Electrical Steel Sheets Market, Global Outlook and Forecast 2024-2030
The global Rotating Torque Sensors market size was valued at US$ 456.7 million in 2024 and is projected to reach US$ 678.9 million by 2030, at a CAGR of 6.8% during the forecast period 2024-2030.
The United States Rotating Torque Sensors market size was valued at US$ 123.4 million in 2024 and is projected to reach US$ 178.5 million by 2030, at a CAGR of 6.3% during the forecast period 2024-2030.
Rotating Torque Sensors are measurement devices for monitoring torque in rotating machinery, providing critical data for performance and control.
The global market is growing steadily, driven by industrial automation and quality control needs. In 2023, unit sales reached 250,000 globally, with automotive testing accounting for 40% of demand. The market saw a 30% increase in wireless sensor adoption in 2023. Contact-type sensors dominate with a 65% market share, while non-contact sensors are growing at 12% annually. Europe leads with a 40% market share, while Asia Pacific is the fastest-growing region at 7.5% CAGR. The industry is focusing on developing IoT integration capabilities, with a 35% growth in R&D investments for real-time monitoring.
Report Overview
Electrical steel sheets play an important role in kinds of electrical equipment such as electricity transmission and distribution, power generation, home appliances, automobiles, renewable energy and so on.
This report provides a deep insight into the global Electrical Steel Sheets market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Electrical Steel Sheets Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Electrical Steel Sheets market in any manner.
Global Electrical Steel Sheets Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
JFE Steel Corporation
Nippon Steel & Sumitomo Metal Corporation
Arnold Magnetic Technologies Corp.
Mapes& Sprowl Steel
Tata Steel
Voestalpine Stahl GmbH
Cogent Power Limited
Stalprodukt S.A.
Schkriz
Thyssenkrupp
Market Segmentation (by Type)
Oriented Electrical Steel
Non-oriented Electrical Steel
Market Segmentation (by Application)
Electricity Transmission and Distribution
Power Generation
Home Appliances
Automobiles
Renewable Energy
Geographic Segmentation
