What is Global Extensometers Market?
The Global Extensometers Market is a specialized sector that focuses on the production and distribution of extensometers, devices used to measure changes in the length of an object. It is most commonly used in the field of materials science, where it measures strain, or deformation, of a specimen during testing. The market is a global one, with key players and consumers spread across the world. The extensometers market is not just a niche, but a significant industry, with a valuation of US$ 84 million in 2022. It is projected to grow at a steady pace, with an anticipated value of US$ 114 million by 2029, indicating a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast period of 2023-2029.
Contact Extensometers, Non-contact Extensometers in the Global Extensometers Market:
The Global Extensometers Market is divided into two main types: Contact Extensometers and Non-contact Extensometers. Contact Extensometers physically touch the specimen to measure its deformation. They are typically used in materials testing to measure small deformations in the micro or nano scale. On the other hand, Non-contact Extensometers do not physically touch the specimen. Instead, they use optical or laser systems to measure the deformation. Both types have their own advantages and disadvantages, and their usage depends on the specific requirements of the testing procedure.
Plastic Measurement, Metal Measurement, Others in the Global Extensometers Market:
The Global Extensometers Market finds its usage in various areas, with Plastic Measurement, Metal Measurement, and Others being the primary ones. In Plastic Measurement, extensometers are used to measure the strain or deformation in plastic materials. This is crucial in determining the material's mechanical properties and its suitability for various applications. In Metal Measurement, extensometers are used to measure the strain in metal specimens. This helps in understanding the material's behavior under stress and its potential applications. The 'Others' category includes a variety of other applications where extensometers are used, such as in the testing of composites, ceramics, and other materials.
Global Extensometers Market Outlook:
The Global Extensometers Market outlook highlights the market's growth and distribution. The market, valued at US$ 84 million in 2022, is expected to reach US$ 114 million by 2029, growing at a CAGR of 4.2% during the forecast period of 2023-2029. Extensometers are widely used in plastic measurement, which accounts for approximately 43% of the global market. The production of extensometers is concentrated in Asia-Pacific, North America, and Europe, which together account for more than 90% of the production capacity. Asia Pacific is the largest production region. In terms of consumption, Asia Pacific is also the largest consumer market for extenometers, accounting for about 48% of the global market. Europe and North America follow, with market shares of 20% and 24% respectively.
| Report Metric | Details |
| Report Name | Extensometers Market |
| Accounted market size in 2022 | US$ 84 in million |
| Forecasted market size in 2029 | US$ 114 million |
| CAGR | 4.2% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Zwick Roell, Instron, Ametek, Shimadzu, MTS, Imetrum, Epsilon Tech, BESMAK |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
