Industrial Metal Detector Market Projected to Value US$ 900 Mn by 2026

According to a report recently compiled by Persistence Market Research, the global industrial metal detector market is projected to register an above average expansion through the forecast period, 2017 to 2026. Over US$ 900 Mn worth of industrial metal detectors are estimated to be sold globally by 2026-end.

Growing Importance of Metal Detectors in Food Industry to Impact Market Growth

Metal is considered to be one of the most commonly found contaminants in food products. Metal fragments in food products may invade from various sources including bits of farm tools during the process of harvesting, or parts of robotic systems during processing of food products. In addition, the more food products undergo processing, the more difficult detection of metallic contaminants gets, as relatively larger and easier to seek metal pieces are crushed down into smaller fragments, which escape visual checks done by workers. It is therefore imperative to ensure screening out of metal pieces in processed food, which can be efficiently done by using industrial metal detectors.

Technically utilization of metal detectors in industries is not mandatory, however they are highly recommended on the back of their simplicity, cost, and the higher prevalence of metal contaminants in various industrial products. Metal detectors are placed at various nodes of production processes in order to achieve optimum efficiency. However other potential contaminants such as paint chips, hair, glass and wood cannot be detected by metal detectors alone. X-ray detection is the most commonly employed alternative to industrial metal detectors, and can detect metal as well as other physical contaminants.

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Key Takeaways from PMR’s Report on Industrial Metal Detector Market for Forecast Period 2017-2026

On the basis of capability type, non-ferrous metal detectors are anticipated to remain sought-after among end-use industries, followed by non-magnetic metal detectors. Revenue share of industrial metal detectors with hot metal detection (HMD) capability in the market is likely to remain relatively lower than that of non-ferrous and non-magnetic metal detectors. However, revenues from HMD segment will increase at a higher CAGR than those from non-ferrous segment. Sales of non-magnetic metal detectors will exhibit the fastest expansion through 2026.

Based on end-use industry, food & beverage and pharmaceutical will continue to account for the largest revenue shares of the market during the forecast period. Mining and plastic & rubber industries will also remain financially worthwhile in the market, with sales collectively forecast to exceed US$ 300 Mn in revenues by 2026-end. However, sales of industrial metal detectors in the textile industry is projected to reflect a relatively higher CAGR than all the other end-use industries through 2026.

In-line/gravity fed – free flowing metal detectors are anticipated to remain the top-selling product in the market, with revenues set to hold approximately one-third revenue share of the market by 2026-end. In-line/conveyed media metal detectors are also expected to account for a major portion of the market’s revenue share through the forecast period. In-line/conveyed media metal detectors are projected to exhibit the highest CAGR in the market through 2026.

North America will continue to be the most remunerative market for industrial metal detectors, albeit sales in the region are projected to register the lowest CAGR through 2026. Europe and APEJ will also remain lucrative for growth of the industrial metal detector market. In addition the market in Europe and MEA are projected to ride on a similar CAGR through 2026. In addition, Latin America will continue to be the fastest-expanding market for industrial metal detectors.

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Global Cleaning Appliances Market: Competition Landscape

Some of the top players functioning in the global cleaning appliances market have been studied in this report. The players that have been featured in the competition landscape section of this report include Robert Bosch GmbH, Qingdao Haier Co., Ltd., Panasonic Corporation, Samsung Electronics Co. Ltd., General Electric Co. (GE), LG Electronics, Inc., Honeywell International Inc., Whirlpool Corporation, Koninklijke Philips N.V. and Electrolux AB.

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Building Automation Systems Market Will Amass at 11.1% CAGR by 2026

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Beverage Refrigeration Equipment Market Projected to Value US$ 5,500 Mn by 2025

Beverage refrigeration equipment are commercial refrigeration equipment used at food & beverage retail outlets, such as dairy stores, wine shops, convenience stores, supermarkets and food service providers, such as hotels, restaurants and cafes. A new research report by Persistence Market Research highlights the scenario of global beverage refrigeration equipment market during the forecast period, 2017-2025. This comprehensive research report is titled ‘Beverage Refrigeration Equipment Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)’ and covers key insights on the market drivers, restraints, opportunities prevailing in the industry. According to this market analysis and forecasts, global demand for beverage refrigeration equipment is expected to grow with increase in the number of retail stores and also growing preference of people towards quick service restaurants. The global beverage refrigeration equipment market is expected to reach a market value of...

Australia & New Zealand Herbal Supplements Market to Expand US$ 760.9 Mn by 2025

According to the report, titled “ Herbal Supplements Market: Australia & New Zealand Industry Analysis and Forecast, 2017–2025 ,” the market is expected to bring in US$ 434.9 Mn by the end of 2017. In the eight-year forecast period, the herbal supplement revenues in Australia & New Zealand will have soared at an impressive 7.2% CAGR. The region’s rich dietary culture and growing per capita healthcare expenditure will continue to favor the growth of its herbal supplements market. Increasing demand for herbal supplements to strengthen one’s immunity and a sizeable population of baby boomers are two crucial factors driving the sales of herbal supplements in Australia and New Zealand. Balancing diets of the common people continues to be a top priority of governments witnessing an alarming rise in food-related disorders. Some regions are augmenting their staple foods while others are adopting new edible products in their nutritionally deficient diets. On the same lines, the de...

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