Digital Load Cell Market May Set New Growth Story | Spectris, Vishay Precision, Mettler Toledo

The digital load cell is used to convert the analog output signal to the digital output signal. It has numerous application in the filling, sorting machines, packaging, checkweighers, and others. Digital load cell market has high growth prospects owing to rising demand from the electronics, automobile, aerospace, and other industries. In addition, rising demand from the developing economies and technological advancement in the load cell technology such as strain gauge technology expected to drive the demand for digital load cell over the forecasted period.

Market Drivers

• Rising Demand for the High Accuracy Digital Load Cell

• Emergence of Digital Load Cell with Strain Gauge Technology

Market Trend

• Increasing Application in the Aerospace Industry

• Technological Advancement in the Load Cell Technology

Restraints

• Stringent Government Regulations Regarding Digital Load Cells

Opportunities

• Increasing Demand for Precision Weighing Techniques for Heavy Lifting Applications

• Rising Demand from the Developing Economies Owing to Growing Industrialization

Challenges

• Lack of Awareness in the Low and Middle Income Group Countries

• Availability of Substitute Products

Competitive Landscape:

Some of the key players profiled in the report are ZEMIC (Netherlands), Spectris (United States), Vishay Precision Group (Israel), Mettler Toledo (United States), MinebeaMitsumi Inc. (Japan), Keli Electric Manufacturing Co., Ltd. (China), A&D (Japan), Honeywell (United States), FUTEK Advanced Sensor Technology, Inc. (United States), Yamato Scale Co., Ltd. (Japan) and Interface, Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like PCB Piezotronics, Inc. (United States), Flintec (Sweden), Group Four Transducers, Inc. (United States) and HBM (Germany). Analyst at AdvanceMarketAnalytics see United States Manufacturers to retain maximum share of Global Digital Load Cell market by 2024. Considering Market by Industry Vertical , the sub-segment i.e. Electronics will boost the Digital Load Cell market. Considering Market by Distribution Channel , the sub-segment i.e. Online Retail will boost the Digital Load Cell market.

Market Highlights:

4th June 2019, Group Four Transducers, Inc. provider of load cell technology launched new products in their digital load cell product portfolio for check weighing and high-speed filling applications.

“International Organization of Legal Metrology (OIML) published a revised recommendation for the metrological regulation of load cells referred to as R60. The new methods for load cell-testing process are mentioned in the recommendation which is typically performed by laboratories on behalf of their member state governments.”

Available Customization:

Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**

** Confirmation on availability of data would be provided prior to purchase

Research Methodology:

The top-down and bottom-up approaches are used to estimate and validate the size of the Global Digital Load Cell market.

In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Digital Load Cell market.

In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.

Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Digital Load CellManufacturers, Digital Load CellDistributors/Traders/Wholesalers, Industry Association, Downstream Vendors and Others.

This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.

Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.

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