Indispensability of Load & Strain Measurement in Myriad Industrial & Commercial Operations Coupled With the Growing Trend Towards Industrial Process Automation to Spur Demand for Load Cells

Ubiquitous and indispensable importance of load and strain measurement in myriad industrial and commercial operations and growing demand for sensors in industrial automation applications that depend on precise controls and measurement are poised to drive the global market for Load Cells to exceed US$2.0 billion by 2024.

Load cell, designed for measuring torque load, electrical force, temperature, levelness, and the force needed for weighing, constitutes the most crucial component of any weighing system, which consists of junction box, instrumentation, cables, and peripheral equipment. Strain gauge loads cells are the most popular category and are appropriate for majority of industrial applications. The expanding use case of weighing solutions across a range of end-use application markets including automotive, transportation and logistics, mining, construction materials, chemicals, metal processing and metal working, paper, textile, and pharmaceuticals is amplifying the demand for load cells. The market is also sensing sizeable opportunities in the form of replacement demand with end-customers across the board making investments on new generation systems in place of their conventional and worn-out weighing platforms to meet the growing performance and regulatory compliance requirements. Technology innovations infusing significant improvements in enclosure designs and sophisticated techno functional attributes are fueling the market momentum. An ongoing trend in the market is the availability of advanced software and wireless features, which are further augmenting the appeal and addressable market of these solutions. Among the various load cell segments such as bending-beam, digital/intelligent, single-point, dual-shear, S-type, and shear-beam load cells, the single point load cell market is the dominating segment.

Going forward, products engineered to provide maximum throughput with high levels of accuracy are poised to score the highest gains. Future growth will also be encouraged by developments in subminiature and miniature load cells which will find lucrative high-end applications in medical devices, aerospace, automation & robotics, and nuclear industry applications, among others. Sustained high investments on factory and process automation technologies have been key drivers of market for industrial weighing equipment including load cells, which deliver fully automated weighing functionality invalidating the need for manual or semi-manual methods for weight and force measurements in a gamut of end-use markets and applications. 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.

As stated by the new market research report on Load Cells, Europe represents the largest market worldwide. Trailing a CAGR of 4.7% over the analysis period, Asia-Pacific ranks as the fastest growing market. Focus of several countries in the region on developing infrastructure resulted in increased demand for iron, steel and coal, thus prompting major players to invest heavily in core sectors, thereby contributing to the rise in demand for weighing equipment. Growth in the market is primarily driven by growth across commodity markets, retail and manufacturing sectors.

Major players in the market include Flintec Inc., FUTEK Advanced Sensor Technology, Inc., Honeywell International Inc., Hottinger Baldwin Messtechnik GmbH, Interface, Inc., KeLi Sensing Technology (Ningbo) Co., LTD., National Scale Technology, Novatech Measurements Ltd., PCB Piezotronics, Inc., Rice Lake Weighing Systems, Thames Side Sensors Ltd., Vishay Precision Group, Inc., Yamato Scale Co., Ltd., and Zhonghang Electronic Measuring Instruments Co, Ltd. (ZEMIC), among others.

The research report titled “Load Cells – Market Analysis, Trends, and Forecasts” 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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