Market Snapshot:
A strain gauge is refer as a device used to measure strain on an object. A Strain gauge (sometimes also referred to as a Strain gage) is a sensor whose resistance varies with the applied force, It converts the force, pressure, tension, weight, etc., into a change in electrical resistance which can be then measured. When external forces are applied to a stationary object then stress and strain are the results. It can also be used to test vehicles, ship hulls, dams, and oil drilling platforms. A simple civil engineering application using the strain gauge technology is to install the strain gauges on structural components in a bridge or a building to measure the stress and compare them to the analytical models and stress calculations
Market Drivers
- Improving standards of infrastructure in various regions
Market Trend
- Increasing demand for high-speed electronics
Restraints
- Susceptibility to environmental vibration
Opportunities
Favorable government policies attracting the buyers and sellers which is helping in expanding the market
Manufacturers Covered in the Study are:
VPG (United States), HBM (Germany), Zemic (Netherlands), HYCSYQ (China), KYOWA (Japan), LCT (China), Omega, TML (Japan), BCM (Belgium) and Piezo-Metrics (United States)
The Global Strain Gauges market is gaining huge competition due to involvement of United States, Japanese and Chinese companies that constantly invest in research & development to meet market expectation with new innovation.
Industry Insights:
Vishay Precision Group, Inc. announced that it has entered into a definitive agreement to acquire Pacific Instruments of Concord, California, a privately held company. Pacific Instruments is a designer and manufacturer of high‐performance data acquisition systems
What can be explored with Strain Gauges study:
• Where Strain Gauges industry stands in scaling its end use implementations
• What concrete benefits would result from scaled initiatives by Manufacturers
• Where Manufacturers should focus their investments cycle
• Key success factors and recommendations for upscaling future growth.
• Target Market / Country and Key Business Segments
Available Customization:
List of players that can be included in the study on immediate basis are Guangdong HualanHai Electric Measurement Technology (China), HPI (United States), CEDRAT TECHNOLOGIES (France) and FISO Technologies (Canada).