set up systems for machinery production, as well as expensive research and development activities undertaken for the same is greatly hampering the global industrial automation market’s growth. High installation and maintenance expenses are discouraging small-scale plants and industries to avoid automation completely. Moreover, lack of awareness regarding benefits of automation in several regions too is posing as an obstacle to the market in several developing and emerging economies. Nevertheless, several end user segments such as pharmaceuticals, water management, chemicals, electronics, and food and beverages, are witnessing a rampant need for automation. This is certainly expected to soon reduce the effects of restraints affecting the global industrial automation market.

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The information shared in this review is based on a TMR report, bearing the title, “Industrial Automation Market (Automation Type – Distributed Control System (DCS), Programmable Logic Control Systems (PLC), Machine Vision Systems, Manufacturing Execution Systems (MES), Human Machine Interface (HMI), Supervisory Control and Data Acquisition (SCADA), Product Lifecycle Management (PLM), Plant Asset Management, Computer Numerical Control (CNC) Routers, and Electronic Control Units (ECU); Industry – Automotive and Transportation, Metals and Mining, Energy and Power System, Chemical, Material, and Food, Measurement and Instrumentation, Environment and Building Technologies, Heavy Industries, Oil and Gas, Pulp and Paper, and Hydro Power) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027”.

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Linear Actuators Market Report: Top Companies, Trends and Future Prospects Details for Business Development

The global linear actuators market is highly fragmented, with the top five players accounting for a less than 20-25% of the market’s overall valuation in 2018, observes a recent report by Transparency Market Research. Investment aimed at the development of technologically advanced product varieties, product innovations to meet the constantly changing demands of different industries, and adherence to high quality standards are some of the key growth strategies adopted by market players in the market. Some of the leading players in the market are Emerson Electric, Co., Rockwell Automation, Inc., Honeywell International, Inc., Parker Hannifin Corporation, and Tsubakimoto Chain, Co.

The global market holds an immense promise of growth in the near future. Transparency Market Research estimates that the market will exhibit a promising CAGR over the period between 2019 and 2027. Of the key product varieties, the segment of electric actuators, which currently accounts for over 25% of the market’s overall revenue, is expected to remain the most promising over the forecast period. Geographically, the U.S. will continue to hold a prominent share in revenue, but the rate of growth of the Mexico market will surpass that of both the U.S. and Canada.

Rise in Industrial Automation to Reinforce Demand for Linear Actuators in North America

• The Global market is chiefly driven by the favorable rise in industrial automation across all industries such as automotive, oil and gas, fluid, and defense in the region. Industrial automation is largely supported by various types of linear actuators, owing to which, the potential future rise in industrial automation is expected to positively impact the growth of the linear actuators market in North America.

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• Additionally, the significant rise in demand for efficient water and wastewater management is also predicted to drive the application of a variety of linearly actuated valves at an exponential rate in the region. With the rising stringency of environment sustenance norms, the focus on water conservation and wastewater management is expected to further strengthen in the region in the next few years. This is expected to emerge as a high-impact factor for the future growth prospects of the Global market.
• Furthermore, the growth region’s aerospace and defense industry, where linear actuators have varied applications, is also expected to aid the demand for a variety of linear actuators in North America in the near future. The impact of this factor on market’s development is presently medium but is expected to be high during the forecast period.
• Further, many market players are launching tool that can help in the purchasing of the linear actuator. For instance, in 2019, Firgelli Automations, a linear actuator system manufacturer announced a calculator for the measurement of force prior to making the buying decision on linear actuator. It will help customer in choosing and purchasing precise linear actuator depending upon the applications.

Decline in Manufacturing and Mining Sectors to Keep Demand in Check

The market is, however, expected to bear the brunt of the recent slowdown in the manufacturing sector in the near future. The manufacturing sector is one of the key consumers of a variety of linear actuators. The slowdown in its operations is indeed a big restraint and could have a sizeable negative impact on the growth of the linear actuators market in North America. The impact of this restraint is presently medium and is expected to further lessen during the forecast period.

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The mining industry in North America is also facing a rough patch owing to decline in demand, lack of financing, and strict regulations regarding a number of environmentally taxing operations. The mining industry being another key consumer of linear actuators, it’s declining growth prospects are expected to have a notable negative effect on the linear actuator market in the region.

This review of the market is based on a recent market research report published by Transparency Market Research, titled “Linear Actuators Market – North America Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2027.”

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Corrugated Boxes Market Growth Drivers, Platforms Type and Geographical Overview 2022

The global corrugated boxes market displays a highly consolidated market landscape, reports Transparency Market Research. It is characterized by the presence of numerous players holding dominance over the market. Prominent players in the market include Pratt Industries, International Paper Co., WestRock Co., and DS Smith Plc. These companies are focusing on foraying the regional markets by strategically acquiring the regional companies. Moreover, they are expanding their reach in the market by setting up new manufacturing units.

According to TMR analysts, the global corrugated boxes is expected to display steady growth rising at a 3.6 %. CAGR during the forecast period which is 2017 to 2022. The market is anticipated to attain the valuation of US$ 115.15 bn by the end of the forecast period.

On the basis of material, the global corrugated boxes market is segmented into recycled fiber and virgin fiber. Among these, the recycled fiber segment leads the market in terms of demand owing to focus on sustainable environment. Favorable regulatory policies are also attributable to the growth of this segment

Based of geography, the global corrugated boxes market is segmented into Asia Pacific, Europe, North America, and Rest of the World. Of them, Asia Pacific shows leading growth in the market during the forecast period. This is mainly due rapid urbanization and an increase in the population.

Packaging plays a significant role in numerous industrial sectors, food and beverages, healthcare and electronics to name a few. This is one of the key factors driving the growth of the global corrugated boxes market. Another factor boosting the market’s growth is the booming e-commerce sector. Corrugated boxes are extensively used to package the goods purchased online.

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Corrugated boxes are highly recyclable and available at low costs. Moreover, governments are promoting the use of these boxes owing to their recyclability. Also, manufacturers are emphasizing on the development of new paper packaging solutions. These factors have impacted the global corrugated boxes market favorably, thus propelling growth.

In addition to the aforementioned drivers, easy availability of resources to manufacture corrugated boxes has helped the market gain momentum. Further, expansion in the food delivery industry and the development of new products has enhanced the growth prospects of the global corrugated boxes market.

On the downside, there are a few restraints that may restrict the growth of the corrugated boxes market. Cumbersome manufacturing process and the high maintenance cost of the machinery required for manufacturing may restrain the market’s growth. Nonetheless, versatility offered by the corrugated boxes allowing the stacking of multiple products along with the ease of use may reduce the effects of the restraints.

Introduction of New Corrugated Materials to Create Growth Avenues

Recently, host of new functional corrugated materials have been introduced, presenting new growth opportunities for the global corrugated boxes market. For instance, chitosan, a corrugated material offering excellent microbial properties is highly beneficial for the food packaging industry. It is derived from chitin, a component in insect shells. Another newly introduced corrugated material is whey protein isolate (WPI). It offers splendid tensile properties and burts strength. 

Moreover, it reduces the water-vapor permeability of the paper and enhances the ink-printability. These materials are highly beneficial in the packaging of fresh produce as they play a key role in reducing the water evaporation from the food products.

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The study presented here is based on a report by Transparency Market Research (TMR) titled “Corrugated Boxes Market (Material Source – Virgin Fiber and Recycled Fiber; End User – Food, Beverages, Tobacco, Healthcare, Personal Care & Cosmetics, Homecare & Toiletries, Electronic & Consumer Durables, E-Commerce, and Chemical & Fertilizers; Packaging Form – Primary Packaging and Secondary Packaging; Board Type – Single Wall, Double Wall, and Triple Wall) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022.”

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