Engineered Gearbox and Drives Market Research Report Forecasts To 2021
Market Research analysts forecast the global engineered gearbox and drives market to grow at a CAGR of 4.08% during the period 2017-2021.
According to the report, one of the major drivers for this market is increased demand for engineered solutions in power industry. The power industry operates in a rugged environment, which requires continuous and uninterrupted functioning of components such as turbines and fans that are driven by industrial gearbox and drives. We observe that the estimated operational life of a gearbox and drive used in the power industry usually does not extend beyond seven years due to high environmental stress and loading.
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Further, the report states that one of the major factors hindering the growth of this market is continued use of standard off-the-shelf gearbox and drives. Customized gearbox solutions are in demand due to several factors like nature of plant design, capacity, machinery functionality, and individual end-user requirements; however, off-the-shelf gearbox and drives continue to dominate the market.
About Engineered Gearbox and Drives
Engineered gearbox and drives are customized/tailor made as per end-user requirements and specifications. They are either manufactured by modifying the components of standard off-the-shelf gearbox and drives or designed and built from scratch.
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Covered in this report
The report covers the present scenario and the growth prospects of the global engineered gearbox and drives market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of engineered gearbox and drives.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Global Engineered Gearbox and Drives Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Bonfiglioli
David Brown Gear Systems
Renold
Rexnord
Sumitomo
Timken
Other prominent vendors
ABB
AOKMAN
Befared
Cat
Cone Drive
Emerson Electric
Esenpro
GearTec
Hansen
Horsburgh & Scott
IGW
Involute
Klingelnberg
Kumera
Market driver
Increased demand for engineered solutions in power industry
For a full, detailed list, view our report
Market challenge
Continued use of standard off-the-shelf gearbox and drives
For a full, detailed list, view our report
Market trend
Use of 3D printing for engineered gearbox and drives component manufacture
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
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Source: https://marketreportscenter.com/reports/507696/global-engineered-gearbox-and-drives-market-2017-2021
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