Weighing and Inspection Market Rising Sales of High-End Equipment with Top Competitors Wipotec-OCS GMBH, Aja Ltd, Xactpack, Marel and Global Forecast to 2024

“Global Weighing and Inspection Market”
Weighing and Inspection Systems with high accuracy and precision are used for the weighing and inspection of the various products. The accuracy and precision helps in detecting impurity in the product thus enhancing the quality of the final product delivered.

Global Weighing and Inspection Market is expected to reach USD 3,089.85 million by 2024, from USD 1,940.60 million in 2016 growing at a CAGR of 6.1% in the forecast period 2017 to 2024.

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global weighing and inspection market is segmented based on industry into segments; food and beverages, pharmaceuticals, consumer products, automotive industry, hazardous products, chemicals, plastics and materials, and others. In 2017, food and beverages segment is expected to dominate the North America weighing and inspection market with 28.7% market share and is expected to reach USD 399.76 million by 2024, with the highest CAGR of 6.7% in the forecast period 2017 to 2024.

Major Players: Global Weighing and Inspection Market

  • Precia SA,
  • Loma Systems (ITW),
  • Wipotec-OCS GMBH,
  • Aja Ltd,
  • Xactpack,
  • Marel,
  • Thermo Fisher Scientific Inc.,
  • Liebel,
  • Bizerba,
  • VBS, Inc.,
  • Minebea Intec,
  • Mettler Toledo,
  • Anritsu,
  • Sesotec Gmbh,
  • JBT,
  • Heat And Control Inc.,
  • Rehoo Industrial Limited,
  • Murata Machinery Ltd
  • Ishida Co. ltd.,
  • yangzhou aerosol machinery equipment Co. Ltd.
  • among others.

Market Segmentation: Global Weighing and Inspection Market

The global weighing and inspection market is segmented on the basis of product type and industry. Global weighing and inspection market is segmented based on product type into three notable segments; metal detectors, check weighers, and X-ray detection systems. In 2017, metal detectors is expected to dominate the global weighing and inspection with 60.5% market share and is expected to reach USD  1,896.93 million by 2024, with the highest CAGR of 6.3% in the forecast period 2017 to 2024.

The global weighing and inspection market is segmented based on industry into segments; food and beverages, pharmaceuticals, consumer products, automotive industry, hazardous products, chemicals, plastics and materials, and others. In 2017, food and beverages is expected to dominate the global weighing and inspection with 30.8% market share and is expected to reach USD 999.71 million by 2024, with the highest CAGR of 6.9% in the forecast period 2017 to 2024.

Key Drivers:

Global weighing and inspection market is growing with the increased sales of high-end equipment due to the benefits of the equipment, rising usage of weighing and inspection machines for quality check, growing demand for inspection in pharmaceuticals, rising demand of inspection devices in food industry is boosting the growth of the global weighing and inspection market.

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INCREASED SALES OF HIGH-END EQUIPMENT DUE THE BENEFITS SUCH AS ACCURACY AND PRECISION PROVIDED BY THE EQUIPMENT

These weighing and inspection systems with high accuracy and precision are used for the weighing and inspection of the various products. The accuracy and precision helps in detecting impurity in the product thus enhancing the quality of the final product delivered. The benefits of this high end equipment and the high demand of quality products from the consumer are raising the demand of weighing and inspection market.

The high-end equipment is most appropriate for large facilities where there is need to prioritize the findings or for industries where calibration and repeatability is an issue. The accuracy of such a system depends on the vessel design (inventory silo, reactor, batch tank, etc.), piping attachments, support structure, lateral restraint system, vessel environment (traffic, temperature, nearby equipment), and proper selection of transducer accessories. The weigh system accuracy is unavoidably related to the degree of attention given to the mechanical details and vessel functionality. The high accuracy of the process weighing systems displays system errors less than 0.05% to 0.25%. The precision load cells or weigh modules with full temperature compensation must be used.

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