Torque Limiter Market Growth, Trends and Forecast by 2031

MARKET INTRODUCTION

Heavy-duty machinery are always subject to frequent wear and tear owing to continuous operations and a limited lifecycle. The costs of the heavy-duty machinery are usually observed to be high, and thus users demand for longer lifecycles. Torque limiters are designed to be used in the heavy-load applications and extend the lifecycle of heavy-duty machinery. For achieving a precise balance between components of heavy-duty machinery and establishing optimum load distribution, torque limiters are increasingly being used in the energy and power industry.

MARKET DYNAMICS

The proliferating demands from the aviation industry for developing compact, efficient, and lightweight equipment are anticipated to be the major drivers for the adoptions of torque limiter market. Lack of technological awareness about the functioning of torque limiter, and the system complexity of these instruments would challenge the growth of the torque limiter market. Increasing application areas of torque limiters such as in the railway building industry would provide good opportunities to the players operating in the torque limiter market.

MARKET SCOPE

The "Global Torque Limiter Market Analysis to 2031" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the torque limiter market with detailed market segmentation by type, torque range, application, and geography. The global torque limiter market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading torque limiter market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global torque limiter market is segmented on the basis of type, torque range, and application. Based on type, the torque limiter market is segmented into friction plate, balls and rollers, and others. On the basis of torque range, the torque limiter market is segmented into <150 Nm, 151-500 Nm, 501-3,000 Nm, and >3,000 Nm. Further, the torque limiter market is segmented on the basis of application into food and beverage, oil and gas, paper and printing, metal and mining, energy and power, textile, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global torque limiter market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The torque limiter market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the torque limiter market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the torque limiter in these regions.

MARKET PLAYERS

The reports cover key developments in the torque limiter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from torque limiter market are anticipated to lucrative growth opportunities in the future with the rising demand for torque limiter in the global market. Below mentioned is the list of few companies engaged in the torque limiter market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the torque limiter market. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of the last 3 years, the key development in the past five years.

•  ABB Motors and Mechanical Inc. (Baldor)
•  Altra Industrial Motion Corp.
•  ComInTec S.r.l.
•  Dalton Gear Company
•  Engifield Engineering
•  KTR Systems GmBH
•  Mayr GmbH + Co. KG
•  Regal Beloit Americas, Inc.
•  Rexnord
•  Ringfeder Power Transmission

Bearing Service, Brunel Corporation, Fenner Drives, Inc., Howdon, Jakob Antriebstechnik, JAKOB, ANTRIEBSTECHNIK, KOHMATIC-KOREA CO., LTD., Martin Sprocket and Gear, Rathi Europe GmbH, S S, POWER TRANSMISSION PRODUCTS, The Carlyle Johnson Machine Company, LLC, and ZETASASSI SRL are few other market players from value chain in the torque limiter market which are not profiled in the report but the can be included based on request.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Torque Limiter Report Scope