The Global Engineered Gearbox and Drives Market size is projected to reach USD 12.8 billion by 2028, growing at a CAGR of 3.2% from 2021 to 2028. The growth of the global engineered gearbox and drives market can be attributed to factors such as increasing demand for machinery equipment in various industries across the globe (such as automotive, aerospace or construction), rise in investments on research and development activities globally, increase in adoption rate of electric motors across businesses due to environmental concerns coupled with high cost savings associated with electricity generation compared with fuel-based generators/engines; furthermore, advancements in technology & innovation will also contribute towards the growth of this market.
Engineered Gearbox and Drives are a type of mechanical transmission, which is used to convert rotational motion into an equivalent linear or (axial) force. This system can be found in various industrial applications such as pumps, turbines, elevators and conveyor belts.
The uses of Engineered Gearbox and Drives are as follows:
The uses for Engineered Gearbox and Drives also include use as a solid state relay in electrical power transmission systems since it helps to control or regulate voltages by converting direct current (DC) from one circuit into alternating current (AC). This is done using electromagnetic induction where an electromagnet rotates within a coil wrapped around an iron core with wire windings. In effect, this induces electric currents in nearby wires which then repeat the process at regular intervals along their length without significant energy loss.
On the basis of Type, the market is segmented into Planetary Gearbox, Coaxial Helical Inline Gearbox, Bevel Helical Gearbox and Skew Bevel Helical Gearbox.
Planetary gearbox is a type of engineered gearbox used in many different applications including steam turbines, electric generators and elevators. This type of gear can handle high torque loads while also being able to change speeds quickly.
Coaxial Helical Inline Gearbox (CHIG) are single-stage gears that provide an efficient alternative for heavy-duty equipment or machinery with high power requirements where shaft alignment problems might exist. They are designed to transmit motion from input to output through the use of helical teeth on both sides of a central spur wheel which drive dog rings attached at right angles around two parallel axes.
Bevel Helical Gearboxes often have three stages and consist primarily of bevel gears mounted side by side.
Skew Bevel Helical Gearboxes are similar to bevel helical gearboxes with one difference. They have a large diameter, high-power input shaft that is parallel to the output shaft.
On basis of Application, the market is segmented into Steam Turbine/Motor, Electric Generator, Elevators/Conveyor Belts and Heavy Duty Equipment. The use of engineered gearbox and drives in the Heavy-duty equipment segment is expected to dominate the global market, with over one-third of the total value share by 2028. The electric generator segment is projected to witness the fastest growth during the forecast period owing to development across the Asia Pacific region alone.
On basis of Region, the global engineered gearbox and drives market is segmented into North America, Latin American countries (Brazil), Europe, Asia Pacific regions (Japan) and Middle East & Africa. North American market is predicted to account for the largest share of revenue owing mainly due to higher demand from the steam turbine/motor application driven by high energy consumption as well as increased use in elevators/conveyor belts. In addition, the Middle East & African Countries such as Saudi Arabia also have shown growth due rise in industrialization but the lack of local suppliers may hamper development opportunities over the next few years.
Up Market Research published a new report titled “Engineered Gearbox and Drives Market research report which is segmented by Types (Planetary Gearbox, Coaxial Helical Inline Gearbox, Bevel Helical Gearbox, Skew Bevel Helical Gearbox), By Applications (Steam Turbine/Motor, Electric Generator, Elevators/Conveyor Belts, 3D printing, Heavy Duty Equipment), By Players/Companies Kumera, Interroll, Auma, Desch, Henschel, Siemens, Skf, Bonfiglioli, David Brown Gear Systems, Renold, Rexnord, Sumitomo, Timke, Nsk Global”.
|Report Attributes||Report Details|
|Report Title||Engineered Gearbox and Drives Market Research Report|
|By Type||Planetary Gearbox, Coaxial Helical Inline Gearbox, Bevel Helical Gearbox, Skew Bevel Helical Gearbox|
|By Application||Steam Turbine/Motor, Electric Generator, Elevators/Conveyor Belts, 3D printing, Heavy Duty Equipment|
|By Companies||Kumera, Interroll, Auma, Desch, Henschel, Siemens, Skf, Bonfiglioli, David Brown Gear Systems, Renold, Rexnord, Sumitomo, Timke, Nsk Global|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||228|
|Number of Tables & Figures||160|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Planetary Gearbox, Coaxial Helical Inline Gearbox, Bevel Helical Gearbox, Skew Bevel Helical Gearbox and By Application Steam Turbine/Motor, Electric Generator, Elevators/Conveyor Belts, 3D printing, Heavy Duty Equipment.
Some of the companies that are profiled in this report are:
Engineered Gearbox and Drives Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Engineered Gearbox and Drives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Engineered Gearbox and Drives Market Report:
Some other reports from this category!