Market Overview:
The global torque limiter 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 torque limiters in various industries such as oil and gas, agricultural, mining and metals, textile, chemical and others. In addition, the growing awareness about safety among workers is also propelling the growth of this market. On the basis of type, friction plate-based torque limiters are expected to hold a major share of the global torque limiter market during the forecast period. This can be attributed to their high reliability and low maintenance requirements.
Product Definition:
A torque limiter is a device that limits the amount of torque that can be applied to a shaft. This is important because it prevents the shaft from being overloaded and potentially breaking.
Friction Plate:
Friction plate is a device that reduces the rotation of a shaft by generating resistance. It can be made of various materials like steel, aluminum, ceramic or carbon fiber. The friction plate does not modify the speed of the motor and provides smooth torque delivery to achieve efficient power transmission.
The major factor driving this market is growing demand for energy-efficient devices in industrial applications across developing economies such as India and China coupled with stringent government regulations on reducing fossil fuel consumption worldwide.
Magnetic Particle:
Magnetic particle is a device that produces magnetic field and uses electrical energy to propel charged particles along a wire. It can be used as an electric motor in which case it is known as a magneto-motive force generator or electromagnetic brakes in automobiles. The torque limiter utilizes the property of magnetic particles to reduce the speed of any rotating machine, including engines, motors and turbines.
Application Insights:
The global torque limiter market is segmented on the basis of application into oil and gas industry, agricultural industry, mining and metals industry, textile industry, chemical industry and other industries. The oil and gas sector dominated the overall market in terms of revenue share in 2017. This can be attributed to high demand for advanced technology products that ensure safe operations at high rotational speeds across all major regions worldwide.
The use of torque limiting devices has been mandatory by law across several sectors such as agriculture equipment manufacturing companies require them for protection against over-speed injuries caused due to slip-and-fall accidents while operating heavy machinery on farms or rural areas around the world.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40.0% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for industrial machinery and rising investments by multinational companies for manufacturing products using advanced technology at low costs.
The growing oil and gas industry in countries such as China, India, Indonesia, Malaysia and Vietnam is also anticipated to drive regional growth during the forecast period. Increasing government spending on infrastructure development has led to increased demand for Torque Limiter across Asia Pacific due to their pivotal role in providing reliable services at lower costs than other alternatives such as Automatic Voltage Regulation (AVR) equipment or power transformers that are used commonly across industries including oil & gas, electrical/electronic among others.
Growth Factors:
- Increasing demand for torque limiters in automotive and industrial applications
- Growing awareness about the benefits of using torque limiters
- Technological advancements in the design and manufacturing of torque limiters
- Rising demand for customized torque limiters to meet specific application requirements
- Growing number of replacement and aftermarket sales
Scope Of The Report
Report Attributes
Report Details
Report Title
Torque Limiter Market Research Report
By Type
Friction Plate, Magnetic Particle, Magnetic Hysteresis
By Application
Oil and Gas Industry, Agricultural, Mining and Metals Industry, Textile Industry, Chemical Industry, Other
By Companies
Rexnord, Martin Sprocket & Gear, Regal PTS (Morse, Browning), Baldor (Dodge), Altra Motion (Boston Gear), Dalton, Ringfeder, Fenner Drives, Mayr, KTR
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Torque Limiter Market Report Segments:
The global Torque Limiter market is segmented on the basis of:
Types
Friction Plate, Magnetic Particle, Magnetic Hysteresis
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
Oil and Gas Industry, Agricultural, Mining and Metals Industry, Textile Industry, Chemical Industry, 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:
- Rexnord
- Martin Sprocket & Gear
- Regal PTS (Morse, Browning)
- Baldor (Dodge)
- Altra Motion (Boston Gear)
- Dalton
- Ringfeder
- Fenner Drives
- Mayr
- KTR
Highlights of The Torque Limiter 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:
- Friction Plate
- Magnetic Particle
- Magnetic Hysteresis
- By Application:
- Oil and Gas Industry
- Agricultural
- Mining and Metals Industry
- Textile Industry
- Chemical Industry
- 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 Torque Limiter 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?
Torque limiter is a device that limits the amount of torque applied to an object. This can be helpful in preventing damage to the object or injury to people nearby.
Some of the key players operating in the torque limiter market are Rexnord, Martin Sprocket & Gear, Regal PTS (Morse, Browning), Baldor (Dodge), Altra Motion (Boston Gear), Dalton, Ringfeder, Fenner Drives, Mayr, KTR.
The torque limiter market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Torque Limiter Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Torque Limiter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Torque Limiter Market - Supply Chain
4.5. Global Torque Limiter Market Forecast
4.5.1. Torque Limiter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Torque Limiter Market Size (000 Units) and Y-o-Y Growth
4.5.3. Torque Limiter Market Absolute $ Opportunity
5. Global Torque Limiter Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Torque Limiter Market Size and Volume Forecast by Type
5.3.1. Friction Plate
5.3.2. Magnetic Particle
5.3.3. Magnetic Hysteresis
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Torque Limiter Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Torque Limiter Market Size and Volume Forecast by Application
6.3.1. Oil and Gas Industry
6.3.2. Agricultural
6.3.3. Mining and Metals Industry
6.3.4. Textile Industry
6.3.5. Chemical Industry
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Torque Limiter Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Torque Limiter Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Torque Limiter Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Torque Limiter Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Torque Limiter Demand Share Forecast, 2019-2026
9. North America Torque Limiter Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Torque Limiter Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Torque Limiter Market Size and Volume Forecast by Application
9.4.1. Oil and Gas Industry
9.4.2. Agricultural
9.4.3. Mining and Metals Industry
9.4.4. Textile Industry
9.4.5. Chemical Industry
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Torque Limiter Market Size and Volume Forecast by Type
9.7.1. Friction Plate
9.7.2. Magnetic Particle
9.7.3. Magnetic Hysteresis
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Torque Limiter Demand Share Forecast, 2019-2026
10. Latin America Torque Limiter Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Torque Limiter Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Torque Limiter Market Size and Volume Forecast by Application
10.4.1. Oil and Gas Industry
10.4.2. Agricultural
10.4.3. Mining and Metals Industry
10.4.4. Textile Industry
10.4.5. Chemical Industry
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Torque Limiter Market Size and Volume Forecast by Type
10.7.1. Friction Plate
10.7.2. Magnetic Particle
10.7.3. Magnetic Hysteresis
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Torque Limiter Demand Share Forecast, 2019-2026
11. Europe Torque Limiter Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Torque Limiter Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Torque Limiter Market Size and Volume Forecast by Application
11.4.1. Oil and Gas Industry
11.4.2. Agricultural
11.4.3. Mining and Metals Industry
11.4.4. Textile Industry
11.4.5. Chemical Industry
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Torque Limiter Market Size and Volume Forecast by Type
11.7.1. Friction Plate
11.7.2. Magnetic Particle
11.7.3. Magnetic Hysteresis
11.8. Basis Pont Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Torque Limiter Demand Share, 2019-2026
12. Asia Pacific Torque Limiter Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Torque Limiter Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Torque Limiter Market Size and Volume Forecast by Application
12.4.1. Oil and Gas Industry
12.4.2. Agricultural
12.4.3. Mining and Metals Industry
12.4.4. Textile Industry
12.4.5. Chemical Industry
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Torque Limiter Market Size and Volume Forecast by Type
12.7.1. Friction Plate
12.7.2. Magnetic Particle
12.7.3. Magnetic Hysteresis
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Torque Limiter Demand Share, 2019-2026
13. Middle East & Africa Torque Limiter Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Torque Limiter Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Torque Limiter Market Size and Volume Forecast by Application
13.4.1. Oil and Gas Industry
13.4.2. Agricultural
13.4.3. Mining and Metals Industry
13.4.4. Textile Industry
13.4.5. Chemical Industry
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Torque Limiter Market Size and Volume Forecast by Type
13.7.1. Friction Plate
13.7.2. Magnetic Particle
13.7.3. Magnetic Hysteresis
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Torque Limiter Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Torque Limiter Market: Market Share Analysis
14.2. Torque Limiter Distributors and Customers
14.3. Torque Limiter Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Rexnord
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Martin Sprocket & Gear
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Regal PTS (Morse, Browning)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Baldor (Dodge)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Altra Motion (Boston Gear)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Dalton
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ringfeder
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Fenner Drives
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mayr
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. KTR
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
