July 03, 2023 06:00 ET | Source: CONSEGIC BUSINESS INTELLIGENCE PRIVATE LIMITED CONSEGIC BUSINESS INTELLIGENCE PRIVATE LIMITED
New York, July 03, 2023 (GLOBE NEWSWIRE) -- According to the recent report “Global Industrial Metal Detectors Market” published by Consegic Business Intelligence, the market was worth USD 1,093.70 million in 2022 and is anticipated to reach over USD 1,546.02 million by the year 2030, growing at a CAGR of 4.5%. China Sheet Metal And Fabrication
Industrial metal detectors are the devices used to identify and detect metal contaminants in food and pharmaceutical products. Industrial metal detectors indicate the presence of magnetic materials including aluminum, nickel, and iron in food products. Moreover, industrial metal detectors are used to detect the existence of non-magnetic materials including stainless steel, gold, and silver to ensure high-quality and safety of food products. Consequently, industrial metal detectors are deployed for maintaining the quality of food products.
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The rising prevalence of food-borne diseases worldwide is driving the growth of industrial metal detectors market. Metal detectors play a crucial role in ensuring that the food products are unexposed to any ferrous and non-ferrous contaminants. Moreover, metal detectors play a crucial role in pharmaceutical industry for the detection of magnetic components in granulated or powder-form dosage forms. For instance, in September 2021, Loma Systems launched check-weigher and metal detector system called CW3 RUN-WET Combo System for inspection and monitoring purposes in food industry.
The integration of industrial metal detectors with inspection technologies including X-ray inspection or vision systems presents potential opportunities for market growth during the forecast period. The integration of x-ray inspection is expected to enhance the detection capabilities of metal detectors. However, the erratic generation of false alarms by industrial metal detectors is restraining the market growth.
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Industrial Metal Detectors Market Growth Drivers:
High cost of investment in installation of industrial metal detectors is restraining the growth of the market.
Global Industrial Metal Detectors Market Segmentation Details:
Based on Product Type, the gravity-fed free flowing segment contributed the largest shares to the market growth in 2022. Gravity-fed metal detectors are designed to detect metal contaminants in free-flowing materials including chemicals or powdered materials. Moreover, gravity-fed metal detectors are used to eliminate the metal components from food products effectively and efficiently, resulting in the market growth.
Based on Capability Type, the non-ferrous segment accounted for the maximum revenue share in the year 2022. Non-ferrous metal detection refers to the detection of metals that lack iron, including aluminum, copper, brass, and lead. Therefore, the increasing adoption of metal detectors in quality control and safety purposes is driving the growth of the market.
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Based on End-User, the food & beverage segment accounted for the maximum revenue share in the year 2022. The rising need to maintain food safety in food & beverage industry is driving the growth of the market. Consequently, the application of industrial metal detectors to detect the presence of ferrous and non-ferrous contaminants is driving the growth of the market.
Based on region, North America accounted for the largest revenue share in the year 2022. The technological advancements in the region coupled with strict government regulations is driving the growth of the regional market. Manufacturers are producing metal detection systems with advanced technologies to ensure the safety of a wide variety of food products. Therefore, the increasing number of government regulations to ensure food safety is accelerating the growth of the market.
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List of Major Global Industrial Metal Detectors Market Players
The market research report examines various market factors to determine the key drivers, limitations, and opportunities affecting market players. The report includes a SWOT analysis, regional analysis, and segment analysis to give a complete view of the market situation. This evaluation helps to identify possible growth opportunities through the implementation of technology, product utilization, business strategies, and the launch of new products. The following are major market players operating in the market environment —
Global Industrial Metal Detectors Market Segmentation:
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Key Questions Covered in the Industrial Metal Detectors Market Report
- Industrial metal detector is a device used to identify and detect metal contaminants in food and pharmaceutical products. The detectors are designed to ensure product quality and security.
- Industrial metal detectors are used in the food & beverage industry for detecting the presence of metals in food products. Moreover, the application of industrial metal detectors in pharmaceutical industry to monitor the quality of medicines is driving the market growth.
- North America accounted for the largest revenue share in the year 2022. Technological advancements in the region coupled with strict government regulations is driving the growth of the regional market.
- Asia Pacific is anticipated to register the fastest CAGR growth during the forecast period. The increasing adoption of packaged food products among consumers is driving the growth of the market.
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