25-Mar-2019 | Zion Market Research
Zion Market Research has published a new report titled “Load Monitoring System Market by Offering (Load Cell, Indicator & Controller, and Data Logging Software), by Type (Analog Load Monitoring System and Digital Load Monitoring System), and by Application (Automotive, Marine, Construction, Energy, Aerospace, Healthcare, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global load monitoring system market was valued at USD 2.54 billion in 2018 and is expected to reach USD 3.36 billion by 2025, at a CAGR of 4.1% between 2019 and 2025.
The load monitoring system measures and displays weights of different objects to warn the workers in case of weight overload. These load monitoring systems are widely used for various applications across energy, construction, marine, manufacturing, and civil engineering industries. The global load monitoring system market is projected to grow rapidly over the estimated timeline, owing to the escalating product demand by the healthcare sector and the rapid technological advancements made related to the load monitoring systems. Additionally, the increasing use of these load monitoring systems for testing and monitoring of aircraft parts is also likely to impact the market growth positively.
Browse the full “Load Monitoring System Market by Offering (Load Cell, Indicator & Controller, and Data Logging Software), by Type (Analog Load Monitoring System and Digital Load Monitoring System), and by Application (Automotive, Marine, Construction, Energy, Aerospace, Healthcare, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/load-monitoring-system-market
The global load monitoring system market can be segmented into the offering, type, and application. By offering, the global load monitoring system includes load cell, indicator and controller, and data logging software. Furthermore, the load cell is divided into single beam load cell, s-type load cell, dual shear load cell, bending beam load cell, and others. Load cell offering dominated the market in 2018, due to the rising adoption of industrial IoT and automation. The indicator and controller segment is expected to show the highest CAGR over the assessment time period, as they display the data collected and readings by the load cells and help the workers to understand the measurements of the load. By type, the market includes analog load monitoring system and digital load monitoring system. The digital load monitoring system segment is expected to show the highest CAGR in the next few years. On the basis of application, the market is classified into automotive, marine, construction, energy, aerospace, healthcare, and others. Automotive segment is predicted to witness significant gains over the forecast timeline. Additionally, healthcare is projected to grow at the highest rate during the forecast period.
In 2018, Europe dominated the global load monitoring system market and is estimated to continue its dominance over the forecast timeline as well. UK and Germany dominated the European load monitoring system market, due to the presence of a huge manufacturing base of aerospace and automotive industries that provide material handling activities. The Asia Pacific load monitoring system market is projected to show the highest CAGR over the review time period.
Some key players of the global load monitoring system market include Vishay Precision Group, Straightpoint, Spectris, LCM Systems, PreciaMolen, Flintec, Wirop Industrial, Mettler Toledo, Euroload, Mantracourt Electronics, Eilersen Electric Digital Systems, and Futek Advanced Sensor Technology, among others.
This report segments the global load monitoring system market into:
Global Load Monitoring System Market: Offering Analysis
Global Load Monitoring System Market: Type Analysis
Global Load Monitoring System Market: Application Analysis
Global Load Monitoring System Market: Regional Analysis
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