Global Strain Gauge Sensors Market Overview
Strong demand for strain gauge sensors has been attributed to the rapid advancement in end-user industries. Strain gauges are sensors that are utilized in a variety of physical measurements. They change resistance when they are stretched or compressed. Because of this property, strain gauges are often bonded to a solid surface and measure acceleration, pressure, tension, and force. The manufacturing industry's substantial growth has led to increasing demand for different types of industrial weighing equipment. Thus, growing demand for strain gauge sensors. Domestic weighing scales utilize strain gauges to measure the small deformations of a metal piece under load. In the metals processing industry's demanding environment, getting the right balance between accuracy, speed, and reliability in the sensing systems can mean a great deal. The global weighing equipment market was valued at around USD 2,000 million in 2020 and is expected to reach over USD 2,750 in 2027, growing at a CAGR of over 4.75% during the forecast period. This, in turn, likely to boost the demand for strain gauge sensors market over the forecast period.
According to Value Market Research, the global strain gauge sensors market size was valued at around USD 149.9 million in 2020 and is estimated to grow at a CAGR of about 5.22% during the forecast period 2021 to 2027.
A large number of applications across industries are seen as a lucrative opportunity for this market. The strain gauge technology has been in use in aerospace applications for since long. Strain gauges are directly bonded to structural load-bearing components. This helps in measuring stresses along the valuable load path for wing deflection. It has been used for maintaining rail safety for a long. Strain gauges find their use in places where a rail line is placed atop a mine or railroad to measure stress and strain on rails bonded to each rail. Strain gauges are used to measure the torque applied by a motor, turbine, or engine to fans, generators, wheels, or propellers. This equipment is found in power plants, ships, refineries, automobiles, and industry at large. Strain gauges are used in Smart bridge technology, which allows efficient and effective real-time monitoring assisting in a thorough inspection of the bridges. Bridges are assessed in the field for structural damage, including visual inspection, dye penetrant testing, and many other techniques. However, rising unemployment due to COVID 19 and shrinking economies is expected to affect the demand for strain gauge sensors to some extent.
The global strain gauge sensors market is highly fragmented, with big as well as small players. The new product launch, research activities, and strategic partnership agreements for product portfolio expansion are some of the business strategies adopted by the key players operating in the global strain gauge sensors market. The significant players studied in the report are HBM, Kyowa Electronic Instruments Co. Ltd., Vishay Intertechnology, Inc., ATI Industrial Automation, OMEGA Engineering, Piezo-Metrics Inc., FUTEK Advanced Sensor Technology, Inc., ABB Group.
In this research report, the strain gauge sensors market is segmented by type, mounting type, construction, and application, and region.
Analysis, by Type
By type, the report is categorized into mechanical strain gauge sensors, electrical strain gauge sensors, and others. Mechanical strain gauge sensors dominated the global market owing to their advantages over others. Mechanical strain gauges are used to determine the strain in concrete specimens and structures, different structure parts in remote areas, and under adverse conditions due to the advantage of being independent of time and temperature effects. On the other side, an electrical strain gauge has its benefits, provides minimal deformation since shifts within the atomic structure cause the charge effect. This enables the realization of highly rigid structures featuring high natural frequencies. An electrical strain gauge is ideal for capturing very fast or high-frequency measurement events. It can be attached to components of any shape which may be moving,
Analysis, by Mounting Type
By mounting type,
the report is segmented into bounded strain gauges and unbounded strain gauges. Bounded strain gauges led the global market with two-thirds shares. Bounded strain gauges are widely preferred across the end-use industry due to their excellent accuracy and rugged assembly that is not degraded by shock and vibration. Unbounded strain gauges are exclusively used in transducer applications. It measures the tiny motion of the order of 50 micrometers and very small forces.
Analysis, by Construction
By construction, the report is fragmented into optical sensors, semiconductor strain gauges, photoelectric gauges, thin-film strain gauges, and diffused semiconductor strain gauges. Thin-film strain gauges accounted for a significant share in the market, followed by semiconductor strain gauges, photoelectric gauges, and optical sensors. Thin-film technology is more rugged, lightweight, and simple than other sensors while also being cheaper and more reliable. Thin-film constructed strain gages have become the preferred choice of measuring strain in critical applications where the need is for small size, long-term stability, robust performance, and superior accuracy.
Analysis, by Application
By application, the report is divided into vibration monitoring, residual stress, torque measurement, strain measurement, and deflection & bending measurement. The strain measurement application segment held the largest share in the global market. Strain gauge sensors are primarily used for measuring strain. Expanding strain measuring applications across industries with today’s emphasis on product liability and energy efficiency drives segment growth. Strain gauge sensors are also cost-effective means for torque measurement. They are very reliable, stable, and robust.
Analysis, by Region
The Asia Pacific topped the global market, followed by Europe and North America. The Asia Pacific growth is driven by the expanding end-use industries, growing consumerism, and government initiatives for industry growth. The region is witnessing very positive growth due to the thriving automotive, aerospace, and manufacturing industries landscape and high adoption rate of precise instruments. Europe and North America also offer ample growth prospects. Heightened focus on system efficiency, safety, and comfort are steering demand across the region. Markets for instrumentation and sensor are growing in Europe as more work becomes automated and technologically advanced. The need for the proper tools to ensure that these machines are operating correctly continues to grow.
Market Segmentation covered in the Report:
By Mounting Type
- Mechanical Strain Gauge Sensors
- Electrical Strain Gauge Sensors
- Bounded Strain Gauges
- Unbounded Strain Gauges
- Optical Sensors
- Semiconductor Strain Gauges
- Photoelectric Gauges
- Thin-Film Strain Gauges
- Diffused Semiconductor Strain Gauges
- Vibration Monitoring
- Residual Stress
- Torque Measurement
- Strain Measurement
- Deflection & Bending Measurement
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization