An Injection molding machine is a machine for manufacturing plastic products by injection molding process, also known as an injection press. It comprises of two main parts, an injection unit and a clamping unit. All-electric injection molding machines function with digital control systems. Its main components are mechanically driven, which run with a high level of consistency. It is designed to use electromechanical actuators to remove fluid power (control valves, hydraulic pumps, and actuators) from the machine. It reduce improve control, energy consumption, and increase productivity over the conventional hydraulic technology. These benefits are widely touted by all-electric machine manufacturers based on generic mold testing & client testimonials.
The key energy benefits are included reduced energy consumption during idle operation, elimination of frictional & internal leakage losses within hydraulic lines and reduced cooling requirements. In addition, some of the non-energy key benefits are included improved consistency, improved control, cleanliness, elimination of hydraulic fluid, reduced cycle time, high speed and improved working environment.
According to study, “World All-Electric Injection Molding Machine Market Research Report 2024(Covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world all-electric injection molding machine market are Sumitomo (SHI) Demag Plastics Machinery GmbH, Engel Austria GmbH, Toshiba Corp., Toyo, Nissei Plastic Industrial Co. Limited, Arburg GmbH & Co. KG,, LS Mtron, Niigata, Fanuc, Negri Bossi, JSW Plastics Machinery, Wittmann Battenfeld, KraussMaffei, Woojin Plaimm, Mitsubishi, Milacron Holdings Corp., UBE Machinery, Victor Taichung, Stork, Chen Hsong Holdings Limited, Haitian International Holdings Limited,, Mistubishi, Donghua, Borch, GSK, Shuangma, Yizumi. The key manufacturers are focusing on developing equipment that decrease production & maintenance costs, reduce wastage & production time and provide production flexibility.
Based on type, all-electric injection molding machine market is segmented into heavy type (>1000T), medium type (30 T~1000T) and light type (<30 T). Based on application, market is segmented into auto parts, insert molding, ceramic components, thin-walled or specialty plastics products and Packaging products enterprises (such as plastic bottles). In addition, based on end-use, market is segmented into consumer electronic, food & pharmacy, defense & aviation, home appliances and automobile industry.
The all-electric injection molding machine market is driven by high demand from packaging industry, followed by growth in automotive industry, advancement in injection molding technology, rise in industrialization, increase in strength of injection molds along with good product consistency, advanced processing capabilities, growth in infrastructure, increase in research & development (R&D) initiatives, rapid urbanization, and increase in awareness about energy saving. However, high initial tooling & machinery cost, part design restrictions and growth of bio-based polymers may impact the market. Moreover, rise in demand from healthcare industry is a key opportunity for market.
Based on geography, Japan and China countries holds major share in all-electric injection molding machine market owing to increase in demand from automotive & electronic industry, rise in population and growth in end-user industries in the countries. EU and USA are expected to witness higher growth rate due to highly skilled workforce and presence of advanced infrastructure & technology over the forecast period. It is anticipate that future of the market will be bright on account of high adoption of technology coupled with production costs of developed processes over the forecast period.
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Ankur Gupta, Head Marketing & Communications