Global Load Cells Market to Reach US$1.5 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.

Share Article

GIA announces the release of a comprehensive global report on Load Cells market. The global Load Cells market is forecast to reach US$1.5 billion by 2015. New and technologically advanced product introductions, and increasing manufacture of made-to-order products are forecast to fuel growth in the load cells market. Research and development would continue to remain as a key market driver that determines the success of a company in the load cells marketplace.

Load Cells: A Global Strategic Business Report

Load cells constitute the most crucial component of any weighing system. Characterized by intense competition, the load cells market is flooded with mass-produced components from several nations, specifically the Asian region. Cheaper products from Asia have penetrated into the world market, making it tougher for load cell manufacturers to compete against them. This scenario is also forcing many load cell manufacturers to reorganize their business strategies. In such demanding situations, companies are countering cheaper imports by increasingly offering made-to-order products. The success of any load cell market participant, in such situations, mainly depends upon the introduction of new and improved products. With ever growing competition as a result of industry globalization, research and development is emerging as a concept of strategic importance. Research and development would continue to remain as a key market driver that determines the success of a company in the load cells marketplace. To distinguish themselves from the competition, load cell manufacturers also need to provide extensive customer service and support in terms of product installations, training, maintenance, and speedy repair services.

Europe dominates the global market for Load Cells, as stated by the new market research report on Load Cells. The United States follows next, with the US and Europe together accounting for a major share of the global market. Weighing equipment market in the US is witnessing a huge replacement demand, resulting from increased reliability and accuracy of new and tougher scales. This further resulted in greater demand for load cell components, as weighing equipment is increasingly employing more and more load cells. Superior manufacturing techniques would enable the manufacture of improved weighing machinery at reduced costs, and would further result in increased replacement orders. Load cells market in Asia- Pacific represents the fastest growing market worldwide, driven by buoyant economic activity. Among the product segments, Single Point Load Cells command the largest share of the load cells market worldwide. Dual Shear and S Type Beam Load Cells are expected to witness a relatively fastest CAGR during the analysis period.

The facade of applications for medical load cells is being changed drastically by automation and miniaturization. Due to automation, the field of surgery has undergone a lot of change. As surgical robots get more and more sophisticated, load cells play an important role in paving way for the use of this low cost alternative for several other delicate procedures. Bestowing these robots with a touch sense would make them highly effective. Load cells of varying ranges, shapes and sizes facilitate these developments. In the coming years, smarter and miniaturized load cells, featuring communication and interchangeability capabilities, are expected to provide robots with an ability to sense that is almost the same as human touch. Surgical procedures’ reach will be extended by this technology, offering life-saving alternatives to greater number of patients and, at the same time, reducing total cost. Load cells are also expected to find application in an array of precautionary medical devices.

Major players profiled in the report include Flintec Group AB, FUTEK Advanced Sensor Technology, Inc., Honeywell Sensotec-Lebow, Hottinger Baldwin Messtechnik GmbH, Humanetics Innovative Solutions, Interface Inc., Keli Electric Manufacturing (Ningbo) Co. Ltd., National Scale Technology, Novatech Measurements Ltd., PCB Piezotronics Inc., Rice Lake Weighing Systems, Robert A. Denton Inc., Thames Side Sensors Ltd., Vishay Intertechnology, Inc., Vishay Precision Group Inc., Yamato Scale Co. Ltd., Zhonghang Electronic Measuring Instruments Co, Ltd., among others.

The research report titled "Load Cells: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of the load cells markets, impact of economic recession on the market, current market trends, major growth drivers, new product introductions/innovations, and profiles of major/niche global as well as regional market players. The report provides annual sales estimates and projections for Load Cells market for the years 2007 through 2015 for the following geographic markets – US, Canada, Japan, Europe, Asia-Pacific, and Rest of World. Key product segments analyzed include Single Point, Shear Beam, Dual Shear, Bending Beam, “S” Type Beam, and Smart/Digital Load Cells. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Load_Cells_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., and (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

# # #

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website

Media