The Global Market for Load Cells is Projected to Exceed US$1.8 Billion by 2022

Product Innovations & Rising Investments in Industrial Automation Technologies Drive Demand for Load Cells, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Load Cells market. The global market for Load Cells is projected to exceed US$1.8 billion by 2022, driven by rising investments in industrial automation technologies; increasing use in automotive assembly lines, logistics, and for weighing construction materials; streamlining of production cycle in metal industry; and perpetual use in the mining sector.

Load cell, a force transducer that is designed to convert weight or force into an electrical signal, is the most vital component of a standard weighing system. Load cell systems can seamlessly measure torsion/torque load, electrical force, temperature, levelness, and power required for weighing, pumping, mixing, cutting, grinding, and controlling. Load cells form an integral part of industrial weighing scales, weigh platforms, weighbridges, tensile testing machines, and dynamometers, and typical applications for load cells in industrial environments include weighing of tanks, vehicles, vessels, silos, conveyors, quality control, R&D testing, fatigue testing, and crane performance monitoring among others. For addressing the weight and force measurement needs of end-customers, various load cell platforms such as Single Point, Shear Beam, Dual Shear, Bending Beam, ‘S’ Type Beam, and Smart or Digital Load Cells are available. Load cell systems are also available with novel enclosure designs integrated with IP-ratings, NEMA specifications, high-grade stainless steels, and hermitical sealing to enhance the durability and ingress protection of the system. Similarly, load cells are also offered with low-maintenance features, extended temperature tolerance range, greater accuracy, superior overload protection, and longer service life features, encouraging the adoption of these devices in a multitude of applications ranging from everyday applications to highly demanding and hazardous area applications. An ongoing trend in the load cell market is the availability of advanced software and wireless features, which are further augmenting the appeal and addressable market of these solutions.

Load cells market has been a witness to significant levels of innovation in recent years focused on system design, features and functions. While the primary focus of product innovation remains on improving the functional features, there has been a tremendous effort from load cell manufacturers towards augmenting load cell enclosure designs. The growing regulatory obligations are pressurizing load cell manufacturers to innovate the enclosure designs with industry rated and high-quality materials. An ongoing trend in the global load cell market is the growing proliferation of load cells with hermetical sealing. Hermetically sealed load cells leverage sophisticated welding techniques and ultra-thin metal seals, to effortlessly withstand the impact of washdown applications and harsh chemicals. Digital load cells, with their ability to process the signal in a more faster and precise manner, are being preferred in certain specialized applications that require high and stable signal range. Digital load cells use an integrated microprocessor to convert the analog electrical voltages into digital format and are typically characterized by high signal strength and stable signal range that is less sensitive to fluctuations.

As stated by the new market research report on Load Cells, Europe represents the largest market worldwide. Trailing a CAGR of 5.8% over the analysis period, Asia-Pacific ranks as the fastest growing market. Demand for industrial weighing equipment including load cell platforms is rapidly evolving in the region with consumers migrating towards automated systems. Also driving growth in the region is the expansion of infrastructure for mining, manufacture, warehousing, construction, and shipping.

Major players covered in the report Flintec Group AB, FUTEK Advanced Sensor Technology, Inc., Honeywell Sensing and Control, Hottinger Baldwin Messtechnik GmbH, Interface, Inc., Keli Electric Manufacturing (Ningbo) Co., Ltd., Measurement Specialists and National Scale Technology, Novatech Measurements Limited, PCB Piezotronics, Inc., Rice Lake Weighing Systems, Thames Side Sensors Limited, Vishay Precision Group, Inc., Yamato Scale Co., Ltd., and Zhonghang Electronic Measuring Instruments Co, Ltd. among others.

The research report titled “Load Cells: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and strategic industry activities of global companies. The report provides market estimates and projections for Load Cells in US$ for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific and Rest of World.

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