The
tachometer is a small device used to measure and count the rotations on a
mechanical device in a specific time period. The device has wide application in
multiple end-user industries such as automobile, manufacturing, marine &
aerospace, oil & gas, medical, and energy sector. The tachometer helps to
understand the limit of rotation and rotations per minute (RPM) in a mechanical
device. Surging demands for a safe speed range of rotation indicator from
various end-user industries is the major driving factor of the U.S. Tachometer
market. This growth driver is supported by other important market forces such
as fast time response, high-reliability, and compact design. Tachometer is not
limited to conveyor, compressor, power generator, mixer, centrifuge, extruder,
windmills, dryer, elevator, turbines, and motor control. Since the U.S.
possesses a large portion of commercial complexes and related infrastructure,
the demand for tachometer is high in the region. Additionally, the country has
a huge automobile manufacturing infrastructure, which is an advantage for the
regional tachometer market. The U.S. Tachometer market size was valued at
$495.73m in 2018, and projected to grow at a CAGR of 4.58%, during the forecast
period 2019-2025.
Application Analysis of
Tachometer in End-User Industries
Automotive Industry: The automobile industry is
a key application in the U.S. tachometer market, and the segment is expected to
grow at a CAGR of 6.84%, during the forecast period. Measuring the wheel-spin
or revolution per minute of a motorized vehicle is imperative before its supply
in the market. The tachometer is set on dashboard of car beside the
speedometer. Either digital or analog, this meter displays the number of
rotations of engine crankshaft in a specific time— generally in a minute. This
meter has markings on it, driving beyond the recommended mark for too long can
damage the vehicle in the form of overheating, excessive oil consumption, and
inadequate lubrication. Thus, a limited wheel rotation is an important safety
feature in any vehicle, therefore, a significant number of tachometers are used
in the automotive factories. According to the International Trade
Administration, the sales of lightweight vehicles surpassed 17 million units in
2018 and overall, the country is considered as the second-largest market for
vehicle sales and production. The automotive industry is growing at a
considerate pace, and with the emerging autonomous and electric vehicle market
in the region, the demand of tachometers are also estimated to grow in the
upcoming years that is further expected to support the U.S. tachometer market
growth.
Oil & Gas
Industry: The U.S. oil & gas industry is a largest oil production
facility in the world and the country is the biggest natural gas and petroleum
producer. The industry use many metering applications, and an efficient
tachometer is required to streamline the metering applications in the oil and
gas industry, to prevent corrosion, limit deposits, and improve the flow of fluid
in transportation pipes with the help of motors. Monitoring the revolutions per
minute in these motors is highly important as uncertainties in this can lead to
calamities in the plant. Hence, the growth in the oil & gas sector will
induce a considerate revenue in the U.S. tachometer market.
The Alternative Energy
Sector: Alternative energy sector is currently the fastest-growing energy
sector in the world. The demand for renewable and alternative energy are
surging in both developing and developed economies, owing to limited natural
energy sources and increasing CO2 emission. According to the American
Council on Renewable Energy, the cumulative private investment in renewable
energy in the U.S. is expected to reach $500 billion, during 2018-2030. Renewable energy sources such
as wind energy and hydro energy use huge rotary blades mounted on a motors, and
water turbines function with the help of motors, respectively. All these motors
are equipped with tachometers that measure the rotation and revolutions in hardware. Hence, owing to wide
application and positive business prospects in the energy sector, the U.S.
market for tachometers will bolster in the near future.
Marine &
Aerospace: The marine and aerospace industries are equipped with several
mechanically rotating hardware setups such as motor of boats and ships and the
propellers of the aircraft. There are various usage of tachometer in the
aerospace and marine sector, such as in conveyor belts to transfer luggage and
heavy loads. Also, tachometer plays an important role in elevators, by
measuring and controlling the speed of elevators. Therefore, the use of
tachometer is inevitable in the marine & aerospace industry and the growth
in the respective industry is burgeoning the U.S. tachometer market growth.
U.S. Tachometer Market Players
The companies impacting the U.S. tachometer market growth are Continental AG, LOR Manufacturing Company Inc., S.R.I. Electronics, Waco Instruments, Lutron Electronics Inc., Kusam Electrical Industries Limited, Aetna Engineering, Omega Engineering, Design Technology Inc., and PCE Instruments.
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Tachometer Market
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