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Hoist Controller Market Trends

Report ID: GMI2695
Published Date: Aug 2023
Report Format: PDF

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Hoist Controller Market Trends

The growing importance of sustainability and environmental considerations by manufacturers pertaining to product design and manufacturing processes will prove favorable for the industry expansion. This can be attributed to their surging focus on reducing waste and minimizing the carbon footprint of hoist controllers owing to the rising demand for material handling in construction, manufacturing, and logistics. The rising efforts undertaken for deploying eco-friendly materials and lean manufacturing techniques for minimizing the waste in production process is expected to drive the demand for hoist controllers.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size for hoist controller is anticipated to witness more than 3% CAGR from 2023 to 2032, due to the higher deployment of advanced technologies and automation worldwide.

Electric hoist controller market is expected to observe over 3% CAGR between 2023 and 2032, owing to their rising popularity in healthcare settings for lifting and transferring patients with limited mobility.

North America hoist controller market will record more than 2.5% growth rate till 2032, driven by the rising rate of industrial manufacturing along with the surging need for safety and efficiency.

Some of the prominent hoist controller firms are Demag Cranes & Components Corp., Speed-O-Controls, Schneider Electric, Conductix-Wampfler USA, Uesco Cranes, The Rowland Company, Hoosier Crane Service Company, Eastern Electric Corporation, Siemens AG, and Magnetek Inc.