Global Torque Sensor Market is expected to reach USD 2494.8 Million by 2024 from USD 1427.7 Million in 2016 at CAGR of 8.3% (Detailed analysis of the market CAGR is provided in the report).
Global Torque Sensor MarketGlobal Torque Sensor market is the advance deceives that measure and record torque on the rotation system. Those devices are also known as torque meter or torque transducer. Such devices are used for transmission, engine, gearbox, crankshaft, rotor, or a bicycle crank.
Global Torque Sensor Markets segmented by Product, Application, Mechanical Configuration, and geography. Product segment is sub-segmented as Reaction Torque Sensor, Rotary Torque Sensor, SAW Torque Sensor, Optical Torque Sensor and Magnetoelastic Torque Sensor. This Rotary Torque Sensor Product segment is estimated to grow the Torque Sensor market share in the forecast period, especially in automotive industries. This automotive industry uses mainly for automotive engine testing, efficiency testing, electric motor testing etc. Application segment is bifurcated as Medical & Healthcare, Automotive & Transportation, Aerospace& Defense and other (oil& gas) in Torque Sensor market. This application of torque sensor mainly done in Automotive & Transportation, which boost the efficiency of torque market. And Mechanical Configuration is sub-segmented into Flange Style and Shaft Style. Thus this growth is attributed to increased efficiency. The Torque Sensor market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa and Latin America.
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Increments in Towards Condition-Based Maintenance (CBM), Introduction of Electric Vehicles, up gradation To Electric Power Steering Systems and Need for Better Fuel Efficiency are trending factor overall Global Torque Sensor Market. However, at the same note, lack of Reliable Torque Sensors for High-End Applications will restrain the Global Torque Sensor market growth. Torque Sensor Market is dominated to largest market in forecast period followed by North America. Increasing manufacturing and sales of the product in the regions such as the Asia Pacific will fuel the torque sensor Marketing.
The years that have been considered for the study are:
• Base year – 2016
• Estimated year – 2017
• Forecast period – 2017 to 2024
Key Highlights:
• Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints and challenges for Global Torque Sensor Market during the forecast period
• Complete quantitative analysis of the industry from 2017 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
• Global Torque Sensor Market analysis and comprehensive segmentation with respect to the Product, Application, Mechanical Configuration, and geography to assist in strategic business planning
• Global Torque Sensor Market analysis and forecast for five major geographies North America, Europe, Asia Pacific, Middle East & Africa, Latin America and their key regions
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Research Methodology
The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get the unbiased idea of the market. This exercise was done at the country level to get a fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at the global market value for Global Torque Sensor Market
Key Players in the Global Torque Sensor MarketAre:
• Applied Measurements
• ABB
• Aimco
• Futek Advanced Sensor Technology
• Kistler Instrumente Ag
• Measurement Specialties
• Magcanica, Inc.
• Datum Electronics
• Ati Industrial Automation
• Crane Electronics
• Norbar Torque Tools
• Honeywell
• Interface
• PCB Piezotronics
• HBM
• Mountz
• Teledyne Technologies
• S. Himmelstein And Company
• Transense Technologies
• Sensor Technology
Key Target Audience:
• Research and Consulting Firms as well as Venture capitalists, private equity firms, and startup companies
• Technology providers
• Torque Sensor system providers
• Associations, organizations, and forums related to Torque Sensor
• Venture capitalists and private equity firms
• Startup companies
• Government Bodies
The scope of the Global Torque Sensor Market:
Research report categorizes the Global Torque Sensor Market based on Product, Application, Mechanical Configuration, and geography (region wise). Market size by value is estimated and forecasted with the Application of leading companies operating in the Global Torque Sensor Market with key developments in companies and market trends.
Global Torque Sensor Market, By Product
o Reaction Torque Sensor
o Rotary Torque Sensor
o SAW Torque Sensor
o Optical Torque Sensor
o Magnetoelastic Torque Sensor
Global Torque Sensor Market, By Application
o Medical & Healthcare
o Automotive & Transportation
o Aerospace& Defense
o other (oil& gas)
Global Torque Sensor Market, By Mechanical Configuration
o Flange Style
o Shaft Style
Global Torque Sensor Market, By Geography
o North America
o Europe
o Asia Pacific
o Middle East & Africa
o Latin America
Available Customization
Maximize Market Research offers customization of report and scope of the report as per the specific requirement of our client.
MAJOR TOC OF THE REPORT
Chapter One: Torque Sensor Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Torque Sensor Market Competition, by Players
Chapter Four: Global Torque Sensor Market Size by Regions
Chapter Five: North America Torque Sensor Revenue by Countries
Chapter Six: Europe Torque Sensor Revenue by Countries
Chapter Seven: Asia-Pacific Torque Sensor Revenue by Countries
Chapter Eight: South America Torque Sensor Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Torque Sensor by Countries
Chapter Ten: Global Torque Sensor Market Segment by Type
Chapter Eleven: Global Torque Sensor Market Segment by Application
Chapter Twelve: Global Torque Sensor Market Size Forecast (2019-2026)
Browse Full Report with Facts and Figures of Torque Sensor Market Report at: https://www.maximizemarketresearch.com/market-report/global-torque-sensor-market/8098/
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