Market Overview:
The global eddy current brakes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient braking systems across various industries and vehicles. Additionally, the growing awareness about safety and environment-friendly technologies is also propelling the growth of this market. The global eddy current brakes market can be segmented on the basis of type into linear eddy current brakes and rotary eddy current brakes. Linear eddy current brakes are more popular than rotary ones as they are easier to install and maintain, which makes them suitable for industrial applications.
Product Definition:
An eddy current brake is a type of brake that uses an electric field to create a braking force. The braking force is created by the interaction between the electric field and the moving metal object. This type of brake is often used in high-speed applications, such as trains or roller coasters, because it can provide a lot of stopping power in a short amount of time.
Linear Eddy Current Brakes:
Linear eddy current brakes are a type of brake that uses linear actuators to apply the brakes. The braking action is achieved by moving thebrake shoe along with an attached armature coil, which creates an electromagnetic field around it and causes a current to flow in the coil. This system works on principles similar to those of solenoids and regenerative braking systems.
Rotary Eddy Current Brakes:
Rotary eddy current brakes are used in the market to limit the rotation of a vehicle. It is mainly used in two applications, namely automobiles and wind turbines. The basic principle of operation is that a small electric motor is coupled with the main shaft through an epicyclic gearbox. As soon as power is applied to this system, it causes torque to act on the main shaft which further drives an impeller or rotor via a reduction gearbox assembly (RGA).
Application Insights:
The industrial application segment led the global eddy current brakes market in 2017. This can be attributed to the growing demand for heavy machinery and equipment, especially in developing countries such as China and India. Furthermore, a rise in manufacturing activities has resulted in an increased requirement for safety equipment, which is expected to propel the growth of this segment over the forecast period.
Vehicles application segment is anticipated to witness significant growth over the forecast period owing to increasing automotive production across various regions coupled with stringent government regulations regarding road safety devices such as airbags and anti-lock braking systems (ABS). ABS is one of the major components used in modern vehicles that act as a fail-safe device preventing accidents from occurring due to loss of traction or skidding on wet roads or during emergency situations when drivers lose control of their cars.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing adoption in mining, oil & gas, and other industries. The region has been witnessing an increase in demand for heavy machinery such as excavators, loaders, drilling rigs & platforms among others.
The North American market was valued at USD X million in 2017 and is projected to witness significant growth during the forecast period on account of high product demand from various end-use industries such as construction, automotive/transportation sector among others.
Growth Factors:
- Increasing demand for electric and hybrid vehicles
- Growing awareness about the benefits of Eddy Current Brakes over traditional brakes
- Rising industrialization and urbanization across the globe
- Technological advancements in brake systems industry
- Stringent government regulations for vehicle safety
Scope Of The Report
Report Attributes
Report Details
Report Title
Eddy Current Brakes Market Research Report
By Type
Linear Eddy Current Brakes, Rotary Eddy Current Brakes
By Application
Industrial, Vehicles, Others
By Companies
Roteg Racing BV, SportDevices, Shandong Xinhai, Commander Controls, REDEX GROUP, Dynamatic, Zhengzhou Natong Auto Parts, Guangzhou Keao Retarder, Magtrol
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Eddy Current Brakes Market Report Segments:
The global Eddy Current Brakes market is segmented on the basis of:
Types
Linear Eddy Current Brakes, Rotary Eddy Current Brakes
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Vehicles, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Roteg Racing BV
- SportDevices
- Shandong Xinhai
- Commander Controls
- REDEX GROUP
- Dynamatic
- Zhengzhou Natong Auto Parts
- Guangzhou Keao Retarder
- Magtrol
Highlights of The Eddy Current Brakes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Linear Eddy Current Brakes
- Rotary Eddy Current Brakes
- By Application:
- Industrial
- Vehicles
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Eddy Current Brakes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Eddy Current Brakes are a type of hydraulic brake system that uses an electric motor to create a current of water through the brake pads, which slows or stops the vehicle.
Some of the major companies in the eddy current brakes market are Roteg Racing BV, SportDevices, Shandong Xinhai, Commander Controls, REDEX GROUP, Dynamatic, Zhengzhou Natong Auto Parts, Guangzhou Keao Retarder, Magtrol.
The eddy current brakes market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Eddy Current Brakes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Eddy Current Brakes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Eddy Current Brakes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Eddy Current Brakes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Eddy Current Brakes Market Size & Forecast, 2020-2028
4.5.1 Eddy Current Brakes Market Size and Y-o-Y Growth
4.5.2 Eddy Current Brakes Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Linear Eddy Current Brakes
5.2.2 Rotary Eddy Current Brakes
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Vehicles
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Eddy Current Brakes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Eddy Current Brakes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Linear Eddy Current Brakes
9.6.2 Rotary Eddy Current Brakes
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Vehicles
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Linear Eddy Current Brakes
10.6.2 Rotary Eddy Current Brakes
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Vehicles
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Linear Eddy Current Brakes
11.6.2 Rotary Eddy Current Brakes
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Vehicles
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Linear Eddy Current Brakes
12.6.2 Rotary Eddy Current Brakes
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Vehicles
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Linear Eddy Current Brakes
13.6.2 Rotary Eddy Current Brakes
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Vehicles
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Eddy Current Brakes Market: Competitive Dashboard
14.2 Global Eddy Current Brakes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Roteg Racing BV
14.3.2 SportDevices
14.3.3 Shandong Xinhai
14.3.4 Commander Controls
14.3.5 REDEX GROUP
14.3.6 Dynamatic
14.3.7 Zhengzhou Natong Auto Parts
14.3.8 Guangzhou Keao Retarder
14.3.9 Magtrol
