In November 2020, Tesla Issued a Patent for an "Overload Clutch" with Superior Mechanical Strength Characteristics

Electric vehicles are getting immensely popular amongst consumers in recent times. According to the article by EV Volumes, electric vehicle sales reached 6.75 million units in 2021, which was 108% more than in 2020. The global share of electric vehicles (BEV and PHEV) in global light vehicle sales was 8.3% compared to 4.2% in 2020. BEVs sales are 71% of total EV sales, while PHEVs sales are 29%.

Access full Report @ https://www.databridgemarketresearch.com/reports/global-torque-limiter-market

The Global Torque Limiter Market is expected to reach USD 401,488.91 thousand by 2030 from USD  281,789.51 thousand in 2023, growing with a CAGR of 5.2% in the forecast period of 2023 to 2030. The high adoption of torque limiters in the aerospace industry is expected to boost market growth, while the high carbon footprint of the automotive sector may restrain the market growth. Grow in awareness about enhanced safety systems is expected to act as an opportunity, and a lack of technological awareness about the functioning of products may challenge the market growth. Market players focus on new product development, partnership, and other strategies to increase their market share.                

Torque Limiter Market

High adoption of torque limiters in the aerospace industry across the world will drive the market's growth rate

In recent days, it has been witnessed that torque limiter is frequently used and are in high demand. Many companies involved in the production of torque limiters are coming up with innovative products. Thus, the growing adoption of torque limiters in the aerospace industry is making manufacturers produce more products. The high adoption of torque limiters and technological changes are forcing the major players to upgrade aircraft with advanced torque limiter systems. This is expected to lead to the growth of the global torque limiter market.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Thousand, Volumes in Units, Pricing in USD

Segments Covered

Type (Friction Torque Limiter, Balls/Rollers Torque Limiter, Shear Pin, Hydraulic, Magnetic, Electronic, and Others), Torque Range (501 to 3,000 Nm, 151 to 500 Nm, Greater Than 3,000 Nm, Less Than 150 Nm), Bore Range (55 Mm – 92 Mm, Upto 55 Mm, 93 Mm – 150 Mm, More Than 150 Mm), Drive Arrangement (Coupling, Pilot Mount), Design (Slip Clutch, Disconnect Torque Limiter), Application (Conveyors, Gearboxes, Generators, Motor), End User (Aerospace & Defense, Packaging & Labeling, Paper & Printing, Transportation, Metal Industry, Mining Industry, Energy & Power, Farm & Agriculture, Food and Beverages, Textiles, Plastic & Rubber, Medical & Surgical Tools, Water & Wastewater)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Altra Industrial Motion Corp. (U.S.), Chr. Mayr GmbH + Co. KG (Germany), KTR Systems GmbH (Germany), R+W Antriebselemente GmbH (Germany), Nexen Group, Inc. (U.S.), Howdon Power Transmission Limited (U.K.), TSUBAKIMOTO CHAIN CO. (Japan), RINGSPANN GmbH (Germany), Andantex USA Inc. (U.S.), SIT S.p.A. (Italy), Maschinenfabrik Mönninghoff GmbH & Co. KG (Germany), The Carlyle Johnson Machine Company, LLC. (U.S.), Fenner Drives, Inc. (U.S.), Dalton Gear Company (U.S.), MACH III CLUTCH, INC. (U.S.), and Nu-Teck Couplings Pvt. Ltd. (India) among others

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand

Segment Analysis:

The global torque limiter market is segmented into seven notable segments, which are based on type, torque range, bore range, drive arrangement, design, application, and end-user.

  • On the basis of type, the global torque limiter market is segmented into friction torque limiter, balls/rollers torque limiter, shear pin, magnetic, hydraulic, electronic, and others. In 2023, the friction torque limiter segment is expected to dominate the global torque limiter market with a 36.77% market share due to its simple design and wide applications, such as in the aerospace and automotive industry due to the wide torque range.
  • On the basis of torque range, the global torque limiter market is segmented into 501 to 3,000 Nm, 151 to 500 Nm, greater than 3,000 Nm, and less than 150 Nm. In 2023, the 501 to 3,000 Nm segment is expected to dominate the global torque limiter market with a 36.78% market share due to the wide number of industrial applications with motor and coupling requirements.
  • On the basis of the bore range, the global torque limiter market has been segmented into 55 mm – 92 mm, upto 55 mm, 93 mm – 150 mm, and more than 150 mm. In 2023, the 55 mm – 92 mm segment is expected to dominate the global torque limiter market with a 41.26% market share owing to the wide motor coupling applications in the industrial gearboxes required for power machinery.
  • On the basis of drive arrangement, the global torque limiter market is segmented into coupling and pilot mount. In 2023, the coupling segment is expected to dominate the global torque limiter market with a 65.24% market share owing to motor coupling and protection from torque being the primary application and most motors being the high-application device.
  • On the basis of design, the global torque limiter market is segmented into slip clutch and disconnect torque limiter. In 2023, the slip clutch segment is expected to dominate the global torque limiter market with a 62.68% market share due to its simple design and avoiding sudden jerks.
  • On the basis of application, the global torque limiter market is segmented into conveyors, gearboxes, generators, and motor. In 2023, the conveyors segment is expected to dominate the global torque limiter market with a 41.31% market share owing to the high susceptibility to the high frequency of damage due to the sudden torque change in the operation.

The conveyors segment will dominate the application segment of the torque limiter market

The conveyors segment will emerge as the dominating segment under distribution channel. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the healthcare industry all around the globe will further bolster the growth of this segment.

  • On the basis of end user, the global torque limiter market is segmented into aerospace & defense, packaging and labelling, paper and printing, transportation, metal industry, mining industry, energy and power, farm & agriculture, food and beverages, textiles, plastic and rubber, medical & surgical tools, and water & wastewater. In 2023, the aerospace & defense segment is expected to dominate the global torque limiter market with a 22.02% market share owing to the demand as they improve the reliability of electromechanical actuators (EMA) important in the control of an aircraft.

The aerospace & defense segment will dominate the end user segment of the torque limiter market

The aerospace & defense segment will emerge as the dominating segment end user segment.  This is because of the growing demand from aerospace & defense industries in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.

Major Players         

Data Bridge Market Research recognizes the following companies as the market players in market: Altra Industrial Motion Corp. (U.S.), Chr. Mayr GmbH + Co. KG (Germany), KTR Systems GmbH (Germany), R+W Antriebselemente GmbH (Germany), Nexen Group, Inc. (U.S.), Howdon Power Transmission Limited (U.K.), TSUBAKIMOTO CHAIN CO. (Japan), RINGSPANN GmbH (Germany), Andantex USA Inc. (U.S.), SIT S.p.A. (Italy), Maschinenfabrik Mönninghoff GmbH & Co. KG (Germany), The Carlyle Johnson Machine Company, LLC. (U.S.), Fenner Drives, Inc. (U.S.), Dalton Gear Company (U.S.), MACH III CLUTCH, INC. (U.S.), and Nu-Teck Couplings Pvt. Ltd. (India).

Torque Limiter Market

Market Development

  • In November 2023, Altra Industrial Motion Corp. announced they had launched a brand-new SIL3/Ple Brake System Flyer. It is an advanced braking system technology that provides enhanced safety performance required to meet demanding safety regulations on applications, including people moving and lifting equipment. The company will attract more customers and expand its product portfolio through this product launch
  • In September 2019, Chr. Mayr GmbH + Co. KG. launched Intelligent safety for small brakes. It has power transmission and is not only able to monitor and supply safety brakes without the use of sensors. It also supplies data and therefore provides intelligent safety. Through this product, the company has attracted more customers and expanded its product portfolio  

Regional Analysis

Geographically, the countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

As per Data Bridge Market Research analysis:

Europe is the dominant region in torque limiter market during the forecast period 2023 to 2030

As a result of the presence of significant industry important players and considerable R&D efforts, the Europe region currently dominates the worldwide torque limiter market and is anticipated to maintain this dominance over the forecast period. One of the main factors influencing the growth of the market is the manufacturing industries' quick expansion.

Asia-Pacific is estimated to be the fastest growing region in torque limiter market the forecast period 2023 to 2030

As a result of the high adoption rate of automation for industrial processes in a variety of industries, including energy & electricity, food & beverage, and paper & printing, the Asia-Pacific region is expected to grow to be a very lucrative market for torque limiters throughout the forecast period.

COVID-19 Impact

Torque limiters are used to safeguard machinery and equipment against damage caused by mechanical overload and excessive torque. Excess torque can harm machine components such as gearing, couplings or drive shafts. Additionally, it is utilized to stop a machine and release any excess rotational energy. The COVID-19 pandemic's effects on the sales revenue of market leaders, market followers, and market disruptors were examined in the report study, and this is reflected in our analysis. Widespread usage of torque limiters in heavy-load applications helps stakeholders save money and increase profits by extending the life of heavy-duty gear. A promising market expansion is anticipated for the torque limiter industry globally in the near future. 

For more detailed information about the lipids market, visit: https://www.databridgemarketresearch.com/reports/global-torque-limiter-market