Load Monitoring Systems Market: Periodic Maintenance Mandatory to Prevent Load Monitoring System Failures

Posted on 2019-07-01 by Mark Hub in Industrial // 0 Comments

Rockville, USA, 2019-Jul-01 — /EPR Network/ —

Fact.MR recently published a comprehensive study, which found that the load monitoring systems market reached US$ 2.9 billion in 2018. The study features comprehensive information about the current market dynamics as well as future trends in the load monitoring systems market.

The Fact.MR study finds that the automotive industry accounted for more than 30% revenue share in the load monitoring systems market in 2018. The study predicts that the automotive industry will retain its largest share in the load monitoring systems in the upcoming years, as the performance and safety of automobiles remains the primary focus for automotive manufacturers.

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Table of Content

1. Global Economic Outlook

2. Global Load Monitoring Systems Market – Executive Summary
2.1. Load Monitoring Systems Market- Opportunity Assessment
2.1.1. Component Market Value (US$ Mn)
2.1.2. Winning and Losing Components
2.1.3. Competitive Analysis (Wheel of Fortune)
2.2. Fact.MR View Point

3. Global Load Monitoring Systems Market Overview
3.1. Global Load Monitoring Systems Market Definition
3.2. Research Scope
3.3. Global Load Monitoring Systems Market Size (US$ Mn & Volume (Units)) and Forecast, 2013-2027
3.3.1. Global Load Monitoring Systems Market Y-o-Y Growth

4. Key Indicators Assessment
4.1. Market Dynamics
4.1.1. Key Drivers and Trends
4.1.2. Market Challenges
4.2. Supply Chain
4.2.1. List of Component Suppliers
4.2.2. List of Manufacturers
4.2.3. List of Distributors/Suppliers
4.2.4. List of End Use Industries
4.3. Macro-Economic Factors
4.3.1. Global Automotive Industry Outlook
4.3.2. Global Construction Industry Outlook
4.3.3. Global Oil & Gas Industry Outlook
4.3.4. Global Healthcare industry Outlook

To be Continued…..

Market Structure

The Fact.MR report on the load monitoring systems market segments information into five sub-segments – offerings, loading capacities, end-user industries, technologies, and regions.

Depending on the offering types of load monitoring systems, the load monitoring systems market is classified into three main categories – load cells, indicators & controllers, and data logging software. The load cell segment is further classified into seven types – beam load cells, s-beams load cells, single point load cells, tension/compression load cells, load links, load pins, and load shackles.

Based on the loading capacity, the load monitoring systems market is classified into three categories – up to 50 tons, 50-100 tons, and above 100 tons. Depending to the end-user industries, the load monitoring systems market is classified into automotive, construction, oil & gas, marine, aerospace & defense, healthcare, food & beverage, and agriculture industry.

Stringent Calibration Standards and Certification Requirements Create Manufacturing Challenges

Even though the adoption of load monitoring systems is on the rise across various end-user industries, manufacturers are struggling to comply with high international standards while maintaining lower production costs. International organizations, including ASTM International, have set high verification standards for testing instruments such as load monitoring systems.

Furthermore, stakeholders in the load monitoring systems market have to obtain approvals and certifications from regulatory bodies before launching their products. For example, all the load cell manufacturers need to ensure accuracy of their products by providing necessary certifications to internationally recognized standards, which include UKAS, ASTM E74, and BS EN ISO 376.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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