by Torque limiters are mechanical devices that are used to protect mechanical equipment from damage due to over torque or over speed. They are extensively used in industrial applications such as oil & gas, energy & power, mining, food processing, and others for automation and safety purposes. The growing need for automation and process safety in various industries has increased the demand for torque limiters over the recent years.
The Torque Limiter Market Size are critical components in mechanical systems, designed to protect equipment from damage due to excessive torque or speed. Their primary function is to disconnect the driving shaft from the driven components when a predetermined torque limit is exceeded.
The global torque limiter market is estimated to be valued at US$ 4.70 Bn in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the torque limiter market include Rexnord Corporation., Martin Sprocket & Gear., Regal Beloit Americas Inc., ABB Motors and Mechanical Inc., Altra Industrial Motion., Dalton Gear Company., RINGFEDER POWER TRANSMISSION,, Fenner Drives, Inc., Chr. Mayr GmbH + Co. KG., KTR Systems GmbH., Nexen Group, Inc., Howdon,, TSUBAKIMOTO CHAIN CO., Cross+Morse., Industrial Clutch Parts Ltd., ComInTec S.r.l., Mayr GmbH + Co. KG, R+W Antriebselemente GmbH, and RINGSPANN GmbH.
Key opportunities: Rising investments in industrial automation especially in developing nations are expected to open new opportunities for players in the torque limiter market. Moreover, increasing focus on safety standards and growing industry 4.0 trends will support the adoption of torque limiters in the coming years.
Global expansion: Leading torque limiter manufacturers are expanding their global footprint by establishing manufacturing plants in high growth regions. They are also focusing on customized product offerings to better cater to regional and industry-specific demands. Acquisitions and partnerships are another strategy adopted by players to enhance their international presence.
Market drivers: Increasing demand from industrial automation applications is the major factor driving the torque limiter market. Torque limiters help protect delicate machinery from overload in automated production facilities and processes. The growing need for safety, precision, and downtime avoidance has augmented their usage across industries like automotive, machinery, robotics, food processing, and others.
PEST Analysis
Political: Torque limiters are coming under increased scrutiny from regulators regarding safety and emissions standards. Many governments are imposing stricter norms to reduce accidents and environmental impact.
Economic: The performance of the torque limiter market is linked to the growth of end-use industries such as machinery, automotive, metals and mining. Fluctuations in the economic conditions of these sectors will influence demand for torque limiters.
Social: Torque limiters help improve safety in industrial operations. They prevent equipment damage and reduce the risk of injuries to operators. This social benefit is increasing their acceptance across application areas.
Technological: Advancements in sensor technology and control systems allow torque limiters to function more efficiently. Innovation in materials is enabling the development of compact and durable designs with quick response times. Digital communications between limiters and machinery will further improve performance monitoring.
The torque limiter market in the Asia Pacific region is concentrated in China, India, and Japan in terms of value. China has emerged as the largest market due to the expansion of manufacturing industries and infrastructure development activities. The automotive and machinery sectors form a major part of the country’s industrial base and drive significant adoption of torque control solutions.
North America is the fastest growing regional market for torque limiters. Growth in the US is supported by the recovering oil & gas and construction industries requiring integrated safety mechanisms. Stringent workplace safety regulations are also increasing the applicability of torque limiters across various process plants. Canada and Mexico are other important country-level markets in this region.
The German market for torque limiters is highly valuedue to the strong presence of manufacturing sector. Germany is a major exporter of machinery equipment worldwide and home to several prominent players in the torque limiter supply chain. The machinery industry forms the core end user and demand for torque limiting devices will rise in tandem with orders for industrial automation systems and machine tools.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
