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According to Stratistics MRC, Torque Sensor Market Value is expected to reach $11.72 billion by 2028 growing at a CAGR of 7.8% during the forecast period.
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Global Torque Sensor Industry Analysis Global Torque Sensor Market 2028 Outlook Report Torque sensors are devices that are utilized for determining the torque of rotating systems such as craft shifts, gearboxes, engines, etc. Torque measurement and monitoring is a significant parameter as far as all machines and engines are disturbed. Based on the application, the automotive segment is estimated to have a lucrative growth during the forecast period. It is used for testing clutches and gearboxes, as well as measuring strain and determining the dynamic torque within an engine. Request for Customization of “Torque Sensor - Global Market Outlook (2020-2028)” @ https://www.strategymrc.com/report/torque-sensor-market/request-customization What our report offers: - Market share assessments for the regional and country-level segments - Strategic recommendations for the new entrants - Covers Market data for the years 2019, 2020, 2021, 2025, and 2028 - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements Some of the key players profiled in the Torque Sensor Market include ABB, Kistler, Honeywell International Inc., Crane Electronics, Infineon Technologies, HBM Test and Measurement, PCB Peozotronics, Datum Electronics, Futek Advanced Sensor Technology Inc., Sensor Technology, Norbar Torque Tools, Applied Measurements Ltd, MagCanica, Inc., Teledyne Technologies Inc., TE Connectivity Ltd, Lorenz Messtechnik GmbH, ATI Industrial Automation, and Interface Advanced Force Measurement. About Us: StrategyMRC research reports and publications are routed to help clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects. We track 30+ industries and cover 800 market segments. Call Us: +1-301-202-5929 Email: info@strategymrc.com
Global Torque Sensor Industry Analysis Report Coverage Details 2021 Published Year: USD 6.43 billion Estimated Market Size in 2020: 2020 Estimated Period: Compound Annual Growth Rate (CAGR) from 2020 to 2028: 7.8% USD 11.72 billion Predicted 2028 Value: 2021-2028 Forecast Years: Tables, Graphs & Figures 265 Type, Sensor Type, Technology, Mechanical Configuration, Measurement Technique, Application, End User • Evolution of new torque measurement technologies Chapters Covered: Increase in use of torque sensors in robotics • Core Drivers and Opportunities: Increasing demand for advanced high-performance vehicles • Low reliability of available torque sensors in high-end applications • Restraining Factors & Market Threats: High installation cost • View complete “Torque Sensor - Global Market Outlook (2020-2028)” report @ https://www.strategymrc.com/report/torque-sensor-market Contact Us: Stratistics Market Research Consulting Phone: +1-301-202-5929 Email: info@strategymrc.com Website: https://www.strategymrc.com/ Visit our Blog: https://strategymrc.blogspot.com/ Call Us: +1-301-202-5929 Email: info@strategymrc.com