Load Cell Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Load Cell Market is segmented by Weigh Capacity (Low-capacity, Medium-capacity, and High-capacity), Product (S-Type, Digital/smart load cells, Shear-Beam, Bending Beam, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The report offers the value (in USD million) for the above segments.

Market Snapshot

load cell market
Study Period: 2019-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: North America
CAGR: 2.6 %

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Market Overview

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 pandemic's beginning, countries worldwide continued to face huge infection threats. 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 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 hospitals globally. As per the article titled ' Rising COVID-19 cases in India Result in Unavailability of Beds in Hospitals and Delayed Test Reports' published in April 2021 the COVID-19 cases across India resulted in the unavialbility of beds in hospitals, 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 Sensotech, high precision and ultra-precision load cell have wide applications in the healthcare industry. The load cells are used as sensors for robotic surgery. Also, they have wide use in health kiosks and hospital bed weighing scales. 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 it's 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 are anticipated to drive the growth of the studied market over the forecast period.

Scope of the Report

As per the report's scope, load cells are transducers that convert force or weight into an electrical signal. They have been widely used for measuring and sensing applications in almost every industry. The normal configuration uses four gauges, but some use 8, 16, 32, or more, while some use one or two gauges. But the performance of any load cell is defined by the precise positioning of the gauges, the mounting, and the materials used. The load cell market is segmented by Weigh Capacity (Low-capacity, Medium-capacity, and High-capacity), Product (S-Type, Digital/smart load cells, Shear-Beam, Bending Beam, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The report offers the value (USD million) for the above segments.

By Weigh Capacity
Low-capacity
Medium-capacity
High-capacity
By Product
S-Type
Digital/smart load cells
Shear-Beam
Bending Beam
Others
Geography
North America
Europe
Asia-Pacific
Middle East and Africa
South America

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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, etc. 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 and electronic scales' performance.

As per the article titled “Analog or Digital Load Cell – Which makes a Better Choice?” published in August 2021 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 is cost-effective as per the source mentioned above. Therefore, owing to the advantages of digital load cells, it is poised to gain more demand. Hence, driving the growth of the studied segment over the forecast period.

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, making installation and commissioning fast and simple. These advancements in digital load cells are anticipated to drive the demand over the near future, driving the growth of the studied segment.

Load Cells Market Trend 1

North America is Expected to Dominate the Market Over the Forecast Period

North America will 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, the presence of multiple major players in the countries, especially in the United States, and new product launches are the major driving factors contributing 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. These miniature s-beam load cells accurately measure ultra-low tension and compression forces. These company activities are anticipated to boost the studied market growth in the country.

Therefore, owing to the factors above, the North American region is anticipated to dominate the market over the forecast period.

load cell industry

Competitive Landscape

The load cell market is fragmented in nature due to the presence of several 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.

Recent Development

  • In July 2022 Endress+ Hauser established a production and office building in Cernay, France. The established building is of 10,000 square meters space to expand the company's product portfolio.
  • In February 2022, Interface, Inc. launched its new downhole force measurement solution for high-pressure, high-temperature applications, the Interface Pressure Compensated Downhole Load Cell (IPCD).

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Demand for Load Cells across Industries

      2. 4.2.2 Rapid Industrial Automation across the Globe

      3. 4.2.3 Uptake of Precision Force Measuring Instruments

    3. 4.3 Market Restraints

      1. 4.3.1 Increasing Regulatory Obligations

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 5.1 By Weigh Capacity

      1. 5.1.1 Low-capacity

      2. 5.1.2 Medium-capacity

      3. 5.1.3 High-capacity

    2. 5.2 By Product

      1. 5.2.1 S-Type

      2. 5.2.2 Digital/smart load cells

      3. 5.2.3 Shear-Beam

      4. 5.2.4 Bending Beam

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 Middle East and Africa

      5. 5.3.5 South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Siemens

      2. 6.1.2 Endress+Hauser

      3. 6.1.3 Honeywell International Inc.

      4. 6.1.4 Spectris (Omega Engineering Inc.)

      5. 6.1.5 TE Connectivity

      6. 6.1.6 FUTEK Advanced Sensor Technology, Inc.

      7. 6.1.7 tecsis GmbH (tecsis (Shenzhen) Sensors Co., Ltd)

      8. 6.1.8 Flintec

      9. 6.1.9 ALFA LAVAL

      10. 6.1.10 Amphenol Corporation (PCB Piezotronics, Inc.)

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Global Load Cell Market market is studied from 2019 - 2027.

The Global Load Cell Market is growing at a CAGR of 2.6% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Siemens, Honeywell International Inc. , Spectris (Omega Engineering Inc.), Flintec, Amphenol Corporation (PCB Piezotronics, Inc.) are the major companies operating in Global Load Cell Market.

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