Market Analysis
The industrial gearbox market is predicted to develop at a 4.34% CAGR between 2017- 2024, states the new Market Research Future (MRFR) analysis. An industrial gearbox, simply put, is a mechanical process for transferring power or energy between process units, machinery, and automation systems. It is placed at the junction of the power shaft and the motor.
Various factors are propelling the global industrial gearbox market share. According to the recent MRFR report, such factors include the growing need for efficient energy gearbox & clean energy sources, increasing automation in manufacturing technology, increasing adoption of industrial automation, technological advances in industrial sectors and robotics, and increasing disposable income. Additional factors adding market growth include growing investments in renewable power generation, demand for wind power, and increasing use of automation in the manufacturing sector.
On the contrary, the slowdown of major economies, technical challenges, high device cost, and the on-going COVID-19 impact are factors which may limit the global industrial gearbox market growth over the forecast period.
Regional Analysis
Based on the region, the global industrial gearbox market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Middle East and Africa (MEA). Of these, North America will spearhead the market over the forecast period. Growth in industrial automation, the booming construction industry, especially in developing nations, and increasing technological advances are adding to the global industrial gearbox market growth in the region.
The global industrial gearbox market in the APAC region is predicted to grow at a fast pace over the forecast period. Huge investments made by private organizations and government in material handling, metal and mining, construction, and wind power, constant investments made in developing automation in India, China, and Japan, rising installation of wind power, and growing automation in manufacturing industries are adding to the global industrial gearbox market growth in the region.
The global industrial gearbox market in Europe is predicted to have notable growth over the forecast period. On-going advances in technology, growing adoption of artificial intelligence robots to reduce labor expenses, growing scope of applications, high sophistication level, and increasing focus to improve production efficiency are adding to the global industrial gearbox market growth in the region.
The global industrial gearbox market in the MEA is predicted to have steady growth over the forecast period.
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Key Players
Eminent contenders profiled in the global industrial gearbox market report include Eickhoff Antriebstechnik GmbH (Germany), Sumitomo Heavy Industries, Ltd (Japan), Zollern GmbH & Co. KG (Germany), Renk AG (Germany), Wikov Industry A.S. (Czech Republic), Rexnord Corporation (US), Nidec-Shimpo Corporation (US), General Electric (US), Nanjing High Speed & Accurate Gear Group Co., Ltd (China), Sew-Eurodrive (Germany), Emerson Electric Co (US), Schneider Electric (France), ABB (Switzerland), and Siemens (Germany).
Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global industrial gearbox market based on industry, torque, size, design, and type.
By type, the global industrial gearbox market is segmented into spur, worm, bevel, planetary, helical, and others. Of these, the helical type segment will lead the market over the forecast period.
By design, the global industrial gearbox market is segmented into angle axis, parallel axis, and others. Of these, the parallel design segment will dominate the market over the forecast period.
By size, the global industrial gearbox market is segmented into large (above 1 MW) and small (up to 55 KW).
By torque, the global industrial gearbox market is segmented into above 50,000 Nm and up to 50,000 Nm.
By industry, the global industrial gearbox market is segmented into marine, power generation, construction, material handling, wind power, and others. Of these, the wind power segment will have a major share in the market over the forecast period.
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Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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Market InsightMarket Research Future (MRFR), in its latest global active network management market states several factors that can boost the expansion of the active network management industry.
The active network management market size is expected to touch USD 1,583.4 Mn by 2024 form USD 728.3 Mn in 2019.
The rise of the Active Network Management Market can be attributed to the high demand for power supply management solutions for distribution of renewable energy from their sources.
This can prompt the market growth.In current times, smart grids have adopted different intelligent solutions to regulate power supplies and the integration of different sources of energy that include renewable sources.
ANM software for power grids can aid in avoiding voltage range infringements and in the prevention of imbalance between power generation and power consumption, plus power overload is also managed.
ANM is a proven solution for reliable voltage regulation, grid stability, and peak load management.Progression of smart grids across the globe and increase in the usage of renewable energy sources have encouraged the widely adoption of ANM solutions.
Market Research Future (MRFR) reports that the global nanowire battery market is set to soar at a high growth rate throughout the forecast period (2016-2022).
Nanowires are structures that have a diameter of tens of nanometers or less.
The surface area of the electrodes of a normal battery is increased through the use of nanowires; which is then called a nanowire battery.Market Drivers and RestraintsThe key drivers bolstering the nanowire battery market are portable electrical and electronic devices that include cell phones, laptops, wearable devices.
Increasing demand for advanced medical applications and devices has resulted in constant innovation of new medical products which uses batteries to store energy, in turn, propelling nanowire battery market.Low manufacturing cost for producing these products and its lightweight properties are bound to be other prime reasons for propelling the market growth.
Whereas, use of concerned product in medical devices with advancement in technology will bolster the nanowire battery marketGet Free Sample Report@ https://www.marketresearchfuture.com/sample_request/1727Key PlayersThe prominent players making name in the global market are Boston Power Inc. (U.S.), Prieto Battery Inc. (U.S.), Imprint energy Inc. (U.S.), Ambri Inc. (U.S.), Xilectric Inc. (U.S.), Amprius Inc. (U.S.), Pellion Technologies (U.S.), EnerDel, Inc. (U.S.), Envia Systems Inc. (U.S.), Sila Nanotechnologies Inc. (U.S.) and others.Regional AnalysisThe regional segmentation of the global market is based on North America, Europe, Asia Pacific (APAC) and the Rest of the World.Globally, North America has claimed the largest market share backed by the presence of global players, especially in the United States (U.S) and Canada.
Immensely involved research and development projects with the help of several universities will augment the market size.
Global Active Network Management Market Research Report: By Component (Software and Services), Organization Size, and Application (Power Generation, Power Grid and Transmission, Oil and Gas, and Water Treatment and Distribution)—Forecast till 2027Market OverviewThe active network management market is anticipated to grow by US$1,583.4 million by 2027 rapidly growing at a CAGR of 16.8% during the forecast period.
The global active network management market is driven by increasing demand for management of power supply and the rising need to avoid overloading of power grids.
These factors have helped shape the active network management market and are expected to boost the growth.
Analysts studying the active network management market have also shared growth projections in the report and have suggested active network management market players to plan business strategies accordingly.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7812Market SegmentationThe global active network management market has been segmented based on components, organization size, and applications.
The performance of the active network management market has also been studied for the past and current years.
The active network management market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world.
