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Load moment indicator means a system which aids the equipment operator by sensing (directly or indirectly) the overturning moment on the equipment, i.e., load multiplied by radius. It compares this lifting condition to the equipment's rated capacity, and indicates to the operator the percentage of capacity at which the equipment is working. Lights, bells, or buzzers may be incorporated as a warning of an approaching overload condition.
In the coming years there is an increasing technology breakthrough for load moment indicators in the regions of North America and Europe that is expected to drive the market for more advanced load moment indicators. Increasing of construction and industrial used fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of load moment indicators of APAC will drive growth of the global market.
Market Analysis and Insights: Global Load Moment Indicator Market
The global Load Moment Indicator market was valued at US$ 95 in 2020 and will reach US$ 99.2 million by the end of 2027, growing at a CAGR of 0.7% during 2022-2027.
Global Load Moment Indicator Scope and Market Size
The global Load Moment Indicator market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Load Moment Indicator market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Tower Crane
Vehicle Crane
Others
Segment by Application
Construction
Industrial
Others
The Load Moment Indicator market is analysed and market size information is provided by regions (countries). Segment by Application, the Load Moment Indicator market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Wika
Rayco-Wylie
Yichang Jinglian
TWG Dover
Parker Electronic Controls
Cranesmart Systems
Weite Technologies
Suns Technology
Wylie Indicators
Shanghai Xiya
Keli Sensing
Wide Technology
Yichang Wanpu
Chengdu Hi-Tech Crane Safety
Markload Systems
In the coming years there is an increasing technology breakthrough for load moment indicators in the regions of North America and Europe that is expected to drive the market for more advanced load moment indicators. Increasing of construction and industrial used fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of load moment indicators of APAC will drive growth of the global market.
Market Analysis and Insights: Global Load Moment Indicator Market
The global Load Moment Indicator market was valued at US$ 95 in 2020 and will reach US$ 99.2 million by the end of 2027, growing at a CAGR of 0.7% during 2022-2027.
Global Load Moment Indicator Scope and Market Size
The global Load Moment Indicator market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Load Moment Indicator market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Tower Crane
Vehicle Crane
Others
Segment by Application
Construction
Industrial
Others
The Load Moment Indicator market is analysed and market size information is provided by regions (countries). Segment by Application, the Load Moment Indicator market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Wika
Rayco-Wylie
Yichang Jinglian
TWG Dover
Parker Electronic Controls
Cranesmart Systems
Weite Technologies
Suns Technology
Wylie Indicators
Shanghai Xiya
Keli Sensing
Wide Technology
Yichang Wanpu
Chengdu Hi-Tech Crane Safety
Markload Systems
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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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