Absolute Encoders Market 2020| COVID 19 Impact Estimation and Extensive Demand Analysis

Absolute Encoders Market: Introduction

An encoder is an electro mechanical device, which converts motion to electrical signals that are readable by control devices such as counter or Programmable Logic Controller (PLC). With the help of an encoder, position, count, speed, or direction can be obtained. An absolute encoder provides a unique code for each shaft position. Thus, for an absolute encoder, every position is distinctive. There are various players in the global market providing absolute encoders that are robust in nature and capable of operating under critical conditions.

Absolute encoders consist of an encoder disc, which has marks or slots on a power-transmission shaft and a stationary pickup. For each shaft position, a unique code is recorded by the absolute encoder. One of the most striking features of absolute encoder is its capability to keep track of the rotary-position change even when the system's power is turned off and provide with the accurate position when the power is switched on. Hence, absolute encoders are preferred in systems that require failsafe operations. Absolute encoders offers various advantages, including non-volatility of memory, programming flexibility, enhanced safety, and low susceptibility to electrical noise.

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Global Absolute Encoders Market: Competition Landscape

Key players operating in the global absolute encoders market are focusing on the development of advanced materials for manufacturing valves. Furthermore, they are investing significantly in R&D activities for the development of advanced encoders.
In November 2019, Renishaw plc, engineering and scientific technology companies, a prominent launched a novel absolute encoder, the QUANTiC(TM). The features of this product includes wide installation and operating tolerances, in addition to enhanced diagnostics compatibility. This product is expected to increase the throughput of high-volume production lines and offer potentially significant time and cost savings for OEM customers. This move is expected to help the company improve its position in the global absolute encoders market.
Dynapar

Dynapar is headquartered in Gurnee, Illinois, the U.S. The company manufactures and distributes industrial, commercial, and heavy-duty encoders, resolvers, and accessories for motion feedback control. The company supplies its products to consumers in various end-use industries, which include defense, elevator, medical imaging, oil & gas, and pulp & paper, among others, throughout the U.S. The company has been providing innovative, customized system solutions for virtually any heavy-, industrial, servo- or light-duty application for over 50 years.

SICK AG

SICK AG was founded in 1946 and is headquartered in Waldkirch, Germany. The company manufactures sensors, safety systems, machine vision, encoders, and automatic identification products for industrial applications. It has a diverse product portfolio for various end-use industries, including logistics, automotive, packaging, electronics, food & beverages, and material handling markets. The company provides compact, flexible, and reliable absolute encoders in the market.

Rockwell Automation, Inc.

Rockwell Automation, Inc. was established in 1903 and is offers industrial automation and information technology. It has a presence in more than 80 countries across the globe. The product portfolio of the company includes control systems, industrial control components, information software, motor control devices, sensing devices, safety technology, and industrial security, among others. The company provides absolute encoders for position control and high-resolution incremental feedback for speed control for various end-use industries.

Schneider Electric

Schneider Electric is headquartered in Rueil-Malmaison, France, and is engaged in digital transformation of energy management and automation. The company has presence in more than 100 countries and is a prominent player in power management and automation systems. The company provides a range of innovative rotary encoders opened to field BUS communication.

Some of the significant players in the global absolute encoders market are Renishaw plc., Italsensor srl., US Digital, Encoder Products Company, National Instruments, BEI Sensors, Celera motion, CUI Inc, CLR, Sensata technologies, Pepperl+Fuchs, Deem Controls, Inc., Omron corporation, Broadcom Limited, ALPS, Bourns, Inc., and Panasonic Corporation, among others.

Global Absolute Encoders Market: Dynamics

Increase in Adoption of Absolute Encoders for Use in Industrial Applications

The expansion of the global absolute encoders market can be attributed to the increase in adoption of absolute encoders for use in industrial applications for more complex or longer positioning tasks. Incremental encoders have long been used to track motion in systems. However, they suffered the limitation of starting from the reference point each time they were switched on. This limitation was overcome by the use of absolute encoders and hence, they are increasingly being adopted in industrial applications. As a result, the global absolute encoders market is projected to grow at a significant rate in the near future.

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High Cost of Absolute Encoders to Hamper Market

Key players operating in the market are upgrading their existing product portfolio and introducing advanced products in the market, owing to rise in demand for absolute encoders. However, absolute encoders are characterized by complexity and high installation cost associated with them. This factor is likely to hinder the global absolute encoders market.

Global Absolute Encoders Market: Segmentation

The global absolute encoders market can be segmented based on:

Product Type
Technology
End-use Industry
Global Absolute Encoders Market, by Product Type

In terms of product type, the global absolute encoders market can be divided into:

Single Turn Absolute Encoder
Multi Turn Absolute Encoder
Global Absolute Encoders Market, by Technology

Based on technology, the global absolute encoders market can be classified into:

Insulated Shaft
Magnetic Shaft
Rotary
Rotary Optical
Global Absolute Encoders Market, by End-use Industry

On the basis of end-use industry, the global absolute encoders market can be segregated into:

Automotive
Packaging Industry
Food & Beverages
Oil & Gas
Energy & Utility
Others (paper & print industry, material handling, chemical, among others)
The report on the global absolute encoders market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.

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