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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
Estimated Year Value (2021)
US $4,968.60 MN
Projected Year Value (2028)
US $6,944.85 MN
CAGR (2021 - 2028)
North America, Europe, Asia Pacific, South America, and Middle East & Africa
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa
Highest Growing Market
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.
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.
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.
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.
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.
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.
• Strain Gauge Load Cell
• Pressure Load Cell
• Single Pint Load Cell
• Compression Load Cell
Weigh Capacity’s Covered:
• Low-Capacity Load Cell
• Medium-Capacity Load Cell
• High-Capacity Load Cell
• Agriculture Equipment
• Bulk Material Handling
• Heavy Commercial Vehicles
• Light Commercial Vehicles
• Passenger Vehicles
End Users Covered:
• Aerospace & Defence
• Automotive and Transportation
• Food & Beverages
• Industrial Manufacturing and Material Handling
• Medical & Pharmaceutical
• Oil and Gas
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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
2.2 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
3 Market Trend Analysis
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
5.2 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
7 Global Load Cell Market, By Weigh Capacity
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
9 Global Load Cell Market, By Application
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
10.2 Aerospace & Defense
10.3 Automotive and Transportation
10.5 Food & Beverages
10.7 Industrial Manufacturing and Material Handling
10.8 Medical & Pharmaceutical
10.9 Oil and Gas
11 Global Load Cell Market, By Geography
11.2 North America
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
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
12.5 Other Key Strategies
13 Company Profiling
13.4 Interface Advanced Force Measurement
13.5 TE Connectivity
13.6 PCB Piezotronics Inc.
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.
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