Pre-order Enquiry
Request Free Sample
Healthcare
Aerospace & Defence
Agriculture
Automations
Chemicals & Advanced Materials
Food & Beverages
Information & Communication Technology
Oil & Gas
Power & Energy
A strain gauge (or strain gage) is a sensor whose resistance varies with applied force; it converts force, pressure, tension, weight, etc., into a change in electrical resistance which can then be measured. When external forces are applied to a stationary object, stress and strain are the result. Stress is defined as the object's internal Strain Gauge forces, and strain is defined as the displacement and deformation that occur.
Market Analysis and Insights: Global Strain Gauge Sensors Market
Due to the COVID-19 pandemic, the global Strain Gauge Sensors market size is estimated to be worth US$ 195.3 million in 2022 and is forecast to a readjusted size of US$ 231.8 million by 2028 with a CAGR of 2.9% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Metal Strain Gauge Sensors accounting for % of the Strain Gauge Sensors global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Weighing Equipment segment is altered to an % CAGR throughout this forecast period.
At present, the world's large brands are mainly concentrated in USA, Japan and Europe. The top three manufacturers are Vishay, HBM, Zemic, respectively with global production market share as 8%, 7% and 5%.The global largest market is in China and the consumption value share is 32%, and the secondary market is USA, and the consumption volume share is 23%.
Global Strain Gauge Sensors Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Strain Gauge Sensors Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Metal Strain Gauge Sensors
Semiconductor Strain Gauge Sensors
Segment by Application
Weighing Equipment
Aerospace
Cranes
Others
By Company
Vishay
HBM
NMB
KYOWA
Zemic
Yiling
HYCSYQ
LCT
Hualanhai
Omega
TML
BCM
Piezo-Metrics
Production by Region
North America
Europe
Middle East & Africa
Southeast Asia
Japan
China
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Market Analysis and Insights: Global Strain Gauge Sensors Market
Due to the COVID-19 pandemic, the global Strain Gauge Sensors market size is estimated to be worth US$ 195.3 million in 2022 and is forecast to a readjusted size of US$ 231.8 million by 2028 with a CAGR of 2.9% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Metal Strain Gauge Sensors accounting for % of the Strain Gauge Sensors global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Weighing Equipment segment is altered to an % CAGR throughout this forecast period.
At present, the world's large brands are mainly concentrated in USA, Japan and Europe. The top three manufacturers are Vishay, HBM, Zemic, respectively with global production market share as 8%, 7% and 5%.The global largest market is in China and the consumption value share is 32%, and the secondary market is USA, and the consumption volume share is 23%.
Global Strain Gauge Sensors Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Strain Gauge Sensors Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Metal Strain Gauge Sensors
Semiconductor Strain Gauge Sensors
Segment by Application
Weighing Equipment
Aerospace
Cranes
Others
By Company
Vishay
HBM
NMB
KYOWA
Zemic
Yiling
HYCSYQ
LCT
Hualanhai
Omega
TML
BCM
Piezo-Metrics
Production by Region
North America
Europe
Middle East & Africa
Southeast Asia
Japan
China
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
