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Hoist Controller Market By Statistics & Growth Forecast 2019-2025

Author : Rahul Varpe | Published Date : 2019-07-30 

Hoist controllers are used for controlling all kinds of hoists across directions required by the customer as they reduce the burden of material handling. Hoist Controller Market will exceed USD 104.0 million.

Global Hoist Controller Market might witness obstruction to growth in size majorly because of accessibility of very low-standard controlling equipment. In addition, presence of highly unorganized market, attributed with rare options of water proof hoist controllers? may restrain the global hoist controller market. Rising consumption for all types of hoists would create the hoist controller demand, thereby raising the hoist controller market in the studied timeline. In addition, increasing industrialization in rising nations will further demand more hoists, which need compulsory controlling kits.

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Electric hoists utilized a major chunk of global hoist controller market. This had a share higher than 97% in 2017 and would rise over CAGR of 3.0% reaching USD 103.2 million till end of forecast timespan.

Hydraulic hoists utilize very minute part in global hoist controller market in the entire forecast period. This market segment would experience rise at a CAGR over 2.7%, reaching USD 1.8 million till end of projected period.

Hoist controller market, type by end-user

  • Handheld
    • Automotive
    • Cement
    • Chemical
    • Construction
    • Marine
    • Metal processing
    • Others
  • Automatic
    • Automotive
    • Cement
    • Chemical
    • Construction
    • Marine
    • Metal processing
    • Others

Hoist controller market, by end-user

  • Automotive
  • Cement
  • Chemical
  • Construction
  • Marine
  • Metal processing

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Handheld hoist controllers occupied the dominant share of more than 94% in revenue by 2017. This would grow at CAGR over 3.0%, surpassing USD 99.2 million till 2025. Automatic hoist controllers would grow at a very low CAGR over handheld hoist controllers. The market would surpass USD 5.8 million till 2025. Handheld hoist controller market for cement industry applications generated larger revenue share by end of 2017, and this might reach USD19.2 million by end of 2025.

Asia Pacific hoist controller market will surpass USD 33.6 million by end of 2025, increasing at CAGR of more than 3.3%. The North America hoist controller market held second major chunk of the global hoist controller market. This will surpass USD 24.5 million till end of 2025, increasing at 2.7% CAGR.

Significant companies in global hoist controller market comprise Eastern Electric Corporation, Uesco Cranes, Speed-O-Controls, Magnetek Inc., Conductix-Wampfler USA, Hoosier Crane Service Company and Schneider Electric among others. Hoist controller market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in units and revenue in USD million from 2014 to 2025.

Related News - https://medium.com/@indutrynews/crawler-crane-market-by-regional-industry-growth-statistics-forecast-2019-24-terex-b9e41bfd0604

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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