Rockville, MD -- (SBWIRE) -- 07/05/2019 -- According to the study, belt scale systems market growth will be upheld by advancements in the Industrial Internet of Things (IIoT) which is enabling end-users to efficiently manage and maintain conveyor belt scale systems. Integration of advanced sensors in conveyor systems is allowing end-user industries to remotely monitor the functioning of different parts of conveyor belt scales systems. In addition, IIoT technologies are aiding companies across different industries in collecting valuable data which can be leveraged to predict maintenance requirement and evaluate production flows and rates.
Burgeoning Demand for Conveyor Belt Scale Systems in Mining Industry to Uphold Growth
While belt scale systems find applications in an array of end-use industries such as food & beverages, cement, steel, energy & power, and logistics, demand for conveyor belt scale systems is surging in the mining industry. Mining industry relies heavily on weighing of material which is a key aspect for evaluating profitability. The conventional weighing systems lack the accuracy to precisely weigh bulk material and single scale used conventionally substantially reduces throughput and production. Conveyor belt scale systems using perceptive electronic components for measuring weights are providing mining companies with an efficient alternative to the conventional weighing systems. Additionally, the system does not require constant loading and unloading of materials for weighing which enables companies to save both time and costs.
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Table of Content
Chapter 1 Global Belt Scales Market - Executive Summary
1.1 Belt Scales Market- Opportunity Assessment
1.2 Global Belt Scales Market Trends
1.1 Fortune Wheel – Opportunity Analysis
Chapter 2 Global Belt Scales Market Overview
2.1 Introduction
2.1.1 Global Belt Scales Market Taxonomy
2.1.2 Global Belt Scales Market Definition
2.2 Key Market Trends
2.3 Key Success Factors
Chapter 3 Global Belt Scales Market Background
3.1 Global Conveyor Belts Market Outlook
3.2 Key Indicator Assessment
3.2.1 Technological innovations in Belt Scales
3.2.2 Electro-mechanical device adoption rate by region
3.2.3 Role of Electro-mechanical device in automation
3.2.4 Top five reasons for automation
3.2.5 Enterprises investment for process automation
3.3 Infrastructure Investment Macro-Economic Factors
3.3.1 Global GDP Growth Outlook
3.3.2 Global Industrial Automation Sector Outlook
3.3.2.1 Potential of Automation in Industrial and Service Sector
3.3.2.2 Estimated Incremental Opportunity for Industrial Automation between 2018 - 2025
3.3.2.3 Opportunity by End Markets for Industrial Automation, 2018-2025
3.3.2.4 Factors affecting the Pace and Extent of Automation
3.3.2.5 Technological Advancements and Key Trends in Industrial Automation Activities
3.4 Global Belt Scales Market Dynamics
3.4.1 Drivers
3.4.2 Restrains
3.4.3 Opportunities
3.5 Supply Chain
3.6 Cost Structure
3.7 Pricing Analysis
3.7.1 Price Point Assessment by Region
3.7.2 Price Point Assessment by Weighing Capacity Type
3.8 Key Participants Market Presence (Intensity Map) By Region
To be Continue..................
Belt Scales Manufacturers Eyeing Opportunities in F&B Industry
Burgeoning demand for food products is estimated to prevail in the foreseeable future with the global population on the rise. In order to capitalize on the increasing demand for food products globally, F&B companies are increasingly focusing on reducing their products' time to market by leveraging conveyor belt scale systems for bulk handling, weighing, and packaging. In addition, the development of industry-specific conveyor systems is complementing the adoption of belt scale systems in the F&B industry. For instance, Chlorino, a company specializing in the production of conveyor belts, announced the launch of food-grade metal detectable belts which are bacteria resistant and can detect metal pieces three-times smaller than other metal-detectable belts. High costs of belt scale systems, coupled with significant initial investments incurred for installation of the equipment in the facility is expected to dampen belt scales market growth during the forecast period. Although belt scales manufacturers are working towards streamlining manufacturing processes to reduce costs, the development and its eventual reflection on the belt scale pricing is likely to take substantial time.
Leading players operating in the belt scale market include Covey Weigh LLC, Thayer Scales Inc., Tecnetics Industries, Inc., Saimo Technology Pty Ltd, and Yamato Weighing & Information Technology.
Other players operating in the belt scales market include Siemens AG, Rice Lake Weighing System, FLSmidth & Co A/S, Merrick Industries, and Schenck Process.
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