The global engineered gearbox and drives market is expected to grow at a CAGR of around 4% by 2020, says Technavio.
Technavio has announced its latest market research report on the global engineered gearbox and drives market, under its automation portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Bonfiglioli, David Brown Gear Systems, Renold, Rexnord, Sumitomo Drive Technologies, and Timken.
According to Bharath Kanniappan, a lead analyst for automation research at Technavio, “The availability of online product configuration software is expected to gain traction in the global engineered gearbox and drives market. Online product configuration software platforms such as Regal Divisions Hub City and Marathon Motors are offering online portals.”
These portals enable designers and engineers to communicate with end-users and create perfectly matched customized gearbox and drives as per the end-users’ motor configuration and requirements. The software acts as a fast and easy interface to build gearbox and drives as per the required specification and allows engineers to access data from several gearbox designs and applications with specific modifications.
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Sensors in gearbox and drives
The introduction of sensors in gearbox and drives will greatly enhance the ability of operators to monitor gearbox and drive components and inform them of impending failure. Specialized sensors are now being introduced in engineered gearbox and drives, which can report and detect bearing vibration levels, torque output, gearbox temperatures. Such sensors can alert the operators before a complete disruption takes place, thereby avoiding significant downtime.
Introduction of Magneto gearbox and drives
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. Thus, Technavio observes that OEMs and academic institutions are exploring and investing in research related to magnetism, as smaller and lighter magnets can replace larger composite magnets.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Engineered Gearbox And Drives Market 2017-2021‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Electric Drives Market 2017-2021
- Global Off-the-shelf Gearbox and Drives Market 2016-2020
- Global Servo Motors and Drives Market 2016-2020
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