Press release
Compression Load Cells Market Size & Share - Industry Trends and Forecast 2018 - 2026
The objectives of this study are as follows:
To define, describe, and forecast the "Compression Load Cells" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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A load basically works as a transducer that converts force or weight into equivalent electrical signals. It is a device that measures weight or force for a various different applications. It is an immensely accurate device that measures compression, tension, bending, or shear forces. Within the load cell device structure the designers of the device has designed an area that are designed to be stressed when a force is applied. Most of the load cells implement strain gauge technology in its load cell device. This technology is a proven and well established technology. Usually metal foils are used to manufacture strain gauges and these metal foils are bonded in the areas where the stress is to be applied. Under normal regulated voltage when the load, stress or force is applied, an equivalent electrical output signal proportional to the force or strain is obtained. This electrical output signal is in few mV and requires amplification before directly displaying it to the user. There are many types of load cells are available from different manufacturers used in various applications. One of the type is compression load cell. Compression load cell is designed for the measuring of pressure (pushing force) or compression only. Compression load cell is a block designed to hold a load at a point in order to measure the compressions. It measures a pushing force and is generally placed beneath the object that is to be measured. These compression load cells are ideal for general weighting applications, particularly in vessel and silo weighting. In laboratories, these load cells are considered as a standard for general pressure measurement application. Compression load cell measurement capacities ranges from 50kg to 5 tons, and accuracy up to +/- 0.1%
The global market for compression load cell is driven by the rising investment in industrial automation technologies and increase use of compression load cells in automotive assembly lines, logistics and R&D applications. Availability of digital compression load cells along with wireless features and advance software features required in specialized applications requiring precision signals would further accelerate the compression load cell market. However increase cost of raw materials and rising regulatory obligations for high quality industry rated material can further increase the cost of production that can hinder the growth of compression load cell market.
The compression load cells market can be segmented into by type, technology and end-use industry. By technology, the compression load cells can be segmented into analog and digital. By type, compression load cell can be bifurcated into S beam load cell, Z beam load cell, column load cell, annular load cell, force washer load cell and others. By end-use industry, the compression load cell market can be segmented as agriculture equipment, oil & gas, aerospace & defense, automotive, retail, healthcare and bulk material handling.
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By Geography, compression load cell market can be bifurcated as North America, Europe, Asia Pacific, Middle East & Africa (MEA) and South America. Europe is expected to hold the largest market share due to increasing demand for industrial weighting equipment’s in this region and manufacturing firms are migrating towards more automated systems.
Some of the well-established and recognized players in the manufacturing of compression load cells are Honeywell International Inc., Flintec Group AB, Vishay Precision Group Inc., FUTEK Advanced Sensor Technology Inc. , Hottinger Baldwin Messtechnik GmbH, OMEGA Engineering Inc., Zhonghang Electronic Measuring Instruments Co. Ltd., , Novatech Measurements Ltd., Precia Molen ., Thames Side Sensors Ltd., Mettler Toledo International Inc., and so on. These major player are looking forward to offer more features such as overload protection, extended temperature tolerance, longer service life and durability in order to gain competitive advantage among its peer.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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