Global Strain Gages Market Growth 2023-2029

Global Strain Gages Market Growth 2023-2029

Strain Gage Based Sensor measures the strain (displacement) of an object under an applied force. When they are adhesively attached to the object under stress (an applied force), they deform with the object. The magnitude of the applied stress can be inferred from changes in the gauge’s electrical resistance due to its deformation.

LPI (LP Information)' newest research report, the “Strain Gages Industry Forecast” looks at past sales and reviews total world Strain Gages sales in 2022, providing a comprehensive analysis by region and market sector of projected Strain Gages sales for 2023 through 2029. With Strain Gages sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Strain Gages industry.

This Insight Report provides a comprehensive analysis of the global Strain Gages landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Strain Gages portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Strain Gages market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Strain Gages and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Strain Gages.

The global Strain Gages market size is projected to grow from US$ 1230.6 million in 2022 to US$ 1557.6 million in 2029; it is expected to grow at a CAGR of 1557.6 from 2023 to 2029.

Global Strain Gage key players include Vishay, HBM, Mettler-Toledo, Flintec, Minebea, etc. China and USA is the largest market, both with a share about 30%, followed by Europe, with a share about 25 percent. In terms of product, Alloy steel sensor is the largest segment, with a share about 55%. And in terms of application, the largest application is Industrial Measurement and Control, followed by Automobile Comprehensive Performance Testing, Commercial Weighing, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Strain Gages market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Stress Analysis Type
Transducer Type
Other

Segmentation by application
Electrical Equipment
Civil Engineering
Building Construction
Chemicals and Medicine
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
VPG
HBM
Zemic
Yiling
HYCSYQ
NMB
KYOWA
LCT
Omega
TML
BCM
Piezo-Metrics
Hualanhai

Key Questions Addressed in this Report

What is the 10-year outlook for the global Strain Gages market?

What factors are driving Strain Gages market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Strain Gages market opportunities vary by end market size?

How does Strain Gages break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.