Torque Limiter Market is expected to reach USD 401 million by 2030

Torque Limiter Market Size
Global Torque Limiter Market reached USD 285.2 million in 2022 and is expected to reach USD 401 million by 2030 growing with a CAGR of 5.0% during the forecast period 2023-2030.

A torque limiter plays a crucial role in preventing the excessive transmission of torque from a power source to a driven object. Its primary function is to limit the speed of a motor or drive system and protect against overloads, making it an essential component in industrial machinery. Torque limiters are integral to ensuring safety and preventing damage, driving the global torque limiter market.

The global torque limiter market is poised for steady growth, fueled by the increasing industrial demand for efficiency and safety measures. The packaging and labeling segment stands out as the largest, expected to contribute around 35% to the global torque limiter market in 2022. Torque limiters play a pivotal role in the packaging industry, facilitating the rapid opening of drive lines and the decoupling of masses in fractions of a second. This capability is instrumental in averting costly losses, further emphasizing the indispensable role of torque limiters in the packaging business.

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Market Dynamics

The increasing emphasis on industrial automation across sectors like manufacturing, automotive, and aerospace has driven a heightened demand for torque limiters. As industries move towards greater automation, various market players have responded by developing new and advanced automated storage and retrieval systems (AS/RS).

For instance, Honeywell International Inc. introduced a novel AS/RS system in November 2021, integrating artificial intelligence (AI) and machine learning (ML) to assist warehouse and distribution center operators in coping with the expanding e-commerce landscape. Torque limiters, by preventing excessive torque and overload conditions, play a pivotal role in ensuring the safety and protection of machinery and equipment within these automated systems.

Worker safety is a paramount concern in industries utilizing machinery and equipment. Torque limiters emerge as vital safety components, safeguarding machinery, operators, and other employees from accidents stemming from torque overload or unexpected equipment breakdowns. The deployment of torque limiters in such machinery is critical for precise control, reducing energy consumption, and enhancing overall operational efficiency while prioritizing safety in the industrial workplace.

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Market Segmentation

By Type
Friction
Balls & Rollers
Others

By Range
Up to 150 Nm
151-500 Nm
501-3,000 Nm
Greater than 3,000 Nm

By End-User
Steel Plants & Rolling Mills
Plastic & Rubber
Paper & Printing
Fabricated Metal Manufacturing
Packaging & Labelling
BSFI

Market Key Players
Major players are Rexnord Corporation, Martin Sprocket & Gear, Regal Beloit Americas Inc., ABB Motors and Mechanical Inc., Altra Industrial Motion, Dalton Gear Company, Fenner Drives, Inc., Nexen Group, Inc., KTR Systems GmbH and ComInTec S.r.l.


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