Strain Gauges Market to grow by USD 97.5 million from 2022 to 2027 | Market is driven by increasing demand for strain gauges for field testing and stress and strain analysis - Technavio

NEW YORK, Sept. 22, 2023 /PRNewswire/ -- The "Strain Gauges Market by application (Force and torque measurement, Weighing and lifting equipment, Field testing, Aerospace and defense, and Others), type (Quarter bridge strain gauge, Strain gauge rosettes, and Piezoresistor), and geography (APAC, North America, Europe, Middle East and Africa, and South America) - Forecast and Analysis 2023-2027" report has been added to technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the strain gauges market between 2022 and 2027 is USD 97.5 million. Growing demand for medical devices and compatible strain gauges is notably driving market growth. Strain gauges have diverse applications in medical devices, including computed tomography (CT) scanners, mammography machines, patient lift systems, infant scales, and medical pumps. As the demand for healthcare services and medical equipment continues to grow, the need for strain gauges is poised to increase accordingly. With a rising global population, the prevalence of cardiovascular, orthopaedic, and dental conditions is also on the rise. However, there is a notable trend towards minimally invasive (MI) surgeries, which involve reduced patient trauma and lower infection risks. Skilled surgeons are now utilizing high-precision robotic surgical tools for MI procedures, demanding exceptional accuracy and performance capabilities. Consequently, medical equipment requires precise measurement of both force depth and rotational strength of drill bits during surgeries, and this demand is expected to propel the growth of the global strain gauge market during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

Market Challenge

The emergence of substitutes for strain gauges is a significant challenge hindering market growth. Strain gauges serve the purpose of measuring stress, strain, force, pressure, or torque when they come into direct contact with equipment or structures. They are often positioned on elements like rotating shafts or cables to gauge torque or tension. However, it's crucial to acknowledge that strain gauges do not offer a non-invasive stress measurement solution. This limitation can introduce certain inaccuracies due to the added mass and altered vibration profiles caused by attaching strain gauges to components. Consequently, there is a growing demand for non-intrusive stress measurement technologies, especially for dynamically assessing stresses in machinery. In contrast to strain gauge sensors, FlexiForce sensors employ a resistance-based approach, thanks to their thin foil construction that facilitates easy attachment to surfaces. These sensors enable direct force measurement, eliminating the need for the strain-based calculations typical of strain gauges. Additionally, FlexiForce sensors offer the advantage of cost-effective measurement across a broader dynamic range and are available in convenient packs of four or eight to accommodate lower-volume requirements. This increasing preference for FlexiForce sensors, particularly in applications with lower volume needs, has the potential to influence the trajectory of the strain gauges market during the forecast period.

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The strain gauges market has been segmented by application (Force and torque measurement, Weighing and lifting equipment, Field testing, Aerospace and defense, and Others), type (Quarter bridge strain gauge, Strain gauge rosettes, and piezoresistor), and geography (APAC, North America, Europe, Middle East and Africa, and South America). 

• The force and torque measurement segment is estimated to witness significant growth during the forecast period. Strain gauges are highly versatile due to their capacity to measure both force and torque. This versatility is grounded in a comprehensive understanding of their operational principles and their varied responses to different forms of deformation. When integrated into a force sensor or load cell, strain gauges enable the measurement of force. Load cells serve as mechanisms for converting mechanical force into a measurable electrical signal, streamlining the measurement and assessment process. Torque sensors find extensive use in automotive applications, industrial machinery, and situations requiring precise measurement of rotational force. In both force and torque assessments, precise calibration plays a pivotal role in ensuring trustworthy results. Additionally, meticulous attention to the strategic design and secure installation of strain gauges and their attachment to objects or components is essential for achieving consistent and accurate measurements. These advantages are poised to drive the expansion of the force and torque segment, thus propelling the growth of the market during the forecast period.
• APAC is estimated to account for 40% of the global market during the forecast period.

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Key Companies in the strain gauges market:

Anyload LLC, BCM SENSOR TECHNOLOGIES bvba, FUTEK Advanced Sensor Technology Inc., Guangzhou Electrical Measuring Instruments Factory, Hottinger Bruel and Kjaer GmbH, Indutrade AB, KeLi Sensing Technology Ningbo Co. Ltd., Kistler Holding AG, KYOWA ELECTRONIC INSTRUMENTS CO. LTD., Mettler Toledo International Inc., Micron Instruments, MinebeaMitsumi Inc., Omega Engineering Inc., Spectris Plc, Thames Side Sensors Ltd., Tokyo Measuring Instruments Laboratory Co. Ltd., Vishay Precision Group Inc., Xiamen Loadcell Technology Co. Ltd., Zemic Europe BV, and Zhejiang Huangyan Testing Apparatus Factory

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ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application 

Market Segmentation by Type 

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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