Increasing awareness about predictive maintenance techniques and tools is fostering the growth of the global conveyor monitoring market says Fortune Business Insights in a report titled, “Conveyor Monitoring Market Size, Share and Global Trend by End-use Industry (Food & Beverage, Automotive, Mining, Construction, Others), And Geography Forecast Till 2027.”The increasing requirement of mitigating damages during industrial processes is further spurring the growth of the global conveyor monitoring market.
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Key Market Driver –
- Introduction of new coalfields and mining sites.
- Incorporation of small-medium enterprises and various end use industries.
Key Market Restraint –
- Lack of availability of technical skilled person at the time of machine break down.
Launch of Aura IQ Conveyor Monitoring System Will Favor Market Growth
Mining and Ava Grop, a fiber optic sensing technologies company based in Melbourne announced the development of a predictive asset monitoring solution for conveyors. For the innovation of Aura IQ, Ava’s Future Fibre Technologies (FFT) and advanced fiber-optic sensing platform were combined with Mining’s signal processing algorithms. The demand for a new conveyor monitoring system is likely to increase among mining industries, owing to the advanced solution in wear detection of conveyor rollers along with the ability to pre-empt failure it provides.
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1. By End-use Industry
- Food & Beverage
2. By Geography
- North America (the USA and Canada and Rest of North America)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
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Acceptance Of Automated Technologies Will Drive The Asia Pacific Market
Geographically, the global conveyor monitoring market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East & Africa. The Asia Pacific market is predicted to grow significantly during the forecast period owing to the adoption of automated technologies in various industries such as power generation and mining. Furthermore, favorable government policies and the presence of leading oil and mining companies in Australia along with robust foreign direct investments are supporting the growth of the conveyor monitoring market in the region.
In addition, the rising adoption of real-time conveyor monitoring systems for operational efficiency and production combined with the presence of top mining countries in china are fostering the growth of the global conveyor monitoring market. North America is predicted to dominate the global conveyor monitoring market during the forecast period owing to the increasing demand for innovative products in the industries along with rising employment rate. These factors are promoting growth in the region.
Top Players Overview:
- PHOENIX CBS GmbH
- ContiTech AG
- Beltscan Systems Pty Ltd
- Fenner Dunlop
- Cablevey Conveyors
- Emerson Electric Co.
- Cassel Messtechnik GmbH
- Sesotec GmbH
- 4B Braime
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Major Table of Content For Conveyor Monitoring Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Conveyor Monitoring Market Analysis, Insights and Forecast, 2027
- North America Conveyor Monitoring Market Analysis, Insights and Forecast, 2027
- Europe Conveyor Monitoring Market Analysis, Insights and Forecast, 2027
- Asia Pacific Conveyor Monitoring Market Analysis, Insights and Forecast, 2027
- Middle East and Africa Conveyor Monitoring Market Analysis, Insights and Forecast, 2027
- Latin America Conveyor Monitoring Market Analysis, Insights and Forecast, 2027
- Competitive Landscape
- Company Profile
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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