Pune, India -- (SBWire) -- 06/12/2018 --Global Weighing And Inspection Market is segmented based on industry into segments; food and beverages, pharmaceuticals, consumer products, automotive industry, hazardous products, chemicals, plastics and materials, and others. In 2017, food and beverages segment is expected to dominate the North America weighing and inspection market with 28.7% market share and is expected to reach USD 399.76 million by 2024, with the highest CAGR of 6.7% in the forecast period 2017 to 2024.
Global Weighing and Inspection Market is expected to reach USD 3,089.85 million by 2024, from USD 1,940.60 million in 2016 growing at a CAGR of 6.1% in the forecast period 2017 to 2024.
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Major Players: Global Weighing and Inspection Market
- Precia SA,
- Loma Systems (ITW),
- Wipotec-OCS GMBH,
- Aja Ltd,
- Xactpack,
- Marel,
- Thermo Fisher Scientific Inc.,
- Liebel,
- Bizerba,
- VBS, Inc.,
- Minebea Intec,
- Mettler Toledo,
- Anritsu,
- Sesotec Gmbh,
- JBT,
- Heat And Control Inc.,
- Rehoo Industrial Limited,
- Murata Machinery Ltd
- Ishida Co. ltd.,
- yangzhou aerosol machinery equipment Co. Ltd.
- among others.
RISING USAGE OF WEIGHING AND INSPECTION MACHINES FOR QUALITY CHECK OF CEREALS AND GRAINS IN FOOD INDUSTRY
The U.S. Grain Standards Act provides the establishment of official U.S. grain standards that are used to measure and describe the physical and biological properties of the grain at the time of inspection. The high uses of the weighing machines in the production and refining of cereals and grains have grown the demand of the weighing machines. The rising population leading to increased demand of high quality cereals and grains has led to increase in use of weighing and inspection equipment.
The Federal Grain Inspection Service (FGIS) is a program of the U.S. Department of Agriculture's (USDA) Grain Inspection, Packers and Stockyards Administration (GIPSA). FGIS administers a system for officially inspecting and weighing grain and other commodities through 12 field offices and two federal/state offices in the United States and Canada. FGIS field offices also oversee the work of state and private agencies which provide official services at other domestic grain markets. Eight of these state agencies are also authorized to perform official export services at ports.
Key Drivers:
Global weighing and inspection market is growing with the increased sales of high-end equipment due to the benefits of the equipment, rising usage of weighing and inspection machines for quality check, growing demand for inspection in pharmaceuticals, rising demand of inspection devices in food industry is boosting the growth of the global weighing and inspection market.
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INCREASED SALES OF HIGH-END EQUIPMENT DUE THE BENEFITS SUCH AS ACCURACY AND PRECISION PROVIDED BY THE EQUIPMENT
These weighing and inspection systems with high accuracy and precision are used for the weighing and inspection of the various products. The accuracy and precision helps in detecting impurity in the product thus enhancing the quality of the final product delivered. The benefits of this high end equipment and the high demand of quality products from the consumer are raising the demand of weighing and inspection market.
The high-end equipment is most appropriate for large facilities where there is need to prioritize the findings or for industries where calibration and repeatability is an issue. The accuracy of such a system depends on the vessel design (inventory silo, reactor, batch tank, etc.), piping attachments, support structure, lateral restraint system, vessel environment (traffic, temperature, nearby equipment), and proper selection of transducer accessories. The weigh system accuracy is unavoidably related to the degree of attention given to the mechanical details and vessel functionality. The high accuracy of the process weighing systems displays system errors less than 0.05% to 0.25%. The precision load cells or weigh modules with full temperature compensation must be used.
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Weighing and Inspection Market Rising Demand for Inspection in Global Industries by Current Market Scenario, Latest Trend, Share Analysis, Growth and Forecast to 2024