Load Monitoring System Market: Global Industry Research Report 2020-2027 | Envisage Research
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Load Monitoring System Market - By Offering (Load Cell, Indicator and Controller, Data Logging Software) By Technology (Analog, Digital) By Geography (North America, Europe, Asia Pacific, Rest of the World) - Industry Analysis, Opportunity and Forecast 2020 To 2027

Published Date: May 2021

No. of Pages: 183

Status: Published

Report Code: EMR100623

The load monitoring system market was valued at USD 2.88 billion in 2020 and is expected to reach USD 3.79 billion by 2027, at a CAGR of 4.0 % from 2020 to 2027. Historically, load cells used for load monitoring showed a few errors in the measurement of data owing to harsh environmental conditions, the transfer of data from load cells to indicators through wires or cables, and the technical glitches in components. Owing to continuous technological innovations made in load cells, remote monitoring technology development enabled data transmission through Bluetooth and not through physical cables. This development reduced the number of errors caused by disturbances in connecting cables. The errors caused due to harsh environmental conditions have been solved using high-quality IP67 protection, which allows the usage of load cells in a harsh industrial environment. These technological innovations in load cells have reduced instrumental errors and thus increased their demand in various industries. Further, analog load cells need to transmit data passing through an A/D converter, which might lead to errors due to disturbances in the converter. To reduce these errors, various companies have integrated the A/D converter into the load cell.

The manufacturers of the load monitoring system have to comply with a number of quality and safety standards. The standards to be followed in end-user industries of load monitoring system are strict, and complying with these standards requires precise manufacturing of load cells. In the healthcare industry, it is mandatory to ensure that the load cell metals do not react with the components of load that is being measured. The casing of load cells needs to be tight, else either liquid materials or minute particles can damage the electronic circuit of the load cell. Also, the load cells used in the aerospace industry must be robust and possess high tensile strength to withstand the high pressure.

A digital load cell gives a digital output to be read by load indicators and software. It has an integral A/D convertor. The integral A/D convertor helps in reducing errors caused during external conversion. The application of digital load cells in packaging machines, filling machines, sorting machines, and check weighers, among others, gives accurate, continuous, and fast readings. The output given by the digital load cell is convenient and allows independent communication between load cells and systems. The high level of functionality and accuracy provided by digital load cells have resulted in increased demand in various industries. The digital load cells are comparatively easy to install and synchronize with any system.

The prominent players in load monitoriong system market are Spectris (UK), PreciaMolen (France), Fllintec (US), LCM Systems (UK), Straightpoint (UK), Vishay Precision Group (US), Dynamic Load Monitoring (UK), Wirop Industrial (Taiwan), JCM Load Monitoring (UK), and Mettler Toledo (US).

Analyst Commentary

Analog load monitoring is the most widely used technology owing to its ease of implementation and low cost. Various industries such as food & beverages, agriculture, mining, and automotive have a high demand for analog load monitoring system.

The development in technology and functionality of medical devices and digitization in healthcare operations are the factors fuelling the growth of load cells in the healthcare industry. Further, load cells are expected to be used in several applications, including a wide range of preventive medical equipment, in the coming years.

Asia-Pacific is anticipated to be the fastest growing region in the load monitoring system market over the forecast period. China, Japan, and India are the leading countries in the load monitoring system global market. The major factors driving the load monitoring system global market in the region is the growing industrial and manufacturing sector, particularly in the automotive, marine, and healthcare industry verticals.

Segmentation

The global market is segmented based on offering , technology and region. On the basis of offering the market is segmented into load cell, Indicator and Controller, Data Logging Software. On the basis of technology the market is segmented into Analog, Digital

Regional Analysis

Regionally, Asia Pacific is expected to hold an enormous potential in the global load monitoring systems market. This is fueled tellingly by the rising adoption of load monitoring systems in automotive applications. The proliferation of commercial vehicles of various types in key economies in the region is spurring the demand for load monitoring systems. In addition, substantial chunks of revenues in the region also come from pharmaceuticals and shipbuilding industries. Growing number of product launches in recent years has also fueled prospects of the load monitoring systems market.

Europe is expected to dominate the load monitoring system global market during the forecast period. The region is considered as most advanced region in terms of development and adoption of innovative technologies in the field of industrial manufacturing. The region has a huge potential for revenue generation in the load monitoring system industry, particularly from automotive, aerospace, marine, and healthcare industry verticals. The UK is expected to be the dominating country in the market of load monitoring system in Europe region during the forecast period.

TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data Sources
2.3.1. Secondary Sources
2.3.1.1. Preliminary data mining
2.3.2. Primary Sources
2.3.2.1. Statistical Model
2.3.2.2. Data Triangulation
2.3.2.3. Research Objective
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. xx
3.3. Market drivers
3.3.1. Impact analysis of Market Drivers
3.4. Market restraints
3.4.1. Impact analysis of Market Restraints
3.5. Market opportunities
3.5.1. Impact analysis of Market Opportunities
3.6. Market Challenges
3.6.1. Impact analysis of Market Trends
3.7. Porter’s Five Forces’ analysis
3.7.1. Bargaining Engine Powered of Suppliers
3.7.2. Bargaining Engine Powered of Buyers
3.7.3. Threat of New Entrant
3.7.4. Threat of Substitutes
3.7.5. High Competitive Rivalry
3.8. Value chain analysis
Chapter 4. COVID-19 Impact On Load monitoring system Market
Chapter 5. Global Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
5.1. Global Load monitoring system Market Share, By Offering, 2015 - 2027 (USD Billion)
5.1.1. Load Cell
5.1.1.1. Market Size and Projections, 2015 - 2027 (USD Billion)
5.1.1.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
5.1.2. Indicator and Controller
5.1.2.1. Market Size and Projections, 2015 - 2027 (USD Billion)
5.1.2.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
5.1.3. Data Logging Software
5.1.3.1. Market Size and Projections, 2015 - 2027 (USD Billion)
5.1.3.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
Chapter 6. Global Load monitoring system Market Overview, By Technology, 2015 - 2027 (USD Billion)
6.1. Global Load monitoring system Market Share, By Technology, 2015 - 2027 (USD Billion)
6.1.1. Analog
6.1.1.1. Market Size and Projections, 2015 - 2027 (USD Billion)
6.1.1.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
6.1.2. DIGITAL
6.1.2.1. Market Size and Projections, 2015 - 2027 (USD Billion)
6.1.2.2. Market Size and Projections, by Region, 2015 - 2027 (USD Billion)
Chapter 7. Global Load monitoring system Market Overview, By Geography, 2015 - 2027 (USD Billion)
7.1. Global Load monitoring system Market Share, By Geography, 2015 - 2027 (USD Billion)
7.1.1. Market Size and projections, by Countries, 2015 - 2027 (USD Billion)
7.1.2. Market Share and CAGR Comparison, by Countries, 2020 & 2027 (%)
Chapter 8. North America Load monitoring system Market Overview, By Countries, 2015 - 2027 (USD Billion)
8.1. North America Load monitoring system Market Overview, 2015 - 2027 (USD Billion)
8.1.1. Market size and projections, 2015 - 2027 (USD Billion)
8.1.2. North America Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
8.1.3. North America Load monitoring system Market Overview, By Technology, 2015 - 2027 (USD Billion)
8.1.4. North America Load monitoring system Market Overview, By Countries, 2015 - 2027 (USD Billion)
8.1.4.1. U.S. Load monitoring system Market Overview, 2015 - 2027 (USD Billion)
8.1.4.1.1. Market size and projections, 2015 - 2027 (USD Billion)
8.1.4.1.2. U.S. Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
8.1.4.1.3. Other Segments
8.1.4.2. Canada Load monitoring system Market Overview, 2015 - 2027 (USD Billion)
8.1.4.2.1. Market size and projections, 2015 - 2027 (USD Billion)
8.1.4.2.2. Canada Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
8.1.4.2.3. Other Segments
8.1.4.3. Mexico Load monitoring system Market Overview, 2015 - 2027 (USD Billion)
8.1.4.3.1. Market size and projections, 2015 - 2027 (USD Billion)
8.1.4.3.2. Mexico Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
8.1.4.3.3. Other Segments
Chapter 9. Europe Load monitoring system Market Overview, By Countries, 2015 - 2027 (USD Billion)
9.1. Europe Load monitoring system Market Overview, 2015 - 2027 (USD Billion)
9.1.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.2. Europe Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
9.1.3. Europe Load monitoring system Market Overview, By Technology, 2015 - 2027 (USD Billion)
9.1.4. Europe Load monitoring system Market Overview, By Countries, 2015 - 2027 (USD Billion)
9.1.4.1. Germany
9.1.4.1.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.4.1.2. Germany Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
9.1.4.1.3. Others Segments
9.1.4.2. France
9.1.4.2.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.4.2.2. France Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
9.1.4.2.3. Others Segments
9.1.4.3. UK
9.1.4.3.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.4.3.2. UK Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
9.1.4.3.3. Others Segments
9.1.4.4. Italy
9.1.4.4.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.4.4.2. Italy Load monitoring system Market Overview, By Offering 2015 - 2027 (USD Billion)
9.1.4.4.3. Others Segments
9.1.4.5. Spain
9.1.4.5.1. Market size and projections, 2015 - 2027 (USD Billion)
9.1.4.5.2. Spain Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
9.1.4.5.3. Others Segments
9.1.4.6. Rest of Europe
9.1.4.6.1. Market size and projections, 2015 – 2025
9.1.4.6.2. Rest of Europe Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
9.1.4.6.3. Others Segments
Chapter 10. Asia Pacific Load monitoring system Market Overview, By Countries, 2015 - 2027 (USD Billion)
10.1. Asia Pacific Load monitoring system Market Overview, 2015 - 2027 (USD Billion)
10.1.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.2. Asia Pacific Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
10.1.3. Asia Pacific Load monitoring system Market Overview, By Technology, 2015 - 2027 (USD Billion)
10.1.4. Asia Pacific Load monitoring system Market Overview, By Countries, 2015 - 2027 (USD Billion)
10.1.4.1. India
10.1.4.1.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.4.1.2. India Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
10.1.4.1.3. Other Segments
10.1.4.2. China
10.1.4.2.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.4.2.2. China Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
10.1.4.2.3. Other Segments
10.1.4.3. Japan
10.1.4.3.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.4.3.2. Japan Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
10.1.4.3.3. Other Segments
10.1.4.4. South Korea
10.1.4.4.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.4.4.2. South Korea Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
10.1.4.4.3. Other Segments
10.1.4.5. Rest of Asia Pacific
10.1.4.5.1. Market size and projections, 2015 - 2027 (USD Billion)
10.1.4.5.2. Rest of Asia Pacific Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
10.1.4.5.3. Other Segments
Chapter 11. Middle East & Africa Load monitoring system Market Overview, By Countries, 2015 - 2027 (USD Billion)
11.1. Middle East & Africa Load monitoring system Market Overview, 2015 - 2027 (USD Billion)
11.1.1. Market size and projections, 2015 - 2027 (USD Billion)
11.1.2. Middle East & Africa Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
11.1.3. Middle East & Africa Load monitoring system Market Overview, By Technology, 2015 - 2027 (USD Billion)
11.1.4. Middle East & Africa Load monitoring system Market Overview, By Countries, 2015 - 2027 (USD Billion)
11.1.4.1. GCC
11.1.4.1.1. Market size and projections, 2015 - 2027 (USD Billion)
11.1.4.1.2. GCC Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
11.1.4.1.3. Other Segments
11.1.4.2. South Africa
11.1.4.2.1. Market size and projections, 2015 - 2027 (USD Billion)
11.1.4.2.2. South Africa Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
11.1.4.2.3. Other Segments
11.1.4.3. Rest of Middle East & Africa
11.1.4.3.1. Market size and projections, 2015 - 2027 (USD Billion)
11.1.4.3.2. Rest of Middle East & Africa Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
11.1.4.3.3. Other Segments
Chapter 12. South America Load monitoring system Market Overview, By Countries, 2015 - 2027 (USD Billion)
12.1. South America Load monitoring system Market Overview, 2015 - 2027 (USD Billion)
12.1.1. Market size and projections, 2015 - 2027 (USD Billion)
12.1.2. South America Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
12.1.3. South America Load monitoring system Market Overview, By Technology, 2015 - 2027 (USD Billion)
12.1.4. South America Load monitoring system Market Overview, By Countries, 2015- 2026 (USD Billion)
12.1.5. Brazil
12.1.5.1. Market size and projections, 2015 - 2027 (USD Billion)
12.1.5.2. Brazil Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
12.1.5.3. Other Segments
12.1.6. Argentina
12.1.6.1. Market size and projections, 2015 - 2027 (USD Billion)
12.1.6.2. Argentina Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
12.1.6.3. Other Segments
12.1.7. Rest of South America
12.1.7.1. Market size and projections, 2015 – 2027
12.1.7.2. Rest of South America Load monitoring system Market Overview, By Offering, 2015 - 2027 (USD Billion)
12.1.7.3. Other Segments
Chapter 13. Competitive Landscape
13.1. Competitive environment, 2020
13.2. Strategic framework
13.2.1. Partnership/agreement
13.2.2. Expansion
13.2.3. Mergers & Acquisitions
13.2.4. New Distribution channel development
Chapter 14. Key Vendor Analysis
14.1. Spectris.
14.1.1. Company overview
14.1.2. Financial performance
14.1.3. Distribution channel Benchmarking
14.1.4. Recent initiatives
14.1.5. SWOT analysis
14.2. PreciaMolen
14.2.1. Company overview
14.2.2. Financial performance
14.2.3. Distribution channel Benchmarking
14.2.4. Recent initiatives
14.2.5. SWOT analysis
14.3. Fllintec
14.4. LCM Systems
14.5. Straightpoint
14.6. . Vishay Precision Group
14.7. DYNAMIC LOAD MONITORING
14.8. Wirop Industrial
14.9. JCM Load Monitoring
14.10. Mettler Toledo
Chapter 15. Load monitoring system Market Cost Analysis
15.1. Load monitoring system Market Key Raw Material Analysis
15.1.1. Key Raw Material
15.1.2. Price Trend of Key Raw Material
15.1.3. Key Suppliers of Raw Material
15.1.4. Market Concentration Rate of Raw Material
Chapter 16. Industrial Chain, Sourcing Strategy and Downstream Buyers
16.1. Load monitoring system Market Industrial Chain Analysis
16.2. Upstream Raw Material Sourcing
16.3. Raw Material Source of Load monitoring system Market Major Manufacturers in 2021
16.4. Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
17.1. Marketing Channel
17.1.1. Direct Marketing
17.1.2. Indirect Marketing
17.1.3. Marketing Channel Development Trend
17.2. Market Positioning
17.2.1. Pricing Strategy
17.2.2. Brand Strategy
17.2.3. Target Digital
17.3. Distributors/Traders List
Chapter 18. Market Effect Factors Analysis
18.1. Technology Progress/Risk
18.1.1. Substitutes Threat
18.1.2. Technology Progress in Related Distribution channel
18.2. Consumer Needs/Customer Preference Change
18.3. Economic/Political Environmental Change
Chapter 19. Future Outlook of the Market
Disclaimer

List of Figures
1. Market segmentation
2. Value chain analysis
3. Porter’s Five Forces’ analysis
4. Engine Powered of Suppliers
5. Engine Powered of Buyers
6. Threat of New Entrants
7. Threat of Substitute
8. Competitive Rivalry
9. Global Load monitoring system Market share, By Offering, 2020 & 2027 (%)
10. Global Load monitoring system Market share, by Load Cell, By Offering, 2020 & 2027 (USD Billion)
11. Global Load monitoring system Market share, by Indicator and Controller (AML), By Offering, 2020 & 2027 (USD Billion)
12. Global Load monitoring system Market share, by Data Logging Software, By Offering, 2020 & 2027 (USD Billion)
13. Global Load monitoring system Market share, By Technology, 2020 & 2027 (%)
14. Global Load monitoring system Market share, by DIGITAL, By Technology, 2020 & 2027 (USD Billion)
15. Global Load monitoring system Market share, by Analog, By Technology, 2020 & 2027 (USD Billion)
16. Global Load monitoring system Market share, by Region, 2020 & 2027 (%)
17. Global Load monitoring system Market share, by region, 2020 - 2027(USD Billion)
18. North America Load monitoring system Market, 2020 - 2027(USD Billion)
19. North America Load monitoring system Market share, by Countries, 2020 & 2027 (%)
20. U.S. Load monitoring system Market, 2020 - 2027(USD Billion)
21. Canada Load monitoring system Market, 2020 - 2027(USD Billion)
22. Europe Load monitoring system Market, 2020 - 2027(USD Billion)
23. Europe Load monitoring system Market share, by Countries, 2020 & 2027 (%)
24. Spain Load monitoring system Market, 2020 - 2027(USD Billion)
25. UK Load monitoring system Market, 2020 - 2027(USD Billion)
26. Italy Load monitoring system Market, 2020 - 2027(USD Billion)
27. Germany Load monitoring system Market, 2020 - 2027(USD Billion)
28. France Load monitoring system Market, 2020 - 2027(USD Billion)
29. Rest of Europe Load monitoring system Market, 2020 - 2027(USD Billion)
30. Asia-Pacific Load monitoring system Market, 2020 - 2027(USD Billion)
31. Asia-Pacific Load monitoring system Market share, by Countries, 2020 & 2027 (%)
32. China Load monitoring system Market, 2020 - 2027(USD Billion)
33. India Load monitoring system Market, 2020 - 2027(USD Billion)
34. Australia Load monitoring system Market, 2020 - 2027(USD Billion)
35. Japan Load monitoring system Market, 2020 - 2027(USD Billion)
36. Rest of Asia-Pacific Load monitoring system Market, 2020 - 2027(USD Billion)
37. Middle East & Africa Load monitoring system Market, 2020 - 2027(USD Billion)
38. Middle East & Africa Load monitoring system Market share, by Countries, 2020 & 2027 (%)
39. GCC Load monitoring system Market, 2020 - 2027(USD Billion)
40. South Africa Load monitoring system Market, 2020 - 2027(USD Billion)
41. Rest Of Middle East & Africa Load monitoring system Market, 2020 - 2027(USD Billion)
42. South America Load monitoring system Market, 2020 - 2027(USD Billion)
43. Brazil Load monitoring system Market, 2020 - 2027(USD Billion)
44. Mexico Load monitoring system Market, 2020 - 2027(USD Billion)
45. Argentina Load monitoring system Market, 2020 - 2027(USD Billion)
46. Rest Of South America Load monitoring system Market, 2020 - 2027(USD Billion)

List of Tables

1. Impact of Market drivers
2. Impact of Market restraints
3. Global Load monitoring system Market, 2020-2027 (USD Billion)
4. Load monitoring system requirement, by country, 2020-2027, (USD Billion)
5. North America Load monitoring system Market, By Offering, 2020-2027 (USD Billion)
6. North America Load monitoring system Market, By Technology, 2020-2027 (USD Billion)
7. Europe Load monitoring system Market, By Offering, 2020-2027 (USD Billion)
8. Europe Load monitoring system Market, By Technology, 2020-2027 (USD Billion)
9. Asia Pacific Load monitoring system Market, By Offering, 2020-2027 (USD Billion)
10. Asia Pacific Load monitoring system Market, By Technology, 2020-2027 (USD Billion)
11. Middle East & Africa Load monitoring system Market, By Offering, 2020-2027 (USD Billion)
12. Middle East & Africa Load monitoring system Market, By Technology, 2020-2027 (USD Billion)
13. South America Load monitoring system Market, By Offering, 2020-2027 (USD Billion)
14. South America Load monitoring system Market, By Technology, 2020-2027 (USD Billion)
15. Global Load monitoring system Market, Company Market Share, 2020 & 2027(%)
16. Spectris: Product Benchmarking
17. Spectris: Financial Performance
18. PreciaMolen: Product Benchmarking
19. PreciaMolen: Financial Performance
20. Fllintec: Product Benchmarking
21. Fllintec: Financial Performance
22. LCM Systems :Product Benchmarking
23. LCM Systems :Financial Performance
24. Straightpoint: Product Benchmarking
25. Straightpoint: Financial Performance
26. The Scotts Miracle-Gro Company: Product Benchmarking
27. The Scotts Miracle-Gro Company: Financial Performance
28. Dynamic Load Monitoring : Product Benchmarking
29. Dynamic Load Monitoring : Financial Performance
30. Wirop Industrial : Product Benchmarking
31. Wirop Industrial : Financial Performance
32. JCM Load Monitoring : Product Benchmarking
33. JCM Load Monitoring : Financial Performance
34. Mettler Toledo : Product Benchmarking
35. Mettler Toledo : Financial Performance

The Leading Key Players in Load Monitoring System Market

Spectris (UK)
PreciaMolen (France)
Fllintec (US)
LCM Systems (UK)
Straightpoint (UK)
Vishay Precision Group (US)
Dynamic Load Monitoring (UK)
Wirop Industrial (Taiwan)
JCM Load Monitoring (UK)
Mettler Toledo (US).