Manufacturers in end-use industries are preferring the incorporation of automated systems to robotically control production speed and allow reduction of labor. With growing focus on reduction of operational and labor costs, and improvement in production efficiency, the use of industrial dispensers employed with robotics is increasing at a high rate.
As such, the global industrial dispenser market is projected to exhibit a decent CAGR of 5% over the forecast period of 2019-2029.
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Key Takeaways of Industrial Dispenser Market Study
“The industrial dispenser market is technology-driven market, where image recognition or vision-guidance systems play an important role in improving accuracy. Advancements in image recognition systems are expected to lead to new trends that benefit the industrial dispenser market over the coming years,” says a PMR analyst.
Industrial Dispenser Market: Competition Overview
In the automotive industry, where adhesive and sealant dispensing plays a crucial role, the use of dispensing systems with better image recognition and dispensing accuracy can speed up the production process. Hence, players involved in the industrial dispenser market are focusing on the development of better image recognition technology. For instance, Nordson EFD uses CCD and pencil cameras to accurately recognize the product position, and laser-height sensing technology to measure the distance and height of the product from the dispenser. These technologies have significantly improved the accuracy of dispensing systems, while bettering the speed of dispensing as well. Also, Integrated Dispense Solutions Company has developed a proprietary software along with suitable equipment that has enabled dispensing systems to adjust and improve fluid dispensing accuracy in the span of milliseconds, for high volume applications in the automotive industry.
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Long-term Outlook of Industrial Dispenser Market
A noteworthy increase in the sales of industrial dispensers is expected in regions such as North America, Europe, and East Asia. Over the forecast period, China, India, and Brazil are anticipated to be emerging markets for industrial dispensers. On the other hand, Oceania and the Middle East & Africa regions have been witnessing comparatively slow growth rates over the last few years.
Want to Know More?
Persistence Market Research has published a market research report on the industrial dispenser market, which contains global industry analysis of 2014–2018 and opportunity assessment for 2019–2029. The report provides insightful analysis of the industrial dispenser market through four different segments – operation, type, end use, and region. The industrial dispenser market report also provides demand and supply trends, with a detailed overview of the market dynamics.
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