According to a recent survey published by FMI, the global Torque Limiting Couplings market is expected to grow at a healthy CAGR during the forecast period between 2017 and 2027. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Torque Limiting Couplings over the coming decade.
Advent of Industry 4.0 Technology to Create New Growth Avenues for the Torque Limiting Couplings Market
The industrial sector is undergoing a change as firms throughout the world place a strong emphasis on using advanced automation. This is usually referred to as Industry 4.0.
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With the advent of Industry 4.0, manufacturing facilities are prioritising the use of novel technologies such as artificial intelligence, smart manufacturing, the internet of things (IoT), and machine learning, among others. This is anticipated to open up significant potential opportunities in the market for Torque Limiting Couplings.
Furthermore, rising government attention on improving the manufacturing sector and integrating augmented and virtual reality using smart equipment to boost output is expected to drive market demand in the future years.
Key Torque Limiting Couplings Market Takeaways and Projections
- The U.S. is estimated dominate the Torque Limiting Couplings market in North America, accounting for the largest share in the region through 2022.
- Germany is projected to account for a significant share in the Europe market over the assessment period.
- China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2017 and 2027
- India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.
Report Benefits & Key Questions Answered
- Torque Limiting Couplings Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
- Torque Limiting Couplings Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Torque Limiting Couplings As per the survey, Torque Limiting Couplings sales will project steady growth over the forecast period.
- Torque Limiting Couplings Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Torque Limiting Couplings.
- Torque Limiting Couplings Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.
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Global Torque Limiting Couplings Market: Market Participants
Examples of some of the market participants identified across the value chain of the global torque limiting couplings market include Voith GmbH, NU-Teck Couplings Pvt. Ltd., Rexnord Corporation, jbj Techniques Limited, KBK Antriebstechnik GmbH, Altra Industrial Motion Corp., Verbindungs- Meß- und Antriebstechnik GmbH and Coupling Corporation of America (CCA).
Global Torque Limiting Couplings Market: Segmentation
The global torque limiting couplings market can be segmented on the basis of type and end-use industry and application.
Based on the type:
- Couplings with instant release
- Couplings with controlled slip
- Couplings with controlled slip and automatic reset
- Others
Based on the end-use industry:
- Mining
- Metals
- Energy & Utility
- Mobility
- Others
Based on the application
- Steel mills and levellers
- Tunnel boring machines
- Crushers and grinders
- Conveyors and excavators
- Thruster and waterjets
- Gas turbines and compressors
- High speed trains
- Others
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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