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Dynamometer Market (Product Type - Chassis Dynamometers, Engine Dynamometers, and Medical Dynamometers; End User Industries - Automotive Industry, Healthcare Industry, Manufacturing Industry, and Energy and Power Industry): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : May, 2020

  • Rep Id : HC0854

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on the dynamometer market provides an in-depth analysis of segments and sub-segments in the global as well as regional dynamometer market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional dynamometer market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of global dynamometer market. According to the report, the global dynamometer market is projected to grow at a healthy CAGR over the forecast period of 2020-2026.

 

Market Insight

A dynamometer is a device that measures force, power, or speed of an engine, motor or other rotating prime movers. In the field of medicine, hand-held dynamometers find applications in the treatment of hand trauma patients, while checking strength and grip. In the manufacturing industry, the huge demand for motors and generators is creating a relatively high demand for dynamometers in the sector, for the rising preference for factory automation. In the automotive industry, the increased precision and reduced maintenance requirements, fast load changeability, are increasingly making it a favored tool in the industry.

 

Increasing demand from end-use industries is the major driving factor for the dynamometer market. Dynamometer plays a key role in perfect measurements when it comes to power, force, torque and speed in global manufacturing and automotive sectors, due to concerns over environmental pollution to reduce emission and noise from exhausts. The rising quality standards in vehicle manufacturing and growing awareness of quality in manufacturing and aerospace industries are expected to propel the market forwards in the forecasted period. It is also used to provide simulated road loading of either the engine or full power train in standard emissions testing cycles. Furthermore, the medical dynamometer provides precise and accurate data that is required for reimbursable rehabilitation services. This device utilized for clinical decision-making and evaluating outcomes related to carpal tunnel syndrome, nerve injury, tendon injuries of the hand, and neuromuscular disorder. Dynamometers will also see great application R&D laboratories that are working on creating clean energy sources such as wind turbines, for measuring large amounts of energy efficiently. Moreover, the advances in the technology of dynamometer with high accuracy and precision are estimated to provide an opportunity in the growth of the dynamometer market in the forecast period.

 

Among the regions, Asia Pacific is dominating the global dynamometer market. It is due to the presence of major developing nations such as India and China. China and India are seeing a relatively rapid rise in a number of industries such as wastewater treatment, pharmaceuticals, and oil & gas, which will consequently build demand for dynamometers in the Asia Pacific market as well. North America is also holding the major market shares in the dynamometer market. The high adoption of advanced technology and the growing application of medical dynamometer in the geriatric population is estimated to propel the growth of the market in North America.

 

Segment Covered

The report on the global dynamometer market covers segments such as product type, and end user industries. On the basis of product type, the sub-markets include chassis dynamometers, engine dynamometers, and medical dynamometers. On the basis of end user industries, the sub-markets include the automotive industry, healthcare industry, manufacturing industry, and energy and power industry.

 

Companies Profiled:

The report provides profiles of the companies in the market such as AVL, Dynapro Dynamometer Ltd, Dyne Systems Inc., Dynocom Industries Inc., Dynostar Dynamometers, 3B Scientific GmbH, KERN & SOHN GmbH, Marsden Weighing Group, North Coast Medical Inc., and JLW Instruments.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the dynamometer market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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