Load Monitoring System Market Worth $3.3 Billion by 2024 - Exclusive Report by MarketsandMarkets™

CHICAGO, January 25, 2019 /PRNewswire/ --

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", published by MarketsandMarkets™, 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.

     (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Ask for PDF Brochure: 

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=125476126

"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.

Browse in-depth TOC on "Load Monitoring System Market"

36 - Tables  

52 - Figures  

142 - Pages  

"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, R&D, 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" 

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).

Get 10% Free Customization on this Report: 

https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=125476126

Key players operating in the lithium ion battery market include BYD Company (China), LG Chem (South Korea), Panasonic (Japan), Samsung SDI (South Korea), BAK Group (China), GS Yuasa (Japan), Hitachi (Japan), Johnson Controls (Ireland), Toshiba (Japan), Lithium Werks (The Netherlands), CALB (China), Saft Groupe, (France), VARTA Storage (Germany), Farasis Energy (California), and Sila Nanotechnologies (California).

Please Explore Relevant Reports:

Power Over Ethernet Solutions Market by Type (PSE Controllers & ICs, PD Controllers & ICs), Device Type (Power Sourcing Equipment, Powered Devices), Application (Connectivity, LED Lighting Control), Vertical, and Geography - Global Forecast to 2022

Power Electronics Market by Material, Device Type (Discrete, Module, and IC), Application, Vertical (ICT, Consumer Electronics, Energy and Power, Industrial, Automotive, and Aerospace & Defense), and Geography - Global Forecast to 2023

About MarketsandMarkets™  

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.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" 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.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/load-monitoring-system-market.asp

Visit Our Web Site: https://www.marketsandmarkets.com