Load Cell Market

Load Cell Market : Structure and Overview of Key Market Forces
Propelling Market
According to a new research report by Transparency Market Research (TMR), the global load
cell market demonstrates a highly competitive and a fragmented structure due to the presence of
a large number of players. The top three players, namely, Mettler-Toledo International Inc.,
Precia Molen, and Vishay Precision Group Inc., could hold only 20% of the overall market in
2015.
Analysts at TMR estimated the global market for load cells to rise at a CAGR of 3.50% during
the period from 2016 to 2024, increasing the market’s opportunity from US$1.87 bn in 2015 to
US$2.55 bn by the end of the forecast period. Currently, analog load cells have been registering a
higher demand than digital load cells and the scenario is projected to remain so throughout the
period of the forecast.
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Geographically, the global market for load cells has been classified into Europe, North America,
Asia Pacific, the Middle East and Africa, and Latin America in this research report. Among
these, Europe has acquired the leading position, thanks to the increased application of these cells
in the oil and gas, automotive, aerospace and defense, and the bulk material handling industries.
Analysts project this regional market to remain leading throughout the forecast period, rising at a
CAGR of 2.90%.
The presence of a large pool of companies, catering to bulk material handling industries, such as
the cement, coal and iron ore mining, and railway sectors, is also expected to support the Europe
market for load cells in the years to come. Germany and the U.K. are anticipated to surface as the
prime domestic players in this regional market over the next few years.
The report considers the bulk material handling, retail, healthcare, agriculture equipment, oil and
gas, aerospace and defense, and the automotive industries as the key end users of load cells. The
oil and gas industry has been recording a greater demand for load cells than other end user and is
expected to continue doing so over the forecast period, states the research report.

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“With the growing demand for home hemodialysis (HHD) machines, the usage of load cells has
increased phenomenally in the medical and healthcare sector, impacting the global load cell
market greatly,” says a TMR analyst. The rising need for infusion pumps, on account of the
increasing prevalence of chronic diseases, surging geriatric population, and the upswing in the
number of surgical procedures, is likely to drive this market further in the near future.
Although the future of this market looks thriving, it may face obstacles, such as the declining
demand for analog load cells across various industries over the forecast period. However, the
augmenting demand for digital load cells in the heavy lifting industry will create new growth
opportunities for market players in the years to come, report the market study.
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