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.
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.
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.
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.
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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