Pune, India, Nov. 21, 2022 (GLOBE NEWSWIRE) -- MarketStudyReport recently added latest report, global Torque Motors Market was worth USD 622 million in 2021 and is anticipated to witness a CAGR of 8.6% during 2022-2028, to amass USD 1115.2 million by the end of forecast period.
Various industry sub-segments are also evaluated in the paper, with an emphasis on regional bifurcation, type, and application. The following section then identifies a number of significant variables that, during the analysis period, helped to generate revenue and influence market dynamics. The study also discusses the strategies used by the leading rivals to strengthen their positions in the market, as well as the regional landscape of the industry.
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Growth Drivers & Restraints:
Growing usage of torque motors since they have numerous operational advantages over traditional servo drives is the major expansion driving element for global torque motors market.
For the unversed, a torque motor is a particular type of DC electric motor that may continue to run unabated if halted. This way of operation involves the motor rotating the load steadily. They are preferred over other equipment as they are almost free of maintenance requirements and suffer minimal wear & tear throughout their lifespan.
Additionally, torque motors also find use in numerous areas such as injection molding machines, robotics, turning, and wood-processing machines.
Besides, escalating factory-automation procedures and technological advancements are also impelling the demand for the product, thus facilitating the progress of the business sphere.
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Segmentation & Regional Overview:
Based on type terrain, worldwide torque motors market is split into DC and AC. In terms of application, the industry is divided into energy, food & packaging, robotics & semiconductors, machine tool, and others.
Regionally, the latest trends are studied across Asia Pacific, Europe, Middle East & Africa, North America, and South America.
Competitive Dashboard:
Moving to competitive landscape, ATE Antriebstechnik und Entwicklungs GmbH & Co. KG, ALXION, Moog Inc., Fischer Elektromotoren GmbH, IDAM, Lafert Group S.p.A., Phase, Oriental Motor Co., Ltd., Shenzhen Han's Motor S&T Co., Ltd., Parker, Kesseler, Kollmorgen, Tecnotion BV, ETEL S.A., Zollern GmbH, HIWIN Corporation, and Siemens AG are the leading players in global torque motors market. These aforementioned players are adopting various strategies to strengthen their foothold in the industry.
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Global Torque Motors Market, By Type (Value, USD Million, 2022-2028)
- AC
- DC
Global Torque Motors Market, By Application (Value, USD Million, 2022-2028)
- Energy
- Food & Packaging
- Robotic Semiconductor
- Machine Tool
- Others
Global Torque Motors Market, Geographical Fragmentation (Value, USD Million, 2022-2028)
North America
- U.S
- Canada
- Mexico
South America
- Argentina
- Brazil
- Rest of South America
Europe
- Russia
- Italy
- France
- Spain
- UK
- Germany
- Rest of Europe
Asia Pacific
- Australia
- Singapore
- India
- China
- Japan
- New Zealand
- Rest of Asia Pacific
Middle East & Africa
- Turkey
- South Africa
- Africa
- UAE
- Iran
- Rest of MEA
Global Torque Motors Market, Company Profiles (Value, USD Million, 2022-2028)
- ATE Antriebstechnik und Entwicklungs GmbH & Co. KG
- ALXION
- Moog Inc.
- Fischer Elektromotoren GmbH
- IDAM
- Tecnotion BV
- Lafert Group S.p.A.
- Phase
- Oriental Motor Co., Ltd.
- Shenzhen Han's Motor S&T Co., Ltd.
- Parker
- Kesseler
- Kollmorgen
- ETEL S.A.
- Zollern GmbH
- HIWIN Corporation
- Siemens AG
FAQs:
1. What are global torque motors market’s size and projections for 2022-2028?
2. How is global torque motors market being shaped throughout the assessment timeline by COVID-19 and its impeding factors?
3. In the global torque motors market, what are the best segments and regions to invest in throughout the forecast period?
4. What is the competitive strategic window for growth potential in the global torque motors market?
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Global High Voltage Motors Market Research Report 2022
Global High Voltage Motors Market Size was estimated at USD 5109.7 million in 2021 and is projected to reach USD 5991.3 million by 2028, exhibiting a CAGR of 2.3% during the forecast period. Global High Voltage Motors Market Report 2022 comes with extensive industry analysis with development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2022-2028.This research study of High Voltage Motors involved the extensive usage of both primary and secondary data sources. This includes the study of various parameters affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry.
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