AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Strain Gauges market - Global outlook to 2024". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Strain Gauges market.
The Industry, such as Electronics and Measurement, is boosting the Strain Gauges market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The End User, such as Chemical, is boosting the Strain Gauges market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to AMA research team, the Global Strain Gauges market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Improving standards of infrastructure in various regions. †
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
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Strain Gauges market by Type (Metal Strain Gauge Sensors and Semiconductor Strain Gauge Sensors), by Application (Industrial measurement & control, Weighing equipment, Aerospace, Cranes and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market