The Global Load Cell Market is accounted for $5.14 billion in 2017 and is expected to reach $8.14 billion by 2026 growing at a CAGR of 5.2% during the forecast period.
Factors such as growing need for load cells from healthcare sector, load cells used for testing applications across the aviation and the aerospace industries are some of the key factors fuelling the market growth. However, stagnant economic conditions are the major factors hampering the growth of the market.
Load cell is a type of transducer which performs the functionality of converting force into an electric output which can be measured. You can find load cell at the heart of any weighing machine or electric scales. This type of transducer is highly accurate which provides user with required information that is difficult to obtain by other technology owing to certain commercial factors.
By technology, digital load cells segment is poised to witness significant growth due to the increasing demand for precision weighing, especially in heavy lifting applications. By geography, Europe has accounted the largest market share owing to the prolonged utilization of these cells in the automotive, oil and gas, and mass material handling enterprises.
- Flintec Group AB
- Honeywell Sensotec-Lebow
- Humanetics Innovative Solutions
- FUTEK Advanced Sensor Technology, Inc.
- Hottinger Baldwin Messtechnik GmbH
- PCB Piezotronics Inc.
- Interface Inc.
- National Scale Technology
- Novatech Measurements Ltd.
- Keli Electric Manufacturing Co. Ltd.
- Vishay Precision Group Inc.
- OMEGA Engineering Inc.
- Thames Side Sensors Ltd.
- Yamato Scale Co. Ltd.
- Mettler Toledo International Inc.
- Precia Molen
- Zhonghang Electronic Measuring Instruments Co. Ltd
- Rice Lake Weighing Systems
- LAUMAS Elettronica
Key Topics Covered:
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Load Cell Market, By Technology
6 Global Load Cell Market, By Load Cell Form
7 Global Load Cell Market, By Type
8 Global Load Cell Market, By End User
9 Global Load Cell Market, By Geography
10 Key Developments
11 Company Profiling
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