Market Share of Encoder Industry
The encoder market comprises various players, such as Omron Corporation, Honeywell, Heidenhain GmbH, Baumer Group, and Posital Fraba Inc., among others. The 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 October 2022, Rockwell Automation Inc. acquired CUBIC, a company specializing in modular systems for constructing electrical panels. The company intends to boost its portfolio of leading intelligent motor control technologies with this acquisition.
In March 2022, the explosion-proof IXARC rotary encoders from POSITAL were approved to meet the requirements of the ATEX/IECEx guidelines for Category 3 electrical equipment. These tools are perfect for oil and gas installations, chemical plants, woodworking activities, and grain handling facilities, as they may be used in Zone 2 and Zone 22 conditions (possible exposure to dangerous quantities of explosive gases and combustible dust).
Encoder Market Leaders
Omron Corporation
Honeywell International
Schneider Electric
Rockwell Automation Inc.
Panasonic Corporation
*Disclaimer: Major Players sorted in no particular order
