The 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 global speed changer, industrial high-speed drive, and gear manufacturing market was valued at $46.6 billion in 2017. Asia Pacific was the largest geographic region accounting for $17.4 billion or 37.5% of the global market. China was the largest country accounting for $6.2 billion or 13.4% of the global speed changer, industrial high-speed drive, and gear manufacturing market.
Powder metal (PM) gear technology industry is being adopted by gear manufacturers to produce light weight components that consumes minimal power. Gears manufactured by powder metallurgy process are a cost-efficient alternative for the machined gears. It helps in reducing the inertia, gear’s resistance to change, thereby offering high energy savings. Get Rag Ford, have invested in this technology to facilitate automatic transmissions.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The speed changer, industrial high-speed drive, and gear manufacturing market is segmented into Speed Changers And Industrial High-Speed Drives; Gears, Pinions, Racks And Worms.
Speed Changers And Industrial High-Speed Drives establishments are primarily engaged in manufacturing only speed changers and industrial high-speed drives.
Gears, Pinions, Racks And Worms establishments are primarily engaged in manufacturing only gears, pinions, racks and worms.