Published on : Oct 11, 2019
Albany, New York, October 11, 2019: Torque limiter protects mechanical equipment from damage caused by mechanical overload, especially damage incurred after jams and crash stops. They are employed in heavy load applications as they provide longevity to heavy duty machinery.
Aerospace sector propels market
Torque limiter is used to develop lightweight, efficient and compact equipment in aviation. Stakeholders are designing new equipment with high end material and safety torque limiter couplings. Torque limiter facilitates aerospace ecosystem with high precision over load protection and power & energy ecosystem with reliability and robustness. Multi business stake holders that include designers, builders and plant operators in power & energy sectors use torque limiters to attain perfect interactions between heavy duty machines and to achieve optimum distribution of load. Global torque limiter market gets thrust to move ahead from different sectors that include energy sector and aerospace sector.
Global Torque limiter market is expected to be around ?US$350Mn by the end of 2027 and expansion at ?5% CAGR is projected for forecast period 2019 to 2027. An intelligence report titled, “Torque Limiter market – Global industry Analysis, Size, Share, Growth, trends, and Forecast 2019 – 2027” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository
Ball and roller type torque limiter dominates
Ball and roller type torque limiter dominate the torque limiter ecosystem as they offer comparatively better response by accurately disengaging at preset torque value. Moreover, they exhibit greater torque capability which makes them preferable in various applications including textile and food processing, and packaging. Their application as fail-safe mechanism in conveyers and cranes can be attributed to its feature of continuous torque transmission without disengaging balls in them.
North America, Asia Pacific, South America, Europe, Middle East and Africa form the major segments in global torque limiter market. Europe dominated the market by capturing 32.6% of total market share in year 2018. The dominance is expected to further increase as Europe houses major players and various related research activities. Strong presence of various industries including packaging & labelling and food & beverage makes Germany a major market dealing with torque limiters.
Prominent players in global torque limiter market include KTR Systems Gmbh, Nexen Group, Altra Industrial Motion Corp., Crposs & Morse Ltd. and Howdon Power transmission Ltd.
Global torque limiter market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Global torque limiter market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Global torque limiter market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on torque limiter.
An insightful and deep-dive assessment of the competitive assessment of the Global torque limiter market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Global torque limiter market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Global torque limiter market: Research Methodology
Primary sources and secondary sources propel intelligence report on Global torque limiter market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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