Global Resistance Strain Gauge Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Resistance Strain Gauge Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A Resistance Strain gauge is a sensor whose resistance varies with applied force; It converts force, pressure, tension, weight, etc., into a change in electrical resistance which can then be measured. When external forces are applied to a stationary object, stress and strain are the results. Stress is defined as the object's internal resisting forces, and strain is defined as the displacement and deformation that occur.

Market Overview:

The latest research study on the global Resistance Strain Gauge market finds that the global Resistance Strain Gauge market reached a value of USD 129.87 million in 2022. It’s expected that the market will achieve USD 139.25 million by 2028, exhibiting a CAGR of 1.17% during the forecast period.

Resistance Strain Gauge Market Opportunities and Drivers

Compared with other measuring methods, the resistance strain gauge has high sensitivity and accuracy in measuring strain and stable performance. In addition, the resistance strain gauge has the advantages of small size, lightweight, simple structure, convenient use and fast response speed. The resistance strain gauge has little influence on the working state and stress distribution of the measured piece, which can be used for both static and dynamic measurement Both elastic deformation and plastic deformation can be measured. The resistance strain gauge also has the characteristics of strong adaptability, can be used in severe environments such as high temperature, ultra-low temperature and high pressure, and is convenient for multipoint measurement, long-distance measurement and telemetry. Good performance of resistance strain gauges drives market demand

Region Overview:

From 2022-2027, China is estimated to witness robust growth prospects.

Company Overview:

Vishay Precision Group is one of the major players operating in the Resistance Strain Gauge market, holding a share of 27.91% in 2021.

In July, 2010, Vishay Intertechnology spun off its precision measurement and foil technology businesses through a tax-free stock dividend of VPG stock to Vishay Intertechnologys stockholders.

Vishay Precision Group, Inc. (VPG) is an internationally recognized designer, manufacturer ,and marketer of components based on its resistive foil technology; sensors; and sensor-based systems specializing in the growing markets of stress, force, weight, pressure, and current measurements. VPG is a market leader in Foil Technology Products, providing ongoing technology innovations in precision foil resistors and foil strain gages, which are the foundation of the company's Force Sensors Products and its Weighing and Control Systems. The product portfolio consists of a variety of well-established brand names recognized for precision and quality in the marketplace.

Spectris plc is a supplier of precision instrumentation and controls. Spectris' four business segments are Malvern Panaytical, HBK, Omega, and Industrial Solutions. Its global sales network caters to companies in diverse end-user markets such as metals, mining, automotive, pulp and paper, research, pharmaceuticals, electronics, and energy, among others.

Segmentation Overview:

Among different product types, Foil strain gauge segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Load Cells segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Resistance Strain Gauge market covered in Chapter 3:

Yiling
Piezo-Metric, Inc
TML
Vishay
HPI
HBM
OMEGA Engineering inc.
GEOKON
HYCSYQ
NMB
Zemic
KYOWA

In Chapter 4 and Chapter 14.2, on the basis of types, the Resistance Strain Gauge market from 2018 to 2029 is primarily split into:

Foil strain gauge
Wire strain gauge
Semiconductor strain gauge

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Resistance Strain Gauge market from 2018 to 2029 covers:

Load Cells
Pressure Transducer
Torque Transducer
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)