Market Overview:
The global optical belt scale market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for optical belt scales in various applications such as mining, aggregate, wood & biomass, and other applications. In terms of type, the market is segmented into measuring widths below 800mm, measuring widths between 800 and 1300mm, and measuring widths above 1300mm. The measuring width below 800mm segment is expected to grow at a CAGR of 6% during the forecast period from 2018 to 2030. This growth can be attributed to the increasing demand for low-cost optical belt scales in various applications such as mining and aggregate industries.
Product Definition:
An optical belt scale is a device that uses light to measure the distance between two points on a conveyor belt. This information can then be used to calculate the weight of an item on the belt. Optical belt scales are important because they provide a more accurate way to measure weight than traditional methods like scales or rulers.
Measuring Width: below 800mm:
The global optical belt scale market size was valued at USD 1.6 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The key drivers for this market are growing demand for automated material handling equipment, rapid industrialization, and technological advancements in manufacturing processes across the world.
Belt scale manufacturers are investing heavily in research & development activities to introduce innovative products that provide accurate measurement with greater efficiency.
Measuring Width: 800 - 1300mm:
The measuring width is used in optical belt scale industry to measure the thickness of a part or assembly. Belt sizer uses light source and sensor to scan the length of each belt segment and calculate its average value. The Optical Belt Sizer (OBS) measures both sides of each belt segment, which helps in providing an accurate measurement even if one side is damaged.
Application Insights:
The other application segment includes food, chemical, paper and pulp, mining and construction. The demand for the product in this application is expected to witness a CAGR of XX% from 2018 to 2030 owing to its increasing use in coal mines as well as aggregate production plants. In addition, the scale also finds applications such as wood & biomass production facilities and chemical plants where it measures the feeding/ discharge rate of materials into vessels or drums for transportation or processing purposes.
The Latin America region accounted for a market share of 26% in terms of revenue in 2017 on account of growing industrialization coupled with urbanization projects that are being undertaken by various countries such as Brazil, Argentina India Chile Mexico which is likely to propel industry growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of textile mills that use optical fiber belt scales for weighing raw materials and finished products. Growing demand for consumer electronics, especially in China, India, South Korea, Japan and Taiwan is also likely to drive product adoption across this region.
The European market was valued at USD X million in 2017 owing to growing mining activities coupled with increasing investments from public & private entities towards research & development activities within the sector. In addition, rising awareness regarding workplace safety standards is anticipated to fuel product demand across this region during the forecast period.
In terms of revenue per year (USD), Central & South America occupied third position after Asia Pacific.
Growth Factors:
- Increasing demand for automated optical belt scale from food and beverage industry to improve production efficiency.
- Growing popularity of online shopping is expected to boost the demand for optical belt scale in e-commerce sector.
- Rising adoption of industrial automation across various industries is projected to propel the growth of global optical belt scale market during forecast period.
- Proliferation of small and medium enterprises (SMEs) is anticipated to create new opportunities for the growth of global optical belt scale market in near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical Belt Scale Market Research Report
By Type
Measuring Width: below 800mm, Measuring Width: 800 - 1300mm, Measuring Width: above 1300mm
By Application
Mining, Aggregate, Wood & Biomass, Other
By Companies
H-Sensortechnik, Sick, indurad, Walz Scale, LASE Industrielle Lasertechnik GmbH, Waylog, Lasertronik Gmbh, Passat, EmWeA, HenseWagetechnik, H-Sensortechnik, Chenan
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Optical Belt Scale Market Report Segments:
The global Optical Belt Scale market is segmented on the basis of:
Types
Measuring Width: below 800mm, Measuring Width: 800 - 1300mm, Measuring Width: above 1300mm
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Mining, Aggregate, Wood & Biomass, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- H-Sensortechnik
- Sick
- indurad
- Walz Scale
- LASE Industrielle Lasertechnik GmbH
- Waylog
- Lasertronik Gmbh
- Passat
- EmWeA
- HenseWagetechnik
- H-Sensortechnik
- Chenan
Highlights of The Optical Belt Scale Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Measuring Width: below 800mm
- Measuring Width: 800 - 1300mm
- Measuring Width: above 1300mm
- By Application:
- Mining
- Aggregate
- Wood & Biomass
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Optical Belt Scale Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An optical belt scale is a type of weight scale that uses light to measure the weight of an object. The scale measures the distance between two light sources, and then calculates the weight based on that distance.
Some of the major companies in the optical belt scale market are H-Sensortechnik, Sick, indurad, Walz Scale, LASE Industrielle Lasertechnik GmbH, Waylog, Lasertronik Gmbh, Passat, EmWeA, HenseWagetechnik, H-Sensortechnik, Chenan.
The optical belt scale market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Optical Belt Scale Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Optical Belt Scale Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Optical Belt Scale Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Optical Belt Scale Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Optical Belt Scale Market Size & Forecast, 2018-2028
4.5.1 Optical Belt Scale Market Size and Y-o-Y Growth
4.5.2 Optical Belt Scale Market Absolute $ Opportunity
Chapter 5 Global Optical Belt Scale Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Optical Belt Scale Market Size Forecast by Type
5.2.1 Measuring Width: below 800mm
5.2.2 Measuring Width: 800 - 1300mm
5.2.3 Measuring Width: above 1300mm
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Optical Belt Scale Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Optical Belt Scale Market Size Forecast by Applications
6.2.1 Mining
6.2.2 Aggregate
6.2.3 Wood & Biomass
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Optical Belt Scale Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Optical Belt Scale Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Optical Belt Scale Analysis and Forecast
9.1 Introduction
9.2 North America Optical Belt Scale Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Optical Belt Scale Market Size Forecast by Type
9.6.1 Measuring Width: below 800mm
9.6.2 Measuring Width: 800 - 1300mm
9.6.3 Measuring Width: above 1300mm
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Optical Belt Scale Market Size Forecast by Applications
9.10.1 Mining
9.10.2 Aggregate
9.10.3 Wood & Biomass
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Optical Belt Scale Analysis and Forecast
10.1 Introduction
10.2 Europe Optical Belt Scale Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Optical Belt Scale Market Size Forecast by Type
10.6.1 Measuring Width: below 800mm
10.6.2 Measuring Width: 800 - 1300mm
10.6.3 Measuring Width: above 1300mm
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Optical Belt Scale Market Size Forecast by Applications
10.10.1 Mining
10.10.2 Aggregate
10.10.3 Wood & Biomass
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Optical Belt Scale Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Optical Belt Scale Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Optical Belt Scale Market Size Forecast by Type
11.6.1 Measuring Width: below 800mm
11.6.2 Measuring Width: 800 - 1300mm
11.6.3 Measuring Width: above 1300mm
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Optical Belt Scale Market Size Forecast by Applications
11.10.1 Mining
11.10.2 Aggregate
11.10.3 Wood & Biomass
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Optical Belt Scale Analysis and Forecast
12.1 Introduction
12.2 Latin America Optical Belt Scale Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Optical Belt Scale Market Size Forecast by Type
12.6.1 Measuring Width: below 800mm
12.6.2 Measuring Width: 800 - 1300mm
12.6.3 Measuring Width: above 1300mm
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Optical Belt Scale Market Size Forecast by Applications
12.10.1 Mining
12.10.2 Aggregate
12.10.3 Wood & Biomass
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Optical Belt Scale Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Optical Belt Scale Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Optical Belt Scale Market Size Forecast by Type
13.6.1 Measuring Width: below 800mm
13.6.2 Measuring Width: 800 - 1300mm
13.6.3 Measuring Width: above 1300mm
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Optical Belt Scale Market Size Forecast by Applications
13.10.1 Mining
13.10.2 Aggregate
13.10.3 Wood & Biomass
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Optical Belt Scale Market: Competitive Dashboard
14.2 Global Optical Belt Scale Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 H-Sensortechnik
14.3.2 Sick
14.3.3 indurad
14.3.4 Walz Scale
14.3.5 LASE Industrielle Lasertechnik GmbH
14.3.6 Waylog
14.3.7 Lasertronik Gmbh
14.3.8 Passat
14.3.9 EmWeA
14.3.10 HenseWagetechnik
14.3.11 H-Sensortechnik
14.3.12 Chenan
