Connect with us

Technology

Load Monitoring Systems Market size is set to grow by USD 820.9 million from 2024-2028, Increasing use of load monitoring systems in healthcare sector boost the market, Technavio

Published

on

NEW YORK, July 2, 2024 /PRNewswire/ — The global load monitoring systems market size is estimated to grow by USD 820.9 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 4.34% during the forecast period. Increasing use of load monitoring systems in healthcare sector is driving market growth, with a trend towards growing number of strategic alliances. However, compliance with strict regulations poses a challenge. Key market players include Airtec Corp., Dynamic Load Monitoring UK Ltd., Eilersen Electric Digital Systems AS, Euroload, FUTEK Advanced Sensor Technology Inc., Indutrade AB, Interface Inc., James Fisher and Sons Plc, JCM Load Monitoring Ltd., Load Monitoring Systems, Mantracourt Electronics Ltd., Mettler Toledo International Inc., Precia SA, Spectris Plc, Standard Loadcells, Strainsert Co., Thames Side Sensors Ltd., The Crosby Group LLC, Vishay Precision Group Inc., and WIKA Alexander Wiegand SE and Co. KG.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Load Monitoring Systems Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.34%

Market growth 2024-2028

USD 820.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.09

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 32%

Key countries

US, China, Germany, UK, and Canada

Key companies profiled

Airtec Corp., Dynamic Load Monitoring UK Ltd., Eilersen Electric Digital Systems AS, Euroload, FUTEK Advanced Sensor Technology Inc., Indutrade AB, Interface Inc., James Fisher and Sons Plc, JCM Load Monitoring Ltd., Load Monitoring Systems, Mantracourt Electronics Ltd., Mettler Toledo International Inc., Precia SA, Spectris Plc, Standard Loadcells, Strainsert Co., Thames Side Sensors Ltd., The Crosby Group LLC, Vishay Precision Group Inc., and WIKA Alexander Wiegand SE and Co. KG

 

Market Driver

The global load monitoring systems market is highly competitive, with vendors responding through mergers and acquisitions and strategic alliances to expand their customer base and market reach. In May 2022, Spectris Plc acquired Dytran Instruments Inc., an example of this trend. The increasing number of strategic partnerships among rivals enhances operations and broadens geographic presence, driving market growth. 

The Load Monitoring Systems market is experiencing significant growth due to the increasing demand for efficient and reliable technology solutions. Technology companies are focusing on developing advanced systems that can provide real-time monitoring and analysis of system performance. These systems help businesses prevent downtime, optimize resource utilization, and ensure high availability. The use of cloud technology and machine learning algorithms is becoming increasingly popular in this market. Additionally, the integration of predictive analytics and automation capabilities is expected to drive further growth in the coming years. Overall, the Load Monitoring Systems market is a dynamic and innovative space, with new developments and trends emerging regularly. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

Load monitoring systems vendors face challenges in complying with international standards like OHSAS 18001:2007 and ISO 9001:2008. These regulations prioritize employee safety and quality management, respectively. While essential for business growth, they increase operational costs and impact profit margins. Non-compliance can lead to penalties, including license suspension and prohibition from future operations. Thus, strict regulations pose significant hurdles for the expansion of the global load monitoring systems market.Load monitoring systems are essential for ensuring optimal performance of IT infrastructure. However, implementing these systems comes with certain challenges. One major challenge is the complexity of identifying and prioritizing which applications and services require monitoring. Another challenge is the vast amount of data generated by these systems, making it difficult to analyze and gain meaningful insights. Additionally, integrating load monitoring systems with other IT management tools can be complex. Furthermore, ensuring security and compliance with data protection regulations is a significant challenge. Lastly, the cost of implementing and maintaining load monitoring systems can be high, making it important for organizations to carefully evaluate their needs and budgets.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This load monitoring systems market report extensively covers market segmentation by 

Product 1.1 Load cell1.2 Indicator and controller1.3 Data logging softwareTechnology 2.1 Analog2.2 DigitalGeography 3.1 Europe3.2 North America3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Load cell- Load Monitoring Systems are essential tools for businesses to optimize energy usage and prevent equipment damage. These systems measure real-time power consumption, ensuring efficient energy management and cost savings. By monitoring and analyzing load data, businesses can identify trends, predict power demands, and prevent overloading, enhancing overall operational efficiency.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

 Learn and explore more about Technavio’s in-depth research reports

The global traffic lights market is poised for substantial growth, driven by increasing urbanization and infrastructural development worldwide. Demand is bolstered by stringent traffic management regulations and the need for advanced safety solutions. Concurrently, the electrical protective equipment market is expanding, fueled by heightened awareness of workplace safety norms and technological advancements in protective gear. Both sectors benefit from robust research and development efforts, ensuring innovative solutions to meet evolving consumer needs. As senior research analysts, navigating these dynamic markets requires a blend of comprehensive market analysis, strategic foresight, and adept data interpretation to drive informed decision-making.

Research Analysis

The Load Monitoring Systems market encompasses advanced technologies designed to monitor mechanical forces in various industries. These systems are integral to the automotive industry, where load cells and force transducers are used to ensure vehicle safety and efficiency. In transportation and logistics, load monitoring is crucial for optimizing cargo capacity and reducing energy consumption. Autonomous vehicles and e-commerce also benefit from real-time load monitoring to ensure efficient operations. The aerospace and defense sector, mining, shipbuilding, pharmaceuticals, and energy consumption industries similarly rely on load monitoring systems for optimal performance and safety. Dialysis machines and IV bags in healthcare products also utilize load monitoring to maintain consistent pressure and ensure patient safety.

Market Research Overview

The Load Monitoring Systems market encompasses solutions and technologies designed to measure and manage the performance of IT infrastructure, networks, and applications. These systems enable organizations to optimize resource utilization, ensure system availability, and prevent downtime. Technologies such as real-time monitoring, predictive analytics, and automation play a crucial role in enhancing the efficiency and effectiveness of load monitoring systems. The market is driven by the increasing adoption of cloud computing, the proliferation of IoT devices, and the growing demand for digital transformation. Additionally, the need for businesses to maintain high levels of application performance and user experience is fueling the growth of the load monitoring systems market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductLoad CellIndicator And ControllerData Logging SoftwareTechnologyAnalogDigitalGeographyEuropeNorth AmericaAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/load-monitoring-systems-market-size-is-set-to-grow-by-usd-820-9-million-from-2024-2028–increasing-use-of-load-monitoring-systems-in-healthcare-sector-boost-the-market-technavio-302187337.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Globe Recognized in Fortune Southeast Asia 500 for Third Consecutive Year

Published

on

By

TAGUIG CITY, Philippines, June 24, 2026 /PRNewswire/ — Globe has once again been recognized in Fortune’s Southeast Asia 500 list, underscoring its continued role as one of the region’s leading companies amid a rapidly evolving digital economy. The company ranked No. 119 this year, marking its third consecutive year on the annual list following its recognition in 2024 and 2025. The recognition reflects Globe’s continued scale and contribution to one of the world’s fastest-growing digital economies.

Compiled by Fortune, the Southeast Asia 500 ranks the region’s largest companies based on revenue. The list highlights organizations that play a significant role in driving economic growth, innovation, and development across Southeast Asia.

For Globe, the recognition reflects its continued transformation beyond traditional telecommunications as it strengthens the digital infrastructure that powers the country’s increasingly connected economy.

“This recognition reflects the trust our customers place in us and the dedication of our people as we continue transforming Globe into a more agile and technology-driven organization,” said Carl Cruz, President and CEO of Globe Telecom. “More importantly, it reinforces our responsibility to help build a digitally empowered Philippines by creating solutions that enable progress for individuals, businesses, and communities.”

As artificial intelligence, cloud computing, digital payments, and other data-intensive technologies reshape how people live and work, Globe continues to invest in network modernization, cybersecurity, and emerging technologies to help ensure Filipinos and businesses have access to reliable, secure, and high-quality digital services. These investments support the growing digital needs of consumers and enterprises while helping strengthen the foundations of the country’s digital economy.

The company is also advancing its transformation into a technology-driven organization by integrating artificial intelligence and automation across key areas of the business. These initiatives are enhancing customer experience, improving operational efficiency, and enabling smarter decision-making, while helping enterprises accelerate their own digital transformation through solutions spanning connectivity, cloud, cybersecurity, managed services, and digital platforms.

As the Philippines competes in an increasingly digital and AI-driven world, resilient infrastructure and future-ready technologies will play a greater role in driving long-term growth and competitiveness. Globe remains committed to building the networks, capabilities, and partnerships that will help Filipinos and Philippine businesses participate more fully in the opportunities of the digital economy.

ABOUT GLOBE

Globe Telecom, Inc. is a leading digital platform in the Philippines with interests in telecommunications, fintech, venture building, shared services, and digital marketing. It is listed on the Philippine Stock Exchange under the symbol GLO. The company delivers a full suite of mobile, broadband, data, and managed services to meet the needs of consumers and businesses. A UN Global Compact Participant, Globe is the first publicly listed Philippine firm with approved near- and long-term science-based targets under the SBTi. It was named one of TIME and Statista’s Most Sustainable Companies in 2025. Its back-to-back inclusion in the Fortune Southeast Asia 500 in 2024 and 2025 affirms its growth and leadership. Its principals are Ayala Corporation and Singtel, prominent industry leaders in the region.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/globe-recognized-in-fortune-southeast-asia-500-for-third-consecutive-year-302808520.html

SOURCE Globe Telecom, Inc.

Continue Reading

Technology

Shipping edges closer to onboard carbon mineralisation as IMO endorses Shanghai Qiyao Technology Group Co., Ltd. proposals

Published

on

By

SHANGHAI, June 24, 2026 /PRNewswire/ — A proposal led by Shanghai Qiyao Technology Group Co., Ltd. to treat onboard carbon mineralisation as permanent storage has received in-principle support from the International Maritime Organization (IMO), allowing captured CO2 to be turned into stable minerals for construction materials.

The two joint proposals, submitted by Shanghai Qiyao Technology Group Co., Ltd. and its partners during MEPC 84, were welcomed by the IMO’s working group. The proposals argue that captured CO2 can be converted into stable carbonates such as calcium carbonate via mineralisation – a permanent storage that also produces usable construction materials without carbon leakage.

Conventional OCCS relies on geological storage, which faces high costs and limited reception infrastructure. Mineralisation offers a commercially viable alternative, turning CO2 from a costly burden into a valuable industrial resource.

“We see this IMO attention as an important step. Closing the loop from shipboard capture to onshore mineralisation can make carbon accounting more practical and economically attractive for the industry,” said the head of Qiyao’s OCCS team.

One proposal (MEPC 84/7/18) details the technical and environmental case for mineralisation as equivalent to permanent sequestration. The other (MEPC 84/INF.8) draws on Qiyao’s real-world demonstration project, disclosing full-chain data from onboard capture, ship-to-ship liquid CO2 transfer, land transport to final mineralisation – proving the process is traceable, quantifiable and verifiable.

Shanghai Qiyao Technology Group Co., Ltd. has already fitted a full-scale OCCS system aboard a 14,000 TEU container vessel and completed the world’s first ship-to-ship transfer of liquid CO2 for onshore mineralisation. The company is joining hands with global partners to deliver integrated solutions for the green upgrading and transition of global shipping.

About Shanghai Qiyao Technology Group Co., Ltd.

Dedicated to advancing global shipping’s “energy upgrade” and “low-carbon transition”, Shanghai Qiyao Technology Group Co., Ltd. has broken through key technologies to achieve the large-scale and industrial development of core products. Its business focuses on five areas: Green fuel power systems, Integrated Energy Efficiency Solutions, Marine Environmental Protection Equipment, Core LNG Product, and Smart Marine Device. These key products are suitable for various oceangoing vessels and special ship types.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/shipping-edges-closer-to-onboard-carbon-mineralisation-as-imo-endorses-shanghai-qiyao-technology-group-co-ltd-proposals-302808527.html

Continue Reading

Technology

Sony Semiconductor Solutions to Release Advanced 1/2-type CMOS Sensor for Mobile Applications Featuring Industry’s First*1 RB2×2 OCL Pixel Structure for Both High Resolution and AF Performance

Published

on

By

New pixel design and algorithm deliver more than 20% higher definition compared to Sony’s conventional product

ATSUGI, Japan, June 23, 2026 /PRNewswire/ — Sony Semiconductor Solutions Corporation (Sony) today announced the upcoming release of the LYTIA 610, a 1/2-type approximately 64-effective megapixel CMOS image sensor with the RB2×2 On Chip Lens (OCL) pixel structure. This is the industry’s first*1 product with this pixel structure to be mass produced.

By combining the RB2×2 OCL pixel structure with dedicated array conversion processing (remosaicing) optimized for this structure, the new product achieves both improved resolution and excellent autofocusing (AF) performance at the same time. It offers more than 20% improvement in spatial resolution*2 compared to Sony’s conventional product with the same pixel size,*3 allowing telephoto cameras to capture subjects with fine detail.

The improved readout speed also enables 4K 120 fps video recording for the first time on Sony’s 1/2-type sensor. This reduces the performance gap with the large sensors used on main cameras and suppresses variations in image quality across multi-lens camera systems, enabling a more uniform shooting experience.

*1 Among CMOS image sensors. According to Sony’s research (as of announcement on June 24, 2026).
*2 Spatial resolution: An indicator used for evaluating image definition. This figure quantifies the level of detail at which thin, alternate black and white lines can be clearly distinguished. A higher value indicates a finer depiction of detail in the subject.
*3 Compared with the LYTIA 601 mobile CMOS image sensor with a 2×2 OCL construction and pixel size of 0.7 µm.

Model name 

Mass-production shipment date

LYTIA 610 1/2-type 64-effective-megapixel*4 stacked
CMOS image sensor for mobile applications

End of June 2026

*4 Based on the image sensor effective pixel specification method.

Main Features
■ High resolution and AF performance achieved through the industry’s first*1 RB2×2 OCL pixel structure and dedicated algorithm

The RB2×2 OCL pixel structure features an optimal arrangement of a 1×1 OCL structure for ensuring high resolution and a 2×2 OCL structure for enhancing AF performance on a single sensor.

Sony’s technology for designing an optimal balance of lenses with different sizes and curvatures on a single surface, together with its high-precision manufacturing technologies, has enabled the coexistence of two types of OCL structures within a Quad Bayer array sensor. Specifically, G (green) pixels, which contribute to better image definition, utilize the 1×1 OCL structure with superior resolution performance. The 2×2 OCL structure, where four pixels share a single lens, is used on R (red) and B (blue) pixels to serve as phase difference detection pixels.

Furthermore, a new dedicated remosaicing (array conversion) processing algorithm was developed to further enhance the imaging performance of this unique pixel array. The optimized pixel structure and signal processing together deliver more than 20% improvement in spatial resolution compared to the conventional product*3 of the same pixel size, while maintaining superb AF performance.

■ Sony’s first 1/2-type sensor to support 4K 120 fps video recording
The logic circuits on this product employ fine processing for low energy consumption. Additionally, the AD converter (analog-to-digital conversion circuit) has been optimized through increased parallelization to achieve high-speed data readout that is double that of the conventional 1/2-type sensor.*3

The improved readout speed enables 4K 120 fps video recording for the first time on Sony’s sensor of the same size, which had been difficult to achieve with previous designs. This design makes it possible to record smooth videos of fast-moving subjects and superior-quality slow-motion videos. It also supports 4K 60 fps HDR video recording, which is ideal for capturing high-contrast scenes.

These improvements in video performance reduce differences in image quality and appearance when switching between main and sub cameras, enabling smooth transitions across multi-lens camera systems for seamless video shooting experiences.

Related Link
For more information on LYTIA, the Sony’s mobile image sensor brand, please visit the LYTIA brand site:

https://www.sony-semicon.com/en/products/is/mobile/index.html

Key Specifications

Model name

LYTIA 610

Image size

1/2.0-type (diagonal 8.095 mm)

Effective pixels

Approx. 64 megapixels

Unit cell size

0.7 µm × 0.7 µm (H × V)

Color filter

Quad Bayer Coding

OCL pattern

RB2×2 OCL

Frame rate

64 megapixels (4:3)

24 fps

16 megapixels (4:3)

60 fps

30 fps (DAG-HDR)

4K2K (16:9)

120 fps

60 fps (DAG-HDR)

Power supply

Analog

2.8 V/1.8 V

Digital

0.81 V

Interface

1.8 V or 1.2 V

Output interface

MIPI® C-PHY 2/3 trio, Max. 4.5Gsps/trio

MIPI D-PHY 2/4 lane, Max. 2.5Gbps/lane

*  LYTIA and the LYTIA logo are registered trademarks or trademarks of Sony Group Corporation.

*  All product and service names that appear in this announcement are the trademarks or registered trademarks of their respective owners.

View original content to download multimedia:https://www.prnewswire.com/news-releases/sony-semiconductor-solutions-to-release-advanced-12-type-cmos-sensor-for-mobile-applications-featuring-industrys-first1-rb2O2-ocl-pixel-structure-for-both-high-resolution-and-af-performance-302808294.html

SOURCE Sony Semiconductor Solutions Corporation

Continue Reading

Trending