Global Tension Control System Market is expected to witness a substantial growth in the coming years due to rise in demand for automated tension control systems from various end users. Tension control systems is the machinery used to control mechanical tension of any material. The operator on every machinery focuses on speed and operation. The link speed in tension control system is known as the master function. The control powered in these systems must stay efficient at any rate of speed including steadiness in acceleration and deceleration of the machine speed. Tension control system is widely used for lamination, slitting, printing, coating, extruders, sheeting, etc.
The key driving factors of tension control system market are high demand for automated tension control systems, inclination from flexible packaging to rigid packaging, and presence of small scale packaging and printing industry in the developing economies of Asia Pacific that demand tension control system market. However, high initial cost of tension control systems is hampering the market growth. Moreover, high installation cost of tension control systems in packaging and paper industry is also restraining the market growth. These restraints are prevalent in the Asia Pacific economies, where small packaging industry holds considerable significance. Flexible packaging converting & printing industry is significantly growing at a remarkable rate. Hence, increase in need for highly efficient tension control systems is trending in the market.
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Tension control system market is categorized on the basis of product type, component, application, and geography. On the basis of product type, market is divided into manual and automated. Automated tension control systems are expected to hold a larger share of the market in the forecast period due to increase in demand for automated systems from various industries from both developing and developed economies.
Based on component, tension control system industry is divided into clutch, controller, brake, load cell/force transducer, dancer roller, diameter sensor, and others. Load cell/force transducer segment due to increasing adoption of automation in paper processing, printing and packaging, aluminium industries of Asia Pacific. Moreover, high demand from packaging machinery manufacturing of developing economies like China and India is also driving the segment growth.
In terms of application, market is divided into flexible printing and packaging, paper and corrugated, metal and foil, and others. Flexible printing and packaging segment is anticipated to grow significantly in the forecast period owing to the increased applications in several end use industries like pharmaceutical, food and beverages, printing and packaging, paper industry, etc.
Geographically, market is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is predicted to dominate the market in the coming years due to increase in demand from the packaging machinery manufacturing, imports, and demand from pharmaceutical industry. Additionally, food sector is also expected to contribute significantly due to high demand for processed food. Further, North America and Europe are also expected to lead the market.
The leading players in tension control system market comprise Erhardt+Leimer, FMS, Maxcess, Dover Flexo Electronics, Montalvo, Double E, Nexen, Nireco, Owecon, RE Controlli Industriali, Comptrol and Cleveland Motion Controls.
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Market Segment:
Leading players of Tension Control System including:
• Montalvo
• Maxcess
• Erhardt+Leimer
• Dover Flexo Electronics
• Double E
• Nexen
• FMS
• Cleveland Motion Controls
• RE Controlli Industrali
• Comptrol
• Owecon
• Nireco
Market split by Type, can be divided into:
• Automated
• Manual
Market split by Application, can be divided into:
• Paper & Corrugated
• Flexible Printing & Packaging
• Metal & Foil
• Others
Market split by Sales Channel, can be divided into:
• Direct Channel
• Distribution Channel
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/machinery-and-machine-parts
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