Market Overview:
The global high-precision load cell market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for high-precision load cells in laboratory balances, industrial scales, and other applications. Additionally, the growing demand for miniaturized and portable devices is also fueling the growth of the global high-precision load cell market. On the basis of type, tension load cells are expected to hold a major share of the global high-precision load cell market during the forecast period. This can be attributed to their ability to measure tensile loads with great accuracy and precision.
Product Definition:
A high-precision load cell is a device used to measure the force or weight of an object. It is important for high-precision load cells to be accurate and reliable in order to ensure consistent measurements.
Tension Load Cell:
Tension-based load cells are used in the measurement of force, torque or tension. These cells are widely used in industries such as automotive, construction equipment and material handling equipment. The global market for tension load cell is expected to grow at a CAGR of XX% from 2016 to 2024. This growth can be attributed to the increasing demand for high precision measurement devices across various industrial verticals including automotive & transportation, power generation and electronics manufacturing among others.
Compression Load Cell:
A compression load cell is a device used to measure the compressive force or pressure. It is widely used in industrial applications such as material handling equipment, packaging machines, and assembly lines. The high-precision load cells market has witnessed significant growth over the past few years owing to its increasing demand from various end-use industries including automotive & transportation, food & beverage processing and pharmaceuticals among others.
Application Insights:
The laboratory balances segment dominated the global market in terms of revenue share in 2017. This high-precision load cell is used for various applications, such as material testing, chemical analysis, and medical diagnostics. The growing demand for lab balance scales with higher precision is expected to drive the segment over the forecast period.
High-precision load cells are used in industrial weighing applications across a wide range of industries including food & beverage processing, mining and construction materials among others. These devices are preferred due to their ability to measure weight with greater accuracy than conventional spring or electronic balance methods can achieve while still providing easy weigh access from either side of a scale pan on an industrial scale.
Other application segments include use in automotive manufacturing plants.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to high product demand from various end-use industries, such as chemical, petrochemical, oil & gas and food processing. In addition, increasing R&D activities for the development of advanced load cells are also expected to drive regional growth over the forecast period.
The Asia Pacific market is anticipated to witness significant growth during the forecast years due to rising investments by foreign players and government agencies for developing industrial infrastructure in emerging economies such as China and India. Furthermore, favorable government policies aimed at promoting manufacturing output are also likely boost regional demand during the projected time frame.
Growth Factors:
- Increasing demand for high-precision load cells from the automotive and aerospace industries due to the need for accurate weight measurements during production processes.
- Growing popularity of industrial automation and robotics, which has led to an increase in demand for high-precision load cells in manufacturing applications.
- Rising demand from the construction industry for weighing heavy loads during construction projects.
- Rapid growth of e-commerce and online retailing, which has led to an increase in demand for high-precision load cells in shipping and logistics applications.
- Technological advancements that have resulted in the development of new types of high-precision load cells, such as strain gauge based sensors, that are better suited for certain applications than traditional technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
High-precision Load Cell Market Research Report
By Type
Tension Load Cell, Compression Load Cell, Shear Beam Load Cell, Other Load Cell
By Application
Laboratory Balances, Industrial Scales, Other
By Companies
Honeywell, Re Controlli Industriali, Burster GmbH & Co KG, IMADA Co.,Ltd, Minebea Intec, Dinaksa Pesaje Industrial, ANDILOG Technologies, SENSY S.A., Guangdong South China Sea Electronic Measuring Technology Co Ltd, Sensotec Instruments, Pavone Sistemi SRL, Weightronic Technology Ltd, Eilersen Electric Digital Systems A/S, Barbal
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global High-precision Load Cell Market Report Segments:
The global High-precision Load Cell market is segmented on the basis of:
Types
Tension Load Cell, Compression Load Cell, Shear Beam Load Cell, Other Load Cell
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Laboratory Balances, Industrial Scales, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell
- Re Controlli Industriali
- Burster GmbH & Co KG
- IMADA Co.,Ltd
- Minebea Intec
- Dinaksa Pesaje Industrial
- ANDILOG Technologies
- SENSY S.A.
- Guangdong South China Sea Electronic Measuring Technology Co Ltd
- Sensotec Instruments
- Pavone Sistemi SRL
- Weightronic Technology Ltd
- Eilersen Electric Digital Systems A/S
- Barbal
Highlights of The High-precision Load Cell Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tension Load Cell
- Compression Load Cell
- Shear Beam Load Cell
- Other Load Cell
- By Application:
- Laboratory Balances
- Industrial Scales
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High-precision Load Cell Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A high-precision load cell is a type of load cell that has been designed to have extremely low error rates. This means that the device can be used to measure very small loads accurately.
Some of the key players operating in the high-precision load cell market are Honeywell, Re Controlli Industriali, Burster GmbH & Co KG, IMADA Co.,Ltd, Minebea Intec, Dinaksa Pesaje Industrial, ANDILOG Technologies, SENSY S.A., Guangdong South China Sea Electronic Measuring Technology Co Ltd, Sensotec Instruments, Pavone Sistemi SRL, Weightronic Technology Ltd, Eilersen Electric Digital Systems A/S, Barbal.
The high-precision load cell market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High-precision Load Cell Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High-precision Load Cell Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High-precision Load Cell Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High-precision Load Cell Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High-precision Load Cell Market Size & Forecast, 2018-2028
4.5.1 High-precision Load Cell Market Size and Y-o-Y Growth
4.5.2 High-precision Load Cell Market Absolute $ Opportunity
Chapter 5 Global High-precision Load Cell Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 High-precision Load Cell Market Size Forecast by Type
5.2.1 Tension Load Cell
5.2.2 Compression Load Cell
5.2.3 Shear Beam Load Cell
5.2.4 Other Load Cell
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High-precision Load Cell Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 High-precision Load Cell Market Size Forecast by Applications
6.2.1 Laboratory Balances
6.2.2 Industrial Scales
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High-precision Load Cell Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High-precision Load Cell Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America High-precision Load Cell Analysis and Forecast
9.1 Introduction
9.2 North America High-precision Load Cell Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America High-precision Load Cell Market Size Forecast by Type
9.6.1 Tension Load Cell
9.6.2 Compression Load Cell
9.6.3 Shear Beam Load Cell
9.6.4 Other Load Cell
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America High-precision Load Cell Market Size Forecast by Applications
9.10.1 Laboratory Balances
9.10.2 Industrial Scales
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe High-precision Load Cell Analysis and Forecast
10.1 Introduction
10.2 Europe High-precision Load Cell Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe High-precision Load Cell Market Size Forecast by Type
10.6.1 Tension Load Cell
10.6.2 Compression Load Cell
10.6.3 Shear Beam Load Cell
10.6.4 Other Load Cell
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe High-precision Load Cell Market Size Forecast by Applications
10.10.1 Laboratory Balances
10.10.2 Industrial Scales
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific High-precision Load Cell Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High-precision Load Cell Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific High-precision Load Cell Market Size Forecast by Type
11.6.1 Tension Load Cell
11.6.2 Compression Load Cell
11.6.3 Shear Beam Load Cell
11.6.4 Other Load Cell
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific High-precision Load Cell Market Size Forecast by Applications
11.10.1 Laboratory Balances
11.10.2 Industrial Scales
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America High-precision Load Cell Analysis and Forecast
12.1 Introduction
12.2 Latin America High-precision Load Cell Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America High-precision Load Cell Market Size Forecast by Type
12.6.1 Tension Load Cell
12.6.2 Compression Load Cell
12.6.3 Shear Beam Load Cell
12.6.4 Other Load Cell
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America High-precision Load Cell Market Size Forecast by Applications
12.10.1 Laboratory Balances
12.10.2 Industrial Scales
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) High-precision Load Cell Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High-precision Load Cell Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) High-precision Load Cell Market Size Forecast by Type
13.6.1 Tension Load Cell
13.6.2 Compression Load Cell
13.6.3 Shear Beam Load Cell
13.6.4 Other Load Cell
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) High-precision Load Cell Market Size Forecast by Applications
13.10.1 Laboratory Balances
13.10.2 Industrial Scales
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High-precision Load Cell Market: Competitive Dashboard
14.2 Global High-precision Load Cell Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 Re Controlli Industriali
14.3.3 Burster GmbH & Co KG
14.3.4 IMADA Co.,Ltd
14.3.5 Minebea Intec
14.3.6 Dinaksa Pesaje Industrial
14.3.7 ANDILOG Technologies
14.3.8 SENSY S.A.
14.3.9 Guangdong South China Sea Electronic Measuring Technology Co Ltd
14.3.10 Sensotec Instruments
14.3.11 Pavone Sistemi SRL
14.3.12 Weightronic Technology Ltd
14.3.13 Eilersen Electric Digital Systems A/S
14.3.14 Barbal
