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The “Torque Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global torque sensor market size reached US$ 7.43 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 12.66 Billion by 2027, exhibiting a CAGR of 9.59% during 2022-2027.
Companies Mentioned
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Applied Measurements Ltd.
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Crane Electronics Inc.
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Datum Electronics Ltd. (Indutrade AB)
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FUTEK Advanced Sensor Technology Inc.
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Hitachi Ltd.
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Honeywell International Inc.
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Hottinger Baldwin Messtechnik GmbH (Spectris plc)
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Infineon Technologies AG
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Kistler Holding AG
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Norbar Torque Tools Ltd. (Snap-on Incorporated)
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PCB Piezotronics Inc. (MTS Systems Corporation)
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Torque sensor, or torque transducer, refers to an electronic device that is designed to detect, monitor, record and regulate rotational and linear forces exerted on it. It converts mechanical input into an electrical signal and is commonly used in electric motors, rotors, gearboxes , craft shifts, crankshafts, engines and other rotating …
Full story available on Benzinga.com
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