Technavio
Announces the Publication of its Research Report Global Off-the-shelf Gearbox
and Drives Market 2016-2020
Technavio recognizes the following companies as the key players in the global off-the-shelf gearbox and drives market: Bonfiglioli, Renold, Sumitomo Drive Technologies, David Brown Engineering, and Timken.
Other prominent vendors in the market are: ABB, AOKMAN, Befared, Emerson Electric, GearTec, Hansen, IGWA, Involute, Kumera, Rexnord, Rossi, SEW-EURODRIVE, Siemens, STOBER, TECO-Westinghouse Motor Company, Turner Uni-Drive, Watt Drive-WEG, and Wikov.
Commenting on the report, an analyst from Technavio’s team said: “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.
Technavio recognizes the following companies as the key players in the global off-the-shelf gearbox and drives market: Bonfiglioli, Renold, Sumitomo Drive Technologies, David Brown Engineering, and Timken.
Other prominent vendors in the market are: ABB, AOKMAN, Befared, Emerson Electric, GearTec, Hansen, IGWA, Involute, Kumera, Rexnord, Rossi, SEW-EURODRIVE, Siemens, STOBER, TECO-Westinghouse Motor Company, Turner Uni-Drive, Watt Drive-WEG, and Wikov.
Commenting on the report, an analyst from Technavio’s team said: “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.
Further, the report states that one major challenge in the market is rising demand for direct drive systems. A variable frequency drive (VFD) can continuously control the speed of the motor by calibrating the voltage and frequency supplied to the motor unlike a gearbox and mechanical drives, which provide only discrete speed control. In recent times, variable speed drives are being increasingly preferred as they can operate motors over a wide range of torque, speed, power, and other characteristics. End-users also incorporate variable direct drive technology to enhance reliability and reduce maintenance costs. Direct drives are also preferred due to the streamlined arrangement of generators used in the system and the declining costs of permanent magnets. We estimate that the global electric drive market was valued at $18.67 billion in 2015, which is predicted to reach $26.16 billion in 2020, growing at a CAGR of 6.98%. Electric drives have been adopted in most major industries such as power, oil and gas, cement, steel, chemical and petrochemical, and food and beverage industries to name a few. Such development can overshadow the market of the off-the-shelf gearbox and drives system.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Off-the-shelf Gearbox and Drives
Off-the-shelf gearbox and drives have varying design factors such as gear ratio, efficiency, size and backlash characteristics for different industrial applications, which determine the performance and overall cost of the gearbox. A noted example is the orientation of the gear teeth, which determines the overall performance of the gears in gearboxes.
Technavio’s analysts forecast the global off-the-shelf gearbox and drives market to grow at a CAGR of 2.75% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global off-the-shelf gearbox and drives market for 2016-2020. To calculate the market size, the report discusses the major drivers influencing market growth and the challenges faced by the vendors and the market as a whole.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Off-the-shelf Gearbox and Drives Market 2016-2020, 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
• Renold
• Sumitomo Drive Technologies
• David Brown Engineering
• Timken
Other prominent vendors
• ABB
• AOKMAN
• Befared
• Emerson Electric
• GearTec
• Hansen
• IGWA
• Involute
• Kumera
• Rexnord
• Rossi
• SEW-EURODRIVE
• Siemens
• STOBER
• TECO-Westinghouse Motor Company
• Turner Uni-Drive
• Watt Drive-WEG Group
• Wikov
Market driver
• EU initiative promoting industrial and engineering innovation.
• For a full, detailed list, view our report
Market challenge
• Continued use of chain drives and belt drives.
• For a full, detailed list, view our report
Market trend
• Increased demand for turnkey solutions.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 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?
Off-the-shelf gearbox and drives have varying design factors such as gear ratio, efficiency, size and backlash characteristics for different industrial applications, which determine the performance and overall cost of the gearbox. A noted example is the orientation of the gear teeth, which determines the overall performance of the gears in gearboxes.
Technavio’s analysts forecast the global off-the-shelf gearbox and drives market to grow at a CAGR of 2.75% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global off-the-shelf gearbox and drives market for 2016-2020. To calculate the market size, the report discusses the major drivers influencing market growth and the challenges faced by the vendors and the market as a whole.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Off-the-shelf Gearbox and Drives Market 2016-2020, 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
• Renold
• Sumitomo Drive Technologies
• David Brown Engineering
• Timken
Other prominent vendors
• ABB
• AOKMAN
• Befared
• Emerson Electric
• GearTec
• Hansen
• IGWA
• Involute
• Kumera
• Rexnord
• Rossi
• SEW-EURODRIVE
• Siemens
• STOBER
• TECO-Westinghouse Motor Company
• Turner Uni-Drive
• Watt Drive-WEG Group
• Wikov
Market driver
• EU initiative promoting industrial and engineering innovation.
• For a full, detailed list, view our report
Market challenge
• Continued use of chain drives and belt drives.
• For a full, detailed list, view our report
Market trend
• Increased demand for turnkey solutions.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 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?
Table
of content: https://marketreportscenter.com/reports/456012/global-off-the-shelf-gearbox-and-drives-market-2016-2020#toc
About
Us:
Market Reports Center is an e-commerce
platform obliging the needs of knowledge workers, experts, professionals who
are subject to market research information for their work, or to make strategic
business decisions. Market Reports Center’s team consistently works to update
and extend our existing repository of market research reports by partnering
with new publishers and adding their studies to our website.
Contact us for more details:
Sam
Collins
Market Reports Center
Phone
No: 1-646-883-3044 (US)
No comments:
Post a Comment