26 June 2019 –
The Global Tension Control System Market is expected
to witness a substantial growth in the coming years due to rise in demand for
automated tension control systems from various end users. Tension control
systems is the machinery used to control mechanical tension of any material.
The operator on every machinery focuses on speed and operation. The link speed
in tension control system is known as the master function. The control powered
in these systems must stay efficient at any rate of speed including steadiness
in acceleration and deceleration of the machine speed. Tension control system
is widely used for lamination, slitting, printing, coating, extruders,
sheeting, etc.
The key driving factors of tension control system market are
high demand for automated tension control systems, inclination from flexible
packaging to rigid packaging, and presence of small scale packaging and
printing industry in the developing economies of Asia Pacific that demand
tension control system market. However, high initial cost of tension control
systems is hampering the market growth. Moreover, high installation cost of
tension control systems in packaging and paper industry is also restraining the
market growth. These restraints are prevalent in the Asia Pacific economies,
where small packaging industry holds considerable significance. Flexible
packaging converting & printing industry is significantly growing at a
remarkable rate. Hence, increase in need for highly efficient tension control
systems is trending in the market.
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Tension control system market is categorized on the basis of
product type, component, application, and geography. On the basis of product
type, market is divided into manual and automated. Automated tension control
systems are expected to hold a larger share of the market in the forecast
period due to increase in demand for automated systems from various industries
from both developing and developed economies.
Geographically, market is segmented as North America, South
America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is
predicted to dominate the market in the coming years due to increase in demand
from the packaging machinery manufacturing, imports, and demand from
pharmaceutical industry. Additionally, food sector is also expected to contribute
significantly due to high demand for processed food. Further, North America and
Europe are also expected to lead the market.
The leading players in tension control system market
comprise Erhardt+Leimer, FMS, Maxcess, Dover Flexo Electronics, Montalvo,
Double E, Nexen, Nireco, Owecon, RE Controlli Industriali, Comptrol and
Cleveland Motion Controls.
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