A Billion-Dollar Boom in Strain Gauges Market Motivates the Market Leaders

A strain gauge is utilized to measure strain on an object. When an external force is applied to an object, it results in deformation in the shape of the object. This deformation in the shape that is either compressive or tensile is called strain and is measured by the strain gauge. As a result, there is a change in resistance. The strain gauge is sensitive to the smallest changes that occur in the geometry of an object. By measuring the change in resistance of an object, the amount of stress can be calculated.

The strain gauge is applied in various fields such as mechanical engineering development, to measure the stress generated by machinery, in the field of component testing of aircraft like; linkages, and structural damage. Also, custom strain gauge sensing technologies are opted by original equipment manufacturers (OEMs) and their associated design and engineering personnel to achieve a greater business advantage. This increases the demand for strain gauges, thus fueling the market growth and creating future opportunities.

The market is segmented on the basis of type, application, and geography. On the basis of type, the market is bifurcated into metal strain gauge sensors and semiconductor strain gauge sensors. On the basis of application, it is classified into industrial measurement & control, weighing equipment, aerospace, cranes, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the market include HBM, HPI, HYCSYQ, KYOWA, NMB, Piezo-Metrics, Inc, TML, Vishay, Yiling, and Zemic.

Have any Query? Ask Our Experts:
https://www.alliedmarketresearch.com/request-toc-and-sample/3152?utm_source=OPR_V

Key Benefits
• Porters Five Forces model helps analyze the potential of buyers & suppliers, and the competitive sketch of the market, which is expected to guide the market players to develop strategies accordingly.
• It outlines the current trends and future scenario of the market from 2017 to 2023 to understand the prevailing opportunities and the investment pockets.
• This report provides an in-depth analysis of the global strain gauges market to identify the potential investment pockets.
• The key drivers, restrains, and opportunities are provided in the report.

Strain Gauges Market Key Segments:

By Type
• Metal Strain Gauge Sensors
• Semiconductor Strain Gauge Sensors

By Application
• Industrial measurement & control
• Weighing equipment
• Aerospace
• Cranes
• Others

By Geography
• North America
• Europe
• Asia-Pacific
• LAMEA

Key Players
• HBM
• HPI
• HYCSYQ
• KYOWA
• NMB
• Piezo-Metrics, Inc
• TML
• Vishay
• Yiling
• Zemic.

For Purchase Report Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/3152?utm_source=OPR_V

 

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.