Load Cell Market
SHARE
PUBLISHED: 2022 ID: SMRC21401
SHARE

Load Cell Market Forecasts to 2028 – Global Analysis By Type (Strain Gauge Load Cell, Pressure Load Cell), Product ( S-Type, Dual-Shear), Weigh Capacity (Low-Capacity Load Cell, Medium-Capacity Load Cell) and By Geography

4.3 (33 reviews)
4.3 (33 reviews)
Published: 2022 ID: SMRC21401

This report covers the impact of COVID-19 on this global market
Loading...

According to Stratistics MRC, the Global Load Cell Market is accounted for $4,968.60 million in 2021 and is expected to reach $6,944.85 million by 2028 growing at a CAGR of 4.9% during the forecast period. Load cells are connected to numerous measuring devices for measuring purposes, and to display, record, control, and keep track of the loads. Applications are diverse changing from small sensors for use in electronic scales, bath scales, game consoles and home electronics to those for common industrial uses such as truck scales, measuring systems in production lines, and tank scales.

Market Dynamics:

Driver:

Growing Demand in Oil & Gas and Healthcare


Growing demand for load cells from industries such as healthcare and oil & gas is driving the market. Load cells are used in healthcare devices and equipment such as infusion pumps and surgical instruments, and also in an extensive variety of delicate fluid-monitoring applications comprising blood transfusions, kidney dialysis, and blood donation. In such applications, the load cells confirm that the number of fluids entering, leaving, or being replaced in the body are started, stopped, or recirculate at the right time and in the proper dosage or ratios.

Restraint:

High Cost


Load cells provide a significant level of measuring exactness while weighing the system. However, the cost of load cells is high. Moreover, load cells are bulky, which interferes with the system's operation. For industries that do not require a high level of measurement accuracy, such as wireless device production, alternative technologies that are less expensive and consume less space present a viable option.

Opportunity:

Technological Advancement & Growing Trends of Artificial Intelligence


Technological investments across diverse industries continue at a rapid pace in the upcoming years. Companies operating in the current market are expected to design and develop load cells that fulfill the requirements of modern-day industries or Industry 4.0. Additionally, the burgeoning applications of load cells in the agricultural sector coupled with the ability of load cells to operate in harsh environments are some of the leading factors that are expected to create ample opportunities for the market. Automation and artificial intelligence (AI) are changing the nature of industries. Advances in robotics, artificial intelligence, and machine learning are ushering in a new age of automation, as machines match or outperform human performance in a range of activities, including ones requiring cognitive capabilities. According to Industry experts, smart automation will power the fourth industrial revolution, combining the innovation in industrial and IT processes to drive global manufacturing productivity gains. Another industry revolution is now underway, which industry experts believe will transform the future of manufacturing. It is powered by smart automation (SA). As Industry 4.0 rises in importance, the market for load cells is forecast to thrive.

Threat:

Stringent Regulation 


Meeting the obligatory regulatory standards is a major threat to the market. The companies that manufacture load cells need to confirm that their devices do perform as proposed. Most countries have a set of legal requirements that manufacturers have to follow. The regulations that are adopted by many countries outside the U.S. have as their basis a recommendation made by an intergovernmental organization called the International Organization of Legal Metrology. 

Compression Load Cells segment is expected to be the largest during the forecast period

Compression Load Cells are used for calculating straight line pushing force, which is negative, along a single axis. They are extremely accurate, long-lasting, and usually built out of stainless steel and are therefore very strong and can handle harsh environments.

The shear beam load cells segment is expected to have the highest CAGR during the forecast period

The shear beam load cell is designed for low profile scale and process applications. One end of the shear beam contains the mounting holes while the opposite end is where the cell is loaded. The load cell will be mounted on a flat smooth surface with high strength hardened bolts. The larger shear beam cells have more than two mounting holes to accommodate extra bolts to keep the hardware from stretching under stress load.

Region with highest share:

The Asia Pacific is projected to hold the highest market share, Asia Pacific is likely to have a huge demand mainly, owing to the growing demand for industrial weighing equipment that is promptly evolving in the province with consumers migrating towards automated systems and expansion of infrastructure for mining, manufacturing, warehousing, construction, and shipping. Moreover, the rapid growth of fuel-efficient automobiles and aerospace in developing countries such as China and India.

Region with highest CAGR:

Europe is projected to have the highest CAGR; Europe is predicted to grow significantly during the forecast period owing to the high increase in the use of these cells in various applications like aerospace, defense, automotive, oil and gas, and bulk material handling industries. Europe is likely to have a huge demand due to the increasing demand for industrial weighing equipment’s in this region and manufacturing firms are migrating towards more automated systems.

Key players in the market:

Some of the key players profiled in the Load Cell Market include ABB, Spectris, Honeywell, Interface Advanced Force Measurement, TE Connectivity, PCB Piezotronics Inc., Futek, Keli Electric Manufacturing (Ningbo) Co. Ltd. , Zhonghang Electronic Measuring Instruments Co. Ltd., National Scale Technology, Hottinger Baldwin Messtechnik GmbH.

Key developments:

In June 2019: FUTEK Advanced Sensor Technology, Inc., a load cell manufacturer, launched a new load cell for use in various applications. The newly launched load cell is sub-miniature in nature. It is an addition to the company’s LCM load cell series. The capacity of this load cell ranges from 25 lbs. to 1,000 lbs.

In April 2019: Hottinger Baldwin Messtechnik GmbH, a sensor and instrument manufacturer expanded its portfolio with the launch of a new single-point load cell. The new load cell has a casing of hermetic metal, and it comes with capacities ranging from 10 kilograms to 20 kilograms and 50 kilograms to 100 kilograms.

Types Covered: 
• Strain Gauge Load Cell
• Pressure Load Cell
• Single Pint Load Cell
• Compression Load Cell 

Products Covered:
•  S-Type
• Dual-Shear
• Single-Point
• Shear-Beam
• Bending-Beam 

Weigh Capacity’s Covered:
• Low-Capacity Load Cell
• Medium-Capacity Load Cell
• High-Capacity Load Cell
  
Technology’s Covered:
• Digital
• Analog

Applications Covered:
• Agriculture Equipment
• Bulk Material Handling
• Heavy Commercial Vehicles
• Light Commercial Vehicles
• Passenger Vehicles

End Users Covered:
• Aerospace & Defence
• Automotive and Transportation
• Construction
• Food & Beverages
• Healthcare
• Industrial Manufacturing and Material Handling
• Medical & Pharmaceutical
• Oil and Gas
• Retail
• Mining

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary   
    
2 Preface   

 2.1 Abstract  
 2.2 Stake Holders  
 2.3 Research Scope  
 2.4 Research Methodology  
  2.4.1 Data Mining 
  2.4.2 Data Analysis 
  2.4.3 Data Validation 
  2.4.4 Research Approach 
 2.5 Research Sources  
  2.5.1 Primary Research Sources 
  2.5.2 Secondary Research Sources 
  2.5.3 Assumptions 
    
3 Market Trend Analysis   
 3.1 Introduction  
 3.2 Drivers  
 3.3 Restraints  
 3.4 Opportunities  
 3.5 Threats  
 3.6 Product Analysis  
 3.7 Technology Analysis  
 3.8 Application Analysis  
 3.9 End User Analysis  
 3.10 Emerging Markets  
 3.11 Impact of Covid-19  
    
4 Porters Five Force Analysis   
 4.1 Bargaining power of suppliers  
 4.2 Bargaining power of buyers  
 4.3 Threat of substitutes  
 4.4 Threat of new entrants  
 4.5 Competitive rivalry  
    
5 Global Load Cell Market, By Type   
 5.1 Introduction  
 5.2 Strain Gauge Load Cell  
 5.3 Pressure Load Cell  
 5.4 Single Point Load Cell  
 5.5 Compression Load Cell  
    
6 Global Load Cell Market, By Product   
 6.1 Introduction  
 6.2  S-Type   
 6.3 Dual-Shear  
 6.4 Single-Point  
 6.5 Shear-Beam  
 6.6 Bending-Beam  
    
7 Global Load Cell Market, By Weigh Capacity   
 7.1 Introduction  
 7.2 Low-Capacity Load Cell  
 7.3 Medium-Capacity Load Cell  
 7.4 High-Capacity Load Cell  
    
8 Global Load Cell Market, By Technology   
 8.1 Introduction  
 8.2 Digital  
 8.3 Analog  
    
9 Global Load Cell Market, By Application   
 9.1 Introduction  
 9.2 Agriculture Equipment  
 9.3 Bulk Material Handling  
 9.4 Heavy Commercial Vehicles  
 9.5 Light Commercial Vehicles  
 9.6 Passenger Vehicles  
    
10 Global Load Cell Market, By End User   
 10.1 Introduction  
 10.2 Aerospace & Defense  
 10.3 Automotive and Transportation  
 10.4 Construction  
 10.5 Food & Beverages  
 10.6 Healthcare  
 10.7 Industrial Manufacturing and Material Handling  
 10.8 Medical & Pharmaceutical  
 10.9 Oil and Gas  
 10.10 Retail  
 10.11 Mining  
    
11 Global Load Cell Market, By Geography   
 11.1 Introduction  
 11.2 North America  
  11.2.1 US 
  11.2.2 Canada 
  11.2.3 Mexico 
 11.3 Europe  
  11.3.1 Germany 
  11.3.2 UK 
  11.3.3 Italy 
  11.3.4 France 
  11.3.5 Spain 
  11.3.6 Rest of Europe 
 11.4 Asia Pacific  
  11.4.1 Japan 
  11.4.2 China 
  11.4.3 India 
  11.4.4 Australia 
  11.4.5 New Zealand 
  11.4.6 South Korea 
  11.4.7 Rest of Asia Pacific 
 11.5 South America  
  11.5.1 Argentina 
  11.5.2 Brazil 
  11.5.3 Chile 
  11.5.4 Rest of South America 
 11.6 Middle East & Africa  
  11.6.1 Saudi Arabia 
  11.6.2 UAE 
  11.6.3 Qatar 
  11.6.4 South Africa 
  11.6.5 Rest of Middle East & Africa 
    
12 Key Developments   
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 12.2 Acquisitions & Mergers  
 12.3 New Product Launch  
 12.4 Expansions  
 12.5 Other Key Strategies  
    
13 Company Profiling    
 13.1 ABB  
 13.2 Spectris  
 13.3 Honeywell   
 13.4 Interface Advanced Force Measurement  
 13.5 TE Connectivity  
 13.6 PCB Piezotronics Inc.  
 13.7 Futek  
 13.8 Keli Electric Manufacturing (Ningbo) Co. Ltd.   
 13.9 Zhonghang Electronic Measuring Instruments Co. Ltd.  
 13.10 National Scale Technology  
 13.11 Hottinger Baldwin Messtechnik GmbH  


List of Tables    
1 Global Load Cell Market Outlook, By Region (2020-2028) (US $MN)    
2 Global Load Cell Market Outlook, By Type (2020-2028) (US $MN)   
3 Global Load Cell Market Outlook, By Strain Gauge Load Cell (2020-2028) (US $MN)   
4 Global Load Cell Market Outlook, By Pressure Load Cell (2020-2028) (US $MN)   
5 Global Load Cell Market Outlook, By Single Point Load Cell (2020-2028) (US $MN)   
6 Global Load Cell Market Outlook, By Compression Load Cell (2020-2028) (US $MN)   
7 Global Load Cell Market Outlook, By Product (2020-2028) (US $MN)   
8 Global Load Cell Market Outlook, By S-Type  (2020-2028) (US $MN)   
9 Global Load Cell Market Outlook, By Dual-Shear (2020-2028) (US $MN)   
10 Global Load Cell Market Outlook, By Single-Point (2020-2028) (US $MN)   
11 Global Load Cell Market Outlook, By Shear-Beam (2020-2028) (US $MN)   
12 Global Load Cell Market Outlook, By Bending-Beam (2020-2028) (US $MN)   
13 Global Load Cell Market Outlook, By Weigh Capacity (2020-2028) (US $MN)   
14 Global Load Cell Market Outlook, By Low-Capacity Load Cell (2020-2028) (US $MN)   
15 Global Load Cell Market Outlook, By Medium-Capacity Load Cell (2020-2028) (US $MN)   
16 Global Load Cell Market Outlook, By High-Capacity Load Cell (2020-2028) (US $MN)   
17 Global Load Cell Market Outlook, By Technology (2020-2028) (US $MN)   
18 Global Load Cell Market Outlook, By Digital (2020-2028) (US $MN)   
19 Global Load Cell Market Outlook, By Analog (2020-2028) (US $MN)   
20 Global Load Cell Market Outlook, By Application (2020-2028) (US $MN)   
21 Global Load Cell Market Outlook, By Agriculture Equipment (2020-2028) (US $MN)   
22 Global Load Cell Market Outlook, By Bulk Material Handling (2020-2028) (US $MN)   
23 Global Load Cell Market Outlook, By Heavy Commercial Vehicles (2020-2028) (US $MN)   
24 Global Load Cell Market Outlook, By Light Commercial Vehicles (2020-2028) (US $MN)   
25 Global Load Cell Market Outlook, By Passenger Vehicles (2020-2028) (US $MN)   
26 Global Load Cell Market Outlook, By End User (2020-2028) (US $MN)   
27 Global Load Cell Market Outlook, By Aerospace & Defense (2020-2028) (US $MN)   
28 Global Load Cell Market Outlook, By Automotive and Transportation (2020-2028) (US $MN)   
29 Global Load Cell Market Outlook, By Construction (2020-2028) (US $MN)   
30 Global Load Cell Market Outlook, By Food & Beverages (2020-2028) (US $MN)   
31 Global Load Cell Market Outlook, By Healthcare (2020-2028) (US $MN)   
32 Global Load Cell Market Outlook, By Industrial Manufacturing and Material Handling (2020-2028) (US $MN)   
33 Global Load Cell Market Outlook, By Medical & Pharmaceutical (2020-2028) (US $MN)   
34 Global Load Cell Market Outlook, By Oil and Gas (2020-2028) (US $MN)   
35 Global Load Cell Market Outlook, By Retail (2020-2028) (US $MN)   
36 Global Load Cell Market Outlook, By Mining (2020-2028) (US $MN)   
    
Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.   

 

Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.   

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials