Market Share of Encoder Industry
The encoder market comprises various players, such as Omron Corporation, Honeywell, Heidenhain GmbH, Baumer Group, and Posital Fraba Inc. Companies have the advantage of a large client base, enabling them to produce large volumes of encoders, a key factor in ensuring better profits and economies of scale in the sensor market. As strong brands are synonymous with good performance, long-standing players are expected to have the upper hand. Owing to their market penetration and the ability to offer advanced products, the competitive rivalry is expected to continue to be high.
In November 2023, Baumer, a global sensor and encoder solutions manufacturer, launched the absolute encoder EAM580RS, designed to deliver safety and performance in harsh applications, including mobile machinery and outdoor environments. Additionally, this safety-certified encoder would provide safe automation, which is cost-effective and easy to implement. The magnetic safety encoder has a stainless-steel casing for its protection from harsh outdoor environments, and it is able to withstand industrial factors, like vibrations and shock.
In August 2023, Dynapar, a manufacturer of encoders, launched HS35iQ Encoder with PulseIQ Technology, which is a new programmable hollow shaft encoder. This is a self-diagnosing feedback device with color-coded LEDs and digital output and offers a new way for OEM and end-users in heavy-duty machine applications to troubleshoot faulty encoders with access to encoder health status in real time.
Encoder Market Leaders
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Omron Corporation
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Honeywell International
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Schneider Electric
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Rockwell Automation Inc.
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Panasonic Corporation
*Disclaimer: Major Players sorted in no particular order
