Load Monitoring System Market to grow by USD 4.10 billion from 2022 to 2027; The growing demand for wireless load monitoring systems to drive the growth- Technavio
NEW YORK, Jan. 11, 2024 /PRNewswire/ -- The load monitoring system market is expected to grow by USD 770.8 million between 2022 and 2027.
- NEW YORK, Jan. 11, 2024 /PRNewswire/ -- The load monitoring system market is expected to grow by USD 770.8 million between 2022 and 2027.
- The growing demand for wireless load monitoring systems is a key factor driving the market growth.
- The utilization of torque sensors enables wireless load monitoring, specifically in crane load monitoring and hoist load monitoring applications.
- This trend is manifest in remote monitoring, structural health monitoring, heavy machinery monitoring, load monitoring in construction, transportation load monitoring, and offshore load monitoring.