Torque Limiter Market, By Type (Friction, Ball and Rollers, and Others), By Range (Up to 150 Nm, 151–500 Nm, 501–3,000 Nm, and Greater than 3,000 Nm ), By End Use (Steel Plants & Rolling Mills, Plastic & Rubber, Paper & Printing, Fabricated Metal Manufacturing, Packaging & Labelling, Energy & Power, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : May 2024

Code : CMI7014

Pages :166

Formats :

Excel and PDF

Industry : Semiconductors

Market Concentration and Competitive Landscape

Torque Limiter Market Concentration By Players

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Market Drivers: Stringent international safety standards for industrial machinery

International regulatory bodies like the European Union and Occupational Safety and Health Administration have stipulated stringent guidelines in recent years regarding safety of industrial equipment and machinery used in workplaces. Employers are legally obligated to comply with these standards to protect workers from accidents. Any industrial device that involves risk of uncontrolled torque now needs to integrate certified safety features. Torque limiters have emerged as one of the most effective solutions to adhere to workplace safety laws.

Many industries which employ a large manufacturing and assembly workforce like food and beverage, packaging, mining, energy, and construction increasingly rely on various power tools and automated machinery. Unintended torque surges in rotating parts or linkages of these machines can lead to serious injuries. Incorporating torque limiters set at exact load limits has now become imperative from a regulatory perspective. Manufacturers cannot afford legal non-compliance which can invite hefty penalties. This drives the need to outfit more industrial machines with reliable torque control systems like limiters that offer verifiable safety. Stricter implementation of safety norms across key global markets will propel the demand for proven torque limiting technology in the coming years.

Key Players Insights