Market Highlights
Industrial
gearbox is a cylindrical part having cut teeth on its periphery, which mesh
with another tooth part (gear) in order to transmit torque. There are different
types of industrial gearboxes which are used for different type of purposes.
The major gearboxes include helical gearboxes, coaxial helical inline, bevel
helical gearbox, and skew bevel helical gearbox, among others. Every type of
industrial gearbox has different design; hence the same industrial repair and
renewable techniques would not work for all of them. Hence, industrial gearbox
requires proper maintenance during its life span or operational life.
Industrial
gearbox is defined as the enclosed system which helps in transmitting
mechanical energy to an output device. Industrial gearbox slowdown the rate of
rotation in order to increase speed and torque. High reliability of industrial
gearbox is demanded in some applications as its breakdown can cause serious
implications. So, manufacturers of industrial gearbox are focusing on designing
of industrial gearbox in order to match customer’s requirements. Industrial
gearbox is used in high speed applications such as aerospace, automobile, and
marine.
The
global Industrial Gearbox market is set to witness significant growth due to rising
use of industrial gearbox in manufacturing sector and in machine tools and
material handling equipment. The demand for energy efficient gearbox is likely
to boos the demand of industrial gearbox market. The renewable power generation
is also expected to offer promising business opportunities to the industrial
gearbox during the forecast period. According to IRENA (International Renewable
Energy Association), renewable power generation is expected to hold 36% share
in the total power generation capacity by 2030 from 18% in 2015. However, the
features such as overheating, excessive noise, and oil leaks of industrial
gearbox is likely to restraint the industrial gearbox market.
Prominent Players:
The
key players of the global Industrial gearbox market are Emerson Electric Co,
Johnson Electric Holdings Limited, Siemens AG, Sumitomo Heavy Industries Ltd,
Watt Drive Weg Group, Sew-Eurodrive, Schneider Electric, GKN Off-Highway
Powertrain, ABB Ltd, Bauer Gear Motor, Bondioli & Pavesi, Dana Brevini,
Bonfiglioli, Comer Industries, Elecon Engineering, and China High Speed
Transmission Equipment Group Co., Ltd., among others.
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Segmental
Analysis:
The Industrial
gearbox market has been segmented based on industry as wind power; cement &
aggregates; chemicals, rubber & plastic; construction; food & beverage;
marine; material handling; metals & mining; power generation; recreational
vehicle; transportation industry; agriculture; automotive; and others. Wind
power is expected to be the fastest growing segment in the industrial gearbox
market during the forecast period due to increasing wind power installation
globally.
Regional Outlook:
Region
wise, Asia-Pacific held the largest market share of the global industrial
gearbox market in 2017 due to increasing use of industrial gearbox in many
manufacturing industries. This growth will witness a positive outlook in the
coming years owing to increasing automation in industries such as automobile,
food processing, and agriculture machinery. Moreover, increasing investments in
renewable power generation with a shift towards wind power is driving the
industrial gearbox market.
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