Industrial Planetary Gearbox Market Revenue to outshine USD 15.69 BN BY 2027
Posted On February 03, 2021
The Global Industrial Planetary Gearbox Market revenue is anticipated to grow to around USD 15.69 BN by 2027 with a CAGR of 4.25% during the year 2020-2027 as per the report published by Value Market Research. The industrial planetary gearbox is a compact power pack used in applications where higher torques are required in enclosed spaces. Rapid industrial automation to improve efficiency and reduce costs is the central stimulant for this market’s growth. The rising use of gearboxes for precision operations in aircraft, defense, spacecraft systems, power plants, automotive industries, and steel plants will benefit market growth. The need for high rotational speeds and better torque control of machines used in construction, agriculture, and engineering industries will further propel industrial planetary gearboxes’ demand. Increased deployment of robots in various end-user sectors will boost market growth. Complex design and the need for high-quality maintenance are a few restraints on the market.
An industrial planetary gearbox is a gear reducer or enclosed speed reducer used in many electromechanical applications. The transmits mechanical energy to an output device by modifying the speed, torque, and other attributes. Planetary gearboxes are available in a broad range of load capacities, sizes, configurations, and speed ratios to ensure the optimum duration and silent operation. These devices exhibit high performance, low cost, compact size, excellent reliability, simple installation, and reduced maintenance. They are commonly used in Condensers, pumps, wind turbines, generators, and cooling water plants. Regular lubrication of the bearings and other components of the transmission system is necessary for proper maintenance.
The elaborate study "Global Industrial Planetary Gearbox Market Report By End-User Type (Robotics And Machine Tools, Automotive, Aerospace And Defense, Food And Beverage, Industrial Manufacturing, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2020-2027" poses a refreshing view of the market taking into consideration all the aspects affecting the market.
On the basis of end-user type the market is segmented into Robotics and Machine Tools, Automotive, Aerospace and Defense, Food and Beverage, Industrial Manufacturing, Others. The report covers North America (North America, United State and Rest of North America), Europe (United Kingdom, France , Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. The data tables in these chapters give the market estimates on the basis of all the segments.
The Report Segments Global Industrial Planetary Gearbox Market -
By End-User Type
- Robotics and Machine Tools
- Aerospace and Defense
- Food and Beverage
- Industrial Manufacturing
- North America
- the Asia Pacific
- Latin America
- The Middle East and Africa
Players Profiled In the Report:
Altra Industrial Motion (Boston gear), Bonfiglioli Riduttori, Dana, Nidec Corporation (Nidec Shimpo), Sumitomo Heavy Industries, and Siemens
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