As per the report “Low Pressure Molding Machine Market By Type ( Auto type, Semi-auto type ), By Application ( Electronics, Automotive, Appliance ), Estimation & Forecast, 2017 – 2022″ In 2016, the electronics segment garnered the highest revenue share in the global low pressure molding machine market. Among major regions, Asia-Pacific was the highest revenue generating market, holding nearly 40% of the market share, in 2016.
“Low pressure molding machines offer a quick and easy process of encapsulating or sealing the components as compared to the traditional potting process. It is an environment friendly process as the molding machine utilizes eco-friendly polyamides as the sealing agents. Low pressure molding machines have proved to a cost-effective and sustainable solution to the pre-existing cost bearing problems.”
To know more about the report, visit at https://www.esticastresearch.com/market-reports/low-pressure-molding-market
Electronics segment emerged out as the torch bearer and is expected to continue to do so during the forecast period
Electronics is one of the most intensive industry where low pressure molding is found to be very beneficial and is highly used for a variety of applications. With a rapid boom in the electronics industry, the need for electronic manufacturers to effectively protect the fragile parts that make up their products grows as well. Low pressure molding involves less time, lower temperatures, requires little pressure, avoids moisture, and protects the encapsulated component. Low pressure molding reduces the failure rates, the most critical parameter in the mobile phone battery industry. It provides environmental protection from dust, moisture, and vibration.
Low pressure molding machines to witness a surging demand due to its ability to encapsulate delicate components
There are several delicate electrical or automobile components that break during their encapsulation. Low pressure molding machines apply low pressure while injecting the hot melt into the cavity, allowing the cavity to be filled slowly without experiencing any pressure. The exertion of low pressure on the component allows it to stay intact and get encapsulated or sealed. Such peculiar characteristic of these machines is expected to fuel the growth of the low pressure molding machine market in the upcoming years.
Asia-Pacific accounted for the largest market share for global low pressure molding machine market, owing to the industrial boom
Asia-Pacific held nearly 40% market share, in terms of revenue, of the global market. It is expected to maintain its lead and grow with an impressive CAGR of 3.8% during the forecast period. Asia pacific represents more than 30% of the global
semiconductor market. Moreover, the rapidly growing automobile industry in countries such as India, Japan and China, will put forward a huge requirement of semiconductor based electronic circuits, which eventually, will provide a huge platform for the growth of low pressure molding machine market. With the growth of population, advanced consumer electronics and automation, a considerable demand for electronic appliances such as power boards, machine chips and other computer devices is expected to boost the growth of low pressure molding machine market in the region.
Request Sample@ https://www.esticastresearch.com/market-reports/low-pressure-molding-market/request-sample
KEY FINDINGS OF GLOBAL LOW PRESSURE MOLDING MACHINE MARKET, 2012-2022
• In 2016, the semi-auto type segment gained the highest market share. However, auto type segment is anticipated to grow with the highest CAGR of 3.4% during the forecast period.
• The low pressure molding machines are expected to witness a declining price trend during the forecast period.
• Asia-Pacific led the global low pressure molding machine market in 2016, in terms of revenue, by holding nearly 40% of the total share.
Some key market players are LPMS, OptiMel, MoldMan Systems, Long Shine and Winstar.
About Us
Esticast Research & Consulting is a research firm providing research reports on various industries with a unique combination of authenticity, extensive research, and infallibility. We provide syndicated market research reports, customization services, and consulting services to help businesses across the world in achieving their goals and overcoming complex challenges. We specialize in providing 360 degree view of the markets to assist clients in determining new opportunities and develop business strategies for the future with data and statistics on changing market dynamics. Esticast Research & Consulting Market Research has expert analysts and consultants with an ability to work in collaboration with clients to meet their business needs and give opportunities to thrive in a competitive world. A comprehensive analysis of industries ranging from healthcare to consumer goods and ICT to BFSI is provided by covering hundreds of industry segments. The research reports offering market forecasts, market entry strategies, and customer intelligence will help clients across the world in harnessing maximum value on their investment and realize their optimum potential.
Contact
Esticast Research & Consulting
S. No.8/2A/1, Vitthal Heights, Above Yashwant, Kharadi, Pune-411014
Tel: +91-20-65606016
Email: help@esticastresearch.com
Web: www.esticastresearch.com
