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Theu00a0global torque sensors market size was valued at around USD 7 billion in 2020u00a0and projected to grow at a significant CAGR during the forecast period 2021 to 2027. The increasing demand for accurate torque measurement in rotating machinery is a major factor to drive the market growth. Furthermore, the rising adoption of electric vehicles, up-gradation of electric power steering, and focus to provide better fuel efficiency are anticipated to boost the market growth. Moreover, the persistence needs to improve safety, control, and pilot operations, and technological advancement and integration
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Global Torque Sensors Market Global Torque Sensors MarketSize, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027
Global Torque Sensors Market Market Synopsis: The global torque sensors market size was valued at around USD 7 billion in 2020 and projected to grow at a significant CAGR during the forecast period 2021 to 2027. The increasing demand for accurate torque measurement in rotating machinery is a major factor to drive the market growth. Furthermore, the rising adoption of electric vehicles, up-gradation of electric power steering, and focus to provide better fuel efficiency are anticipated to boost the market growth. Moreover, the persistence needs to improve safety, control, and pilot operations, and technological advancement and integration of digital components are expected to drive the market in the near future years.
Global Torque Sensors Market Research Methoddology:
Global Torque Sensors Market By Region: • North America • Europe • Asia Pacific • Latin America • Middle East & Africa To know more about this study, request a free sample report @ https://www.researchcorridor.com/request-sample/?id=2852
Global Torque Sensors Market The Data Torque Sensors Market Segmentation: By Type: • Rotary Torque Sensors • Reaction Torque Sensors By Technology: • Strain Gauge • Surface Acoustic Wave (SAW) • Optical • Magnetoelastic By Application: • Automotive • Test & Measurement • Industrial • Aerospace & Defense • Others
Global Torque Sensors Market List of Key Companies: • ABB Ltd. • Crane Electronics Ltd. • Applied Measurements Ltd. • Honeywell International • HBK Benelux • Norbar Torque Tools Ltd. • Infineon Technologies AG • Teledyne Technologies, Inc. • TE Connectivity Ltd.
Global Torque Sensors Market Media Contact: Company Name: Research CorridorContact Person: Mr. Vijendra SinghEmail: sales@researchcorridor.com Follow Us: