openPR Logo
Press release

Global Load Monitoring Systems Market Expected to Experience Bolstering Sales during Forecast Period, 2019 to 2027

09-10-2019 12:33 PM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Global Load Monitoring Systems Market Expected to Experience

Fact.MR has published a new research report on global load monitoring systems market sizes, upcoming industry trends and growth opportunity through 2019-2027 to its online database that tries to unveil the various scenarios prevailing in the load monitoring systems market. This assessment delivers a smart compilation of primary and secondary data which provides a clear insight about the future plans expected to impact the load monitoring systems market. This study comprises of prominent data which makes it a beneficial source for investors, analysts and industry experts to acquire necessary knowledge associated to the fundamental market trends, opportunities and growth drivers.

Request For a Sample Report -

With the increasing presence of small- and medium-sized businesses with revenues less than US$ 10 million, the load monitoring systems market is expected to remain fragmented. Multipronged benefits of employing load monitoring systems has intensified the competition among local as well as global players in the market. These players are taking up aggressive expansion strategies, as increased automotive production, rapid industrialization, and energy demand continue to bolster adoption of load monitoring systems market.

Notable developments in the load monitoring systems market:

Spectris, a leading productivity-enhancing instrumentation and controls company in the load monitoring systems market, announced in April 2018 the merger between Brüel & Kjær Sound & Vibration – a Danish electronics company – and its subsidiary HBM. The new company named HBK will be dedicated to providing combining sensors, integrated offering, data acquisition, preparation, evaluation and engineering services into one solution in the domains of propulsion, safety and noise, durability, vibration and harshness.
DLM Ltd., a U.K.-based company in the load monitoring systems market, announced the launch of a new innovative range of wireless electronics in January 2019. With the release of TW-3.0, which is a multi-functional load monitoring system designed to integrate load cells, proximity sensors, encoders, etc., DLM is introducing innovation in their product range by developing their own electronics.
HBM, a subsidiary of Spectris and manufacturer of products for test and measurement, announced in July 2018, the launch of its new product in the load monitoring system market. With the launch of its new C6B force transducer, which is a load cell, the company has introduced a flexible and cost-effective load monitoring solution for rugged and dynamic applications. The company also declared that the C6B force transducer is capable of measuring a load of large constricting forces ranging from 200 kN to 10 MN.
Vishay Precision Group, Inc., a U.S.-based manufacturer of resistive foil technology, sensors, and sensor-based load monitoring systems, announced in January 2019 that it has partnered with Bridge Diagnostics, Inc. (BDI), a structural instrumentation company, for the sale of its products under its brand Micro-Measurements® on GSA Advantage – the U.S. General Services Administration portal. By offering Micro-Measurements products on the GSA Advantage portal, the company aims to leverage the online shopping and ordering portal for connecting with thousands of contractors and vendors and gaining access to millions of cost-effective goods.
Spectris, Flintec, Precia Molen, Mettler Toledo, Vishay Precision Group, Wirop Industrial Co., Ltd., Strainsert, Futek Advanced Sensor Technology, Tecsis, Eilersen Electric Digital Systems A/S, and Euroload Ltd. are among the prominent stakeholders in the load monitoring systems market.

Energy consumption has witness a marked rise in line with rapid urbanization activities, resulting in a significant energy crisis worldwide.. In 2017, the industrial sector accounted for more than one-third of the total energy consumption in the United States, according to the U.S. Energy Information Administration (EIA). This has led the industrial sector to concentrate on reducing fossil fuel consumption, in turn creating demand for load monitoring systems.  As energy optimization and management becomes an important part of modern business strategies, triggered in part by increased prices charged by utility providers. Moreover, plummeting availability of natural resources highlights the importance of efficient energy management for industry players to limit production costs. Thereby, growing needs for mitigating industrial energy consumption by implementing energy management systems is fuelling growth of the load monitoring systems market. 

Have Any Question? Ask Our Industry Experts –

The availability of a wide range of state-of-the-art alternatives to various products is intensifying competition in almost every industrial sector. The heightened pressure of improving the product quality is forcing manufacturers are seeking ways to mitigate manufacturing errors and improve the quality of end-products. Load monitoring systems can aid manufacturers in reducing operational or instrumental errors and enhance the performance characteristics of their electric distribution systems. Thereby, a mounting number of end-users are employing load monitoring systems for attaining more precision and accuracy in manufacturing high-quality products. 

Contact Us
11140 Rockville Pike
Suite 400, Rockville, MD 20852
United States

About FactMR

FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Load Monitoring Systems Market Expected to Experience Bolstering Sales during Forecast Period, 2019 to 2027 here

News-ID: 1831556 • Views: 243

More Releases from Fact.MR

Uncertainty Surrounding COVID-19 to Shave-off Growth in Electrical Steel Market …
The global electrical steel market has utilized the opportunities in the market over the last decade with sales of electrical steel pegged at US$ 20.4 Bn in 2019. However, sales are set to plummet during in the middle two quarters of 2020 owing to COVID-19. In addition, several automakers have shuttered their production units, causing incalculable loss to the electrical steel market in 2020. However, the demand of electrical steel
07-02-2020 | Health & Medicine
Medical Device Contract Manufacturing Market Set for Strong Growth, Production F …
The medical device contract manufacturing market is poised to expand at a CAGR of 11.3% during the forecast period (2020-2026). This is attributed to rapidly evolving healthcare industry and increasing adoption of technologically advanced surgical procedures. A number of original equipment manufacturers (OEMs) and contract manufacturers have been focusing on advanced technologies such as robotics, 3D-printing, and minimally invasive surgeries. Mergers & acquisition activities among leading players have greatly accelerated
06-02-2020 | Health & Medicine
Fluid Management Market Expected to Grow Amid Covid-19, Finds Fact.MR
Growing prevalence of chronic disease and an expansion in numbers of geriatric population is leading to an upward facing growth curve for global fluid management market over the period of 2020 to 2025, states Fact.MR. It projects a compound annual growth rate or CAGR of about 5.3% for the market over this period, helping the market push its worth up significantly. It is significant to note here that while number of
Hand Sanitizer Market to Surpass US$ 2.8 Bn, Instant Hand Sanitizer Poised to Ho …
The global hand sanitizer market is set to surpass a value of ~US$ 1.4 Bn in 2020 and is anticipated to cross US$ ~2.8 Bn during the forecast period 2020-2030. The demand for gel-based sanitizer is on the rise as compared to foaming or spray sanitizer. Thus, manufacturers are focusing on developing gel-based sanitizers as they are widely used in multiple end-use industries. With the increased penetration of the online

All 5 Releases

More Releases for Load

Global Load Bank Resistors Market Insights, Forecast
Load bank resistors are at the heart of a resistive load bank. These powerful heating elements form a network of resistors absorbing a load from a generator, battery or other power source. The Load Bank Resistors market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. Get sample copy of the report: Table
Global Load Sensing Valves Market Sizes 2019
Castleton, Los Angeles,February 18, 2019 (satprnews) - QYResearch is a leading market research publisher which pursuits high product quality with the belief that quality is the soul of business and consulting group has accumulated creative design methods on many high-quality markets investigation and research team with rich experience. The global Load Sensing Valves market is valued at million US$ in 2018 is expected to reach million US$ by the end
Global Load Break Switch Market Research
Global Load Break Switch Market is projected to reach USD 3.16 Billion by 2023, at a CAGR of over 6%. The factor propelling the growth of the market are growing power generation sector, growing technological advancements, growing investments in power distribution sector and refurbishment of aging electrical infrastructure. Based on voltage, the market has been segmented into Below 11 kV, 11–33 kV and 33–60 kV. The 11–33 kV segment is
Load Cell Market Key Player Analysis By Single Point Load Cell, Compression Load …
The Load Cell Report consists of all the basic information regarding the Load Cell market. The all-inclusive report will aid users to understand the market current trends, industry growth drivers, share, analysis, size, production, forecast trends, supply, sales, demands, and many other aspects. The analysis was accomplished using an objective amalgamation of primary and secondary data including contributions from major participants in the market. The global Load Cell report is
Load Bank
Load banks offer one of the most flexible ways to validate critical power systems and components. Load bank testing of power systems includes validating the operational conditions and output of electrical power systems such as generators, gas turbines, transformers, HVAC systems, UPS, batteries, and relays in various industries like oil and gas, power, healthcare, marine and defense, and telecom. It is also very effective in reducing wet stacking problems, removal
Global Unit Load Device Market
Global Unit load device Market: Drivers and Restraints: The global unit load device (ULD) market is primarily driven by the increasing usage of wide-body aircrafts. The standardization of containers globally has enhanced cargo handling thus involving low operational costs of ULD, thus drives the global unit load device market. The easy loading and unloading of cargo features propels the consumptions of ULD. The pellets are available in cheaper costs as compared