The global industrial metal detector market is highly fragmented due to the significant presence of small & medium-sized manufacturers. Leading market players are anticipated to account for ~40 percent of the global market for industrial metal detectors and generate a revenue of more than US$ 10 million in the market for industrial metal detectors.
Moreover, key participants such as Mettler-Toledo International Inc., Illinois Tool Works Inc., CEIA (Costruzioni Elettroniche Industriali Automatismi S.p.A.), Thermo Fisher Scientific Inc., and Eriez Manufacturing Co. have major share in the global industrial metal detector market. Prominent manufacturers operating in the industrial metal detector market will continue to rely on inorganic approaches such as mergers and acquisitions for a stronger foothold in target markets.
Need for Reliable Detection of Metal Contaminants in Industrial Products
With increasing industrialization across the globe, different industries are making efforts to gain a competitive edge by improving the quality of their products. Presence of metal contaminants like copper, brass, aluminum, iron, and non-magnetic steel in various industrial products can degrade the quality, and ultimately make products less efficient. Demand for highly sensitive industrial metal detectors that can detect even the smallest metal particles is on a surge.
Extensive Use of Advanced Technologies to Improve Efficiency
Majority of companies operating in the global industrial metal detectors market are employing the latest technologies to enhance the performance of their products and improve accuracy. Advanced technologies such as surface mount technology (SMT) and multiband technology are being used by manufacturers to a great extent. By making use of these technologies, manufacturers have been able to make their products superior with higher sensitivity, extended mechanical life, high mean time between failure, and better reliability in detecting ferrous and non-ferrous metals.
Multi-Spectrum Tech to Optimize Sensitivity of Industrial Metal Detectors
Multi-spectrum technology is expected to be used by most of the manufacturers to improve the hygiene and sanitation, and to deliver the greatest sensitivity to all non-magnetic and magnetic metals industrial metal detectors produced in recent years. Implementation of single frequency detectors is limited to certain metal contaminants. However, multi-spectrum technology employs detectors to make use of an entire spectrum of frequencies, which are simultaneously applied to improve accuracy in metal detection.
By analyzing the frequency responses of different metal contaminants present in the product under inspection, the sensitivity of industrial metal detection can be improved to even greater levels while minimizing its impact on the quality of products. By choosing appropriate operating frequencies, manufacturers in the global industrial metal detectors market are managing to upgrade the performance and productivity of industrial metal detectors.
Due to severe consequences of metal fragments in industrial products, need for industrial metal detectors may surge during the forecast period. Industrial metal detectors manufactured with innovative engineering technologies for unique industrial applications are expected to witness a greater demand in the coming years.
A recent market study published by PMR on the industrial metal detector market includes the global industry analysis for 2014-2018 & opportunity assessment for 2019-2029 and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical as well as current growth parameters of the industrial metal detector market, the growth prospects of the market are obtained with maximum precision. The global industrial metal detector market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
The report initiates with the executive summary of the industrial metal detector market, which includes a summary of the key findings and statistics, along with demand & supply-side trends pertaining to the industrial metal detector market. In market introduction, readers can find the definition and a detailed taxonomy of the industrial metal detector market, which will help them understand basic information about the industrial metal detector market. Along with this, comprehensive information about industrial metal detectors is provided in this section.
Market background explains the key macro-economic factors that are expected to influence the growth of the industrial metal detector market during the forecast period. Along with the macroeconomic factors, this section also highlights the value chain, supply chain, forecast factors, and value chain analysis for the industrial metal detector market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the section.
The chapter based on market forecast factors explains the global market value analysis and forecast for the industrial metal detector market in the forecast period of 2019-2029 in terms of capability type. This chapter includes a detailed analysis of the historical industrial metal detector market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029).
The report then walks the audience through segmentation analysis and regional market assessment, considering each segment and sub-segment, followed by each region and individual countries. The next chapter sheds light on the competitive analysis of industrial metal detector market. In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the industrial metal detector market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments.
At the end of report, a section is introduced to offer an overview of PMR’s patented research methodology that we follow. This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the industrial metal detector market.