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Tension Control Market 2019 Top Leading Players Strategy, Scope, Size, Competitive Scenarios, Business Opportunities, Development Status and Regional Forecast to 2023

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Tension Control Market 2019 Top Leading Players Strategy, Scope, Size, Competitive Scenarios, Business Opportunities, Development Status and Regional Forecast to 2023

August 23
10:06 2019
Tension Control Market 2019 Top Leading Players Strategy, Scope, Size, Competitive Scenarios, Business Opportunities, Development Status and Regional Forecast to 2023

Tension Control Market
Tension Control Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market Size, Share, Growth, Trends, key players Forecast to 2023. Tension Control Market Research Report: Information by Type (Automated, Manual), Component (Load cell, clutch, brake, controller, dancer roller, diameter sensor), Application (Flexible Printing, Paper, Metal & Foil), and Region – Global Forecast till 2023

The global tension control market is expected to witness a 4.80% CAGR from 2018 to 2023 (forecast period). Increase in automation for applications such as printing, lamination and textile contributes to the market demand. Moreover, growing emphasis on flexible printing and packaging adopted by manufacturers attribute to the market growth. This is evident by the volume of flexible packaging units to touch USD 15.7 billion in Europe by 2022. In addition, the U.S. Department of Defense had invested close to USD 75 million in 2015 to this regard.

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Industry Highlights

In mechanics, tension is the result produced when two opposite forces act in opposition to each other. This equation is relevantly used for web tension since it is concurrently employed for thin flexible materials. For instance, web tension force can be applied to paper, plastic film, lamination, textiles, foils, steel and other metals such as wire, cables and filaments. In this context, Montalvo emerges as an innovative solution provider to deliver upon web tension control problems and also offering valuable satisfaction to its customers. Its popular innovations are variable wrap technology and range expansion. Variable wrap technology is an exclusive product from Montalvo, that enhance the existing techniques of web control measurement by reducing the necessity for tension sensing lead-in or lead-out roll, thereby resulting in saving of money and energy used by the machine.

The major drivers listed in the global tension control market report attribute as surging demands from the packaging sector in order to enhance the quality of the contents and maintain a longer shelf life; and growing opportunities in the pharmaceutical packaging in the emerging markets. Rise in use of 3D printing and packaging in the cabling industry is expected to emerge as a contribute as growth factor in the years to come. Automated systems are gaining traction rapidly by causing low lags in the production line. For instance, the Auto Web Tension Control System by Puretronics remembers the last output voltage to the brake/motor component for uninterrupted production.

Competitive Landscape

Major players in the global tension control market are Montalvo (US), Nexen (U.S.), FMS (Switzerland), Dover Flexo Electronics (US), Maxcess (US), Erhardt + Leimer (Germany) and Double E (US).

Market Segmentation

The global tension control market is segmented based on component, application, type, and region. Component can be segmented into dancer roller, controller, diameter sensor, load cell, brake and clutch. The load cell segment is projected to witness a traction mainly due to inclination towards automation in paper processing and printing.

Application segment is further categorized as paper & corrugated, metal & foil, flexible printing & packaging. The flexible printing & packaging segment can drive the demand of the tension control market as irregularities and fluctuations in machinery can lead to low quality of products. Inclination towards flexible packaging coupled with demand for high-quality labeling and printing can drive segmental growth till 2023.

Regional Analysis

Regionally, the market covers the latest trends of the tension control market across Asia Pacific, the Middle East & Africa, South America, Europe, and North America. Asia Pacific accounted for the largest market share in the tension control market due to significant investments in the food and beverage industry followed by increasing investment in flexible packaging mainly in the food industry is expected to drive the market growth in this region. Increasing opportunities in the pharmaceutical sector is expected to balance the market demand in the years to come.

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