A torque limiter prevents transmission of an inordinate quantity of torque from a power source to a driven object. It is frequently employed to limit the pace of a motor or other drive system and prevent overloads. Torque limiters are required on all industrial apparatus because they promote safety and avoid damage, which drives the global market for torque limiters.
The global torque limiter market is anticipated to increase consistently due to the rising demand for efficiency and safety in the industrial sector. In 2022, packaging and labeling are anticipated to account for approximately 35% of the global torque limiter market. Torque limiters play a vital role in the packaging industry because they can open the drive line and decouple masses in fractions of a second, thereby preventing costly losses.
In recent years, the torque limiter market has witnessed a series of product launches and approvals contributing to its growth.
DataM Intelligence's in-depth market analysis reveals the major market drivers, challenges, and trends. Our market intelligence report evaluates the market size, growth, and share, providing crucial insights for businesses to make informed decisions and capitalize on the existing and upcoming opportunities in the torque limiter market.
Market Future Opportunities:
Increasing trends for the packaging industry across the globe:
In various sectors, including food, pharmaceutical, cosmetics, and many others, the power of packaging is becoming increasingly significant as it indicates brand awareness and has a significant impact on customer purchasing behavior.
In addition, the packaging sector has become more mechanized over time. Robots are used in automation to handle items during the packaging process. These robots hold the items for the necessary time while moving them through several steps. To regulate the movements of the conveyors and the articles, however, the automation equipment requires robots, which use motors and gears. Automation has contributed to the packaging industry's increased relevance.
The Major Players Covered in Torque Limiter Markets:
These businesses concentrate on product innovation, quality control, marketing tactics, and distribution network growth to keep a competitive advantage in the market. Players often use partnerships, collaborations, mergers, and acquisitions to improve their market positions.
Key Players:
- Rexnord Corporation
- Martin Sprocket & Gear
- Regal Beloit Americas Inc.
DataM Intelligence’s report on the global torque limiter market provides insights into the key drivers, challenges, top trends, and opportunities in the market. It also provides you with a geographical analysis and competitive landscape, which will paint a clear picture of the current market scenario.
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