Torque Sensors Market to Incur High Value Growth at 9.3% CAGR During 2015 – 2021
Request for Report Sample @ https://www.persistencemarketresearch.com/samples/5069
The torque sensor is a device used for measuring the torque of rotating systems such as electric motors, engine, gearbox, draft shaft, etc. Torque measurement and monitoring are an important parameter in all machines and engines.
The global torque sensor market is expected to witness a significant growth during the forecast period (2015-2021). Various factors, such as emerging applications of torque sensors, rising demand for precise torque measurement technology, and high demand from the automotive application segment, are driving the growth of the global torque sensor market currently. Furthermore, trends that follow with the growth of torque sensor market include: development of non-contact & wireless sensors, growing adoption of quality standard specifications (such as ISO 9000), and imposition of strict government regulations related to machine safety in developed countries.
The global torque sensor market is segmented on the basis of product type, mechanical configuration, application, and region. On the basis of product type, the global torque sensor market is segmented into different types of torque sensor products. The rotary torque sensor segment is expected to remain dominant throughout the forecast period, with high revenue contribution. By the end of 2015, the rotary torque sensor segment is expected to hold more than 53% share of the global torque sensor market. However, by 2021, the segment is expected to lose its market share to other product types segments.
In terms of mechanical configuration, the flange style segment is expected to expand at the highest CAGR over the forecast period. However, in 2014, revenue generated by the flange segment was low as compared to the other segments.
On the basis of application, the automotive & transportation application segment held the largest share of the global torque sensor market in 2014, and it is expected to remain dominant throughout the forecast period. Factors which are driving the growth of the global torque sensor market in the automotive & transportation application segment include increasing adoption of torque sensors in various automotive systems, the introduction of new types of torque sensors by key players, and increasing demand for electric-powered steering systems in vehicles.
The report provides in-depth information about various factors and trends affecting each market segment and provides analysis and insights about the potential of the torque sensor market in specific regions. On the basis of region, the global torque sensor market is segmented into five regions. Among these, APAC is expected to dominate the market, accounting for 31.9% value share of the market by the end of 2015, and it is expected to remain dominant till 2021. However, the Middle East & Africa market is anticipated to expand at the highest CAGR during the forecast period.
To view TOC of this report is available upon request @ https://www.persistencemarketresearch.com/methodology/5069
Key market players in the global torque sensor market include ABB Ltd., ATI Industrial Automation, Inc., FUTEK Advanced Sensor Technology, Inc., Interface Inc., Honeywell International Inc., Crane Electronics Ltd., Kistler Holding AG, HBM GmBH, Sensor Technology Ltd., and Datum Electronics Limited. Key market players are focusing on product innovations and launch of new products to cater to the emerging needs of the customers. For example, in June 2013, ATI Industrial Automation, Inc. launched Wireless F/T, for up to six ATI multi-axis force/torque transducers, which can be powered by internal battery as well as an external power source. In April 2015, Crane Electronics Ltd. launched RFm, which enables reading of torque and angle values in real time and converts them into digital values.
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes
Persistence Market Research
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Torque Sensors Market to Incur High Value Growth at 9.3% CAGR During 2015 – 2021 here
News-ID: 1496049 • Views: 110
More Releases from Persistence Market Research
Gardening Tools Market to Witness CAGR of 1.6% Rise in Value Share During the Pe …
In terms of volume, the global gardening tools market is projected to register 1.6% CAGR during the forecast period 2017 to 2025, according to a recent report by Persistence Market Research (PMR). PMR’s report estimates the global sales of gardening tools to expand from nearly 280,000 ‘000 units in 2017 to surpass 300,000 ‘000 units by 2025-end. People in developed economies consider home improvement and small maintenance activities as a favorable
Industrial Gloves Market to Record CAGR of 9.2% Increase in Revenue by 2025
Persistence Market Research in its new report projects that in 2017, around 113,272 Mn pairs of industrial gloves will be sold worldwide. As per the estimate, hand injuries are among the leading work accidents, hence regulatory bodies are trying to enforce strict worker safety regulations making industrial gloves a compulsory safety gear. According to the report, the global industrial gloves market is set to increase at a CAGR of 9.2%
Crisis Emergency And Incident Management Platforms Market: Where is the Market H …
Every year, the world suffers billions of dollars in economic losses entailing natural calamities or premeditated incidents. Governments from all parts of the world are keeping sizeable wealth as a reserve for dealing with aftermath of such emergency situations. Reimbursing millions among families who lost their members and controlling the property damage by extending redevelopment budgets sounds reasonable, but needs to be carried out effectively. In situations when every penny
How will the Growth Unfold for Eye Health Products Market Leaders?
Hectic lifestyles and exposure to toxic materials can adversely impact the eyesight of people, which is why they are compelled to strive for a healthy vision. Growing need to maintain that perfect “20/20” eyesight has spiked the demand for eye health supplements. Prevalence of cataracts, macular degeneration, glaucoma and many other eye diseases is prompting people to get eye health supplements prescribed from their ophthalmologists. For visually-impaired people, eye specialists
More Releases for Sensor
Global Wheel Speed Sensor (ABS Sensor) Market Insights, Forecast
This report presents the worldwide Wheel Speed Sensor (ABS Sensor) market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=60313 Table of Contents: Table of Contents 1 Study Coverage 1.1 Wheel Speed Sensor (ABS Sensor) Product 1.2 Key Market Segments in This Study 1.3 Key Manufacturers
Global Body Sensor Market - By Type (EEG Sensor, Visual Sensor, Respiration Sens …
Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled “Global Body Sensor Market - Assessment Covering Growth Factors and Upcoming Trends by 2022 End”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2022. The report also targets important facets such as market drivers, challenges, latest trends,
Actuator Sensor Interface Market: Growing Demand For Actuator Sensor Interface
An industrial networking solution (protocol, data access method and physical layer) that is used in a distributed control system (DCS), programmable logic controller (PLC), and PC-based automation system is called an actuator sensor interface or AS-i. An AS-i is designed to connect field input/output (I/O) devices (for instance ON/OFF devices such as rotary encoders, sensors, push buttons, valve position sensors, and analog inputs and outputs) in process applications and discrete
Global Passive Infrared Sensor (PIR Sensor) Market Report Till 2022
Market Study Report Add New Global Passive Infrared Sensor (PIR Sensor) Market Outlook 2017-2022 to its research database presenting an informative study covering the market with detailed analysis. The report will assist reader with better understanding. The report spread across 95 pages with table and figures in it. A passive infrared sensor (PIR sensor) is an electronic sensor that measures infrared (IR) light radiating from objects in its field of view.
Motion Sensor Market Revenue Forecast 2015 - 2023 Microwave Sensor, Infrared Mot …
Research report on "Motion Sensor Market (By Types - MEMS Magnetometer, MEMS Accelerometer, MEMS Gyroscope and Sensor Combos By Technology Types - Microwave Sensor, Infrared Motion Sensor, Tomographic Sensor, Ultrasonic Sensor and Others By Application Type - Industrial Application, Consumer electronics, Automotive Application, Fitness and Wellness, Healthcare, Aerospace and Defense and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023" Motion sensor is a device that
Automotive MEMS Sensor
The Insight Partners added “Laser Technology Market to 2025” to its research database. The report is spread across 150 pages and supported by 10 company leaders. A laser is a coherent and focused beam of photons; coherent, in this context, means that it is all one wavelength, unlike ordinary light which showers on us in many wavelengths. Laser technology is used for an extensive range of professional field measurement applications which