Global Encoders Market Worth $ 26 Billion by 2020

Date: 2017-03-20

An encoder is a sensing device that provides feedback from the physical world—it converts motion to an electrical signal which can be read by some type of control device, such as a counter or PLC. Encoders includes Incremental Encoders and Absolute Encoders on the base of classification, which represent 48% and 34% of global Encoders market. 

Electronics, Conveying, Cut-to-Length and Registration Mark Timing are the main application of Encoders product and Europe is the largest Encoders market on production and consumption.

Global Encoders market is projected to reach $ 26 Billion by 2020, with a GAGR of 5.4% from 2016, and Asia will have a big dynamic momentum on the market growth. The major players in the global Encoders market are Sick Stegemann, Baumer Group, LEINE&LINDE, SIKO, Pepperl+Fuchs, Dynapar, NSD, Yuheng Optics etc.

Encoders

Read Full Report: http://www.gosreports.com/global-encoders-market-research-report-2017/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com
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