Press release
New Study: 2017-2026 Global Load Cell Industry Trend and Forecast Report
Market Scenario:According to Stratistics MRC, the Global Load Cell Market is accounted for $5.14 billion in 2017 and is expected to reach $8.14 billion by 2026 growing at a CAGR of 5.2% during the forecast period. Factors such as growing need for load cells from healthcare sector, load cells used for testing applications across the aviation and the aerospace industries are some of the key factors fuelling the market growth. However, stagnant economic conditions are the major factors hampering the growth of the market. Moreover, rising demand for digital load cells in heavy lifting industry will create new growth opportunities for market in the near future.
Load cell is a type of transducer which performs the functionality of converting force into an electric output which can be measured. You can find load cell at the heart of any weighing machine or electric scales. This type of transducer is highly accurate which provides user with required information that is difficult to obtain by other technology owing to certain commercial factors. The strain measurement by load cells helps in maintaining integrity of the unit under pressure and protects people and equipment nearby.
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Top Industry Players:
Some of the key players profiled in the global Load Cell Market include Flintec Group AB, Honeywell Sensotec-Lebow, Humanetics Innovative Solutions, FUTEK Advanced Sensor Technology, Inc., Hottinger Baldwin Messtechnik GmbH, PCB Piezotronics Inc., Interface Inc., National Scale Technology, Novatech Measurements Ltd., Keli Electric Manufacturing (Ningbo) Co. Ltd., Vishay Precision Group Inc., OMEGA Engineering Inc., Thames Side Sensors Ltd., Yamato Scale Co. Ltd., Mettler Toledo International Inc., Precia Molen, Zhonghang Electronic Measuring Instruments Co. Ltd, MinebeaMitsumi, Spectris, ZEMIC, Rice Lake Weighing Systems and LAUMAS Elettronica.
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Market Segments:
By technology, digital load cells segment is poised to witness significant growth due to the increasing demand for precision weighing, especially in heavy lifting applications. By geography, Europe has accounted the largest market share owing to the prolonged utilization of these cells in the automotive, oil and gas, and mass material handling enterprises. North America is the fastest-growing regional market for load cells due to the rising demand for these cells from healthcare, defense, and the oil and gas sectors.
Technologies Covered:
• Digital Load Cell
• Analog Load Cell
Load Cell Forms Covered:
• Beam
• S-Beam
• Button
• Ring
• In-line
• Canister
• Pancake
Types Covered:
• Torsion load cell
• Dual Shear
• Shear beam
• Tension load cell
• S-type
• Smart load cell
• Single point
• Bending beam
End Users Covered:
• Automotive & Transportation
• Constrution
• Retail
• Aerospace & Defense
• Industrial Manufacturing & Bulk material handling
• Healthcare
• Oil & Gas
• Agriculture Equipment
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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.
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