Market Overview:
The global tension sensors market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for tension sensors in various applications such as steel industry, textile industry, laboratory, and test application. Moreover, the growing demand for advanced tension sensing technologies is also fueling the growth of this market. Based on type, the global tension sensors market can be segmented into axle table type, through shaft type, and cantilever type. The axle table type segment is expected to hold a major share of the global tension sensors market during the forecast period owing to its high accuracy and reliability. Based on application, the global tension sensors market can be divided into steel industry, textile industry,, laboratory,, test application,, and other applications.
Product Definition:
A tension sensor is a device that measures the tension in a material or object. This can be useful for measuring things such as the tension in a wire, the weight of an object, or the stress on a structure. Tension sensors are often used in manufacturing and engineering applications to ensure that products are made to specification and do not break under pressure.
Axle Table Type:
The axle table type is a device used to measure the angles between two or more rotating objects. It’s major applications are in tension sensors market. The product finds its use in various industries such as automotive, construction equipment, material handling and packaging among others.
In the past few years, there has been an increase in demand for vehicles with advanced safety features such as airbags and anti-lock braking systems (ABS).
Through Shaft Type:
The through shaft type is used in tension sensors market. It is a method of mounting a sensor to the end of an axle or the other way around, which allows it to measure force and torque. The most common application for these sensors are in automobiles where they are used for measuring wheel speed and thus determining vehicle speed.
Application Insights:
The steel industry was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growing demand for steel from various industries including construction, automotive, energy, transportation and machinery is expected to drive product demand in this application segment.
Tension sensors are used in textile applications to measure fabric tension across multiple threads or warp yarns on a loom. These devices help prevent accidents caused due to improper weaving of fabrics such as caught-on machines or dropped weft wheels that can lead to injuries. They are also used for measuring cloth quality by testing different weave patterns on an automated loom without human intervention which helps reduce human errors during production of fine textiles at high speeds.
Sensors play a significant role in laboratory automation applications where they are used for controlling lab equipment such as centrifuges, lasers and robotic arms along with other safety systems like fire detection & suppression systems.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth of this region can be attributed to increasing industrialization and rapid urbanization in countries such as China, India, Indonesia, Vietnam and Thailand. In addition, rising disposable income coupled with a growing population will also drive the demand for consumer goods which will further propel industry expansion.
The Asia Pacific was followed by Europe wherein Germany accounted for a major share owing to its steel production capacity exceeding that of any other European nation including Russia or Italy. Latin America held a small share in global revenue but is anticipated to witness significant growth over the next eight years owing to increasing investments from multinational companies based in Brazil and Argentina who are focusing on establishing their manufacturing facilities within these regions due t their low operational costs as compared to those prevailing within developed economies such as U.S.
Growth Factors:
- Increasing demand for tension sensors in the automotive industry for advanced safety features.
- Growing demand from the aerospace and defense sector for tension sensors in aircraft and spacecraft applications.
- Rising adoption of tension sensors in medical devices and equipment for various diagnostic and therapeutic applications.
- Increasing use of tension sensors in industrial automation to improve process efficiency and quality control.
- Growing popularity of smart textiles with embedded tension sensors for wearable applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Tension Sensors Market Research Report
By Type
Axle Table Type, Through Shaft Type, Cantilever Type
By Application
Steel Industry, Textile Industry, Laboratory, Test Application, Other
By Companies
Fil Control, Tension Measurement, GALLAGHER GROUP, Erhardt + Leimer, FMS TECHNOLOGY, FUTEK, CTS CORP, NIRECO, Hans-Schmidt, Haehne GmbH, OMEGA, Dover Flexo Electronics, Hardy Process Solutions, SMD SENSORS, TENSITRON, Irrometer Company, BTSR International, PHYTOTRONICS, TE Connectivity, Somaxis
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Tension Sensors Market Report Segments:
The global Tension Sensors market is segmented on the basis of:
Types
Axle Table Type, Through Shaft Type, Cantilever Type
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
Steel Industry, Textile Industry, Laboratory, Test Application, 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:
- Fil Control
- Tension Measurement
- GALLAGHER GROUP
- Erhardt + Leimer
- FMS TECHNOLOGY
- FUTEK
- CTS CORP
- NIRECO
- Hans-Schmidt
- Haehne GmbH
- OMEGA
- Dover Flexo Electronics
- Hardy Process Solutions
- SMD SENSORS
- TENSITRON
- Irrometer Company
- BTSR International
- PHYTOTRONICS
- TE Connectivity
- Somaxis
Highlights of The Tension Sensors 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:
- Axle Table Type
- Through Shaft Type
- Cantilever Type
- By Application:
- Steel Industry
- Textile Industry
- Laboratory
- Test Application
- 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 Tension Sensors 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?
Tension sensors are used to measure the tension in a wire or cable. They can be used to detect when something has been pulled on the wire or cable, and can be used to determine how tight the wire or cable is.
Some of the major companies in the tension sensors market are Fil Control, Tension Measurement, GALLAGHER GROUP, Erhardt + Leimer, FMS TECHNOLOGY, FUTEK, CTS CORP, NIRECO, Hans-Schmidt, Haehne GmbH, OMEGA, Dover Flexo Electronics, Hardy Process Solutions, SMD SENSORS, TENSITRON, Irrometer Company, BTSR International, PHYTOTRONICS, TE Connectivity, Somaxis.
The tension sensors market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tension Sensors 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 Tension Sensors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tension Sensors 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 Tension Sensors 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 Tension Sensors Market Size & Forecast, 2020-2028
4.5.1 Tension Sensors Market Size and Y-o-Y Growth
4.5.2 Tension Sensors Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Axle Table Type
5.2.2 Through Shaft Type
5.2.3 Cantilever Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Steel Industry
6.2.2 Textile Industry
6.2.3 Laboratory
6.2.4 Test Application
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tension Sensors 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 Tension Sensors 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Axle Table Type
9.6.2 Through Shaft Type
9.6.3 Cantilever Type
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 Market Size Forecast by Applications
9.10.1 Steel Industry
9.10.2 Textile Industry
9.10.3 Laboratory
9.10.4 Test Application
9.10.5 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Axle Table Type
10.6.2 Through Shaft Type
10.6.3 Cantilever Type
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 Market Size Forecast by Applications
10.10.1 Steel Industry
10.10.2 Textile Industry
10.10.3 Laboratory
10.10.4 Test Application
10.10.5 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Axle Table Type
11.6.2 Through Shaft Type
11.6.3 Cantilever Type
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 Market Size Forecast by Applications
11.10.1 Steel Industry
11.10.2 Textile Industry
11.10.3 Laboratory
11.10.4 Test Application
11.10.5 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Axle Table Type
12.6.2 Through Shaft Type
12.6.3 Cantilever Type
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 Market Size Forecast by Applications
12.10.1 Steel Industry
12.10.2 Textile Industry
12.10.3 Laboratory
12.10.4 Test Application
12.10.5 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Axle Table Type
13.6.2 Through Shaft Type
13.6.3 Cantilever Type
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) Market Size Forecast by Applications
13.10.1 Steel Industry
13.10.2 Textile Industry
13.10.3 Laboratory
13.10.4 Test Application
13.10.5 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 Tension Sensors Market: Competitive Dashboard
14.2 Global Tension Sensors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fil Control
14.3.2 Tension Measurement
14.3.3 GALLAGHER GROUP
14.3.4 Erhardt + Leimer
14.3.5 FMS TECHNOLOGY
14.3.6 FUTEK
14.3.7 CTS CORP
14.3.8 NIRECO
14.3.9 Hans-Schmidt
14.3.10 Haehne GmbH
14.3.11 OMEGA
14.3.12 Dover Flexo Electronics
14.3.13 Hardy Process Solutions
14.3.14 SMD SENSORS
14.3.15 TENSITRON
14.3.16 Irrometer Company
14.3.17 BTSR International
14.3.18 PHYTOTRONICS
14.3.19 TE Connectivity
14.3.20 Somaxis
