Load Cells Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023

Load cell devices, a critical instrument which measures impact of force by transforming it in to electrical signals, is widely used in weighing devices, both analogous and electronic. The growth in market is driven by increasing competition due to rise in number of players both in international and domestic markets. The technological advancement made in the field of transducers, which have helped minimize the instrumental errors have further helped in boosting the growth. The load cells market products is diversified, and varies depending on the technology and application of the devices. Companies making load cells are showing fluctuating but rising revenues, with majority of sales coming from electronic scales, which are in high demand.

In attempt to ensure their market dominance, large manufacturers are taking over small companies, a strategy widely followed, after facing stiff competition from small manufacturers from Asia-pacific markets. These new entrants are providing cheap and competitively priced devices, which has forced big players to look for alternate growth opportunities.

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Among all regional markets, Europe contributes the largest share, followed by US. Emerging markets, such as Asia-pacific, too are showing healthy growth and are among the fastest growing markets, due to growing economy and technological developments. Of all product categories, though Single Point Load Cells constitute the largest share of load cells market, the categories such as Dual Shear and S Type Beam Load Cells, are growing at relatively higher CAGR, with demand coming from measuring devices in medical sector.

The major opportunity for companies to support their growth lies in research and development for through product innovation and made-to-order devices, as market is experiencing demand for smarter and miniature versions of lead cells. Alternate, business strategies would require companies to develop and restructure their manufacturing process for optimal productivity with minimal operations cost. In all, success of any load cell market player would depend on its ability to provide custom-made products with efficient customer care and after sales service, all integrated with new product developments and technology innovation.

Some of the market players in this industry segment are Flintec Group AB, Sweden; PCB Piezotronics Inc., USA; Zhonghang Electronic Measuring Instruments Co. Ltd. (ZEMIC), China; Hottinger Baldwin Messtechnik GmbH, Germany; Interface Inc., USA; Keli Electric Manufacturing (Ningbo) Co. Ltd., China; National Scale Technology, USA; Novatech Measurements Ltd., UK; Rice Lake Weighing Systems, USA; Thames Side Sensors Ltd., UK; Vishay Intertechnology Inc., USA; Honeywell Sensotec-Lebow, USA; Yamato Scale Co. Ltd., Japan; FUTEK Advanced Sensor Technology Inc., USA and others.

These load cells are widely categorized in to following types, based on the technology and application.
"S"-type
Dual-shear
Single-point
Shear-beam
Bending- beam
Digital/smart load cells

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