Europe Torque Sensor Market is Expected to Reach $381.1 million in 2018 - New Report by MicroMarket Monitor
(PRWEB) September 12, 2014 -- The Torque Sensor market report defines and segments the concerned market in Europe with analysis and forecast of revenue.
Browse through the TOC of the Torque Sensor market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of the market, and is supported by various tables and figures.
http://www.micromarketmonitor.com/market/europe-torque-sensor-1214389037.html
The torque sensor market in Europe is segmented on the basis of different types of sensors used, rotary, static/reaction, magnetoelastic, surface acoustic wave (SAW), and optical. Rotary and reaction torque sensors together accounted for around 87% of the total market share in this region. Further, the torque sensor market is segmented into various applications including automotive sensors, industrial manufacturing, test & measurement, aerospace and defense, medical, and others.
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Europe ranks second in the production of light vehicles after Asia-Pacific. The region produced approximately 18 million light vehicles in 2012 which is a major market for torque sensors. This region is gradually recovering from the global recession and is expected to exhibit greater demand for torque sensors. Europe is a major centre for Formula 1 racing, which is currently one of the largest application markets for magnetoelastic torque sensors.
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A lot of new technologies for torque measurement have evolved over the past few years, primary ones among those being magnetoelastic, optical, and SAW. Apart from being compact and lightweight, they have good linearity, considerable resolution, and electromagnetic noise immunity. Battery-less and wireless operation of SAW torque sensors allows for flexible package design and easy integration with existing system designs. Optical torque sensors are capable of providing significant benefits for determining torque on rotating shafts due to the inherent features such as non-contact operation, low cost, embedded design, high bandwidth, and noise immunity. All these factors would provide a great opportunity to develop the torque sensor market in Europe.
The report profiles all the major companies involved in this segment, covering their entire product offerings, financial details, strategies, and recent developments. The current and future trends for this region have been analyzed. The report also highlights all the factors, currently, driving the market as well as restraints and opportunities for the European market.
Related Reports:
North America Torque Sensor Market
Torque measurement is required for technological applications such as engine and transmission testing, turbine testing, pump testing, and measurement of power within propulsion systems. Torque sensors are devices used to measure torque produced by rotating systems in crankshaft, bicycle crank, transmissions, helicopter tail rotor and engine. Automobile is the leading application in the torque sensors market which constitutes about 30% of the market share. Also, process monitoring is the major industrial application in this segment.
http://www.micromarketmonitor.com/market/north-america-torque-sensor-4953569252.html
Latin America Torque Sensor Market
Torque measurement is required for technological applications such as engine and transmission testing, turbine testing, pump testing, and measurement of power within propulsion systems. Torque sensors are devices used to measure torque produced by rotating systems in crankshaft, bicycle crank, transmissions, helicopter tail rotor and engine. The latest development in wireless and non-contact torque sensors like optical torque, magnetoelastic, and acoustic wave (SAW) will increase the use of torque sensors in various verticals. In future, SG technique is supposed to be the main technology for torque sensors.
The Latin America torque sensor market is expected to grow from $ 46 million in 2013 to $ 74.5 million by 2018, at an estimated CAGR of 10.1% from 2013 to 2018. The credit is mainly attributed to the developing economies such as Brazil and Argentina. In Latin America, Brazil is the market leader for torque sensors in terms of consumption.
http://www.micromarketmonitor.com/market/latin-america-torque-sensor-7321080471.html
Asia-Pacific Torque Sensor Market
Torque sensors are devices used to measure torque produced by rotating systems in crankshaft, bicycle crank, transmissions, helicopter tail rotor and engine. Torque measurement is required for technological applications such as engine and transmission testing, turbine testing, pump testing, and measurement of power within propulsion systems. The latest development in wireless and non-contact torque sensors like optical torque, magnetoelastic, and acoustic wave (SAW) will increase the use of torque sensors in various verticals. In future, SG technique is supposed to be the main technology for torque sensors.
http://www.micromarketmonitor.com/market/asia-pacific-torque-sensor-7348684454.html
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