Load Monitoring Systems Market by Product and Geography - Forecast and Analysis 2022-2026
- Published: May 2022
- Pages: 120
- SKU: IRTNTR40221
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The load monitoring system market share is expected to reach an estimated USD 724.72 million by 2026 at an accelerating CAGR of 4.14%.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, the market research report extensively covers market segmentation by product (load cell, Indicator and controller, and data logging software), and geography (Europe, North America, APAC, South America, and Middle East and Africa).
The load monitoring system market report also offers information on several market vendors, including Airtec Corp., Dynamic Load Monitoring UK Ltd., Eilersen Electric Digital Systems AS, Euroload Inc., FUTEK Advanced Sensor Technology Inc., Indutrade AB, James Fisher and Sons Plc, JCM Load Monitoring Ltd., LCM Systems Ltd., Load Monitoring Systems Ltd., Mantracourt Electronics Ltd., Mettler Toledo International Inc., Precia SA, Spectris Plc, Standard Loadcells, Strainsert Inc., Thames Side Sensors Ltd., The Crosby Group LLC, Vishay Precision Group Inc., and WIKA Alexander Wiegand SE and Co. KG among others.
eilersen.dk - The company offers load monitoring system products such as digital load cells, weighing modules, and weighing terminals. The unified segment focuses on the development, production, and sale of high-quality robust industrial sensors based on capacitive technology for measuring power and weight.
What will the Load Monitoring System Market Size be During the Forecast Period?
Get the Load Monitoring System Market Size Forecast by Downloading the Report Sample
Parent Market Analysis
Technavio categorizes the global load monitoring system market as a part of the global electrical components and equipment market within the global electrical equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the load monitoring system market during the forecast period.
Load Monitoring System Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The increasing use of load monitoring systems in the healthcare sector is notably driving the load monitoring system market growth, although factors such as compliance with strict regulations may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Load Monitoring System Market Driver
- One of the key factors driving growth in the load monitoring system market is the increasing use of load monitoring systems in the healthcare sector.
- The growing geriatric population in countries such as Japan and China and the increasing prevalence of chronic diseases are encouraging governments of various countries to increase investments in the healthcare sector.
- Load monitoring systems are used in the healthcare sector for a wide range of delicate fluid-monitoring applications, such as kidney dialysis, endoscopic surgery, and blood donation. The increasing use of load monitoring systems in the healthcare sector will lead to the growth of the market in focus during the forecast period.
Key Load Monitoring System Market Trend
- The growing number of strategic alliances is a load monitoring system market trend that is expected to have a positive impact in the coming years.
- The global load monitoring systems market is fragmented. Intense competition and rapidly evolving technologies pose a significant threat to vendors. With the increasing demand for load monitoring systems from various end-users, vendors are opting for M&A activities and strategic alliances to improve their market reach and customer base.
- Vendors of the load monitoring system are investing extensively in joint ventures and acquisitions to capture a major share of the global load monitoring systems market and expand their presence in new regions. These strategic alliances and partnerships help vendors enhance their operations and expand their geographic presence.
Key Load Monitoring System Market Challenge
- Compliance with strict regulations will be a major challenge for the load monitoring system market during the forecast period.
- Vendors that offer load monitoring systems need to comply with regulations framed by organizations such as the International Organization for Standardization (ISO), Australian Standard AS 1418 Cranes (Including Hoists and Winches), and Occupational Health and Safety Assessment Series (OHSAS). Such regulations help in ensuring safety and consistency.
- Compliance with the above-mentioned regulations can increase the operational cost incurred by vendors, which, in turn, affects their profit margins. Hence, vendors find it difficult to manage their profit margins while complying with such regulations, which can impact the growth of the global load monitoring systems market.
This load monitoring system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Load Monitoring System Market Value Chain Analysis
Our In-house experts produce extensive information on the value chain and parent market of the load monitoring system market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
Which are the Key Regions for the Load Monitoring System Market?
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32% of the market's growth will originate from Europe during the forecast period. Germany and UK are the key markets for load monitoring system in Europe. Market growth in this region will be slower than the growth of the market in other regions.
Germany, the UK, France, and Italy are the key revenue contributors to the load monitoring systems market in Europe. This is attributed to the growing automotive and cargo industry in the region. The increase in investments in vehicle production, including autonomous vehicles, would lead to a rise in the demand for load monitoring systems in the region in the coming years. This will facilitate the load monitoring system market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What is the Fastest-Growing Product Segment in the Load Monitoring System Market?
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The load monitoring system market share growth by the load cell segment will be significant during the forecast period. The demand for load cells is increasing in the healthcare and food industries. Digital load cells have a long and stable signal range and enable the proliferation of hermetically sealed load cells because of their advantages, such as higher cell protection, moisture resistance, and high compatibility with wet and high-humidity applications. This is encouraging various vendors in the market to offer products such as digital load cells.
This report provides an accurate prediction of the contribution of all the segments to the growth of the load monitoring system market size and actionable market insights on the post-COVID-19 impact on each segment.
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Load Monitoring System Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.14% |
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Market growth 2022-2026 |
USD 724.72 million |
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Market structure |
Fragmented |
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YoY growth (%) |
3.2 |
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Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
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Performing market contribution |
Europe at 32% |
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Key countries |
US, Canada, China, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Airtec Corp., Dynamic Load Monitoring UK Ltd., Eilersen Electric Digital Systems AS, Euroload Inc., FUTEK Advanced Sensor Technology Inc., Indutrade AB, James Fisher and Sons Plc, JCM Load Monitoring Ltd., LCM Systems Ltd., Load Monitoring Systems Ltd., Mantracourt Electronics Ltd., Mettler Toledo International Inc., Precia SA, Spectris Plc, Standard Loadcells, Strainsert Inc., Thames Side Sensors Ltd., The Crosby Group LLC, Vishay Precision Group Inc., and WIKA Alexander Wiegand SE and Co. KG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Load Monitoring System Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive load monitoring system market growth during the next five years
- Precise estimation of the load monitoring system market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the load monitoring system industry across Europe, North America, APAC, South America, and Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive analysis of factors that will challenge the growth of load monitoring system market vendors
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 Load cell - Market size and forecast 2021-2026
- Exhibit 28: Chart on Load cell - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Load cell - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Load cell - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Load cell - Year-over-year growth 2021-2026 (%)
- 5.4 Indicator and controller - Market size and forecast 2021-2026
- Exhibit 32: Chart on Indicator and controller - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Indicator and controller - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Indicator and controller - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Indicator and controller - Year-over-year growth 2021-2026 (%)
- 5.5 Data logging software - Market size and forecast 2021-2026
- Exhibit 36: Chart on Data logging software - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Data logging software - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Data logging software - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Data logging software - Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by Product
- Exhibit 40: Market opportunity by Product ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 Germany - Market size and forecast 2021-2026
- Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.11 UK - Market size and forecast 2021-2026
- Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.12 Canada - Market size and forecast 2021-2026
- Exhibit 82: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 Eilersen Electric Digital Systems AS
- Exhibit 93: Eilersen Electric Digital Systems AS - Overview
- Exhibit 94: Eilersen Electric Digital Systems AS - Product / Service
- Exhibit 95: Eilersen Electric Digital Systems AS - Key offerings
- 10.4 FUTEK Advanced Sensor Technology Inc.
- Exhibit 96: FUTEK Advanced Sensor Technology Inc. - Overview
- Exhibit 97: FUTEK Advanced Sensor Technology Inc. - Product / Service
- Exhibit 98: FUTEK Advanced Sensor Technology Inc. - Key offerings
- 10.5 Indutrade AB
- Exhibit 99: Indutrade AB - Overview
- Exhibit 100: Indutrade AB - Business segments
- Exhibit 101: Indutrade AB - Key offerings
- Exhibit 102: Indutrade AB - Segment focus
- 10.6 James Fisher and Sons Plc
- Exhibit 103: James Fisher and Sons Plc - Overview
- Exhibit 104: James Fisher and Sons Plc - Business segments
- Exhibit 105: James Fisher and Sons Plc - Key offerings
- Exhibit 106: James Fisher and Sons Plc - Segment focus
- 10.7 LCM Systems Ltd.
- Exhibit 107: LCM Systems Ltd. - Overview
- Exhibit 108: LCM Systems Ltd. - Product / Service
- Exhibit 109: LCM Systems Ltd. - Key offerings
- 10.8 Mettler Toledo International Inc.
- Exhibit 110: Mettler Toledo International Inc. - Overview
- Exhibit 111: Mettler Toledo International Inc. - Business segments
- Exhibit 112: Mettler Toledo International Inc. - Key offerings
- Exhibit 113: Mettler Toledo International Inc. - Segment focus
- 10.9 Precia SA
- Exhibit 114: Precia SA - Overview
- Exhibit 115: Precia SA - Business segments
- Exhibit 116: Precia SA - Key offerings
- Exhibit 117: Precia SA - Segment focus
- 10.10 Spectris Plc
- Exhibit 118: Spectris Plc - Overview
- Exhibit 119: Spectris Plc - Business segments
- Exhibit 120: Spectris Plc - Key news
- Exhibit 121: Spectris Plc - Key offerings
- Exhibit 122: Spectris Plc - Segment focus
- 10.11 Vishay Precision Group Inc.
- Exhibit 123: Vishay Precision Group Inc. - Overview
- Exhibit 124: Vishay Precision Group Inc. - Business segments
- Exhibit 125: Vishay Precision Group Inc. - Key offerings
- Exhibit 126: Vishay Precision Group Inc. - Segment focus
- 10.12 WIKA Alexander Wiegand SE and Co. KG
- Exhibit 127: WIKA Alexander Wiegand SE and Co. KG - Overview
- Exhibit 128: WIKA Alexander Wiegand SE and Co. KG - Product / Service
- Exhibit 129: WIKA Alexander Wiegand SE and Co. KG - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 130: Inclusions checklist
- Exhibit 131: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 132: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 133: Research methodology
- Exhibit 134: Validation techniques employed for market sizing
- Exhibit 135: Information sources
- 11.5 List of abbreviations
- Exhibit 136: List of abbreviations
- adoption of automation in manufacturing the process: The requirement of automation has evolved multifold in the industrial environment. The automation solutions have improved from the implementation of fixed automation to the current flexible and integrated automation, which enables end-users to integrate various processes into a single closed solution. The need to address optimization of processes, extend the level of autonomous processes, continuous monitoring and control of process parameters and safety concerns are driving the implementation of flexible automation solutions in the process and discrete industries.
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- US
- Canada
- China
- Germany
- UK
- increasing use of load monitoring systems in healthcare sector
- Growing number of strategic alliances
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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