Global Load Monitoring Systems Market to Reach $4.7 Billion by 2030
The global market for Load Monitoring Systems estimated at US$2.9 Billion in the year 2022, is projected to reach a revised size of US$4.7 Billion by 2030, growing at a CAGR of 6.4% over the analysis period 2022-2030. Load Cell, one of the segments analyzed in the report, is projected to record 6.7% CAGR and reach US$2.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Indicator & Controller segment is readjusted to a revised 6.2% CAGR for the next 8-year period.The U.S. Market is Estimated at $836.3 Million, While China is Forecast to Grow at 6.1% CAGR
The Load Monitoring Systems market in the U.S. is estimated at US$836.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$829.1 Million by the year 2030 trailing a CAGR of 6.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.9% and 5.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR.Select Competitors (Total 34 Featured) -
- Eilersen Electric Digital Systems AS
- Futek Advanced Sensor Technology Inc.
- Indutrade AB
- James Fisher Sons Plc
- LCM Systems Ltd.
- Mettler-Toledo International Inc.
- Precia Molen Group
- Spectris Plc
- Vishay Precision Group Inc.
- WIKA Alexander WiegSE and Co. KG.
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Eilersen Electric Digital Systems AS
- Futek Advanced Sensor Technology Inc.
- Indutrade AB
- James Fisher Sons Plc
- LCM Systems Ltd.
- Mettler-Toledo International Inc.
- Precia Molen Group
- Spectris Plc
- Vishay Precision Group Inc.
- WIKA Alexander WiegSE and Co. KG.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 89 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 2.9 Billion |
Forecasted Market Value ( USD | $ 4.7 Billion |
Compound Annual Growth Rate | 6.2% |
Regions Covered | Global |