The global load cell market and distribution channel are witnessing indisputable change due to the fact the natural gas and oil sector have an increase in demand. The escalating to the increase in hydraulic fracturing, or “fracking” has been the largest contributing factor behind the increased usage of load cells in the oil and natural gas industries, primarily in the mid-United States and Russia.
The worldwide market for load cells is likely to increase substantially in the upcoming years 2020 through 2024, from US $ 1.86 bn in 2015 to US $ 2.55 bn by 2024. With the increasing demand for digital load cells in the industrial markets. The global leaders in the Load Cell market and continue to perform well are Transducer Techniques, LLC, Futek, and Omega Engineering.
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