The Torque Transducer Market Is Estimated To Grow From USD 9.0 Billion By 2026
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Torque Transducer market.
Torque Transducer Market: Key Players
Sushma industry private limited
Crane electronics limited
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Segmentation Analysis of Torque transducer Market
The global Torque transducer market is categorized into seven major segments: product type, working, nominal speed, measuring range, geometry, end-use, technology and geographic region.
On the basis of product type, the Torque transducer market has been segmented into two types.
On the basis of working Torque transducer market has been segmented into two types.
Non-rotating / static
Rotary Torque Transducer is widely used in automotive manufacturing and design units. The uses of Rotary Torque transducer includes automotive engine testing, electric motor testing and efficiency testing over-torque. Moreover, the Rotary torque transducer market is predicted to launch advanced products to meet the demands of the consumers in the upcoming years.
On the basis of nominal speed Torque transducer market has been segmented into five types.
Up to 10000
From 10000 to 18000
From 18000 to 20000
From 20000 to 24000
More than 24000
On the basis of measuring range Torque transducer market has been segmented as follows:
up to 1 Nm
From 1Nm to 10Nm
From 10Nm to 100Nm
From 100Nm to 1000Nm
From 1000 to 10000 Nm
From 10000 to 80000 Nm
From 80000 to 300000 Nm
More than 300000 Nm
The measuring range decides whether the Toque Transducer is been utilized in the laboratories or in the industries.
On the basis of end-use, the Torque transducer market has been segmented as follows:
Oil & gas
Mining & offshore
Railway & subways
Agriculture / Heavy materials
On the basis of technology used, the Torque transducer market has been segmented as follows:
Surface acoustic wave (SAW)
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US Torque Transducer Industry Set to Recover in 2022
In 2019, US Torque Transducer sales were to the tune of 17.1 million. The outbreak of COVID-19 in early 2020, and subsequent shutdown created apprehensions that 2020 may be the worst year for US auto industry since Great Depression.
However, Torque Transducer sales climbed back slowly in US, partly helped by a quick shift to online sales. Many US automakers are now investing highly in online sales channel, with 2021 expected to witness high online sales.
As per early success of vaccine inoculation and consumer receptivity toward online sales, it is highly likely that 2021 will be a better year for sales. Total Torque Transducer sales in US are likely to be in the range of 15.5 million to 16 million.
Key findings of the Torque Transducer market study:
Regional breakdown of the Torque Transducer market based on predefined taxonomy.
Innovative manufacturing processes implemented by Torque Transducer vendors in detail.
Region-wise and country-wise fragmentation of the Torque Transducer market to grasp the revenue, and growth outlook in these areas.
Changing preferences among consumers across various regions and countries.
Factors (Positive and Negative) impacting the growth of the global Torque Transducer market.
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Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Air/pneumatic Balancers Market
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Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
Helping leading companies make strategy recalibrations ahead of their competitors and peers
Offers insights into promising synergies for top players aiming to retain their leadership position in the Air/pneumatic Balancers Market.
Indian Torque Transducer Outlook Subdued by COVID-19 Resurgence
The Indian automobile industry is beset with challenges arising due to a nation-wide second wave of COVID-19 epidemic. Things were looking up for the Indian automobile industry, however, lockdown measure to contain a more virulent COVID-19 can dent overall sales in 2021.
The localized restrictions imposed by governments can have an impact on dealership activity, logistics, and in-showroom consumer visits. Also, it is anticipated that India may have to brace up for further waves of COVID-19, which can dent consumer sentiment.
Queries addressed in the Torque Transducer market report:
Why are the Torque Transducer market players targeting region for increased product sales?
What patented technologies are the players utilizing in the global Torque Transducer market?
Which regions are displaying the fastest growth in the Torque Transducer market?
What are the underlying micro- macroeconomic factors affecting the global Torque Transducer market?
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