Load Cells: A Global Strategic Business Report
San Jose, CA (PRWEB) February 23, 2012
Follow us on LinkedIn – As critical tools to measure force and weight, load cells are indispensable in a wide range of applications ranging from medical devices, robotics, automotive, transportation, to construction (tunnel, bridge building), among others. In the automotive industry, load cells like seat belt load cells, gear stick load cells, steering wheel load cells, pedal force load cell, in-line suspension load cells etc, will continue to find uses in quality, verification, and endurance/impact testing at the production floor. Typical application areas for load cells in automotive production include its use in shock force measurement, gasket force monitoring, spring loads, suspension force measurement and brake sensing and force measurement. In the field of robotics, the use of multi-axial load cells is expected to find widespread acceptance. In the upcoming years, unmet market needs in the area of dynamic weighing will drive demand for digital load cells. End-users in the manufacturing sector, such as in the food industry, will continue to focus on reliable weighing technologies given the role they play in meeting slated quality standards in manufacturing. Products engineered to provide maximum throughput with high levels of accuracy are poised to score the highest gains.
Commoditization of the load cells market, has over the years, driven down prices as a result of intense price competition among manufacturers. To compete in an increasingly competitive environment, players are battling to provide value added services, such as, extensive customer service and support including product installation, training, maintenance and speedy repair services. In a bid to differentiate product offerings in the marketplace and to maintain a price premium for incremental feature improvements, manufacturers are injecting funds into research and development activities. In order to deflect the heat raised by low cost Asian imports, players in the developed markets are focusing on customization as a strategy to ward off competition. Custom made load cells designed to meet end-users’ unique requirements offers a new avenue for revenue expansion.
As stated by the new market research report on Load Cells, US and Europe together account for a major share of the world market. Future growth will be encouraged by developments in subminiature and miniature load cells which will find lucrative high-end applications in medical devices, aerospace, automation & robotics, and nuclear industry applications, among others. Fastest growth is however expected to stem from emerging countries in Asia-Pacific. Growth in this region is forecast to wax at a CAGR of 5.5% over the analysis period. World market for Dual Shear Load Cells is projected to grow at a CAGR of 4.2% over the analysis period.
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, 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 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 across geographic markets, such as, 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.
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Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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