Global Load Cell Industry valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2025. The Load Cell Industry is continuously growing in the global scenario at significant pace. The load cell is basically a transducer which is used to create an electrical signal whose magnitude is directly proportional to the force which is being measured. A load cell is considered as a critical instrument which has the ability to measure impact of force by converting it in to electrical signals. Escalating investments in industrial automation technologies, surging utility of load cell in automotive assembly lines, construction, logistics and metal & mining industries are the substantial driving factors of the Industry during the forecast period. Moreover, rising demand for digital load cells is the factor which likely to create numerous opportunity in the Industry during the forecast period. However, high cost associated with load cell and decreasing demand of analog load cells are the factors that limiting the Industry growth of Load Cell across the globe.
The regional analysis of Global Load Cell Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of Industry share due to prolonged utilization of these cells in the automotive, oil & gas and mass material handling enterprises in the region. Further, Asia-Pacific is estimated to grow at stable growth rate in the global Load Cell Industry over the upcoming years. North America is also anticipated to exhibit higher growth rate/CAGR over the forecast period 2019-2025 due to rising demand from the healthcare & defense industries in the region.
Load Cell Industry Share and Size by 2019-2025
Load Cell Market Segmentation:
* Shared Beam
* Automotive & Transportations
* Oil & Gas
* Industrial Manufacturing & Material Handling
* Defense and Aerospace
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Load Cell Market are as follows:
Flintec Group AB
Futek Advanced Sensor Technology
Honeywell Sensotec -Lebow
Hottinger Baldwin Messtechnik GmbH
Humanetics Innovative Solutions
National Scale Technology
Novatech Measurements Ltd.