From 2013 to 2018, the belt scales market grew consistently at a 2.6% annual pace, helped by increased food demand as well as higher manufacturing and industrial production. The belt scales market was worth over US$ 930 million in 2018 and is projected to grow gradually from 2019 to 2027 at a CAGR of 3.3%. Despite being utilised in a number of end-use sectors, including as food and beverage, cement, steel, energy and power, and logistics, conveyor belt scale systems are in great demand in the mining sector. The mining business heavily relies on material weighing, which is a critical factor in determining profitability.
The offer in this section comes with numerous open doors, including making goods, appropriating them, engaging in sale, and showcasing administrations. Broad rounds of essential and a far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Belt Scales Market both at worldwide and provincial levels.
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Key Segments of Belt Scales Market
- Idler Type
- Single Idler
- Multi Idler
- Weighing Capacity
- Light (Less than 1500 t/h)
- Moderate (1500 – 5000 t/h)
- Heavy (More than 5000 t/h)
- End-Use Industry
- Mining
- Food & Beverages
- Cement
- Steel
- Logistics
- Energy & Power
- Others
Key partners in Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
Belt Scale Market – Competitive Landscape
- To capitalize on the growing demand for conveyor belt scales in the mining industry, Sensortechnik, a leading player operating in the belt scales market launched the new H-Sensortechnik optical scale in 2018. The belt scale system leverages laser technology to calculate the volume of the material on the conveyor systems.
- In order to enhance the speed of production and accuracy of measurement, a group of researchers developed a digital algorithm to filter out noise created by conveyor vibrations and products in motion. The study conducted concluded the digital algorithm could effectively measure the weight of items of different lengths which are transported on the conveyor in a random order.
- In 2018, a conveyor belt scale system was designed specifically to measure the weight and flow rate of electronic components for instances where electromagnetic interferences could impact the readings. The novel belt scale system leverages fiber Bragg grating to accurately measure the weight of electronic components.
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.
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