Fundamental Importance of Torque Measurement in Heavy Machinery Production & Design to Sustain Demand for Torque Sensors
Importance of torque measurement in heavy machinery manufacturing coupled with continuous innovation in torque transducers and expanding applications in industrial, aerospace and oil & gas and medical sectors are poised to drive the global market for Torque Sensors to exceed US$1.7 billion by 2024 . Torque sensor, also known as torquemeter or torque transducer, is a device that measures and records torque developed on rotating systems such as helicopter tail rotor, crankshaft, engine, transmission, gearbox, and bicycle crank, among several others. The need for accurate torque measurement as a means to achieve significant improvements in operational efficiency of the component is driving demand for torque sensors in varied applications. Torque measurement has been a critical requirement in several industry verticals over the years. The emergence of numerous torque measurement applications in varied end-use sectors such as automotive, aerospace and defense, medical, and industr...