Belt Scales Market: Introduction
A belt scale is used to continuously measure and report flow rates and totalized amounts of materials being transported on a conveyor belt. The weight of the material transported is gauged by weighing the belt load and measuring the belt speed. The length and material of the conveyor belt differs to suit the customer’s requirements and properties of the transported material. Belt scales are used in production and logistics, for measuring throughput and consumption in production plants, internal balancing of supply and discharge, load limit signaling, and batching at loading stations or metering hopper control. Some companies offer belt scales with accuracies as precise as +/- 0.25 percent.
Key drivers of the belt scales market
Increase in industrial and manufacturing production, along with the growing demand for food drives the growth of the belt scales market. Low operating costs, precision weighing mechanism, increased throughput, and high efficiency are making conveyor belt scales increasingly popular in the mining industry. Numerous companies are replacing conventional weighing mechanisms with conveyor belt scales in the mining industry. Rapid industrial growth and demand for bulk material handling and weighing is creating demand for assembly line setup to boost throughput and reduce overhead costs, a trend which is likely to cause a surge in the demand for conveyor belt scale systems across industries. These factors act as drivers and pushes the demand for belt scales at the global level.
Improved features creating opportunities in the belt scales market
Advancements in Industrial Internet of Things (IIoT) is enabling end-use industries to optimize belt scale performance, reduce downtime, increase throughput, collect data, and automate industrial processes through continuous remote monitoring. Development of portable cleaning solutions for conveyor belt scale systems is likely to create new opportunities in food and beverages industries. 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 supports laser technology to calculate the volume of the material on the conveyor systems. In 2018, a conveyor belt scale system was designed specifically to measure the weight and flow rate of electronic components, for instance, where electromagnetic interferences could impact the readings. The novel belt scale system leverages fiber Bragg grating to accurately measure the weight of electronic components. These factors create new opportunities for the product in the market.
High cost and coping with fast changing technology a restraint for the belt scales market
High cost of belt scale systems, along with significant initial investments required for installation of the equipment in a facility is expected to impact the growth of the belt scales market during the forecast period. Also, the fast changing technological landscape is persuading companies to continuously enhance the existing systems to maintain a competitive edge in the market. These factors can act as restraints for the belt scales market.
Europe the dominant market
The Europe market accounts for highest share in the belt scales market in terms of revenue contribution as compared to markets in other regions due to increased adoption of belt scales by various end-users such as mining, cement, energy & power, and logistics in the region. High demand for belt scales is seen in European countries, especially in Switzerland. Also, demand is rising in other regions of Europe due to increase in operations in quarries, gravel works, mines, construction sites, cargo loading stations, and road building and tunnel drilling. South Asia and Oceania are expected to emerge as the fastest growing markets for belt scales with increasing demand for conveyor belt scale systems in the booming industries and mining sectors of developing economies in the region.
Key players operating in the global market
Companies are working on product innovation and development to expand their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level.
Some of the major companies identified in the belt scales market are:
- Siemens AG
- Rice Lake Weighing System
- FLSmidth & Co A/S
- Merrick Industries
Belt Scales Market: Research Scope
Belt Scales Market, by Type
- Single Idler
- Multi Idler
Belt Scales Market, by Weighing Capacity
Belt Scales Market, by End-user Industry
- Energy & Power
Belt Scales Market, by Distribution Channel
- Direct Sales
- Indirect Sales
Belt Scales Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
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