Torque Limiter Market Size Share Growth Safety Efficiency and Report 2024-2031

Market Overview :

A torque limiter is used to prevent an excessive amount of torque from being transmitted from a power source to a driven object. It is often used to limit the speed of a motor or other drive system and to protect from overloads. Torque limiters are necessary on all industrial machinery because they promote safety and aid in damage prevention, driving the global torque limiter market.

The global torque limiter market is expected to rise steadily as a result of the growing industrial demand for efficiency and safety. The largest segment, packaging and labelling, is expected to account for around 35% of the global torque limiter market in 2022. Torque limiters continue to be a key component in the packing business as they can open the drive line and decouple masses in fractions of a second, thus avoiding expensive losses.

Market Trends :

The Increasing Industrial Automation and Focus on Work Safety

Torque limiters are in high demand due to the growing trend of industrial automation in many industries such as manufacturing, automotive and aerospace. The growing trend towards automation led a number of market players to produce new and advanced automated storage and retrieval systems (AS/RS).

For example, Honeywell International Inc. announced a new AS/RS system in November 2021 that employs artificial intelligence (AI) and machine learning (ML) to help warehouse and distribution centre operators keep up with the expansion of e-commerce. By preventing excessive torque and overload conditions, torque limiters play an important role in providing the safety and protection of machinery and equipment.

Worker safety is an important concern in industries that use machinery and equipment. Torque limiters are a vital safety component because they protect machinery, operators and other employees from accidents caused by torque overload or unexpected breakdowns of equipment. Torque limiters are employed in such kinds of machinery to ensure accurate control, reducing energy consumption and increasing efficiency.

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Market Segmentation :

The global torque limiter market is segmented based on type, range, end-user and region.The High Accuracy of Balls & RollersDuring the forecast period balls & rollers type in the global torque limiter market are anticipated to account for approximately 30% of the market. When compared to other types of torque limiters, ball and roller type torque limiters constantly disengage at a predetermined torque value and provide a more constant response.

Furthermore, they can provide more torque than other varieties. As a result, it is in high demand for usage in a wide range of operations, including food processing, packaging and textile processing. Since the ball and roller torque limiters do not disengage, they continue to transmit torque. As a result, they are mostly used in fail-safe systems in machinery like cranes and conveyors.

Geographical Share :

The Growing Automotive Industry in Europe With the growing need for torque limiters in sectors such as automotive, industrial and aerospace, Europe is estimated to account for around 1/3rd of the global torque limiter market in 2022. The increased demand for durable and safe machinery and equipment is expected to drive the market. Torque limiters must be used to assure the dependability and safety of the automobile.

Torque limiters are required for a variety of automobile components such as the drivetrain, gearbox and engine. With the rising demand for European automobiles, manufacturers such as Daimler, Volkswagen, Fiat-Chrysler Research Centre, Volvo, Opel and Toyota are collaborating to develop more fuel-efficient vehicles. During the forecast period, it is likely to significantly promote the market for torque limiters in the region.

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Competitive Landscape

The major global players include Rexnord Corporation, Martin Sprocket & Gear, Regal Beloit Americas Inc., ABB Motors and Mechanical Inc., Altra Industrial Motion, Dalton Gear Company, Fenner Drives, Inc., Nexen Group, Inc., KTR Systems GmbH and ComInTec S.r.l.

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