Load Monitoring System Market 2019 Global Industry Size, Growth Analysis, Trends, Gross Margin, Emerging Technology, Comprehensive Analysis by Forecast to 2023

Load Monitoring System Market Research Report, By Product (Load Cell, Indicator and Controller, Data Logging Software), Technology (Analog and Digital), and Industry Vertical (Aerospace, Marine, Automotive, Healthcare) by Global Forecast till 2023

Pune, India - March 20, 2019 /MarketersMedia/ —

Market Synopsis

Globally, the load monitoring system market is expected to grow from USD 2.41 billion in 2019 to USD 3.06 billion by 2023, at a CAGR of 4.9% during the forecast period, 2019–2013. Load monitoring system is a set of hardware and software tools that is used for test & measurement and weighing various products during their manufacturing. The system, as a whole, ensures manufacturing of high-quality products, characterized by accuracy, efficiency, responsiveness, and control. The increasing demand for reliable and efficient products drives growth of the global Load Monitoring System Market while complexities in the manufacturing processes and lack of standards are acting as restraining factors for the market.

Among various products, load cells segment is the largest contributor whereas load indicator and controller segment is expected to grow with the highest CAGR during the forecast period. The growth can be attributed to increasing demand for display units for easy reading of the test results. The increasing adoption of IoT in industrial manufacturing is expected to further contribute in the growth rate of load indicator and controller segment.

Load monitoring system has a wide adoption in the industry verticals of automotive, aerospace, marine, healthcare, oil & gas, construction, food and beverages, and agriculture. Among these, automotive segment is expected to be the largest contributor while healthcare is expected to grow with the highest CAGR. Rising need for smart health devices drives the adoption of load monitoring system in the healthcare industry vertical.

Get Free Sample Copy Report Load Monitoring System Market @ https://www.marketresearchfuture.com/sample_request/7419

Key players

The prominent players in load monitoriong system market are Spectris (UK), Precia Molen (France), Fllintec (US), LCM Systems (UK), Straightpoint (UK), Vishay Precision Group (US), Dynamic Load Monitoring (UK), Wirop Industrial (Taiwan), JCM Load Monitoring (UK), and Mettler Toledo (US).


The global load monitoring system market is segmented into product, technology, industry vertical, and region/country.

By product, the market is segmented into load cell, indicator & controller, and data logging software. Load cell is futher segmented into single beam load cell, dual shear load cell, bending beam load cell, S-type load cell, and others.

By technology, the market is segmented into analog and digital.

By industry vertical, the market is segmented into aerospace, marine, automotive, construction, healthcare, food & beverages, oil & gas, and agriculture.

By region, the market is segmented into North America, Europe, Asia-Pacific and the rest of the world.

Regional Analysis

The global market for load monitoring system market is estimated to grow at a significant rate during the forecast period from 2019 to 2023. The geographical analysis of global load monitoring system market is studied for North America, Europe, Asia-Pacific, and rest of the world.

Europe is expected to dominate the load monitoring system market during the forecast period. The region is considered as most advanced region in terms of development and adoption of innovative technologies in the field of industrial manufacturing. The region has a huge potential for revenue generation in the load monitoring system market, particularly from automotive, aerospace, marine, and healthcare industry verticals. The UK is expected to be the dominating country in the load monitoring system market in Europe region during the forecast period.

Asia-Pacific is anticipated to be the fastest growing region in the load monitoring system market over the forecast period. China, Japan, and India are the leading countries in the load monitoring system market. The major factors driving the load monitoring system market in the region is the growing industrial and manufacturing sector, particularly in the automotive, marine, and healthcare industry verticals.

Get Complete Report Load Monitoring System Market @ https://www.marketresearchfuture.com/reports/load-monitoring-system-market-7419

Competitive Analysis

The market for global load monitoring system is highly competitive with the presence of many innovative vendors in the market that are also operating in the market for more than 20 years. These companies are majorly strategizing on enhancing their product capabilities and thus significantly investing on their research & development (R&D) activities. The other strategies, such as partnership & collaboration, and acquisition are other preferred inorganic growth strategies of the leading vendors to innovate on product offerinngs and expand their customer bases, globally.

Intended Audience

• Load Monitoring System Manufacturers
• Automotive Industry
• Aerospace Industry
• Shipbuilding Industry
• Manufacturing Industries
• Distributors and Value-added Resellers (VARs)
• Standard Making Bodies
• Test & Measurement Service Providers

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Contact Us:, Market Research Future, Office No. 528, Amanora Chambers, Pune – 411028, Maharashtra, India
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/load-monitoring-system-market-7419

Source URL: https://marketersmedia.com/load-monitoring-system-market-2019-global-industry-size-growth-analysis-trends-gross-margin-emerging-technology-comprehensive-analysis-by-forecast-to-2023/493959

Source: MarketersMedia

Release ID: 493959

More News From stompthecity.com

Boeing 737 Max 8 woes crimp Asian airlines' growth plans

Jun 20, 2019

SINGAPORE — Asian airlines are cutting routes, revamping their schedules and leasing extra aircraft to fill gaps left by the grounding of Boeing 737 Max 8s after deadly crashes in Indonesia and Ethiopia killed 346 people. So far, regional carriers have managed to avoid major disruptions, but analysts expect that idling the Max 8s, a fuel-efficient update of Boeing's popular 737, will crimp growth plans in the near future. As investigations into the crashes continue, Boeing anticipates a $1 billion increase in costs related to the 737 Max, including fixing software implicated in the disasters, adding pilot training and compensating...

Brunei death penalty moratorium applied to new Shariah laws

Jun 20, 2019

KUALA LUMPUR, Malaysia — Brunei's sultan has said a moratorium on capital punishment is in effect for new Shariah criminal laws including stoning people for gay sex and adultery that sparked an international outcry. The United Nations has called the laws implemented April 3 "draconian" while the U.S. and several other countries have urged Brunei to halt its plans. Celebrities including George Clooney, Elton John and Ellen DeGeneres have rallied for a boycott of nine hotels in the U.S. and Europe linked to Brunei. Even before 2014, homosexuality was already punishable in Brunei by a jail term of up to...

Asian soccer candidate files complaint about Kuwaiti sheikh

Jun 20, 2019

KUALA LUMPUR, Malaysia — A candidate who lost an election to join the FIFA Council this month has filed a formal complaint accusing Olympic powerbroker Sheikh Ahmad al-Fahad al-Sabah of "threats and manipulation." Mariyam Mohamed of Maldives says in a letter to the Asian Football Confederation's election oversight committee that "women's football should work and run independently of the apparent politics and vote rigging that clearly occurred." In the letter, seen by The Associated Press, Mohamed requests an investigation into the Kuwaiti sheikh's supposed influence on the April 6 vote in Kuala Lumpur. Mohamed says the sheikh told her she...

Malaysia says revised China deal shows costs were inflated

Jun 20, 2019

KUALA LUMPUR, Malaysia — Malaysia's prime minister said Monday a Chinese company building a rail link across the Southeast Asian nation will jointly help to manage and operate the network, part of revised deal that will get the stalled project off the ground at a lower cost and ease strained relations. The East Coast Rail Link across peninsular Malaysia was suspended after Prime Minister Mahathir Mohamad's alliance swept into power last May and said it would review large-scale infrastructure projects to rein in surging national debt that it blamed mostly on corruption in the previous government. Canceling the project risked...

Malaysia won't join ICC over pressure from Muslim opposition

Jun 20, 2019

KUALA LUMPUR, Malaysia — Prime Minister Mahathir Mohamad said Friday Malaysia won't ratify the Rome Statute of the International Criminal Court, the second treaty the government is withdrawing from after coming under pressure from the majority Muslim opposition. Malaysia earlier this year backtracked on acceding to a U.N. treaty against racial discrimination following a massive Muslim rally. Mahathir said the Cabinet decided not to ratify the Rome Statute as it has been manipulated by his opponents. He rejected allegations that the treaty will undermine Malaysia's sovereignty and its royal families after a powerful state sultan joined the opposition to Malaysia's...

Stomp The City brings to you the latest trending news in Malaysia. Along with our daily active audiences and the efficient editorial team here in Stomp The City, we’re able to make things go viral in almost no time. Together, we are stronger.

Contact us: sales@stompthecity.com