Resistance strain
gauge
is a sensing device, used in various physical tests & measurement
applications. It changes resistance at output terminals when stretched. It typically
bonded to the surface of a solid material and is used to measure its tiny
dimensional changes such as pressure, displacement, length, acceleration,
tension, weight, etc. It helps ensure the
appropriateness, strength, and stability of many structures for instance
bridges, buildings and railway lines, as well as parts used in automotive such as
airplanes, cars, and ships.
According
to study, “World
Resistance Strain Gauge Market Research Report 2024(covering USA, EU, China,
South East Asia, Japan and etc)” the key companies operating in
the world resistance strain gauge market are Vishay Precision Group Inc., Hitec
Products, Inc., Kyowa Electronic Instruments Co., Ltd., TML, Zemic Worldwide, HPI,
FUTEK Advanced Sensor Technology, Inc., Hottinger Baldwin Messtechnik GmbH
(HBM), HYCSYQ, Shanghai Yiling Electrical Measuring Instruments Company, NMB
Technologies Corp., ATI Industrial Automation, Piezo-Metrics, Inc., Zhejiang
Huangyan Testing Apparatus Factory, Huahailan, OMEGA Engineering, Xiamen
Loadcell Technology Co., Ltd., ABB Group, The Crane Group of Companies, BCM
Sensor Technologies bvba, Tokyo Sokki Kenkyujo Co., Ltd.
Based
on product type, resistance strain gauge
market is segmented into foil strain gauge, semiconductor strain gauge, wire
strain gauge, polyimide and special epoxy resin. The semiconductor strain gauge
segment is utilized in cases of high sensitivity for instance the measurement
of local strains in ICs, which requires a high value of gauge factor that is provided
by a semiconductor strain gauge. Based on sales channel, market is segmented
into distribution channel and direct channel. Based on application, market is
segmented into load cells, torque transducer, preure transducer and others. In
addition, based on end-user industry, market is segmented into transportation,
energy, and others. Transportation segment includes automotive, vessels, rail,
and aerospace. Energy segment includes power, oil & gas and mining.
Additionally, other segments include infrastructure, manufacturing, buildings,
and research centers.
The
resistance strain gauge market is
driven by growth in investments in industrial facilities, followed by large
number of available labor, low production costs, rise in number of
applications, expansion of production capacities by pharmaceutical, rise in
manufacturing & construction sectors, increase in innovation of new
products, rise in research & development activities and favorable tax
policies. However, high cost of devices and stringent government regulations
may impact the market. Moreover, growth in development of highly sensitive resistance
strain gauges is a key trend for market.
Based
on geography, USA and EU hold major share in resistance strain gauge market
owing to growth in quality standard of equipment & infrastructure and high safety
levels in the regions. China country is expected to
witness higher growth rate due to improvement in standards of infrastructure
over the forecast period. It is estimated that the market will be reached at
fast pace on account of increase in number of wastewater treatment plants with
large installed base of rotating equipment for instance motors, pumps, and fans
during the forecast period. The worldwide market is projected to grow at a CAGR
of approximately 1.8% over the next five years, will reach US $140 million in
2024, from US $120 million in 2019.
For
more information on the research report, refer to below link:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
