Industries > Energy > Global Industrial Gearbox Market Report 2019-2029

Global Industrial Gearbox Market Report 2019-2029

Analysis by Type (Planetary, Helical, Bevel, Spur and Worm), by Design (Parallel, Angled), by Industry (Wind Power, Material Handling, Construction, Metal & Mining, Cement & Aggregate, Food & Beverage), Company and Country Analysis and Forecasts

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PRODUCT CODE: ENE0231
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Market Definition:
• Industrial gearbox is an enclosed system that transmits mechanical energy to an output device.
• Gearboxes are able to modify their speed, torque, and other attributes to convert the energy into a usable format.

Market Overview and Trends
• Gearboxes are now being used in a variety of devices, for a broad range of purposes. These machines can slow the rate of rotation to increase torque and speed.
• Mechanical gearboxes that are widely used in industrial sectors for functions such as transmitting power between machinery, automation systems, and process units are known as industrial gearboxes.

Market Dynamics:

Factors Influencing the Market Growth:
• Surge in demand for energy efficient gearboxes
• Rise in adoption of industrial automation across various industries
• Increasing industrialization in developing economies

Factors Restraining the Market Growth:
• Slowdown of industrialization in developed country such as Europe
• Technical challenges such as overheating, oil leaks, and excessive noise

Market Segmentation 2019-2029:

Type
• Planetary systems market, 2019-2029
• Helical market, 2019-2029
• Bevel market, 2019-2029
• Spur market, 2019-2029
• Worm market, 2019-2029

Design
• Parallel Market, 2019-2029
• Angled Market, 2019-2029

Industry
• Wind Power Market, 2019-2029
• Material Handling Market, 2019-2029
• Construction
• Metal & Mining
• Cement & Aggregate
• Food & Beverage

Geographic breakdown
Focused regional forecasts and analysis explore the future opportunities:
• North America Market, 2019-2029
• Europe Market, 2019-2029
• Asia-Pacific Market, 2019-2029
• Latin America, Middle East and Africa Market, 2019-2029

Competitive Analysis:
• Companies are actively engaged in different developmental strategies such as merger & acquisition and new product launch in order to improve and increase their foothold in the global Industrial Gearbox Market.

Major Market Players:
• Key company profiles such as Emerson Electric Co., Johnson Electric Holdings Limited, Siemens AG, Sumitomo Heavy Industries Ltd., Watt Drive Weg Group, Sew-Eurodrive, GKN Off-Highway Powertrain, ABB, Bauer Gear Motor, Bondioli & Pavesi are also provided in the report.

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