Market Overview:
The global strain gauge 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 strain gauges in electrical equipment, civil engineering, building construction, chemicals and medicine, and other applications. Additionally, the growing demand for miniaturized sensors is also contributing to the growth of the global strain gauge market.
Product Definition:
A strain gauge is a device used to measure the amount of deformation (strain) in a material. The gauge consists of very thin wire or foil, which is attached to the material being measured. When the material is deformed, the gauge changes shape, and this change in shape can be measured and converted into a measure of stress or strain.
Stress Analysis Type:
Stress analysis type is a method used to measure the stress in materials or structures using tensile strain gauge sensors. It’s major application includes consumer electronics, automotive and construction industries.
Transducer Type:
A strain gauge is an electronic device used for measuring the deformation of a material under applied stress or tension. It consists of two conductors, one fixed and the other suspended between them by a flexible wire. The change in shape of the suspended conductor produces an electric current as it is acted upon by electromagnetic fields generated by nearby electrical circuits.
The strain gauge market can be segmented on the basis of application into automotive, consumer electronics & appliances, aerospace & defense.
Application Insights:
The chemicals and medicine segment accounted for the largest market share in 2017. The growth of this application can be attributed to the extensive usage of these devices in pharmaceutical industry, research laboratories, and food processing plants. These instruments are used to measure forces, such as pressure or torque on a surface that arises due to an applied load. They are also used for measuring shear or normal forces along with other types of forces such as torsion or extension on a surface owing to an applied force at right angles thereto.
Strain gauge is widely utilized in civil engineering applications including road construction and maintenance, railway track maintenance & repair, slope stabilization & improvement projects etc., mainly because they provide accurate measurement related information about structural deformation under load thereby aiding decision-making processes during infrastructure development activities.
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 increasing demand for strain gauge sensors from several end-use industries such as automotive, aerospace and defense, energy and power.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to rising investments by various government organizations for development of infrastructure facilities in countries such as India, China, Japan among others. Moreover, rapid industrialization coupled with growing need for advanced electrical equipment across numerous applications is also likely to drive product demand during the projected time frame.
Growth Factors:
- Increasing demand for strain gauges in the automotive and aerospace industries due to the growing need for precision measurement and control.
- Growing popularity of smart sensors and the Internet of Things (IoT) is expected to drive the growth of the strain gauge market over the forecast period.
- Rising demand from emerging economies such as China, India, Brazil, and Mexico is also expected to contribute to market growth during the forecast period.
- Technological advancements in strain gauge technology that are resulting in smaller, lighter, and more sensitive gauges are also anticipated to fuel market growth over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Strain Gauge Market Research Report
By Type
Stress Analysis Type, Transducer Type, Other (for Special Applications)
By Application
Electrical Equipment, Civil Engineering, Building Construction, Chemicals and Medicine, Other
By Companies
VPG, HBM, Zemic, Yiling, HYCSYQ, NMB, KYOWA, LCT, Omega, TML, BCM, Piezo-Metrics, Hualanhai
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Strain Gauge Market Report Segments:
The global Strain Gauge market is segmented on the basis of:
Types
Stress Analysis Type, Transducer Type, Other (for Special Applications)
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
Electrical Equipment, Civil Engineering, Building Construction, Chemicals and Medicine, 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:
- VPG
- HBM
- Zemic
- Yiling
- HYCSYQ
- NMB
- KYOWA
- LCT
- Omega
- TML
- BCM
- Piezo-Metrics
- Hualanhai
Highlights of The Strain Gauge 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:
- Stress Analysis Type
- Transducer Type
- Other (for Special Applications)
- By Application:
- Electrical Equipment
- Civil Engineering
- Building Construction
- Chemicals and Medicine
- 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 Strain Gauge 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 strain gauge is a device used to measure the force or stress applied to an object. It consists of a metal strip with small, closely spaced holes in it. When the strip is stretched, the distance between the holes changes. This change can be measured and used to calculate how much force or stress was applied.
Some of the major companies in the strain gauge market are VPG, HBM, Zemic, Yiling, HYCSYQ, NMB, KYOWA, LCT, Omega, TML, BCM, Piezo-Metrics, Hualanhai.
The strain gauge market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Strain Gauge Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Strain Gauge Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Strain Gauge Market - Supply Chain
4.5. Global Strain Gauge Market Forecast
4.5.1. Strain Gauge Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Strain Gauge Market Size (000 Units) and Y-o-Y Growth
4.5.3. Strain Gauge Market Absolute $ Opportunity
5. Global Strain Gauge Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Strain Gauge Market Size and Volume Forecast by Type
5.3.1. Stress Analysis Type
5.3.2. Transducer Type
5.3.3. Other (for Special Applications)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Strain Gauge Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Strain Gauge Market Size and Volume Forecast by Application
6.3.1. Electrical Equipment
6.3.2. Civil Engineering
6.3.3. Building Construction
6.3.4. Chemicals and Medicine
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Strain Gauge Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Strain Gauge Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Strain Gauge Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Strain Gauge Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Strain Gauge Demand Share Forecast, 2019-2026
9. North America Strain Gauge Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Strain Gauge Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Strain Gauge Market Size and Volume Forecast by Application
9.4.1. Electrical Equipment
9.4.2. Civil Engineering
9.4.3. Building Construction
9.4.4. Chemicals and Medicine
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Strain Gauge Market Size and Volume Forecast by Type
9.7.1. Stress Analysis Type
9.7.2. Transducer Type
9.7.3. Other (for Special Applications)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Strain Gauge Demand Share Forecast, 2019-2026
10. Latin America Strain Gauge Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Strain Gauge Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Strain Gauge Market Size and Volume Forecast by Application
10.4.1. Electrical Equipment
10.4.2. Civil Engineering
10.4.3. Building Construction
10.4.4. Chemicals and Medicine
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Strain Gauge Market Size and Volume Forecast by Type
10.7.1. Stress Analysis Type
10.7.2. Transducer Type
10.7.3. Other (for Special Applications)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Strain Gauge Demand Share Forecast, 2019-2026
11. Europe Strain Gauge Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Strain Gauge Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Strain Gauge Market Size and Volume Forecast by Application
11.4.1. Electrical Equipment
11.4.2. Civil Engineering
11.4.3. Building Construction
11.4.4. Chemicals and Medicine
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Strain Gauge Market Size and Volume Forecast by Type
11.7.1. Stress Analysis Type
11.7.2. Transducer Type
11.7.3. Other (for Special Applicatons)
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Strain Gauge Demand Share, 2019-2026
12. Asia Pacific Strain Gauge Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Strain Gauge Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Strain Gauge Market Size and Volume Forecast by Application
12.4.1. Electrical Equipment
12.4.2. Civil Engineering
12.4.3. Building Construction
12.4.4. Chemicals and Medicine
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Strain Gauge Market Size and Volume Forecast by Type
12.7.1. Stress Analysis Type
12.7.2. Transducer Type
12.7.3. Other (for Special Applications)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Strain Gauge Demand Share, 2019-2026
13. Middle East & Africa Strain Gauge Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Strain Gauge Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Strain Gauge Market Size and Volume Forecast by Application
13.4.1. Electrical Equipment
13.4.2. Civil Engineering
13.4.3. Building Construction
13.4.4. Chemicals and Medicine
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Strain Gauge Market Size and Volume Forecast by Type
13.7.1. Stress Analysis Type
13.7.2. Transducer Type
13.7.3. Other (for Special Applications)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Strain Gauge Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Strain Gauge Market: Market Share Analysis
14.2. Strain Gauge Distributors and Customers
14.3. Strain Gauge Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. VPG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. HBM
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Zemic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Yiling
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. HYCSYQ
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NMB
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. KYOWA
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. LCT
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Omega
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. TML
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. BCM
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Piezo-Metrics
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hualanhai
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook