QYResearch: The global market for absolute rotary encoders is expected to reach about 1515.36 M USD by 2021
http://www.qyresearchglobal.com/goods-1399482.html According to QYResearch, The global absolute rotary encoders market is expected to reach $1515.36 million by 2021 from $1211.18 million in 2016, growing at a CAGR of 4.58% from 2016 to 2021.
http://www.qyresearchglobal.com/goods-1399482.html According to QYResearch, The global absolute rotary encoders market is expected to reach $1515.36 million by 2021 from $1211.18 million in 2016, growing at a CAGR of 4.58% from 2016 to 2021.
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A <strong>rotary</strong> encoder, also called a shaft encoder, <strong>is</strong> an electro-mechanical<br />
device that converts the angular position or motion of a shaft or axle <strong>to</strong> an<br />
analog or digital code. <strong>The</strong>re are two main types: <strong>absolute</strong> and incremental<br />
(relative).<br />
Absolute <strong>rotary</strong> <strong>encoders</strong> provide a d<strong>is</strong>tinctly coded numerical value <strong>for</strong> each<br />
shaft position. In positioning tasks in particular, the <strong>absolute</strong> <strong>encoders</strong><br />
relieve the controller of computation tasks and keep costs down <strong>by</strong><br />
eliminating the need <strong>for</strong> additional input components.<br />
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<strong>QYResearch</strong><br />
Absolute <strong>rotary</strong> <strong>encoders</strong> industry <strong>is</strong> relatively concentrated, manufacturers are<br />
mostly in the Japan, Europe and North America. Among them, Europe output value<br />
accounted <strong>for</strong> more than 45.71% of the <strong>to</strong>tal output value of <strong>global</strong> <strong>absolute</strong> <strong>rotary</strong><br />
<strong>encoders</strong> in 2016. Heidenhain <strong>is</strong> the world leading manufacturer in <strong>global</strong> <strong>absolute</strong><br />
<strong>rotary</strong> <strong>encoders</strong> <strong>market</strong> with the <strong>market</strong> share of 17.85%, in terms of revenue.<br />
Compared <strong>to</strong> 2015, <strong>absolute</strong> <strong>rotary</strong> <strong>encoders</strong> <strong>market</strong> increased sales <strong>by</strong> 3.39<br />
percent <strong>to</strong> 1211.18 million <strong>USD</strong> worldwide in 2016 from 1171.50 million <strong>USD</strong> in 2015.<br />
It shows that the <strong>absolute</strong> <strong>rotary</strong> <strong>encoders</strong> <strong>market</strong> per<strong>for</strong>mance <strong>is</strong> positive,<br />
despite the weak economic environment.<br />
According <strong>to</strong> <strong>QYResearch</strong>, <strong>The</strong> <strong>global</strong> <strong>absolute</strong> <strong>rotary</strong> <strong>encoders</strong> <strong>market</strong> <strong>is</strong> <strong>expected</strong><br />
<strong>to</strong> <strong>reach</strong> $<strong>1515.36</strong> million <strong>by</strong> <strong>2021</strong> from $1211.18 million in 2016, growing at a CAGR<br />
of 4.58% from 2016 <strong>to</strong> <strong>2021</strong>. And Europe <strong>market</strong> <strong>is</strong> <strong>expected</strong> <strong>to</strong> keep being the<br />
biggest <strong>market</strong> with revenue <strong>market</strong> share of 36.82% in <strong>2021</strong>.<br />
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<strong>QYResearch</strong><br />
With the increasing in production capacity,<br />
<strong>expected</strong> that the <strong>absolute</strong> <strong>rotary</strong> <strong>encoders</strong> raw<br />
material price will be stable in the short term.<br />
However, the improvement of energy,<br />
transportation costs, and labor costs, will play a<br />
significant role in promoting the cost of <strong>absolute</strong><br />
<strong>rotary</strong> <strong>encoders</strong>.<br />
<strong>The</strong>re are companies aims at the cost and quality<br />
leadership which shall improve profitability. As<br />
the same time, companies are focusing on<br />
technological innovation, equipment upgrades, and<br />
process improvements, <strong>to</strong> reduce costs and<br />
improve quality.<br />
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<strong>QYResearch</strong><br />
<strong>The</strong> average price of <strong>absolute</strong> <strong>rotary</strong><br />
<strong>encoders</strong> will fall further. <strong>The</strong> product<br />
average price declined in the past few years<br />
due <strong>to</strong> the technology development, the<br />
average price will keep th<strong>is</strong> trend in the few<br />
future years due <strong>to</strong> increasing mature<br />
manufacturing technology, cost of raw<br />
materials, as well as the substitute threat.<br />
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