Torque / load sensors will play a progressively significant role in many applications, in accordance with its numerous benefits such as cost effectiveness and well defined infrastructure for serial manufacturing. They support critical benefits such as efficiency enhancements, operational safety, weight savings, improved productivity, and cost savings. Magneto elastic torque sensors, being truly non-contact based, have intrinsic advantages over outdated solutions based on strain gauges in terms of cost structure and robustness. Recently, manufacturers have developed feasible, commercially proven substitutes in a number of industrialized sectors with demanding requirements. The market is projected to expand at a CAGR of 9.9% during the forecast period and reach US$ 225.68 Mn by 2026.
Demand for accurate torque measurement solutions is increasing in a phenomenal manner and supporting the huge growth potential of torque sensors. Also, rapid progress in industrial manufacturing, as well as research and development requires higher standards of accuracy for all measuring instruments. Hence, industrial test systems need to get more & more reliable and accurate in sync with industrial development that has taken place in recent years. Current trends in the torque sensor market such as e-mobility and reducing emissions of combustion engines has strengthened the market for higher precision in dynamic torque measurement devices. Furthermore, increase in mechanical output, improvement of efficiency, conservation of energy resources, and reduction in environmental pollution are all gaining importance in the magneto- elastic torque sensor market.
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Magneto elastic sensors have evolved as a viable alternative to strain-gauge systems, especially in volume production of more price-sensitive equipment. The compelling advantage from a technology perspective is that magneto elastic sensors have cost structures that make them compatible for mass production. An existing component is converted to the primary force sensor only by magnetic encoding. This process does not add any material cost, but merely represents a processing step which can be done within seconds. As a result, there is typically no extra material cost entailed in manufacturing. This is anticipated to have a positive impact on the overall global magneto elastic torque sensor market.
Since magnetization needs to last for several decades, the selection of suitable metals is somewhat limited in case of magneto elastic torque sensors, which is anticipated to indirectly hamper the market. Many steel alloys commonly used for mechanical parts such as gearboxes or driveshaft fulfill these requirements.
Torque sensors have been used in frequent applications in the automotive industry. Rotary torque sensors are used for strain measurement, testing of the clutch & gearboxes, and dynamic torque within the engine. Moreover, powertrain, brake, and suspension systems are being tested using torque sensors, which are also used to measure horsepower to improve fuel efficiency. Many automotive manufacturers use the in-vehicle torque sensors for mapping the engine torque and calibrating automatic transmission. Furthermore, torque sensors are also being used in fleet & customer-use testing so engineers can collect the data under ordinary or extraordinary conditions.
Attracted by this expanding market and underlying latent demand, several players are expanding their business through strategic mergers and acquisitions and partnerships with end-use industries.In September 2017, Kistler Group acquired Corrsys-Datron Sensor system GmbH. This acquisition enables Kistler to round off its range of measuring systems for vehicle dynamic testing in automobile development.
Some of the prominent players identified in the magneto elastic torque sensor market include ABB Ltd, Applied Measurements Ltd., Crane Electronics Ltd, Honeywell Sensing and Control, HITEC Sensor Developments, Inc., Kistler Instrumente AG, MagCanica, Methode Electronics, and Texas Instruments, Inc.
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Magneto Elastic Torque Sensor Market to Gain High Revenues Owing to Increasing Emphasis on Eco-friendly Sensors used in Vehicles
The rising meaning of torque testing in the social gathering of safety related sections and stuff is needed to offer a huge lift for the interest for torque sensors. The market will in like manner get a shock with the quick improvement of aircraft fleet. With greater amounts of aircrafts being made, a looking at climb in the proposals of torque sensors is projected to develop during the gauge time period. The sensors work in perpetually checking and assessing helicopter powertrain noticing systems and control application will in like manner place in a favorable situation, as these machines are the fundamental strategies for transport to and from toward the ocean oil rigs and other far off oil fields. This lifts the development of worldwide magneto elastic torque sensor market.
Interest for exact torque estimation arrangements is expanding in an incredible way and supporting the gigantic development capability of torque sensors. Likewise, quick progress in modern assembling, just as innovative work requires better expectations of exactness for all estimating instruments. Henceforth, mechanical test frameworks need to get more & increasingly solid and exact in a state of harmony with modern advancement that has occurred as of late.
The interest for exact torque estimation strategies is developing and cementing the capability of torque sensors.
Expanding progress in modern assembling and innovative work requires better expectations of exactness for all estimating instruments. Current floats in the torque sensor market, for instance, e-adaptability and diminishing radiations of consuming engines has supported the market for higher precision in one of kind torque assessment contraptions. In addition, increase in mechanical yield, improvement of profitability, security of essentialness resources, and lessening in environmental tainting are overall getting importance in the magneto-elastic torque sensor market.
Torque sensors have been utilized in continuous applications in the auto business. Rotational torque sensors are utilized for strain estimation, testing of the grip and gearboxes, and dynamic torque inside the motor. Besides, powertrain, brake, and suspension frameworks are being tried utilizing torque sensors, which are additionally used to gauge pull to improve eco-friendliness. Numerous auto makers utilize the in-vehicle torque sensors for planning the motor torque and adjusting programmed transmission. Besides, torque sensors are additionally being utilized in armada and client use testing so designers can gather the information under customary or exceptional conditions.
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