The report forecasts the global off-the-shelf gearbox and drives market to grow at a CAGR of 2.75% during the period 2016-2020.
The report 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.
One of latest trends in the market is availability of alternate gearbox technology. Magnetic principles and components find widespread use in electric motors and non-contact drive couplings. R&D in the industrial applications of magnets may help magnets replace mechanical gears in power transmission systems. Such a change may create far-reaching consequences. Thus, industry observers note that magnet-based power transmission components may become the norm in the future. The use of magnets in transmission components offers distinct advantages to industrial gear designers. Thus, it should be noted that conventional transmission systems, couplings, dampers, electrical machines, and actuators suffer from design limitations and drawbacks.
According to the report, one of the primary drivers in the market is rise in investments in oil and gas pipeline projects. Fossil fuels continue to dominate the energy market despite increasing preference of green and renewable energy. The recent decline in crude oil and natural gas prices is driving oil and gas companies to cut costs and adopt more efficient exploration and transportation processes and methods. Unforeseen equipment downtime also results in high equipment costs. Pipelines are deemed as the safest and most efficient way of transporting crude and natural gas over long distances. Therefore, oil and gas companies are investing in robust pipeline networks for cost-effective fossil fuel transport. The choice of pipeline compressors and pumps is influenced by efficiency, cost, operating environment, and reliability. In Europe and North America, pipeline conditions are relatively non-harsh as temperatures are not extreme. Thus pipeline stations are easily accessible for supervision and repair.
- Sumitomo Drive Technologies
- David Brown Engineering
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Market segmentation by end-user
Part 08: Geographical segmentation
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Key takeaway
Part 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/7dghpk/global
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SOURCE Research and Markets