Load Monitoring System Market - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

Load Monitoring System Market

Description:

Load Monitoring System Market by Offering (Load Cell, Indicator & Controller, Data Logging Software), Technology (Analog, Digital), Industry (Automotive, Healthcare, Marine, Construction), and Geography – PowerPoint PPT presentation

Number of Views:1
Date added: 1 July 2019
Slides: 7
Provided by: marketreports

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Load Monitoring System Market


1
MarketsandMarkets Research Private Ltd.
Presents
Load Monitoring System Market worth 3.3 billion
by 2024 with a growing CAGR of 4.0
https//www.marketsandmarkets.com/Market-Reports/l
oad-monitoring-system-market-125476126.html
2
According to the new market research report
"Load Monitoring System Market by Offering (Load
Cell, Indicator Controller, Data Logging
Software), Technology (Analog, Digital), Industry
(Automotive, Healthcare, Marine, Construction),
and Geography - Global Forecast to 2024", the
load monitoring system market is estimated to be
worth USD 2.6 billion in 2018 and is expected to
reach USD 3.3 billion by 2024, at a CAGR of 4.0
during the forecast period. The major factors
fueling the growth of the load monitoring system
market include rise in demand for load monitoring
system in healthcare, increase in use of load
monitoring system for testing and monitoring
aircraft parts, decline in instrumental errors
owing to technological innovations in load cells,
and increase in demand for remote load
monitoring. Browse gtgt 36
Market data tables 52
figures 141 pages and
in-depth TOC on Load Monitoring System Market
https//www.marketsandmarkets.com/Market-Reports/
load-monitoring-system-market-125476126.html
Early buyers will receive 10 customization on
this report. https//www.marketsandmarkets.com/P
ressReleases/load-monitoring-system.asp
3
Load cell to lead load monitoring system market
by 2024 Load cell is the most widely used
offering of load monitoring system market. The
recovery of the industrial manufacturing sector
resulting in increased industrial output and the
consequent demand for industrial weighing
equipment is expected to drive demand for load
cells across the world. Further, increased
investments in industrial automation technologies
and steady growth in demand from load monitoring
applications are the factors that are expected to
drive the demand for load cells during the
forecast period. The load cells are used in
equipment such as industrial scales, platform
scales, and universal testing machines. Based on
the working mechanism, shape, size, and capacity
of the load cell, they are classified into
various types. Analog technology to be the
largest market for load monitoring system during
forecast period Analog load monitoring is the
most widely used technology owing to its ease of
implementation and low cost. Various industries
such as food beverages, agriculture, mining,
and automotive have a high demand for analog load
monitoring system. The analog load cells use
strain gauge for measuring the strain or
compression applied by the load. In analog load
cell, the strain gauge is attached to the spring
element of the load cell. The strain gauge is the
most important component of analog load cell. The
strain gauge is constructed in sections using
thin metal pieces. The thinner the metal piece,
finer would be the readings of load.
https//www.marketsandmarkets.com/Market-Reports/l
oad-monitoring-system-market-125476126.html
4
Automotive industry to lead load monitoring
system market by 2024 The automotive industry
holds the maximum share of load monitoring system
market. Growing demand for vehicles and
increasing need to ensure timely maintenance of
vehicles are the key factors driving the demand
for load cell-based material handling machinery,
which reduce lead time and increase productivity,
in the automotive industry. Furthermore, load
monitoring system plays a vital role in measuring
tension and compression during endurance testing,
validation, verification, and qualification in
the automotive industry. The load monitoring
system plays a vital role in measuring tension
and compression during endurance testing,
validation, verification, and qualification in
the automotive industry. The applications of load
cells in the automotive industry include tire
design optimization, dynamometer, durability test
platform, component testing, structural testing,
RD, pedal force testing, seat belt tension
testing, suspension testing, center of gravity
testing, and vehicle load testing. It also helps
in maintaining the mandatory safety standards
required for the vehicle to be commercialized in
the market. Europe to be largest market for
load monitoring system during forecast
period The load monitoring system market in
Europe is mainly concentrated in Western Europe
with countries including Germany, the UK, and
France. The presence of a large manufacturing
base of automotive and aerospace industries that
cater to material handling activities drives the
demand for load monitoring system in Europe. The
construction, industrial manufacturing, and
automotive are major contributors to the load
monitoring system market in Europe. Major
players involved in the load monitoring system
market include Flintec (Sweden), Mettler Toldo
(Switzerland), Precia Molen (France), Spectris
(UK), Vishay Precision Group (US), Dynamic Load
Monitoring (UK), JCM Load Monitoring (UK), LMC
Systems (UK), Load Monitoring Systems (UK),
Straightpoint (UK), Wirop Industrial (Taiwan),
Eilersen Electric Digital Systems (Denmark),
Euroload (UK), Futek Advanced Sensor Technology
(US), Mantracourt Electronics (UK), PCE
Deutschland (Germany), Standard Loadcells
(India), Strainsert (US), Tecsis (Germany), and
Thames Side Sensors (UK).
https//www.marketsandmarkets.com/PressReleases/l
oad-monitoring-system.asp
5
About MarketsandMarkets
Research Private Ltd.
MarketsandMarkets provides quantified B2B
research on 30,000 high growth niche
opportunities/threats which will impact 70 to
80 of worldwide companies revenues. Currently
servicing 7500 customers worldwide including 80
of global Fortune 1000 companies as clients.
Almost 75,000 top officers across eight
industries worldwide approach MarketsandMarkets
for their painpoints around revenues
decisions. Our 850 fulltime analyst and SMEs at
MarketsandMarkets are tracking global high
growth markets following the "Growth Engagement
Model GEM". The GEM aims at proactive
collaboration with the clients to identify new
opportunities, identify most important customers,
write "Attack, avoid and defend" strategies,
identify sources of incremental revenues for both
the company and its competitors.
MarketsandMarkets now coming up with 1,500
MicroQuadrants (Positioning top players across
leaders, emerging companies, innovators,
strategic players) annually in high growth
emerging segments. MarketsandMarkets is
determined to benefit more than 10,000 companies
this year for their revenue planning and help
them take their innovations/disruptions early to
the market by providing them research ahead of
the curve. MarketsandMarketss flagship
competitive intelligence and market research
platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper
understanding of the unmet insights along with
market sizing and forecasts of niche markets.
https//www.marketsandmarkets.com/Market-Reports/l
oad-monitoring-system-market-125476126.html
6
Contact Us
Mr. Shelly Singh 630 Dundee Road Suite 430
Northbrook, IL 60062 Tel 1-888-6006-441Email 
newsletter_at_marketsandmarkets.com MarketsandMarket
s Bloghttp//twitter.com/marketsmarkets
http//www.linkedin.com/company/marketsandmarkets
About PowerShow.com