Press release
Load Moment Indicator Market Size, Share, Development by 2023
Load moment indicator means a system which aids the equipment operator by sensing (directly or indirectly) the overturning moment on the equipment, i.e., load multiplied by radius. It compares this lifting condition to the equipment's rated capacity, and indicates to the operator the percentage of capacity at which the equipment is working. Lights, bells, or buzzers may be incorporated as a warning of an approaching overload condition.
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Global Load Moment Indicator Market: Forecast by Type / Application / Region
In the coming years there is an increasing technology breakthrough for load moment indicators in the regions of North America and Europe that is expected to drive the market for more advanced load moment indicators. Increasing of construction and industrial used fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of load moment indicators of APAC will drive growth of the global market.
Globally, the load moment indicators industry market is an oligopoly as the manufacturing technology of load moment indicators is relatively high. And some enterprises, like Wika, Rayco-Wylie and Yichang Jinglian etc. are well-known for the wonderful performance of their load moment indicators and related services. At the same time, Asia-Pacific, occupied 66.98% sales market share in 2017, is remarkable in the global load moment indicators industry because of their market share and demand of load moment indicators.
According to this study, over the next five years the Load Moment Indicator market will register a 0.7% CAGR in terms of revenue, the global market size will reach US$ 95 million by 2024, from US$ 92 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Load Moment Indicator business, shared in Chapter 3.
Global Load Moment Indicator Market: Key Players
Wika
Rayco-Wylie
Yichang Jinglian
TWG Dover
Parker Electronic Controls
Cranesmart Systems
Weite Technologies
Suns Technology
Wylie Indicators
Shanghai Xiya
Keli Sensing
Wide Technology
Yichang Wanpu
Chengdu Hi-Tech Crane Safety
Markload Systems
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Related Information:
United States Load Moment Indicator Market Research Report 2018
Europe Load Moment Indicator Market Research Report 2018
North America Load Moment Indicator Market Research Report 2018
Asia-Pacific Load Moment Indicator Market Research Report 2018
China Load Moment Indicator Market Research Report 2018
EMEA Load Moment Indicator Market Research Report 2018
Global Load Moment Indicator Market Research Report 2018
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