Torque Limiter Market by Manufacturers, Type and Application, Regions, Forecast To 2027
According to a new research report published by Transparency Market Research (TMR) , the global torque limiter market is expected to reach a value of ~ US$ 350 Mn by 2027 , expanding at a CAGR of ~ 5% from 2019 to 2027 . According to the report, the global torque limiter market is likely to continue to be influenced by a range of macroeconomic and market-specific factors during the forecast period. In terms of demand, Europe is projected to continue to lead the global market, with the torque limiter market in the region expanding at a higher CAGR between 2019 and 2027 . Global Torque Limiter Market: Overview Torque limiters protect loads and equipment from extreme torque. They are also called safety couplings or overload clutches. They are used for machine shutdown and dissipation of rotational energy, without causing any damage to the machine. The global torque limiter market is experiencing steady growth, due t...