Global Strain Gauges Market Growth 2023-2029

Global Strain Gauges Market Growth 2023-2029

Product Code:457307

Published Date: Feb 08,2023

Pages: 107

Region: Global

Category: Electronics & Semiconductor

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Strain Gauges, also called Strain Gages, are devices whose resistance changes under the application of force or strain. They can be used for measurement of force, strain, stress, pressure, displacement, acceleration etc.

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

This Insight Report provides a comprehensive analysis of the global Strain Gauges 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 Gauges portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Strain Gauges market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Strain Gauges 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 Gauges.

The global Strain Gauges market size is projected to grow from US$ 190.8 million in 2022 to US$ 258.9 million in 2029; it is expected to grow at a CAGR of 258.9 from 2023 to 2029.

Global Strain Gauges key players include VPG, HBM, Zemic, Yiling, HYCSYQ etc. Global top five manufacturers hold a share over 70%. 
China is the largest market, with a share over 25%, followed by Europe and North America, both have a share over 40% percent. 
In terms of product, Stress Analysis Type is the largest segment, with a share over 60%. And in terms of application, the largest application is Electronics and Measurement followed by Industrial.

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

Market Segmentation:
Segmentation by type
    Stress Analysis Type
    Transducer Type
    Other (for Special Applications)

Segmentation by application
    Electronics and Measurement
    Construction
    Industrial
    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 Gauges market?
What factors are driving Strain Gauges market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Strain Gauges market opportunities vary by end market size?
How does Strain Gauges break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?