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Dynamometer Market By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030
Dynamometer Market Overview
The Dynamometer market size in 2023 is estimated to be $1.2bn and is projected to reach $1.9 bn in 2030 at a CAGR of 7.25% during the forecast period 2024-2030. A dynamometer is a tool for determining the mechanical force or power transmitted by a rotating shaft. All power-measuring dynamometers are essentially torque-measuring devices because power is the product of torque (turning force) and angular speed. The ever-increasing demand for clean energy sources, particularly wind, necessitates the use of massive turbines and generators to efficiently produce power on a large scale. To build such infrastructure, there is an increasing demand for development facilities with dynamometers to calculate torque and power output regularly. Thus, the primary driver of the global dynamometer market is an increase in demand for energy sources. Also, stringent laws are being formulated for vehicle noise and emission control (such as Regulation (EU) No 540/2014, 40 CFR 205.52, and more), in which the design of a vehicle's engine and powertrain is continuously modified and upgraded. And since dynamometer is the only device that can measure and analyze the exterior noise and internal noise, the dynamometer market is being further accelerated with these stringent regulations.
The dynamometer market is experiencing notable growth, driven by several key trends reflecting advancements in automotive and industrial testing technologies. One major trend is the increasing demand for high-precision and versatile dynamometers that can accommodate a wide range of testing requirements, from traditional internal combustion engines to electric and hybrid powertrains. This is particularly crucial as the automotive industry transitions towards electrification. Additionally, the integration of advanced software solutions for data acquisition and analysis is becoming more prevalent. These systems provide real-time insights into performance metrics, enhancing the accuracy and efficiency of testing processes.
Dynamometer Market Report Coverage
The report: “Dynamometer Market – Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Dynamometer market
By Category: Absorption, Transmission and Motoring
By Type: Rope Brake Dynamometer, Hydraulic Dynamometer, Torsion Dynamometer, AC Dynamometer, Eddy Current Dynamometer, Hysteresis Dynamometer, Powder Dynamometer, Engine Dynamometer, Transmission Dynamometer, Chassis Dynamometer, Medical Dynamometer and Others
By Measurement Range: Up to 100kW, 100.1kW to 500kW, 500.1kW to 1MW, Above 1.1MW
By Application: Automotive, Aerospace & Defense, Railways, Manufacturing (Pump, Compressor & Blower, Motor & Generator, Machine Tools and Others), Power Generation, Marine, Medical and Others
By Geography: North America (U.S, Canada, Mexico), South America (Brazil, Argentina and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa)
Key Takeaways
- Moreover, other factors that stimulate market demand include rising demand from the automotive and aerospace industry, as well as increased investments in the marine industry around the world.
- In 2020 and 2021, the global COVID-19 pandemic enforced lockdown globally which led to factory closures. The complete lockdown and partial lockdowns had both demand-side and supply-side impacts on the dynamometer industry. However, the manufacturing of dynamometers picked up its pace in the second quarter of 2021 after core end-use industries swiftly began their production process which have had continued impact in 2022 and 2023 as well.
Dynamometer Market Segment Analysis – By Type
The absorption segment held the largest share in the dynamometer market in 2023 and is anticipated to grow at a CAGR of 4.2% by revenue through the forecast period 2024-2030. Absorption dynamometers such as rope brake dynamometer, and Hydraulic dynamometer measure and absorb the power output of the engine to which they are coupled, the absorbed energy is usually dissipated as heat, which generally dissipates into the ambient air or transfers to cooling water that dissipates into the air. Various patents activities have been noted in the last few years related to absorption dynamometer which determines that companies are focusing on innovative absorption products advancement and product launches. For illustration, hydraulic dynamometer patents such as Hydraulic dynamometer control system and method (CN112612240A), Multi-unit combined hydraulic dynamometer (CN212133947U), Novel high-power-density hydraulic dynamometer (CN201922000124U) Double-station hydraulic dynamometer (CN209055258U) have been filed in the period 2022-2023.
Dynamometer Market Segment Analysis – By End Use Industry
The automotive segment held the largest share in the dynamometer market in 2023 and is anticipated to grow at a CAGR of 5.1% by revenue through the forecast period 2024-2030, owing to the increasing demand for dynamometer from the automotive industry to meet the testing criteria set by the government such as the Federal Test Procedure (FTP). Dynamometer are often used in the automotive industry test engines, electric motors and various drivetrain components. And to verify performance after rebuild, ensuring a higher level of product quality that helps reduce warranty claims and satisfy customers. To meet the growing need for testing and certification of hybrid, electric and alternative-fuel cell vehicle components, the demand for dynamometers is increasing from the automotive manufacturing companies. For instance, Meidensha Corporation provided Hitachi Automotive Systems, Ltd. Chassis Dynamometer for the FF and the FR vehicle, Superflow provided Ford with a dynamometer. In September 2021, Ford Motor Company announced plans to develop the next generation of electric F-Series trucks at two new massive, environmentally and technologically advanced facilities in Tennessee and Kentucky, bringing electric vehicles to American customers on a large scale. Such projects are also accelerating the demand for dynamometers as new facilities require installation of new dynamometer for testing purpose.
Dynamometer Market Segment Analysis – By Geography
Asia-Pacific held the largest share in the dynamometer market in 2023 and is anticipated to grow at a CAGR of 8.4% by revenue through the forecast period 2024-2030, owing to an upsurge in the automotive and aerospace manufacturing facilities in the region, which is facilitating the testing procedure in the region. The increasing number of new automotive and aerospace manufacturing units, is driving the demand for dynamometer in the country as dynamometers are established in new facility for setting up testing space of the facility. For instance, in November 2021, Autoliv a global leader in automotive safety part manufacturing announced the establishment of two new manufacturing plants in Central Japan, and the construction is estimated to be completed by 2024. In April 2021, Volkswagen Group China has started work on a brand-new modular electric drive matrix (MEB) plant in Anhui, China. It was completed in mid-2022, while production began in the second half of 2023. In March 2021, Plexus, a manufacturer of aerospace & defense equipment, announced the construction of a manufacturing plant in Bangkok, Thailand, which was completed by 2022. In addition, other end-user of dynamometers such as marine, power generation, medical, and more is also flourishing in the region, which is further propelling the market growth.
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Dynamometer Market Drivers
Rising Demand from Medical Sector
The medical dynamometer is used to calculate the strength of bones and nerves along with various muscle groups in the human body. The extending awareness among the physicians and patients regarding the benefits of medical dynamometer is driving the dynamometer market growth. Medical dynamometers estimate the intensity of different groups of muscles, nerves, and joints in the body. Monitoring muscle strength is one of the ways physical therapists and other healthcare practitioners can objectively assess overall health. The best tool for accurately evaluating muscle strength is dynamometers.
There has been constant development in the medical field using dynamometers as they are the only way to consistently measure muscle strength in patients. One of the major factors attributing the dynamometer market growth is the growing incidence of sports injuries, growing cases of arthritis, and osteoporosis with the growing time. For instance, in the United States about 63 million adults has been reported by doctors to be diagnosed by arthritis in 2021 and is projected to rise by 20% by the year 2040. Thus, the rise in arthritis will further grow the demand for the medical dynamometer market. Furthermore, according to the Office of Disease Prevention and Health Promotion, in 2023 in the United States, an estimated 5.7 million people aged 50 years and older have osteoporosis which is an increase of 3% compared to the previous year. Thus, the above-mentioned growing health issue is undoubtedly driving the demand for dynamometer in the medical
sector and thus impacting its market growth.
Growing Applications in Automotive Sector
The dynamometer market is predominantly driven by rising demand from the automotive industry. In standard emissions testing cycles such as those defined by the US Environmental Protection Agency (US EPA), dynamometers are used to provide simulated road loading of either the engine (using an engine dynamometer) or full powertrain (using a chassis dynamometer). A thriving automotive industry and its increasing manufacturing plants is one of the key factors driving the market growth as it is used to measure power or torque and is precisely associated with motor or motor automobile testing. This, coupled with the growing demand for automobile restoration, contributes significantly to the sales of the automotive dynamometer.
For instance, in 2021, China’s automotive manufacturer, Great Wall Motor, acquired US-based General Motors manufacturing plant in India and invested US$1 billion. The company looks to establish two brands in India – Haval and GWM EV. While the former will cater to all SUVs, the EV brand will house non-SUV electric vehicles. Ford Motor Co. in 2022 invested US$11 billion to build several new plants to produce parts for electric vehicles. Ford had already announced an investment over the past two years of $950 million in the Rouge Complex in Dearborn, Michigan, to build the all-electric 2022 F-150 Lightning. Furthermore, escalating technological innovations such as the introduction of ETPS (engine torque pulsation simulation) dynamometer and accessibility of automation processes such as engine mounting testbed and crank angle position recognition are also anticipated to catalyze the market growth. The dynamometer market owing to the establishment of manufacturing and production units of automotive coupled with the growth of e-vehicles, is expected to drive the growth of the market in the forecast period. Additionally, the automotive vehicle industry is undergoing various advances owing to new technologies and upgrades. One significant example is the rise in electrical content per vehicle. Therefore, testing for vehicle and engine performance has become an essential addition in the vehicle offered by the new technologies.
Dynamometer Market Challenges
High Cost of the Devices might Hinder the Market Growth
High cost associated with the usage of devices and the lack of advanced and improved healthcare infrastructure in developing economies is likely to act as a restraint for the dynamometer market growth. Dynamometers are typically expensive pieces of equipment and generally are used only in specific fields that rely on them for a particular purpose. Manufacturers are functioning hard to maintain challenging market position and the maintenance of customers by executing low-cost strategy for dynamometer, hence compromising on their profit margins. The dynamometer used in the automotive industry has become crucial for engine testing is significantly high in cost.
Automotive dynamometer is an expensive piece of equipment that offers greater control and options for the user looking for the ideal real-world tune. For instance, the Dynomax companies dynamometers price varies from US$12,309- US$19,424 for electromagnetic brake and US$42,913 – US$46,301 for electromagnetic retarders. However, the prices have increased with the rising demand of the product and also, price may vary on the complexity and the vehicles engine. According to Engine Builder, typical rates for dynamometer testing an engine range from US$500-US$1,000. Several top dyno manufacturers offer a starter package for 1,500 hp and 1,000 ft.lbs. for around US$25,000. Thus, the price figure of various dynamometers is very high, which is one of the primary reasons for the downfall of the market growth.
Dynamometer Market Landscape
The Dynamometer market is moderately consolidated with key players are adopting strategies such as acquisition, product launches and others with the players and companies prevalent in the market. The top companies present in the market include the below.
- Horiba
- AVL List GmbH
- Meidensha Corporation
- Phoenix Dynamometer Technologies
- Power Test LLC
- Dynomerk Controls
- Froude
- Mustang Dynamometer
- Burke E. Porter Machinery Company
- Biodex Medical Systems
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