Global Industrial Gearbox Market is projected to reach USD 44.17 billion at a CAGR 3.9%

The Global Industrial Gearbox Market is projected to reach USD 44.17 billion by 2028, growing at a CAGR of 3.9% during the forecast period. Industrial gearboxes are devices that transmit mechanical energy to an output device. Gearboxes can change their speed, torque, and other characteristics to transform energy into a format that can be used. They are used in several devices in many different end-use industries.

Key Developments in the Industrial Gearbox Market:
• In May 2019. Bonfiglioli Italia SpA(Italy), developed in its research centres a Power Drive System based on the coupling of BSR series synchronous reluctance motors with Active Cube series electric drives, equipped with dedicated sensorless vector control. This can be combined with a wide range of Bonfiglioli industrial gearboxes
• In November 2018, Bauer(Germany), developed gear motors and boxes for pizza packaging line conveyors. The Model BK06 supplied features a PMSM (Permanent Magnet Synchronous Motor) that reduces heat losses from the rotor by 100% and total losses by approximately 25% while increasing total efficiency by 10% or more. This improved performance helps to lower total cost of ownership, reduce CO2 emissions, and ongoing savings that buffer against future increases in energy costs

Market Segmentation:

By Type:
• Bevel
• Planetary
• Helical

• By Design:
• Parallel Axis
• Angled Axis
• Other

By End User:
• Cement & Aggregates
• Construction
• Chemicals

Companies Covered: Major Companies profiled in the report which are key players in the global industrial gearbox market include ABB Group, Bonfiglioli Italia SpA, Bondioli & Pavesi, Sew-Eurodrive, Dana Brevini, Sumitomo Heavy Industries Ltd., Johnson Electric Holdings Ltd., Bauer Gear Motor, China High Speed Transmission Equipment Group, and Siemens.

Leave a Reply

Your email address will not be published. Required fields are marked *