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Global industrial weighing equipment market: $2.3 billion industry by 2018

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PR-Inside.com: 2014-03-14 12:44:02
The Global Industrial Weighing Equipment market is projected to reach US$2.3 billion by 2018, driven by technology innovations that enhance reliability and accuracy in measurement readings.

Weighing equipment plays an important role in industries ranging from Chemicals, Food & Beverage, Manufacturing, Mining, to Transportation. The market is driven by strong demand for weighing solutions that offer ease of use, enhanced reliability, accuracy and speed. Other factors encouraging growth include replacement of old and obsolete equipment, growing trend towards the deployment of automated process equipment and increasing investments in manufacturing and infrastructure.

Technology developments, especially advancements in digital technology, are expected to benefit the industrial weighing equipment market in the coming years. Introduction of digital calibrated weighing machines and advanced weighing machines with features such as automatic loading batteries, is expected to help spur adoption and widen the end-user base in the market. Unrivalled accuracy and precision offered by modern weighing machines are also helping drive replacements of traditional manual equipment. The large installed base of manual weighing equipment therefore bodes well for the market´s growth.

Europe represents the largest regional market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a projected CAGR of 6.2% over the analysis period. Growth in the region is led by China, India and Taiwan. Global Industry Analysts ©

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