Press release
Load Moment Indicator Market Size, Share & Growth Analysis To 2027|Wika, Rayco-Wylie, Yichang Jinglian, TWG Dover
The global Load Moment Indicator market was valued at 94.76 Million USD in 2020 and will grow with a CAGR of 1.68% from 2021 to 2027. A load moment indicator is a device that assists the equipment operator by sensing (directly or indirectly) the overturning moment on the equipment, which is defined as the load multiplied by the radius. It compares the current lifting situation to the equipment's rated capacity and displays the percentage of capacity at which the equipment is operating to the operator.In the future years, there is predicted to be a growing technological breakthrough for load moment indicators in North America and Europe, which will push the market for more advanced load moment indicators. Increased spending on construction and industrial usage fields, increased competition, new product launches, retrofitting and restoration of existing technology, and increased acceptance of load moment indicators in APAC will all contribute to the global market's growth.
Top Key Players Included in Load Moment Indicator Market Report: 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
The fast spread of COVID-19 has an influence on the worldwide economy, regardless of industry. This has resulted in a number of issues in the Load Moment Indicator business, with the majority of the market under pressure and the supply chain disturbed. Closures of factories and retail stores have a huge influence on the sector. As a result of this circumstance, the price has reduced in both the domestic and worldwide markets. The supply-demand constraint in the Load Moment Indicator industry has attracted a wave of new firms, providing them an opportunity to establish a footing in the market. Production volumes are expected to shift from China to other important nations due to changes in consumer behavior and greater anticipation of new agreements.
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Load Moment Indicator Market segment by Type:
Tower Crane
Vehicle Crane
Load Moment Indicator Market segment by Application:
Construction
Industrial
The report's geographical market research includes North America, Latin America, APAC, the Middle East, and Africa. The geographical segmentation section investigates the regional features of the market. This chapter discusses the regulatory system that will most likely impact the whole market. It investigates the market's political condition and forecasts its consequences for the worldwide Load Moment Indicator sector.
FAQs:
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2. What are the market’s top investment opportunities right now?
3. What are the market segments described in the report for the Load Moment Indicator market?
4. What are the Load Moment Indicator market’s developing regions?
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