The load monitoring systems market is expected to grow on the outline of increasing demand for remote load monitoring systems, rise in demand for a load monitoring system in healthcare, and decline in instrumental errors owing to technological innovations in load cells, among more. Load monitoring provides an important means to understand load behavior in the actual system. This understanding helps to develop load models to represent the load behavior in simulation studies. It provides measured data needed for load model validation, load composition studies, and load uncertainty analysis.
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Depending on various needs, load monitoring may be implemented differently with different monitoring hardware, different measured quantities, and different requirements for sampling rates, signal types, record length and availability, with varying costs. Potential load monitoring options include traditional supervisory control and data acquisition (SCADA), phasor measurement units (PMUs), portable power system monitors (PPSMs), digital fault recorders (DFRs), protective relays, power quality monitors, and a low-cost monitoring device being developed by Western Electricity Coordinating Council (WECC) Disturbance Monitoring Working Group (DMWG).
It is the trend that loads will play a more and more active role in managing the power system. At the individual end-user level, SCE is developing solutions for prolonged voltage recovery as a result of a/c stalling. At a larger scale, active load control has been studied for the purposes of spinning reserves, damping improvement, frequency, and power flow regulation. Similar to generator performance monitoring, there is a need to ensure the load behaves as designed for correct credits and control enforcement.
Further, the healthcare industry is expected to play a pivotal role in the growth of the load monitoring systems market. Digitalization in the healthcare industry, development of technology, and functionality of medical devices are the primary factors contributing significantly to the growth of load cells. The utilization of load cells-based monitoring systems is playing an important role in the R&D sector of pharmaceutical companies. Load cells are also expected to be increasingly used in various pharmaceutical applications, including a broad range of preventive medical equipment.
The key market players prevailing in the load monitoring systems market include JCM Load Monitoring, Load Monitoring Systems Ltd., Mantracourt Electronics, Mettler Toldo, PRECIA SA, and Wirop Industrial, among more. These companies have an extensive portfolio covering all of the major products and services relevant to load monitoring systems.
Current Market Trends Covered in the Report:
Global Load Monitoring System Market - Segmentation
By Offering
By Technology
By Application
Global Load Monitoring System Market –Region
North America
Europe
Asia-Pacific
Rest of the World
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