Global Industrial Metal Detectors Market growing at a CAGR of 4.5% from 2023 to 2030
Category : Machinery and Equipment | Published Date : Jun 2023 | Type : Press Release
Key Market Overview
The Global Industrial Metal Detector Market was valued at USD 1,093.70 million in 2022 and is expected to register a compound annual growth rate of 4.5% to reach USD 1,546.02 million in 2030.
The report highlights the increasing adoption of industrial metal detectors due to maintain quality and safety standards of food products. Consegic Business Intelligence provides an inclusive research report on the industrial metal detector market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Industrial Metal Detectors Market By Overview
The report analyses significant segments such as product type, capability type, end-user and region, to identify emerging trends and potential opportunities. The end-user segment is expected to grow due to the increasing demand for industrial metal detectors in food & beverage industry to monitor the quality and safety of food products. Moreover, the adoption of industrial metal detectors in pharmaceutical industry to detect the presence of ferrous and non-ferrous contaminants in pharmaceutical products is accelerating the growth of the market.
Get Free SampleMarket Dynamics
Driver:
- Implementation of stringent food safety regulations by government and regulatory bodies is driving the growth of the market.
- The increasing demand for industrial metal detectors to maintain the overall quality of pharmaceutical products is driving the growth of industrial metal detectors market.
- The rising prevalence of food-borne diseases across the globe is driving the growth of industrial metal detectors market.
Restraints:
- The erratic generation of false alarms by industrial metal detectors is restraining the market growth.
- The high cost of investment of industrial metal detectors is restraining the growth of the market.
Market Segmentation:
| Report Attributes | Report Details |
| By Product Type | Hand-Held/Portable, Conveyed Media, Gravity Fed Free Flowing, and Internal Pipeline |
| By Capability Type | Non-Ferrous, Non-Magnetic, and Hot Metal Detection |
| By End-User | Pharmaceutical, Food and Beverage, Mining, Textile, Chemicals, Plastics, and Rubber |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The global industrial metal detector market is highly competitive due to the presence of major players such as CEIA, Easyweigh, Fortress Technology, Illinois Tool Works Inc., Loma Systems, Mettler-Toledo, Multivac Group, Nikka Densok, Nissin Electronics, Shanghai Techik, Thermo Fisher, WIPOTEC-OCS operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in industrial metal detector market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- CEIA
- Easyweigh
- Fortress Technology
- Illinois Tool Works Inc.
- Loma Systems
- Mettler-Toledo
- Multivac Group
- Nikka Densok
- Nissin Electronics
- Shanghai Techik
- Thermo Fisher
- WIPOTEC-OCS
- Minebea Intec GmbH
- CASSEL Messtechnik GmbH
