According to Stratistics MRC, the Global Tension Control Market is accounted for $1,023.31 million in 2020 and is expected to reach $1,719.19 million by 2028 growing at a CAGR of 6.7% during the forecast period. Factors such as the increasing demand from the pharmaceutical industry and growing packaging machinery manufacturing in various developing economies are driving the market growth. However, high capital requirement is hampering the growth of the market.
Request for a Free Sample Copy of Report at www.strategymrc.com/report/tension-control-market/request-sample
Based on the component, the load cell/force transducer segment is going to have a lucrative growth during the forecast period owing to the growing adoption of automated tension control in the paper processing and aluminum industry. By geography, Asia Pacific is expected to grow at a faster rate during the forecast period due to the transition towards flexible packaging in the food & beverage industry.
Some of the key players profiled in the Tension Control Market include FMS, Comptrol, Erhardt+Leimer, Montalvo, Dover Flexo Electronics, Owecon, Cleveland Motion Controls, RE Controlli Industriali, Nexen, Double E, Nireco, and Maxcess.
• Load Cell/Force Transducer
• Diameter Sensor
• Dancer Roller
• Metal & Foil
• Flexible Printing & Packaging
• Paper & Cardboard
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
If Any Query? Ask Our Industry Expert at www.strategymrc.com/report/tension-control-market/request-customization
Explore the list of attractive markets during this time of Pandemic @ www.strategymrc.com/covid-19-impact-reports
StrategyMRC research reports and publications are routed to help clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects. We track 30+ industries and cover 800 market segments.
Stratistics Market Research Consulting