Manufacturing Industry Attributing to the Growth in Electric Motor Demand Will Drive the Revenues for Dynamometer Market
The Dynamometer industry
caters to three industries, namely, Manufacturing, Automotive & Aerospace, and Kinesiology. Among all, manufacturing industry was dominant in 2014 followed by Automotive & Aerospace. Manufacturing Industry comprises of five components that includes Motors/Generators, Pumps/Compressors, Propeller/Turbines, Machine Tools and Hydraulic & Pneumatic Equipment. The use of dynamometers in manufacturing sector is dominated by motors and generators testing. This segment contributes to nearly 23% of the global dynamometer revenue.
The increasing factory automation market has increased the demand for electric motors. The call for precision machining along with high production rates has made automation and instrumentation an indispensable aspect of manufacturing units. Almost all the processes in the production and processing plants have been automated in the past decade. According to IndustryARC the global factory automation market is forecast to grow at an annual growth rate of approximately 7.3% in the next six years. Motors are the integral element in factory automation machines, and thus, it is likely that the demand for electric motor in factory automation will further fuel the market for dynamometer in the coming years.
Dynamometers help in measuring the speed, torque and other such parameters which can be used to analyze the motor/generator condition at a given time. The dynamometer testing is conducted periodically to ensure optimal performance and thereby avoid breakdowns, repairs and so on. A dynamometer can measure power produced by an engine and at the same time measure torque along with rotational speed.
The market for dynamometers in motors/generators manufacturing is estimated to grow at an annual growth rate of approximately 6.6% through 2016 to 2021. The Asia-Pacific region is analyzed to rejuvenate the process automation market owing to the escalated demands from the oil and gas extraction, industrial machinery, wastewater treatment, and pharmaceutical verticals. Thus, the continuous development of electric motors market will be crucial for their testing equipment also where dynamometers play a notable role to assess their performance parameters such as torque and power transmission. The global dynamometer market will increase at approximately 7.6% in the same period.
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