Torque Sensors

Torque Sensors
Global Torque Sensors Market to Reach $12.2 Billion by 2030
The global market for Torque Sensors estimated at US$8 Billion in the year 2022, is projected to reach a revised size of US$12.2 Billion by 2030, growing at a CAGR of 5.4% over the period 2022-2030. Rotary, one of the segments analyzed in the report, is projected to record 5.7% CAGR and reach US$7.5 Billion by the end of the analysis period. Growth in the Reaction segment is estimated at 4.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.5 Billion, While China is Forecast to Grow at 7.4% CAGR
The Torque Sensors market in the U.S. is estimated at US$2.5 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 7.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 4.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.Select Competitors (Total 127 Featured) - ABB Ltd. AIMCO Applied Measurements Ltd. ATI Industrial Automation, Inc. Burster GmbH & Co. KG Crane Electronics Ltd. Datum Electronics Limited FUTEK Advanced Sensor Technology, Inc. Honeywell International Inc. Hottinger Brüel & Kjaer GmbH Infineon Technologies AG Interface, Inc. Kistler Group Lorenz Messtechnik GmbH MagCanica, Inc. MinebeaMitsumi Inc. Mountz, Inc. Norbar Torque Tools Limited PCB Piezotronics, Inc. S. Himmelstein and Company SCAIME SAS Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

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