LONDON, Oct. 8, 2019 /PRNewswire/ -- 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
• 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.
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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
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Market Segmentation 2019-2029:
• Planetary systems market, 2019-2029
• Helical market, 2019-2029
• Bevel market, 2019-2029
• Spur market, 2019-2029
• Worm market, 2019-2029
• Parallel Market, 2019-2029
• Angled Market, 2019-2029
• Wind Power Market, 2019-2029
• Material Handling Market, 2019-2029
• Metal & Mining
• Cement & Aggregate
• Food & Beverage
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
• 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.
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Companies covered in the report include:
Allied Precision Gears Inc.
Ashoka Machine Tools Corporation.
Bauer Gear Motor
Bondioli & Pavesi
China High Speed Transmission Equipment Group Co., Ltd.
Cleveland Gear Company
Emerson Electric Co.
Griffin Gear Inc.
Johnson Electric Holdings Limited
NORD drivesystems Pvt. Ltd.
Sumitomo Heavy Industries Ltd.
Watt Drive Weg Group
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