"Catapult Your Business to Fore, Gain Competitive Advantage "

Load Monitoring Systems Market Size, Share & Industry Analysis, By Offering (Load Cell, Indicator & Controller, Data Logging Software), By Technology (Analog, Digital), By End User (Automotive, Marine, Construction, Aerospace, Oil & Gas, Healthcare, Others (Agriculture)) Others and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI101993 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Load monitoring systems are used in numerous industrial applications for obtaining the operating condition of an appliance. Load monitoring systems are used prominently in the defence and aerospace industry for testing and monitoring aircraft components as well as in the healthcare industry. Furthermore, these systems are also needed in industries, such as marine, construction, and energy owing to the rising need for minimizing the equipment errors. Therefore, the increasing demand of load monitoring systems in various industries would boost the growth of the market during the forecast period.


Up Arrow

Key Market Driver -

• The rising demand for precision weighing in heavy lifting applications • Increased digitization, IoT adoption, higher accuracy, and digital load cell durability is creating more demand for load monitoring systems

Down Arrow

Key Market Restraint -

• Incidents of load monitoring systems failures caused due to defective units as well as high maintenance costs.


The recent trends in the load monitoring system market include, use of load monitoring systems for minimizing production costs by limiting energy consumption and improving product quality is expected to fuel the demand for these systems during the forecast period. Also, the growing focus on improving the environmental footprint of load monitoring systems and the increasing popularity for customized load monitoring systems is anticipated to offer new and more growth opportunities for the load monitoring systems market during the forecast period, 2019 – 2026.

Key Players Covered:


The leading players in the market are focusing on evolving innovative designs, and advanced features of load monitoring systems offering potential failure alters to end-users to reduce the risk of accidental system failures and loss of production. The major companies comprising the global load monitoring system market include Vishay Precision Group, Spectris, PreciaMolen, Wirop Industrial Co. Ltd., Euroload Inc., Mantracourt Electronics, Futek Advanced Sensor Technology Inc., Dynamic Load Monitoring Ltd., Flintec, LCM Systems Ltd., Straightpoint etc.

The analog load monitoring systems are the most widely used load monitors, which are used in numerous industries, such as food & beverages, agriculture, mining, automotive etc. owing to its low cost and ease of implementation. The analog load monitors are projected to hold most of the market share. However, the digital load monitoring systems are also expected to have the highest growth rate during the forecast period owing to its increasing popularity.

Regional Analysis:


Europe followed by North America dominates the global load monitoring system market. The U.K. and Germany were the dominant countries in load monitoring systems market in Europe, owing to the presence of an enormous manufacturing base of automotive and aerospace industries providing material handling activities.

To gain extensive insights into the market, Request for Customization


Furthermore, China is expected to be the key contributor to the growth of the load monitoring system market in APAC, owing to its expanding industrial and manufacturing sectors as well as increasing domestic production. Therefore, Asia Pacific is anticipated to be the most lucrative region offering substantial growth opportunities for the players in the load monitoring system market. Additionally, the launch of “Make in India” initiative has assisted in promoting the growth of manufacturing, food & beverages as well as automotive sectors in India. Japan is also witnessing a steady growth in the load monitoring system market owing to the increase in shipbuilding, pharmaceuticals markets, etc.

Segmentation


























 ATTRIBUTE

  DETAILS

By Offering

  • Load Cell

    • Single Beam Load Cell

    • S-Type Load Cell

    • Dual Shear Load Cell

    • Bending Beam Load Cell

    • Others



  • Indicator & Controller

  • Data Logging Software

By Technology

  • Analog

  • Digital

By End User

  • Automotive

  • Marine

  • Construction

  • Aerospace

  • Oil & Gas

  • Healthcare

  • Others (Agriculture)

By Geography

  • North America (USA and Canada)

  • Europe (UK, Germany, France, Italy, Spain and Rest of Europe)

  • Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)

  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

  • Latin America (Brazil, Mexico and Rest of Latin America)

Key Industry Developments



  • September 2019- Vishay Precision Group, Inc. introduced the second generation VanWeigh axle overload monitoring system offering features such as overload protection and load optimisation system for light commercial vehicles etc.

  • June 2019- Futek Releases New LCM-100 Sub-Miniature In-line Load Cell which provides features such as increased load capacity, safe overload of 150%, IP64 compliant construction etc.





Key Questions Answer REQUEST SAMPLE
Why to Choose Fortune Business Insights SPEAK TO ANALYST
Load Monitoring Systems Market Report
  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Machinery & Equipment Clients
Daikin
Saint Gobain
Dow
Mckinsey
Dupont
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X