Industrial Weighing Equipment: A Global Strategic Business Report - a new market research report on companiesandmarkets.com
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 Â©
Click for report details: www.companiesandmarkets.com/Market/Industrial/Market-Research/In ..
Browse all Industrial Market Research Reports www.companiesandmarkets.com/Market/Industrial/Market-Research?aC ..
Browse all Industrial Company Profile Reports www.companiesandmarkets.com/Market/Industrial/Company-Profile?aC ..
Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.comâs online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.