Rising demand for load cells in healthcare sector is expected to increase demand for load cells. Medical devices and equipment including dialysis machines (in-center and in house hemodialysis), infusion pumps and surgical instruments among others are increasing the demand for load cells.
Albany, NY -- (SBWIRE) -- 06/12/2017 -- With the rising global demand for digital load cells in the heavy lifting industry, the future of global load cell market looks promising and is the focus of a new market report added to the vast online collection of Market Research Reports Search Engine (MRRSE). The title of this report is "Load Cell Market - Global Industry Analysis Size Share Growth Trends and Forecast 2016 – 2024". This research report is a thorough analysis of the global load cell market by covering each and every facet of the industry.
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The report predicts that the global market for Load Cell will expand at a CAGR of 3.50% from 2016 to 2024. Surging at this rate, the market is expected to reach US$2.55 billion by 2024 from US$1.87 billion in 2015. This growth can be attributed to the increasing demand for load cells in healthcare sector. Another factor driving growth in the market is the rising use of load cells in the testing applications across the aerospace and aviation industries.
Furthermore, the report also offers assessment of different market dynamics that are impacting the global market, along with the restraints and opportunities faced by major players. All these aspects help in determining different market trends that have been impacting the overall market's trajectory. Furthermore, an extensive analysis of the region-wise growth parameters of load cell market, along with a forecast for the period of 2016-2024 is included within this study.
Apart from the above elements, the report also includes the market attractiveness analysis of different types, technologies, major application areas and geographical regions of the load cells. Based on end-user industries, the load cell market is segmented into agriculture equipment, oil & gas, healthcare, aerospace & defense, bulk material handling, automotive, retail and others. The major types of load cell are single-point, shear beam, s-type and others. Geographically, the global load cell market is segregated into North America, Asia Pacific, Europe, Middle East & Africa (MEA) and Latin America.
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The competitive landscape analysis included in the report is inclusive of the several business and financial strategies adopted by the major players and their recent developments. Some of the leading companies operating in the global market are Honeywell International Inc. (the U.S.), OMEGA Engineering Inc. (the U.S.), Vishay Precision Group (VPG) (the U.S.), Flintec Group AB (the U.K.), Thames Side Sensors Ltd. (the U.K.), FUTEK Advanced Sensor Technology (the U.S.), Zhonghang Electronic Measuring Instruments Co. Ltd. (ZEMIC) (China), Novatech Measurements Ltd. (the U.K.), Yamato Scale Co. Ltd (Japan), Hottinger Baldwin Messtechnik GmbH (HBM) (Germany), Mettler Toledo International Inc. (the U.S.), Precia Molen (France) among others.
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