The load cell market is expected to register a CAGR of 2.6% over the forecast period (2022-2027).
The COVID-19 pandemic had a mixed impact on the market. At the beginning of the pandemic countries worldwide continued to face huge threats of infection. The supply chain disruption caused due to COVID-19 led to shortages of critical medical supplies worldwide. Therefore, many countries have taken definite measures to ease the shortages by importing equipment such as domestic manufacturing of medical devices and related equipment. Although the respiratory failure was one of the primary causes of admission to intensive care during the pandemic, the importance shifted to cardiac disease patients. However, both the respiratory and cardiac patient pool increased drastically. The use of hospital beds increased and even surpassed the available capacity of the hospitals globally. As load cells have a wide application in hospital bed weighing scales the demand for the load cell increased. Hence, anticipated to have a positive impact on the studied market growth.
The increasing demand for load cells across industries, rapid industrial automation across the globe, and uptake of precision force measuring instruments are major factors driving the growth of the studied market. The increasing adoption of load cells in hospital bed settings is another major factor driving the growth of the studied market. As per the Sensotech, high precision and ultra-precision load cell have wide applications in healthcare industry. The load cells are used as sensors for robotic surgery, also they have wide use in health kiosk and hospital bed weighing scale.
Moreover, an article published in March 2020 titled “Load Cells in Medical and Pharmaceutical Applications” mentioned that some of the commercially available load cells are used for precision tension measurements such as the load cell developed by Michigan Scientific Corporation (MSC) measures the tension force applied by the weight of the IV (Intravenous) bag. Load cells can also be used for measurement verification of patient lifts because its critical to accurately measure patient load. The MSC load cells can also be used to optimize the design of the lifts. These increasing product development and adoption in healthcare is anticipated to drive the growth of the studied market over the forecast period.
The digital load cell segment is anticipated to gain popularity over the forecast period among other segments due to its high efficiency and durability.
Load cells are increasingly used in almost all industries such as medical & pharmaceuticals, food & beverage, and others. Digital technologies have gained significant progress over a few years and played a crucial role in the development of load cells for application in the healthcare and pharmaceutical industry. The digital load cells have significantly applied in the mainstream market. Also, market players operating in the load cell market are currently anticipated to focus on the quality of load cells to improve the measuring and weighing accuracy, also the performance of electronic scales.
The article published in August 2021 titled “Analog or Digital Load Cell - Which makes a Better Choice?” stated that, the traditional load cells are suitable for most test and measurement applications, but they carry a huge list of side effects such as cost, space, noise, accuracy, convenience, and temperature co-efficiency, which become variables within the traditional setup. However, the digital load cell produces a more accurate reading, offers more reliable weight reading, accurate calibration or precise reading and are cost effective as per the source mentioned above. Therefore, owing to the advantages the digital load cells offer, it is poised to gain more demand. Hence, driving the growth of the studied segment over the forecast period.
Additionally, some of the available digital load cells also offer high accuracy and can tolerate up to ten times more overload, some other digital load cells come with pre-calibration which makes installation and commissioning fast and simple. These advancements in digital load cells are anticipated to drive the demand over near future, driving the growth of the studied segment.
North America is expected to dominate the load cells market over the forecast period. The factors such as rapid technological advancements, increasing automation in the healthcare infrastructure, and the presence of multiple major players in the countries especially in the United States coupled with new product launches and other strategic activities are the major driving factors boosting the growth of the studied market in the region.
Adding to that, as per a press release in July 2021, the governments of Canada and Quebec announced their plans to invest in 209 infrastructure projects to modernize, redevelop, and upgrade health and social services institutions in Quebec, including hospitals, residential and long-term care centers, local community service centers, and rehabilitation centers. The federal Minister of Infrastructure and Communities, and Minister of Health and Social Services, announced a total of USD 188,3 million in funding for these 209 infrastructure projects. As a result, the investments in healthcare infrastructure are anticipated to drive the growth of the studied market in the countries.
Moreover, presence of multiple major players in the countries specially in the United States and new product launches are the major driving factors which contribute to the growth of the load cell market in the country.
For instance, in October 2021, Medidata, launched its Medidata Sensor Cloud Network. The Medidata Sensor Cloud Network will create the first industry-wide collaboration amongst contract research organizations (CROs), device manufacturers, drug and vaccine developers, analytics companies, and academia focused on solving challenges related to sensor integrations, standardization of sensor data, and the development of digital biomarkers and algorithms. Additionally, in October 2021, Omega Engineering, Inc announced the release of its smallest S-beam load cell with measurements of only 1.25" x 0.5" x 1.1". this LC107 Series Miniature S-Beam Load Cell is shorter than a paper clip and these miniature s-beam load cells are designed to measure ultra-low tension and compression forces accurately. These company activities are anticipated to boost the studied market growth in the country.
Therefore, owing to the aforesaid factors the North America region is anticipated to dominate the market over the forecast period.
The load cell market is fragmented in nature due to the presence of a number of companies globally. The studied market consists of several international as well as local companies which hold most of the market shares and are well known including Siemens, Endress+Hauser, Honeywell International Inc., OMEGA Engineering, TE Connectivity, FUTEK Advanced Sensor Technology, Inc., tecsis GmbH (tecsis (Shenzhen) Sensors Co., Ltd), Flintec, Spectris Technologies Private Ltd (HBM India), and PCB Piezotronics, Inc., among others.
This product will be delivered within 2 business days.
The COVID-19 pandemic had a mixed impact on the market. At the beginning of the pandemic countries worldwide continued to face huge threats of infection. The supply chain disruption caused due to COVID-19 led to shortages of critical medical supplies worldwide. Therefore, many countries have taken definite measures to ease the shortages by importing equipment such as domestic manufacturing of medical devices and related equipment. Although the respiratory failure was one of the primary causes of admission to intensive care during the pandemic, the importance shifted to cardiac disease patients. However, both the respiratory and cardiac patient pool increased drastically. The use of hospital beds increased and even surpassed the available capacity of the hospitals globally. As load cells have a wide application in hospital bed weighing scales the demand for the load cell increased. Hence, anticipated to have a positive impact on the studied market growth.
The increasing demand for load cells across industries, rapid industrial automation across the globe, and uptake of precision force measuring instruments are major factors driving the growth of the studied market. The increasing adoption of load cells in hospital bed settings is another major factor driving the growth of the studied market. As per the Sensotech, high precision and ultra-precision load cell have wide applications in healthcare industry. The load cells are used as sensors for robotic surgery, also they have wide use in health kiosk and hospital bed weighing scale.
Moreover, an article published in March 2020 titled “Load Cells in Medical and Pharmaceutical Applications” mentioned that some of the commercially available load cells are used for precision tension measurements such as the load cell developed by Michigan Scientific Corporation (MSC) measures the tension force applied by the weight of the IV (Intravenous) bag. Load cells can also be used for measurement verification of patient lifts because its critical to accurately measure patient load. The MSC load cells can also be used to optimize the design of the lifts. These increasing product development and adoption in healthcare is anticipated to drive the growth of the studied market over the forecast period.
Key Market Trends
Digital/smart load cells Segment is Expected to Witness Growth Over the Forecast Period
The digital load cell segment is anticipated to gain popularity over the forecast period among other segments due to its high efficiency and durability.
Load cells are increasingly used in almost all industries such as medical & pharmaceuticals, food & beverage, and others. Digital technologies have gained significant progress over a few years and played a crucial role in the development of load cells for application in the healthcare and pharmaceutical industry. The digital load cells have significantly applied in the mainstream market. Also, market players operating in the load cell market are currently anticipated to focus on the quality of load cells to improve the measuring and weighing accuracy, also the performance of electronic scales.
The article published in August 2021 titled “Analog or Digital Load Cell - Which makes a Better Choice?” stated that, the traditional load cells are suitable for most test and measurement applications, but they carry a huge list of side effects such as cost, space, noise, accuracy, convenience, and temperature co-efficiency, which become variables within the traditional setup. However, the digital load cell produces a more accurate reading, offers more reliable weight reading, accurate calibration or precise reading and are cost effective as per the source mentioned above. Therefore, owing to the advantages the digital load cells offer, it is poised to gain more demand. Hence, driving the growth of the studied segment over the forecast period.
Additionally, some of the available digital load cells also offer high accuracy and can tolerate up to ten times more overload, some other digital load cells come with pre-calibration which makes installation and commissioning fast and simple. These advancements in digital load cells are anticipated to drive the demand over near future, driving the growth of the studied segment.
North America is Expected to Dominate the Market Over the Forecast Period
North America is expected to dominate the load cells market over the forecast period. The factors such as rapid technological advancements, increasing automation in the healthcare infrastructure, and the presence of multiple major players in the countries especially in the United States coupled with new product launches and other strategic activities are the major driving factors boosting the growth of the studied market in the region.
Adding to that, as per a press release in July 2021, the governments of Canada and Quebec announced their plans to invest in 209 infrastructure projects to modernize, redevelop, and upgrade health and social services institutions in Quebec, including hospitals, residential and long-term care centers, local community service centers, and rehabilitation centers. The federal Minister of Infrastructure and Communities, and Minister of Health and Social Services, announced a total of USD 188,3 million in funding for these 209 infrastructure projects. As a result, the investments in healthcare infrastructure are anticipated to drive the growth of the studied market in the countries.
Moreover, presence of multiple major players in the countries specially in the United States and new product launches are the major driving factors which contribute to the growth of the load cell market in the country.
For instance, in October 2021, Medidata, launched its Medidata Sensor Cloud Network. The Medidata Sensor Cloud Network will create the first industry-wide collaboration amongst contract research organizations (CROs), device manufacturers, drug and vaccine developers, analytics companies, and academia focused on solving challenges related to sensor integrations, standardization of sensor data, and the development of digital biomarkers and algorithms. Additionally, in October 2021, Omega Engineering, Inc announced the release of its smallest S-beam load cell with measurements of only 1.25" x 0.5" x 1.1". this LC107 Series Miniature S-Beam Load Cell is shorter than a paper clip and these miniature s-beam load cells are designed to measure ultra-low tension and compression forces accurately. These company activities are anticipated to boost the studied market growth in the country.
Therefore, owing to the aforesaid factors the North America region is anticipated to dominate the market over the forecast period.
Competitive Landscape
The load cell market is fragmented in nature due to the presence of a number of companies globally. The studied market consists of several international as well as local companies which hold most of the market shares and are well known including Siemens, Endress+Hauser, Honeywell International Inc., OMEGA Engineering, TE Connectivity, FUTEK Advanced Sensor Technology, Inc., tecsis GmbH (tecsis (Shenzhen) Sensors Co., Ltd), Flintec, Spectris Technologies Private Ltd (HBM India), and PCB Piezotronics, Inc., among others.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION (Market Size by Value - USD million)
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Siemens
- Endress+Hauser
- Honeywell International Inc.
- Spectris (Omega Engineering Inc.)
- TE Connectivity
- FUTEK Advanced Sensor Technology, Inc.
- tecsis GmbH (tecsis (Shenzhen) Sensors Co., Ltd)
- Flintec
- ALFA LAVAL
- Amphenol Corporation (PCB Piezotronics, Inc.)
Methodology
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