August 01, 2023 10:00 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES Load Button
Wilmington, Delaware, United States, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global market for load cell market was estimated to have acquired a market valuation of around US$ 201.7 billion in 2021. The market is likely to grow with a steadily increasing 3.6% CAGR from 2022 to 2031 and by 2031; the market is likely to gain US$ 285.2 billion.
Load cells that are suitable for underwater operation and are hermetically sealed are required by the maritime industry. In the maritime sector, load cells are employed for tasks including fishing boat & net line tension, anchor force measurement, and towing.
The tensile force imparted to a running cable or a running rope is measured using load cells. These cells are often used in maritime and oil & gas equipment for towage and haulage, mooring control, rope tension measurement, and winch force measurement. Load cells are also used in tension testing, anchoring and tethering of wave energy generators, and the construction of offshore wind cables.
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Key Findings of the Market Report
Market Trends in the Load Cell Landscape
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Global Load Cell Market Regional Outlook
Global Load Cell Market: Key Players
A large number of prominent competitors controls the bulk of the globally fragmented load cell market. A number of businesses are investing in R&D projects to create effective products. Leading businesses are implementing cutting-edge tactics including new partnerships, product development, and collaborations to open up attractive market potential for load cells.
Some of the well-known load cell businesses operating in the international market include TE Connectivity, WIKA, FUTEK Advanced Sensor Technology, Inc., Honeywell International Inc., OMEGA Engineering, Inc., ABB Ltd, Alfa Laval AB, Flintec, Mettler-Toledo International Inc., HBK, Broadporte Holding (Althen Sensors & Controls), Force Switch Corp., Vishay Precision Group, Inc., Interface, Inc., Sensors And Synergy S.A., and Load Cell Central.
Some developments by the key players in the global market for load cell market are:
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Global Load Cell Market Segmentation By Type
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