Strain Gauge Sensors Market

The global Strain Gauge Sensors market was valued at 16.11 Million USD in 2021 and will grow with a CAGR of 2.84% from 2021 to 2027, based on Research newly published report.

The prime objective of Strain Gauge Sensors Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Strain Gauge Sensors Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

A strain gauge (or strain gage) 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 result. Stress is defined as the object`s internal Strain Gauge forces, and strain is defined as the displacement and deformation that occur.At present, the production companies focus on China, it will reached a production volume of approximately 65888 K units in 2016, and the production volume share is 30.45%, and the secondary production region is USA, it will reached a production volume of 48175 K units in 2016, and the production volume share is 22.26%, Europe is following with 22.00% share. There are major two classification of strain gauge Sensors in Strain Gauge Sensors Market , metal strain gauge Sensors and semiconductor strain gauge Sensors. Globally, the revenue share of each type of strain gauge is 87.61% %and 12.39% in 2016. At present, the world`s large brands are mainly concentrated in USA, Japan and Europe. The top three manufactures are Vishay, HBM, Zemic, respectively with global production market share as 8.2%, 7.26% and 5.27% in 2016.

By Market Verdors:

• Vishay
• HBM
• NMB
• KYOWA
• Zemic
• Yiling
• HYCSYQ
• LCT
• Hualanhai
• Omega
• TML
• BCM
• Piezo-Metrics

By Types:

• Metal strain gauge Sensors
• Semiconductor strain gauge Sensors

By Applications:

• Weighing Equipment
• Aerospace
• Cranes

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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• To understand the future outlook and prospects for the market.
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