Light Weight Components - By Powder Metal (PM) Gear TechnologyPosted by sainath on October 24th, 2018 Powder metal (PM) gear technology industry is being adopted by gear manufacturers to produce light weight components that consume minimal power. Gears manufactured by the powder metallurgy process are a cost-efficient alternative for machined gears. It helps in reducing inertia, the gear’s resistance to change, thereby offering high energy savings. THE BUSINESS RESEARCH COMPANY VALUED THE SPEED CHANGER, INDUSTRIAL HIGH-SPEED DRIVE, AND GEAR MANUFACTURING GLOBAL MARKET AT USD48 BILLION IN 2017. Asia Pacific was the largest geographic region accounting for more than one third of the global market. And China was the largest country accounting for nearly one fifth of the global speed changer, industrial high-speed drive, and gear manufacturing market. According to The Business Research Company’s Consultant, Nitin Gianchandani, increase in the use of electromechanical across diverse industries worldwide is an important reason for driving growth in the speed changers, drivers and gear manufacturing market. Market Development over the decades has been guided by electrification of machine tools and rapid industrialization. With the entrance of CNC (Computer Numerical Control) machines the importance of speed changers, gears and drivers has increased rapidly. Plant automation and developments in industrial kinetics will continue to drive the growth in the demand of this industry. Sample report: https://www.thebusinessresearchcompany.com/sample.aspx?id=134&type=smp Wikov Group was the biggest player in the gear manufacturing global market with revenues exceeding USD75 million in 2017. Speed changer, industrial high-speed drive, and gear manufacturing 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. Speed Changer, Industrial High-Speed Drive, And Gear Manufacturing Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at 00 for an individual user. To use across your office, the price is USD6000 and USD8000 if you wish to use across a multinational company. About The Business Research Company Visit TheBusinessResearchCompany.com, mail info@tbrc.info or call +447443439350 or +918897263534 or +919160996838 for more information on this and many other titles. The Business Research Company is a market research and intelligence company, which excels in company, market and consumer research. It has research professionals at its offices in the UK, India and the US as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, chemicals and technology. The Business Research Company's management has more than 20 years of varied business research experience. They have delivered hundreds of research projects to the senior management of some of the world's largest organizations. Contact Information. The Business Research Company Europe: +44 207 1930 708 Asia: +91 8897263534 Americas: +1 315 623 0293 Email: info@tbrc.info Like it? Share it! More by this author |