Speed Changer, Industrial High-Speed Drive, And Gear Manufacturing Global Market
Posted by sainath on July 23rd, 2018
Speed changer, industrial high-speed drive, and gear manufacturing market includes companies mainly involved in manufacturing industrial high-speed drives (except hydrostatic), automotive power transmission equipment, gears and speed changers. Speed changers are the devices which changes the speed of vehicles such as gears and shafts. Gear is a rotating machine that enables the transmission of torque through meshing of cut teeth or cogs with another toothed part or rack. High speed drives offer decreased installation space for higher power and unnecessary gearboxes. These components are used primarily in mechanical power transmissions for industrial machines.
The market was valued billion in 2017 and is expected for stability in global oil and metal due to prices driving demand, increasing awareness and initiatives driving production of power from renewable sources, and infrastructure development in growing economies of China, and India.
The market is split into the following segments: speed changers and industrial high-speed drives; gears, pinions, racks and worms.
China was the biggest player in the market in 2017, accounting for one-fifth of the market, because of the high number of manufacturing establishments and activity in the country. The country’s large population and government initiatives also gave the market a boost for construction and energy generation. China is followed by India as the next largest country in the market.
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