Technavio analyzes that the Torque Motor Market is expected to grow at a CAGR of 8.02% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 309.1 million.There are various factors that contribute to the growth of the market. Torque motors are renowned for their high operational efficiency, delivering superior power output and minimizing energy waste. By converting electrical energy directly into mechanical torque, these motors eliminate the need for complex transmission systems, reducing energy losses and enhancing overall system performance. Additionally, advanced technologies such as permanent magnet synchronous motors and vector control systems further optimize torque motor efficiency, making them a preferred choice for various industrial applications.
In the realm of industrial automation, Torque Motors, specifically Synchronous motors, play a pivotal role. These motors, which include DC torque motors, are integral to the operation of robots and various other automated systems. DC torque motors are classified into Brushed DC Torque Motors (BDCM) and Brushless DC Torque Motors (BLDCM). BDCM comprises a stator, rotor, brushes, and a commutator, with the stator generating a magnetic field that surrounds the rotor. BLDCM, on the other hand, utilizes a fixed magnetic field and passes electrical current through coils to generate magnetic fields, enabling the coil assembly to rotate. The integration of cooling systems and digital solutions further enhances the efficiency and performance of these motors in industrial applications.
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Torque Motor Market Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
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The Torque Motors Market encompasses various sectors including Machine Tool Industry, Robotics and Semiconductor, Food Beverage & Tobacco, Flat Panel Display, and Machine Tools. DC torque motors, such as Brushless DC motors, dominate the market, driven by advancements in technology like artificial intelligence and machine learning. Key components include rare-earth metals, steel, and cast iron. Direct Drive Technology and Brushless Motors are popular in CNC machine tools, medical equipment, and industrial machinery. Torque Motors are essential electric motors used for high torque and power output in conveyor systems and robotics. Conventional motors' speed and power output are surpassed by these advanced motor types.
The Torque Motors Market is a significant segment of the global electrical components and equipment industry. This market caters to the demand for AC and DC torque motors in various sectors such as Machine Tool Industry, Robotics and Semiconductor, Food Beverage & Tobacco, Flat Panel Display, and Machine Tools. Artificial intelligence and machine learning technologies are increasingly being integrated into torque motors to enhance performance and efficiency. Manufacturers of torque motors are included in the broader electrical components and equipment market, which encompasses companies engaged in the production of electric cables and wires, electrical components, and electrical equipment. The market size is determined by the combined revenue generated from the sales of water heaters and accessories, motors, motor control, encoder and amplifier, automation solutions, electrical distribution and protection equipment, small generators, wire and cable accessories, power supplies and conditioners, sensors, meters and indicators, recorders and loggers, process safety systems, instrumentation, test and measurement equipment, switches, transmitters and receivers, HVAC, and safety components. Additionally, the rental and leasing of electrical components and equipment to industrial, commercial, and residential end-users contributes to the market size.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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