Europe Encoder Market Size & Outlook, 2023-2030
The encoder market in Europe is expected to reach a projected revenue of US$ 1,482.3 million by 2030. A compound annual growth rate of 9.6% is expected of Europe encoder market from 2024 to 2030.
Revenue, 2023 (US$M)
$778.1
Forecast, 2030 (US$M)
$1,482.3
CAGR, 2024 - 2030
9.6%
Report Coverage
Europe
Europe encoder market highlights
- The Europe encoder market generated a revenue of USD 778.1 million in 2023.
- The market is expected to grow at a CAGR of 9.6% from 2024 to 2030.
- In terms of segment, rotary encoder was the largest revenue generating type in 2023.
- Rotary Encoder is the most lucrative type segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 778.1 million |
| Market revenue in 2030 | USD 1,482.3 million |
| Growth rate | 9.6% (CAGR from 2023 to 2030) |
| Largest segment | Rotary encoder |
| Fastest growing segment | Rotary Encoder |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rotary Encoder |
Other key industry trends
- In terms of revenue, Europe region accounted for 25.8% of the global encoder market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,198.4 million by 2030.
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Encoder Market Scope
Encoder market segmentation & scope
Signal
Incremental
Absolute
Technology
Magnetic
Inductive
Optical
Others (mechanical, laser, visual sensing technologies)
Application
Industrial
Healthcare & Life Sciences
Automotive
Consumer Electronics
Power
Food & Beverage
Aerospace
Printing
Textile
Others (Marine, Chemicals, Oil & Gas, Mining)
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Denmark
Sweden
Norway
Japan
China
India
Australia
South Korea
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Encoder Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Renishaw | View profile | 5001-10000 | Gloucester, Gloucestershire, United Kingdom, Europe | http://www.renishaw.com |
| Pilz | View profile | 1001-5000 | Safenwil, Aargau, Switzerland, Europe | http://www.pilz.com |
| Mitutoyo Corporation | View profile | - | Kawasaki, Kanagawa, Japan, Asia | https://www.mitutoyo.co.jp/eng/ |
| Heidenhain | View profile | 5001-10000 | Traunreut, Bayern, Germany, Europe | https://www.heidenhain.com |
| Balluff | View profile | 1001-5000 | Florence, Kentucky, United States, North America | http://www.balluff.com |
| ifm ecomatic | View profile | 1001-5000 | Essen, Nordrhein-Westfalen, Germany, Europe | https://www.ifm-electronic.com |
| Sensata Technologies Holding PLC | View profile | 19400 | 529 Pleasant Street, Attleboro, MA, United States, 02703 | https://www.sensata.com |
| Pepperl+Fuchs | View profile | 5001-10000 | Mannheim, Baden-Wurttemberg, Germany, Europe | http://www.pepperl-fuchs.com |
| Fortive Corp | View profile | 18000 | 6920 Seaway Boulevard, Everett, WA, United States, 98203 | https://www.fortive.com |
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