Global Load Cell Market was valued US$1.99 Bn in 2017 and is anticipated to reach US$2.70 Bn by 2026 at a CAGR of about 3.4 % during a forecast.
The report on “Load Cell” is segmented by Technology, by Type, and by region. Based on Technology Load Cell Market is divided into Analog Load Cells and Digital Load Cells. Based on Type Load Cell Market is bifurcated into Single-point, S-type, and Shear Beam. Based on End-User Load Cell Market is divided into Healthcare, Agriculture Equipment, Aerospace & Defense, Automotive, Oil &Gas, Bulk Material Handling, and Retail. Regionally into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Load Cell is mostly demand in the healthcare industry. Medical devices and equipment including implantation pumps, dialysis machines, and surgical instruments among others are expanding the interest for load cells. The key factor behind the augmenting usage of load cells in the medical and healthcare industry is a development of hemodialysis machines including home haemodialysis (HHD). It usually drove by developing patient populace, substitution of existing HHD machines among others. HHD machines serve just one patient but increase the requirement to expand interest for load cells. Load Cell Market shows sustainable growth in testing applications across the aviation and the aerospace industries across the world.
Analog load cells segment is dominating the Load Cell Market. According to 2015, an analog load cell is accounted to a dominant revenue share of more than 80% in the Market. However, in the upcoming years, the demand for digital load cells is expected to increase remarkably in heavy lifting applications in the forecasting period.
Single Point Load Cell segment is dominating the Load Cell Market. These Single Point Load Cell hold much more processing power at US$ Million in 2017 and is projected to reach US$ Million by 2025. Also, hold highest CAGR during the forecast period.
Automotive, oil and gas, and mass material handling enterprises are accounted the largest Market share in Europe owing to the prolonged utilization of these cells. While North America is the fastest-growing regional Market for load cells in the field of healthcare, defense, and the oil and gas sectors.
Europe holds the major share of Load Cell. Europe is expected to grow at high CAGR during the forecast period. The high usage of these cells in the oil and gas, automotive, aerospace and defense, and bulk material handling industries has been boosting this regional Market substantially. According to 2015 record, Europe Market for load cells contributed US$561.2 Mn in revenue. The second largest and fast-growing regional Market for load cells is North America. The U.S. is expected to lead the North America Market for load cells and followed by Mexico and Canada. Also Asia Pacific Market for load cell shows healthy growth over the next few years.
Honeywell International Inc., Vishay Precision Group Inc., Hottinger Baldwin Messtechnik GmbH, Flintec Group AB, OMEGA Engineering Inc., FUTEK Advanced Sensor Technology Inc., Zhonghang Electronic Measuring Instruments Co. Ltd., Yamato Scale Co. Ltd., Novatech Measurements Ltd., Thames Side Sensors Ltd., Mettler Toledo International Inc., Precia Molen, Flintec Group AB, Honeywell
Scope of the Global Load Cell Market
Global Load Cell Market by Technology:
• Analog Load Cells
• Digital Load Cells
Global Load Cell Market by Type:
• Shear Beam
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