PUBLISHER: Inkwood Research | PRODUCT CODE: 1071598
PUBLISHER: Inkwood Research | PRODUCT CODE: 1071598
The global continuous manufacturing gravimetric feeder market is estimated to propel with a CAGR of 6.91% during the forecast period, 2022-2030. The market growth is driven by the increasing importance of precision manufacturing and the growth of the manufacturing industry in emerging economies globally.
Precision manufacturing has influenced various sectors worldwide, including automotive, aerospace, medical, etc. As a result, the importance of precision manufacturing is growing owing to the multiple benefits provided by its technology. The gravimetric feeder is employed in precision manufacturing as it allows for significant input material savings through a more precise feeding procedure. The use of a gravimetric feeder aids in improving production processes employed in industries such as the food and pharmaceutical industries. As precision manufacturing becomes more prominent, it is expected to boost the global continuous manufacturing gravimetric feeder market.
Furthermore, manufacturers are continually looking for new ways to improve their processes and boost their competitiveness. Gravimetric feeders are frequently used in continuous manufacturing processes. Using the gravimetric feeder, the manufacturer can enhance system performance and improve efficiency. Also, it provides accurate precision and control, which makes it easier for more precise weighing and accuracy. As a result, emerging economies' rapidly expanding manufacturing industry drives the global continuous manufacturing gravimetric feeder market growth.
The global continuous manufacturing gravimetric feeder market evaluation includes the analysis of Asia-Pacific, North America, Europe, and Rest of World. Asia-Pacific is anticipated to grow with the highest CAGR by 2030, owing to the increasing number of manufacturing units, low labor costs, and a business-friendly environment.
Several global market players regularly launch new products to extend their product portfolio. In addition, the companies with undifferentiated gravimetric feeders with larger product portfolios create strong competition within the market.
Some of the key market players operating in the market include: Acrison Inc, Brabender GmbH & CO KG, Coperion GmbH, FLSmidth & CO A/S, etc.