Demand for Strain Gages Garners Pace as Construction Activities Rise

Published On : 11 Jul 2017

QY Research has announced the addition of a new research report to its vast repository. The publication, titled “Global Strain Gage Market Research Report 2017,” sheds light on the various factors governing the trajectory of the overall market. It highlights the strengths, weaknesses, opportunities, and threats that are likely to impact the global strain gage market in the coming years. Furthermore, it also provides the latest news, analysis of the historical events, and the present-day market situation. The informative study covers various segments of the market and helps in determining the economic, environmental, political, technological, and legal aspects that will determine their growth rate.

Strain gages are known to be an important type of electrical measurement devices. They are predominantly used for measuring mechanical quantities in a machine, circuits, and products. They determine the strain or the impact on physical properties of products due to an internal or an external factor such as heat or structural changes. On the basis of type, the global strain gage market is segmented into transducer type, stress analysis type, and others such as for special applications. Most of these are used for civil engineering, electrical equipment, building construction, and chemicals and medicine. Rise of industries such as automotive, pharmaceutical, manufacturing, and construction are expected to widen the scope of strain gage during the forecast period.

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On a geographic point of view, the global strain gage market is segmented into Europe, North America, South America, the Middle East and Africa, and Asia Pacific. The improvement of infrastructure and a booming construction industry in the developing economies of Asia Pacific are expected to offer strain gage market ample of opportunities to grow in the region. Growing foreign investment in industries such as medicine and chemicals are also expected to have a positive impact on the overall market. The North America strain gage market is anticipated to show a remarkable growth rate as well as the region is anticipated to launch several energy projects that will generate construction activities, which in turn will boost the demand for strain gage.

Some of the leading players operating in the global strain gage market are Vishay, NMB, HBM, KYOWA, HPI, TML, Zemic, HYCSYQ, Piezo-Metrics, and Yiling. The research report provides an in-depth understanding of the competitive landscape present in the global market. It assesses the threat from new entrants and the bargaining power of suppliers and buyers in the global market. Additionally, it also evaluates the research and development statuses, business and marketing strategies, and expansion strategies of the players in the global strain gage market. The research report provides a comprehensive outlook of the overall market and offers an insightful take on the various market dynamics. 

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