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 estimated to expand at 5.00% CAGR during the forecast period.
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.
Industry
Segmentation
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
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.
Scope
of the Report at:
This research report provides insights into various levels
of analysis, such as industry analysis and market share analysis for the
leading industry competitors, along with their profiles. It also helps in
studying the target segments by providing views on the emerging &
high-growth segments. The market data comprises the basic assessment of the
competitive scenarios and strategies in the global industrial gearbox market,
including high-growth regions and/or countries, and political and economic
environments. The project report further provides both – historical market
values and pricing & cost analysis.
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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