Global Electronics Weighing Modules Market Size By Type (Table top scale, Platform Scale, Precision Scale, Pocket sale), By Application (Laboratory sales, Gem and jewelry Sales, Retail Scales, Health Scales, Industrial Scales, Industrial Scales, Veterinary Scales), By Geography Scope And Forecast
Report ID: 306053|No. of Pages: 202
Global Electronics Weighing Modules Market Size By Type (Table top scale, Platform Scale, Precision Scale, Pocket sale), By Application (Laboratory sales, Gem and jewelry Sales, Retail Scales, Health Scales, Industrial Scales, Industrial Scales, Veterinary Scales), By Geography Scope And Forecast
Electronics Weighing Modules Market Size And Forecast
Electronics Weighing Modules Market size was valued at USD 1.71 Billion in 2022 and is projected to reach USD 25.5 Billion by 2030, growing at a CAGR of 5.8% from 2023 to 2030.
The growing demand from consumer goods industries, such as food and beverages, is one of the key drivers behind this market’s growth across various regions worldwide. The Global Electronics Weighing Modules Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Electronics Weighing Modules Market Definition
Precision measuring tools called Electronics Weighing Modules are used to measure objects using digital signals. Due to their ability to satisfy a variety of requirements, including high accuracy, low power consumption, and ease of installation, electronic load cells, or ELCs, have largely supplanted conventional load cells in many applications. Other functions that are also carried out by Electronics Weighing Modules include temperature control, overload safety, and voltage regulation. With the aid of Windows software programs and an electronic weight indicator, users can watch loads within various machine sensors from any place using internet connections. This input device connects to standard PCs and laptops via USB ports.
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Global Electronics Weighing Modules Market Overview
Electronic weighing scales fins uses across several applications such as retail, healthcare, veterinary, laboratories, and other industrial applications. The growing demand from consumer goods industries, such as food and beverages, is one of the key drivers behind this market’s growth across various regions worldwide. Other important drivers include increasing technological advancements in electronic devices coupled with the rising number of obesity cases resulting from poor lifestyle choices among individuals. Furthermore, by increasing the adoption rate of weighbridges at major trading hubs across developing nations like China and India, demand for efficient process automation solutions will be greater in these countries, which would drive the growth prospects for this sector significantly above a decade.
Applications for electronic weighing scales include retail, healthcare, veterinary, laboratories, and other commercial settings. One of the main factors fueling this market’s expansion across numerous regions globally is the rising demand from consumer goods sectors like the food and beverage industries. Other significant drivers include the development of electronic devices at a growing rate, as well as the rise in obesity cases brought on by people’s poor lifestyle choices. The demand for effective process automation solutions will also increase in developing countries like China and India as the adoption rate of weighbridges at major trading hubs increases, which will significantly boost the sector’s growth prospects over the next ten years.
IoT and Industry 4.0 technology usage are growing: Electronics Weighing Modules are in higher demand as a result of industry implementation of Industry 4.0 and IoT technologies. With the aid of these technologies, Electronics Weighing Modules can be integrated into automated systems, enabling real-time tracking and control of weight measurements. E-commerce and transportation sector growth The need for precise weight measurements has grown along with the demand for e-commerce and logistics services, which is fueling the market for Electronics Weighing Modules.
Global Electronics Weighing Modules Market: Segmentation Analysis
The Global Electronics Weighing Modules Market is Segmented on the Basis of Type, Application, And Geography.
Electronics Weighing Modules Market, By Type
- Table top Scale
- Platform Scale
- Precision Scale
- Pocket sale
- Others
Based on Type, the market is segmented into Table top scale, Platform Scale, Precision Scale, Pocket sale, and Others.
Electronics Weighing Modules Market, By Application
- Laboratory Sales
- Gem and Jewelry Sales
- Retail Scales
- Health scales
- Industrial Scales
- Veterinary Scales
Based on Application, the market is segmented into Laboratory sales, Gem and jewelry Sales, Retail Scales, Health Scales, Industrial Scales, Industrial Scales, Veterinary Scales, and Others.
Electronics Weighing Modules Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Rest of the world
On the basis of Geography, the Global Electronics Weighing Modules Market is classified into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The adoption of automated electronic measuring devices for material testing and measurement in businesses is a result of increasing automation across various industry sectors. The electronic weighing scale market in the area is expanding in terms of revenue thanks to this factor. For better industry uses like shipping and recycling, the North American region is seeing rapid advancement in weighing machine technology. The need to replace outdated measuring equipment with modern, advanced electronic measuring equipment with better product design and quick output is one of the major factors influencing the Latin American electronic weighing scale market.
Self-weighing machines integrated with barcode and receipt printers, which indicate the price of the material by gauging its weight, have been introduced to enhance customers’ shopping experiences as a result of the expansion of modern retail throughout Europe and the mushrooming of large convenience and departmental stores. The adoption of printer scales for better stock management in stores as a result of retail store modernization ensures customer convenience, particularly when buying unpacked goods like fruits and vegetables.
Key Players
The “Global Electronics Weighing Modules Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Keli Sensing Technology, Eilersen, Carlton Scale, SCAIME, HBM, VPG, LAUMAS, Rice Lake Weighing Systems, Flowmaster, Wipotec, Xian Gavin Electronic Technology, SIWAREX, Hammel Scale, Hardy, METTLER TOLEDO.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight to the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
- For instance, the company strengthened its place in the laboratory weighing market by purchasing the business of Sartorius AG’s laboratory balances and moisture analyzers in 2020.
- Vishay Precision Group Inc. expanded its product line in 2021 by releasing a new line of hermetically sealed load cells for use in challenging settings.
- A new wireless weighing module that can be quickly combined with different IoT platforms was introduced by Rice Lake Weighing Systems in 2021, and this helped the business grow its clientele.
- Avery Weigh-Tronix LLC expanded its product line in 2020 by releasing a new line of load cells that can be used for tank and silo weighing uses.
- Minebea Intec introduced a new weighing module in 2021 that is simple to connect with a variety of Industry 4.0 platforms, which has assisted the business in growing its customer base.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Electronics Weighing Modules Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in Global Electronics Weighing Modules Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2019-2030 |
| BASE YEAR | 2022 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2019-2021 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Keli Sensing Technology, Eilersen, Carlton Scale, SCAIME, HBM, VPG, LAUMAS, Rice Lake Weighing Systems, Flowmaster, Wipotec, Xian Gavin Electronic Technology, SIWAREX, Hammel Scale, Hardy, METTLER TOLEDO. |
| SEGMENTS COVERED |
|
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
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Data Collection Matrix
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Industry Analysis Matrix
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