Torque Limiter Market Scope
Torque Limiter are components or equipment which when installed help in avoidance or prevent mechanical overload in machinery. This devices make sure that the machinery doesn’t cross the threshold torque upper limit. Thus with rapid industrialisation and increase sale of industrial machinery around the world, this component becomes critical to extend the life of machinery and reduce the wear and tear.
The Torque Limiter market study is segmented by Type (Medium and Small Size, Large Size and With Sprocket), by Application (Textile Manufacturing, Packaging and Assembly Services, Printing, General Machine and Manufacturing, Forest Products and Others) and major geographies with country level break-up.
Regal Beloit Corporation (United States), Nexen Group, Inc. (United States), ABB Ltd. (Switzerland), Chr. Mayr GmbH + Co. KG (Germany), Martin Sprocket & Gear, Inc. (United States), Dalton Gear Company (United States), Altra Industrial Motion (United States), Tsubakimoto Chain Group (Japan), KTR Systems GmbH (Germany), Fenner Drives, Inc. (United Kingdom) and RINGSPANN GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Cross & Morse Ltd (United Kingdom) and R+W Antriebselemente GmbH (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Torque Limiter market by Type, Application and Region.
On the basis of geography, the market of Torque Limiter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In 2020, ABB Ltd, Swiss multinational giant in robotics, power, heavy electrical equipment, and automation technology is exploring its options to sell its North American Turbo Charging and Power Transmission arm known as Dodge. The proposal is aimed at reducing the mounting pressure on ABB ltd.
Market Trend
- Rise of Robotics and Automation Industry has Started Adoption for Extending the Life of Moving Parts within Machinery
Market Drivers
- Rapid Industrialisation in Developing Countries
- Increasing Incidents of Accidents Due to Machines or Machinery Breakdown
Opportunities
- Increased Investment in Manufacturing Machinery and Industrialisation in the Asia Pacific Region
Restraints
- Less Awareness about Working and Functions
Challenges
- Decreasing Efficiency Because of Low Innovation
Key Target Audience
Torque Limiter Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries