Market Overview:
The global in-line torque transducers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for in-line torque transducers from the automotive industry, industrial machinery, aerospace, ships and transportation, laboratory and other applications. Static torque sensors are expected to hold a larger share of the global in-line torque transducers market during the forecast period as compared to dynamic torque sensors. North America is expected to hold a leading position in terms of revenue contribution followed by Europe and Asia Pacific during the forecast period.
Product Definition:
In-line torque transducers are used to measure the amount of torque being applied to a shaft. This information can be used to monitor the performance of a motor or engine, ensure that components are not over-stressed, and diagnose problems. In-line torque transducers are important for ensuring the safety and efficiency of machines and vehicles.
Static Torque Sensor:
A static torque sensor is a device that measures the force in any one of the three orthogonal directions (x, y, z), which is generated by rotating machine parts. It can be used to measure both axial and radial forces. The most common application of these sensors is to detect cracks in engine block or piston rings with an accuracy better than 0.1 Nm.
Dynamic Torque Sensor:
The torque measurement is one of the most important factors in any industrial application. The torque measurement system has been evolving over the past few years and currently, there are many different types of sensors used for measuring torque. However, these different types of sensors have some commonalities such as they measure rotational force either by looking at the output shaft or using a free body principle.
Application Insights:
Automotive application segment accounted for the largest share in terms of revenue and is expected to continue its dominance over the forecast period. The growing automotive industry, particularly in developing regions such as Asia Pacific and Latin America is anticipated to boost product demand. In addition, stringent government regulations regarding vehicle safety are further anticipated to propel market growth during the forecast period.
The industrial machinery segment is also expected to grow significantly owing to increasing use of torque sensors by manufacturers of construction equipment, material handling equipment, compressors/turbines/motors among other industrial machinery applications including oil & gas and energy sector.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing automotive production, favorable government regulations for manufacturing vehicles, and rising investments by key players in emerging countries such as China and India. Moreover, growing industrialization coupled with an increase in foreign investments is also anticipated to drive demand over the next eight years.
The Asia Pacific has a large number of manufacturers that are involved in various stages of development from R&D through engineering & design through production & assembly line operations until delivery at the final customer site for use or consumption. These companies are engaged in developing new products based on latest technologies along with incorporating them into their existing product portfolio as replacements or upgrades thus generating revenue for their respective organizations; however, they may not have been able to capitalize fully on these opportunities due primarily to lack of resources such as qualified labor force skilled technicians etc.
Growth Factors:
- Increasing demand for in-line torque transducers from the automotive industry as a result of the increasing production of passenger cars and commercial vehicles.
- Growing demand for in-line torque transducers from the aerospace industry due to the increasing number of aircraft orders across the globe.
- Rising adoption of in-line torque transducers by metal processing industries to improve their manufacturing processes and product quality.
- Increasing use of in-line torque transducers by power generation companies to monitor and optimize their turbine operations, thereby reducing energy costs.
Scope Of The Report
Report Attributes
Report Details
Report Title
In-Line Torque Transducers Market Research Report
By Type
Static Torque Sensor, Dynamic Torque Sensor
By Application
Automobile Industry, Industrial Machinery, Aerospace, Ships and Transportation, Laboratory, Other
By Companies
Honeywell, OMEGA, PROTO INDUSTRIAL, PCB Piezotronics, Crane Electronics, Grainger, HBM - Torque Transducers, Magtrol, Jetco Advanced Torque Tools, WEN Technology, STANLEY, S. Himmelstein and Company, Abq Industrial
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
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global In-Line Torque Transducers Market Report Segments:
The global In-Line Torque Transducers market is segmented on the basis of:
Types
Static Torque Sensor, Dynamic Torque Sensor
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
Automobile Industry, Industrial Machinery, Aerospace, Ships and Transportation, Laboratory, Other
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:
- Honeywell
- OMEGA
- PROTO INDUSTRIAL
- PCB Piezotronics
- Crane Electronics
- Grainger
- HBM - Torque Transducers
- Magtrol
- Jetco Advanced Torque Tools
- WEN Technology
- STANLEY
- S. Himmelstein and Company
- Abq Industrial
Highlights of The In-Line Torque Transducers 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:
- Static Torque Sensor
- Dynamic Torque Sensor
- By Application:
- Automobile Industry
- Industrial Machinery
- Aerospace
- Ships and Transportation
- Laboratory
- Other
- 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 In-Line Torque Transducers 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
In-Line Torque Transducers are devices that measure the torque applied to a shaft or other rotating component. This information can be used to calculate rotational speed, power output, and other performance metrics.
Some of the major companies in the in-line torque transducers market are Honeywell, OMEGA, PROTO INDUSTRIAL, PCB Piezotronics, Crane Electronics, Grainger, HBM - Torque Transducers, Magtrol, Jetco Advanced Torque Tools, WEN Technology, STANLEY, S. Himmelstein and Company, Abq Industrial.
The in-line torque transducers 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 In-Line Torque Transducers 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 In-Line Torque Transducers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 In-Line Torque Transducers 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 In-Line Torque Transducers 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 In-Line Torque Transducers Market Size & Forecast, 2020-2028
4.5.1 In-Line Torque Transducers Market Size and Y-o-Y Growth
4.5.2 In-Line Torque Transducers 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 Static Torque Sensor
5.2.2 Dynamic Torque Sensor
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 Automobile Industry
6.2.2 Industrial Machinery
6.2.3 Aerospace
6.2.4 Ships and Transportation
6.2.5 Laboratory
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global In-Line Torque Transducers 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 In-Line Torque Transducers 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 Static Torque Sensor
9.6.2 Dynamic Torque Sensor
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 Automobile Industry
9.10.2 Industrial Machinery
9.10.3 Aerospace
9.10.4 Ships and Transportation
9.10.5 Laboratory
9.10.6 Other
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 Static Torque Sensor
10.6.2 Dynamic Torque Sensor
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 Automobile Industry
10.10.2 Industrial Machinery
10.10.3 Aerospace
10.10.4 Ships and Transportation
10.10.5 Laboratory
10.10.6 Other
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 Static Torque Sensor
11.6.2 Dynamic Torque Sensor
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 Automobile Industry
11.10.2 Industrial Machinery
11.10.3 Aerospace
11.10.4 Ships and Transportation
11.10.5 Laboratory
11.10.6 Other
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 Static Torque Sensor
12.6.2 Dynamic Torque Sensor
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 Automobile Industry
12.10.2 Industrial Machinery
12.10.3 Aerospace
12.10.4 Ships and Transportation
12.10.5 Laboratory
12.10.6 Other
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 Static Torque Sensor
13.6.2 Dynamic Torque Sensor
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 Automobile Industry
13.10.2 Industrial Machinery
13.10.3 Aerospace
13.10.4 Ships and Transportation
13.10.5 Laboratory
13.10.6 Other
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 In-Line Torque Transducers Market: Competitive Dashboard
14.2 Global In-Line Torque Transducers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 OMEGA
14.3.3 PROTO INDUSTRIAL
14.3.4 PCB Piezotronics
14.3.5 Crane Electronics
14.3.6 Grainger
14.3.7 HBM - Torque Transducers
14.3.8 Magtrol
14.3.9 Jetco Advanced Torque Tools
14.3.10 WEN Technology
14.3.11 STANLEY
14.3.12 S. Himmelstein and Company
14.3.13 Abq Industrial
