Future Market Insights has announced the addition of the “Digital Tachometer Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025" report to their offering.
Valley Cottage, NY -- (SBWIRE) -- 01/19/2016 -- Digital tachometer have now become critically important due to high safekeeping reasons in every part of the world. A digital tachometer is a digital device which is used to measure rotational speed of an object. It can be a car tire, ceiling fan and any other motor or machine. It usually helps in displaying the revolution per minute (valued information for understanding any rotational system) on a digital displays. It has a LED or LCD readout with memory is provided for storage. At the same time it can also do statistical functions like averaging etc. The word is derived from the Greek word taxos (tachos) meaning "speed" and metron "measure". Traditionally, digital tachometer was arranged with a dial and a needle that shows the current markings and readings and indicates the dangerous and safe level. Conversely, digital tachometer provides numerical readings instead of using needles and dials.
Digital Tachometer Market: Drivers & Restraints
With growing needs for safety and security, the digital tachometer is anticipated to be the major target market in near future, thus continues to gain attention from various end user industries. Major applications of digital tachometer are automobiles, trucks, tractors, aircraft, used to estimate traffic engineering, in trains and light rail vehicles. Increasing demand for indicating a safe range of rotation speed is the foremost driver identified in the digital tachometer market. Safety guidance from government side is also helping in increasing the degree of awareness among the end users. However, high maintenance cost such as magnets which can weaken over time, or if overheated, and cause incorrect measurements along with lack of safety and security related litigations are the major setback for digital tachometer market.
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Digital Tachometer Market: Segmentation
Based on the data acquisition technique, the global digital tachometer market can be broadly classified into two types as:
Contact type (wheel of the tachometer needs to be brought into contact with the rotating object)
Non-Contact type (measurement can be made without attaching to rotating object)
Based on the measurement technique, the global digital tachometer market can be broadly classified into two types as:
Time measurement (measures the time interval between incoming pulses)
Frequency measurement (measures the frequency of the incoming pulses)
On the basis of major applications, global digital tachometer market can be segmented as:
Automobiles (Automobile tachometers display how many revolutions per minute an engine is putting out)
Others (Traffic engineering and Laser instruments)
Digital Tachometer Market: Region-wise Outlook
The global digital tachometer market is geographically segmented into seven key regions which are, North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa.
The marketplace for these systems is largely fragmented and large number of domestic and regional players exists across the globe. The market growth in developed economies for these systems is expected between 7% and 10% whereas in developing regions the growth may even exceed 15% during coming five years. With advancement in technology, increased investment in automobiles, aircraft and others, Asia-Pacific is estimated to be the growth engine for the global digital tachometer. India and china will serve as the most attractive market for the Digital tachometer market. The remaining regions are expected to grow at a steady rate over the forecast period 2015-2025.
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Digital Tachometer Market: Key Players
Some of the players identified in the digital tachometer market are LOR, SRI Electronics, Kusam Meco, Waco, Lutron, Samson, Design Technology, Aetna Engineering, Digital Promoters, Faria Beede, and Shanghai Tachometer, among many others.