Precision Gearbox Machinery Global Market Report 2023 – By Type (Planetary Gearbox, Worm Gearbox, Helical Gearbox, Bevel Gearbox, Spiral Bevel Gearboxes, Other Types), By Manufacturing Process (Hobbing, Grinding, Turning, Honing), By Shaft Orientation (Coaxial, Right Angled, Parallel Shift), By Application (Machine Tools, Material Handling, Packaging, Robotics, Automobile, Off-Road Vehicles, Wind Towers, Agriculture, Railways, Marine) – Market Size, Trends, And Global Forecast 2023-2032

Industrial gearbox refers to as an enclosed system in which the mechanical energy is transferred from one device to another and is used to increase torque while reducing speed. The main type of Industrial gearbox types are planetary, helical, bevel, spur, worm and other types. A planetary system is a collection of gravitationally bound non-stellar objects in or out of orbit around a star or system of stars. It includes designs in parallel axis, angled axis and other designs, that are applied in construction and mining equipment, automotive, chemicals, rubber and plastic, wind power, and material handling The global industrial gearbox market is segmented - 1) By Type: Planetary, Helical, Bevel, Spur, Worm, Other Types 2) By Design: Parallel Axis, Angled Axis, Other Designs 3) By Application: Construction and Mining Equipment, Automotive, Chemicals, Rubber and Plastic, Wind Power, Material Handling The global industrial gearbox market size grew from $28.59 billion in 2022 to $30 billion in 2023 at a compound annual growth rate (CAGR) of 4.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of the global industrial gearbox is expected to grow to $36.43 billion in 2027 at a CAGR of 5.0%. The rising adoption of industrial automation has been a major driving factor for the industrial gearbox global market. Industrial automation systems are computerized systems that regulate and monitor a process, machine, or device to perform repetitive activities or duties. They are designed to run on their own to reduce and improve human labor in the business. For instance, in 2021, according to the robotic survey, robots are presently used as an integral part of 44.9 % of the respondents' assembly and manufacturing facilities, according to the poll. More specifically, 34.9 % of those with robots utilize collaborative robots (cobots), whereas the other 65.1 % use only industrial robots. Hence, the rising adoption of industrial automation has been a major driving factor for the market. Major players in the industrial gearbox market are Bondioli & Pavesi S.p.A., Johnson Electric Holdings Limited, Siemens AG, Sumitomo Heavy Industries Ltd., David Brown, China High-Speed Transmission Equipment Group Co. Ltd., Rexnord, Cone Drive Operations, Curtis Machine Company, GearTech Inc., Essential Power Transmission Pvt. Ltd., Griffin Gear Inc., Precipart Corporation, NORD drive systems Pvt. Ltd., Allied Precision Gears Inc., Renold PLC. and Ashoka Machine Tools Corporation. Product innovation is a key trend gaining popularity in the industrial gearbox market. Many companies operating in the industrial gearbox market are developing innovative products to strengthen their position in the market. For instance, in October 2020, Sumitomo Drive Technologies, a US-based manufacturer of gear motors, industrial gearboxes, and speed reducers launched the new Hansen M5CT industrial gearbox. The Hansen M5CT is a future-oriented development based on the experience of three existing product lines. In March 2022, RNWBL, LLC, a US-based technology company acquired Gearbox Express for an undisclosed amount. Through this acquisition, RNWBL is focused on providing field services and technology to the wind, solar and broader renewables industry. Gearbox Express is a US-based gearbox manufacturer that provides remanufactured gearboxes, main shafts, parts, and other services. Asia-Pacific was the largest region in the industrial gearbox market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial gearbox market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the industrial gearbox market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The industrial gearbox market consists of sales of concentric, shaft mount, and right angle, driving shaft, clutch shaft, main shaft, layshaft, counter shaft, gear shift fork. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The industrial gearbox market research report is one of a series of new reports from The Business Research Company that provides industrial gearbox market statistics, including industrial gearbox industry global market size, regional shares, competitors with a industrial gearbox market share, detailed industrial gearbox market segments, market trends and opportunities, and any further data you may need to thrive in the industrial gearbox industry. This industrial gearbox market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The wind turbine refers to a power-generating device that has been driven by the kinetic energy of the wind. A wind turbine turns wind energy into electricity using the aerodynamic force of the rotor blades, which work like an airplane wing or helicopter rotor blade. When wind flows across the blade, the air pressure on one side of the blade will decrease. The main types of wind turbines are the rotator blade, gearbox, generator, nacelle, and others. Rotor blades are the most important parts of a wind turbine for the performance and cost of the wind power system. The shape of the rotor blades has a direct impact on performance as it will determine the conversion of kinetic energy related to the wind to mechanical energy. The axis of a wind turbine is horizontal and vertical and can be deployed onshore and offshore. They can be grid-connected or stand-alone for industrial, commercial, residential, and utility applications. The global wind turbine market is segmented – 1) By Component: Rotator Blade, Gearbox, Generator, Nacelle, Other Components 2) By Axis Type: Horizontal, Vertical 3) By Location of Deployment: Onshore, Offshore 4) By Connectivity Type: Grid Connected, Stand Alone 5) By Application: Industrial, Commercial, Residential, Utility The global wind turbine market grew from $79.13 billion in 2022 to $78.43 billion in 2023 at a compound annual growth rate (CAGR) of 9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of wind turbine is expected to grow to $104.50 billion in 2027 at a CAGR of 7.4%. Increasing demand for renewable energy sources is contributing to the growth of the wind turbine market. A renewable energy source refers to an energy source that is repeatedly replenished without running out. Most of this energy will come from fossil fuels like coal, oil, and natural gas. The wind is a renewable energy source. Overall, using wind to produce energy has fewer effects on the environment than other energy sources. Wind turbines will not release emissions that will pollute the air or water and they do not require water for cooling. Wind turbines will also reduce the amount of electricity generation from fossil fuels, which results in lower total air pollution and carbon dioxide emissions. For instance, according to IEA data 2021, Paris-based autonomous intergovernmental organization, renewable energy use increased by 3% in 2020 as demand for all other fuels declined. Moreover, the amount of electricity generated from renewables is set to increase too by 8% in 2021 and more than 6% in 2022. Increasing demand for renewable energy sources drives the growth of the wind turbine market. Major players in the wind turbine market are Enercon GmbH, Gamesa, General Electric, Goldwind, Guodian United Power Technology Company Ltd., Ming Yang, Sinovel Wind Group Co Ltd., Suzlon Energy Ltd., Vestas Wind Systems A/S, Nordex SE, Senvion, Northern Power Systems, Clipper, Bergey, Impsa, Hitachi Ltd., Vergnet, Xinjiang Goldwind Science And Technology Co Ltd., Eaton Corporation PLC, Windey Co Ltd., Dongfang Electric Corporation, Bilfinger Offshore Wind Energy, ZF Wind Power Antwerpen, Leitwind, Wobben, and LM Windpower. Technological enhancements are a key trend gaining popularity in the wind turbine market. The technology on the offshore direct drive platform allows for the re-use of most components from previous generations. In September 2022, Vestas, a Danish manufacturer of wind turbines, launched an onshore wind turbine tower with a hub height measuring 199 meters, the world’s tallest onshore tower. It is designed to be used by Vestas’ V172-7.2MW turbine. In January 2020, Siemens Gamesa, a Germany-based company that manufactures wind turbines and provides onshore and offshore wind services acquired Senvion for an undisclosed amount. This acquisition of Senvion Siemens Gamesa Renewable Energy’s Service Unit will strengthen its competitive position in Europe by adding approximately 9.0 GW serviced fleet and operations in 13 countries, and by increasing the total serviced fleet to approximately 69 GW globally. Senvion is a Germany-based manufacturer of wind turbines. Asia-Pacific was the largest region in the wind turbine market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in wind turbine market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the wind turbine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The wind turbine market consists of sales of single blade horizontal-axis turbines, two-blade horizontal-axis turbine, three-blade horizontalal-axis turbines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The wind turbine market research report is one of a series of new reports from The Business Research Company that provides wind turbine market statistics, including wind turbine industry global market size, regional shares, competitors with a wind turbine market share, detailed wind turbine market segments, market trends and opportunities, and any further data you may need to thrive in the wind turbine industry. This wind turbine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aircraft gearbox is the most important part of the transmission system of aircraft for varying rotational speeds and is essential to a functioning engine. Shafts connect the gearbox, and the internal arrangement of a gearbox determines the output torque and speed. The aircraft gearbox is used to increase output torque or to vary the speed (RPM) of a motor. An aircraft gearbox refers to a gearbox as a contained gear train, which is a mechanical part made up of a number of integrated gears housed in a housing. The major components in the aircraft gearbox are gears, housing, bearings, and others. Gear refers to a gear as a straightforward rotating device that typically contains teeth (cogs). The different aircraft types include civil aviation and military aviation. The major fits include retrofit and line fit and involve several gearbox types such as accessory, actuation, reduction, tail rotor, auxiliary power unit, and others. The several applications include engines and airframes. The global aircraft gearbox market is segmented - 1) By Component: Gear, Housing, Bearings, Other Components 2) By Aircraft Type: Civil Aviation, Military Aviation 3) By Fit: Retrofit, Linefit 4) By Gearbox Type: Accessory, Actuation, Reduction, Tail Rotor, Auxiliary Power Unit, Other Gearbox Types 5) By Application: Engine, Airframe The global aircraft gearbox market size grew from $2.97 billion in 2022 to $3.22 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aircraft gearbox market size is expected to grow to $4.24 billion in 2027 at a CAGR of 7.1%. An increase in air traffic is expected to propel the growth of aircraft gearboxes. An increase in air traffic refers to an increase in the number of people traveling by air, an increase in international tourism, and an increase in the demand for commercial aircraft for delivery. The rise in aviation traffic due to population and economic expansion has led to an increase in the demand for aircraft engines and parts, which drives the demand for the aircraft gearbox market. For instance, in May 2022, according to the IATA (International Air Transport Association), a Canada-based trade group for airlines, the total global air traffic in March 2022 increased by 76.0%. March traffic increased 425.44% compared to March 2021. Additionally, in March 2022, traffic for Asia-Pacific airlines increased by 197.1% compared to March 2021, outpacing the 146.5% increase seen in February 2022 over February 2021. Therefore, the increase in air traffic is driving the growth of the aircraft gearbox. Major players in the aircraft gearbox market are Liebherr, Safran S.A., Triumph Group, Aero Gear, CEF Industries, United Technologies Corporation, GE Aviation, Northstar Aerospace, Rexnord Aerospace, The Timken Company, AB SKF, PBS Velka Bites, Avion Corporation, The Boeing group, and Rolls-Royce. Technological advancement is a key trend gaining popularity in the aircraft gearbox market. Major companies in the aircraft gearbox market are focusing on research and developments to introduce technologically advanced aircraft gearboxes to gain a competitive advantage in the market. For instance, in March 2021, Rolls-Royce, a UK-based aerospace company officially commenced the designing of the largest aero-engine in the world ‘UltraFan’, that will enable sustainable air travel for decades in the future. UltraFan is a technologically advanced aircraft engine that will include an advanced 50MW Power Gearbox which is under design process in Dahlewitz, Germany. The 50MW Power Gearbox is a powerful efficient aircraft gearbox which can run 500 family cars. In June 2021, Airbus Helicopters, a French-based manufacturer of commercial aircraft, signed an agreement with ZF Friedrichshafen AG, a German-based company that provides technology to the automotive sector, to acquire ZF Luftfahrttechnik GmbH for an undisclosed amount. As a result of this acquisition, Airbus would increase its MRO (maintenance, repair, and overhaul) capacity. The fleet availability of the programs covered by the ZF Luftfahrttechnik product portfolio is also improved and maintained by this action. ZF Luftfahrttechnik GmbH is a German-based company that designs, develops, and manufactures transmission systems and gearboxes for helicopters and aircraft. North America was the largest region in the aircraft gearbox market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft gearbox market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the aircraft gearbox market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The aircraft gearbox market consists of sales of shafts, covers, helical gear boxes, planetary gear boxes, worm gear boxes, and crane duty gear boxes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The aircraft gearbox market research report is one of a series of new reports from The Business Research Company that provides aircraft gearbox market statistics, including aircraft gearbox industry global market size, regional shares, competitors with aircraft gearbox market share, detailed aircraft gearbox market segments, market trends, and opportunities, and any further data you may need to thrive in the aircraft gearbox industry. This aircraft gearbox market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Speed Changer, Industrial High-Speed Drive, And Gear refers to the process of manufacturing industrial high-speed drives (except hydrostatic), automotive power transmission equipment, gears and speed changers. The main types of speed changers, industrial high-speed drives, and gear manufacturing are speed changers and industrial high-speed drives and gears, pinions, racks, and worms. Speed changers and industrial high-speed drives and gears refer to those that manufacture fast chargers, and high speeds that are useful for smart phones. These are used in various applications such as industrial, manufacture, automotive and others. The global speed changer, industrial high-speed drive, and gear market is segmented – 1) By Type: Speed Changers and Industrial High-Speed Drives, and Gears, Pinions, Racks, and Worms 2) By Application: Industrial, Manufacture, Automotive, Other Applications" The global speed changer, industrial high-speed drive, and gear market size will grow from $61.24 billion in 2022 to $66.03 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of speed changer, industrial high-speed drive, and gear is expected to grow from $85.44 billion in 2027 at a CAGR of 6.7%. The growth in the Speed Changer, Industrial High-Speed Drive, And Gear market is due to the expansion of renewable energy resources across the countries and government initiatives in nations such as China and India. Major players in the Speed Changer, Industrial High-Speed Drive, And Gear market include Itw Spiroid, Gear Tec, Snyder Industries, Nuttall Gear, and Cycle Gear. The powder metal (PM) gear technology industry is being adopted by gear manufacturers to produce lightweight components that consume minimal power. Gears manufactured by powder metallurgy process are a cost-efficient alternative for the machined gears. It helps in reducing the inertia, and gear’s resistance to change, thereby offering high energy savings. Get Rag Ford, has invested in this technology to facilitate automatic transmissions. Asia-Pacific was the largest region in the Speed Changer, Industrial High-Speed Drive, And Gear market in 2022. The regions covered in this Speed Changer, Industrial High-Speed Drive, And Gear market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the Speed Changer, Industrial High-Speed Drive, And Gear market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The Speed Changer, Industrial High-Speed Drive, And Gear market includes revenues earned by producing quick chargers and high speeds suitable for smart phones. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The speed changer, industrial high-speed drive, and gear market research report is one of a series of new reports from The Business Research Company that provides speed changer, industrial high-speed drive, and gear market statistics, including speed changer, industrial high-speed drive, and gear industry global market size, regional shares, competitors with a speed changer, industrial high-speed drive, and gear market share, detailed speed changer, industrial high-speed drive, and gear market segments, market trends and opportunities, and any further data you may need to thrive in the speed changer, industrial high-speed drive, and gear industry. This speed changer, industrial high-speed drive, and gear global market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Power generation equipment is defined as electrical machinery apparatus used in the generation of electric power. Power transmission equipment helps to transfer energy from its source to a location where it can be used for any activity. Power control equipment is defined as devices that restrict or regulate steady-state currents. The main types of power generation, transmission and control equipment are transformer, electric motor and generator, switchgear and switchboard apparatus, relay, and industrial controls. A transformer is a device that converts electric energy from one alternating-current circuit to one or more other circuits by increasing (stepping up) or decreasing (stepping down) the voltage. The equipment is used for residential, commercial, automotive, and other applications by private and public end-use sectors. The global power generation, transmission and control equipment market is segmented - 1) By Type: Transformer, Electric Motor And Generator, Switchgear And Switchboard Apparatus, Relay And Industrial Controls 2) By Application: Residential, Commercial, Automotive, Other Applications 3) By End User Sector: Private, Public Subsegments Covered: Low Power Transformers (100 MVA to 500 MVA), Medium Power Transformers (501 MVA to 800 MVA), High Power Transformers (801 MVA to 1200 MVA), Electric Motors, Electric Generators, Switchboard, Switchgear, Relays, Industrial Controls The global power generation, transmission and control equipment market size grew from $516.88 billion in 2022 to $551.95 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The power generation, transmission and control equipment market is expected to grow to $691.37 billion in 2027 at a CAGR of 5.8%. The relay and industrial control industry is increasingly adopting SCADA (Supervisory control and data acquisition) systems to enhance process efficiency and productivity. SCADA systems are used to remotely control industrial processes such as power generation, fabrication, and refining through coded signals over cloud channels. The applications of these SCADA systems are expected to rise mainly due to their scalability, ease of upgrading, the emergence of global smart grid projects, and increased use of cloud technologies. The market is also benefitting from the high demand for energy and renewable resource projects. The SCADA systems market grew at a CAGR of 7.2% in 2020. Major companies in the power generation, transmission and control equipment market include Siemens AG, Schneider Electric SE, ABB Ltd., Nidec Corp, General Electric Company, Mitsubishi Electric Corp, Amphenol Corp, Legrand S.A., Toshiba Corporation and Hanwha. Asia-Pacific was the largest region in the power generation, transmission and control equipment market in 2022. Western Europe was the second largest region in the power generation, transmission and control equipment market. The regions covered in the power generation, transmission and control equipment market analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the power generation, transmission and control equipment market share are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The power generation, transmission and control equipment market consists of sales of low-power transformers, medium-power transformers, high-power transformers, electric motors, electric generators, switchboards, switchgear, relays, industrial controls, and other power generation, transmission and control equipment . Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this power generation, transmission and control equipment market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The power generation, transmission and control equipment market research report is one of a series of new reports from The Business Research Company that provides power generation, transmission and control equipment market statistics, including power generation, transmission and control equipment industry global market size, regional shares, competitors with a power generation, transmission and control equipment market share, detailed power generation, transmission and control equipment market segments, market trends and opportunities, and any further data you may need to thrive in the power generation, transmission and control equipment industry. This power generation, transmission and control equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Switchgear refers to a collection of switching devices that are used for controlling, protecting, and switching electrical circuits and equipment. Switchgears are used in various applications, such as transmission and distribution utilities, residential, commercial, and industrial. The main product types of switchgear are high voltage, medium voltage, and low voltage. The products are installed indoors and outdoors as gas-insulated switchgear (GIS), air-insulated switchgear (AIS), and others. Gas-insulated high-voltage switchgear (GIS) is metal-encapsulated switchgear that contains high-voltage components such as circuit breakers and disconnectors and can be safely operated in confined spaces. Extensions, city buildings, roofs, offshore platforms, industrial plants, and hydropower plants are all examples of places where GIS is used. The switchgear is used by residential, commercial, and industrial end-users. The global switchgear market is segmented - 1) By Product Type: High Voltage, Medium Voltage, Low Voltage 2) By End-User: Residential, Commercial, Industrial 3) By Insulation: Gas Insulated Switchgear (GIS), Air Insulated Switchgear (AIS), Other Insulations 4) By Installation: Indoor, Outdoor The global switchgear market size will grow from $78.4 billion in 2022 to $85.37 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global switchgear is expected to grow to $114.89 billion in 2027 at a CAGR of 7.7%. The demand for electricity generation is projected to drive the switchgear market. The availability of electricity has become essential for economic development and poverty alleviation. Development of industrialization, urbanization requires continuous electricity supply, and the reliability of the electrical supply depends heavily on the performance of the switchgear. Therefore, the demand for electricity generation is driving the demand for switchgear in the forecast period. For instance, global demand for electricity rises at 2.1% per year to 2040 in the Specified Policies Scenario, double the rate of primary energy growth by 2040. Major players in the switchgear market are Schneider Electric, Siemens AG, ABB, General Electric, Eaton Corporation, Hyosung, CG Power, Mitsubishi, Alstom SA, and Bharat Heavy Electricals Ltd. Unstable prices of raw materials are restraining the growth of the switchgear market. Price fluctuation is due to the availability of low-quality materials at cheaper prices. The use of low-quality products increases the risk of breakdown of insulation layers or short circuit conditions and other failures. Thereby inconsistent pricing in raw materials of the switchgear is expected to hinder the market growth. For instance, in May 2020, according to an article published by TTI, Inc., a US-based electronic company, the most expensive variable cost involved with the fabrication of passive electronic components is raw materials. The last few years witnessed a rising demand for installation of electric substations to restore normal power supply as fast as possible in case of emergencies. The installation of mobile substations enables the restoration of electricity under outdoor conditions or in unforeseen circumstances and is functionally designed to provide temporary power supplies as soon as possible. Also, these mobile substations incorporate generator, transformer, metal-clad switchgear, outdoor load break switches and breakers, which are used for network extensions, and temporary switching stations. For instance, Siemens delivered two mobile substations for national grid SA, and Aktif group delivered 10 mobile substations to the ministry of electricity Iraq. Therefore, increasing the adoption of mobile substations is one of the latest trends that will positively impact the switchgear market. In January 2020, Siemens Ltd., a Germany-based engineering and electronics company acquired C&S Electric Limited for Rs 2,100 crore (294.4 million). With this acquisition, Siemens aimed to cater to the demand for reliable and efficient power supply in India. C&S Electric Limited is an Indian-based switchgear and power equipment manufacturing company. Asia-Pacific was the largest region in the switchgear market in 2022. Western Europe was the second-largest region in the global switchgear market analysis. The regions covered in the global switchgear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the switchgear market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The switchgear market consists of sales of circuit breakers, control panels, fuses, generator control, metering panels, knife switches, time switches, and other switchgear. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The switchgear market is segmented into low voltage switchgear market (=1KV), medium voltage switchgear market (2KV - 36KV) and high voltage switchgear market (above 36KV). The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The switchgear market research report is one of a series of new reports from The Business Research Company that provides switchgear market statistics, including switchgear industry global market size, regional shares, competitors with a switchgear market share, detailed switchgear market segments, market trends and opportunities, and any further data you may need to thrive in the switchgear industry. This switchgear market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Construction lubricants are chemical compounds used in machinery and equipment to lower friction between surfaces in contact, consequently lowering the amount of heat generated while the movement on the surface. The main types of construction lubricants are hydraulic fluid, engine oil, gear oil, automatic transmission fluid (ATF), grease, and compressor oil. Hydraulic fluid functions as a medium for energy transfer or power transmission, as well as a lubricant and sealer. The fluids applied in various types of machinery, equipment, and across industries are called hydraulic fluids or hydraulic oils. Types of base oil for construction lubricants include synthetic oil and mineral oil. Construction lubricants are used in applications such as earthmoving equipment, material handling equipment, heavy construction vehicles, and others. The global construction lubricants market is segmented – 1) By Basis Type: Hydraulic Fluid, Engine Oil, Gear Oil, Automatic Transmission Fluid (ATF), Grease, Compressor Oil 2) By Base Oil: Synthetic Oil, Mineral Oil 3) By Application: Earthmoving Equipment, Material Handling Equipment, Heavy Construction Vehicles, Other Applications The global construction lubricants market size will grow from $12.06 billion in 2022 to $13.18 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global construction lubricants is expected to grow to $20.77 billion in 2027 at a CAGR of 12.0%. A rise in construction and mining activities is significantly contributing to the growth of the construction lubricants market. Construction lubricant is a substance that lowers friction between surfaces in contact, consequently lowering the amount of heat generated while the movement on the surface. Lubricating oil is largely used in marine engines, automobiles, and other machinery. For instance, the mining and construction equipment industry in India is likely to grow by 15-20% in the calendar year 2021 and 5-10% in the year 2022. The first quarter of 2021 is estimated to have reported a strong equipment demand growth of 45-50%, following a 10-12% contraction in FY2020. The global construction market size is expected to grow by $4.5 trillion between 2020 and 2030 to reach $15.2 trillion with $8.9 trillion in emerging markets in 2030. These factors are expected to significantly drive the construction lubricants market. Major players in the construction lubricants market are ExxonMobil Corporation, Royal Dutch Shell, Total Energies SE, China Petrochemical Corporation, Chevron Corporation, PetroChina Company Limited, FUCHS Petrolub SE, Lukoil, Sinopec, Phillips 66 Company, Morris Lubricants, Penrite Oil, Valvoline, Liqui Moly GmbH, ENI SPA, Addinol Lube Oil GmbH, Indian Oil Corporation, Bel Ray Company LLC., Gulf Oil India, and Totalenergies Se. The development of zinc-free (ashless) lubricants is a key trend in the construction lubricants industry. Construction lubricants are a type of lubricant used to reduce friction between moving parts or surfaces and to enhance the efficiency of the machines used in the construction industry. Lubricants with zinc levels that are too high have a history of leading to the corrosion of some metals, such as yellow metals, as they chemically attack the metal surfaces, along with environmental harm. Zinc-free lubricants, on the other hand, have an outstanding ability to prevent wear, rust, foam, oxidation, air, and water entrainment and provide excellent thermal stability. For instance, the formulation of the zinc-free lubricants reduces sludge by 85 to 99.5%, retains more viscosity, reduces metal wear by 04-06%, and extends the useful service life to at least twice that of the ZDDP-based hydraulic oil. On April 15, 2020, GP Global, an energy-to-agriculture conglomerate, acquired Nigeria-based Grand Petroleum’s lubricants assets for an undisclosed sum. The acquisition allows GP Global to strengthen its presence in Nigeria and West Africa. Through local manufacturing and a strong distribution network in Nigeria, the acquisition will position them as one of the fastest-growing global lubricants and base oil businesses. Grand Petroleum Inc., is an emerging oil and gas company that explores for and produces oil and gas on its properties located in Alberta, Canada. Europe was the largest region in the construction lubrication market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction lubricants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the construction lubricants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The construction lubricants market consists of sales of penetration lubricants, and dry lubricants. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The construction lubricants market research report is one of a series of new reports from The Business Research Company that provides construction lubricants market statistics, including construction lubricants industry global market size, regional shares, competitors with a construction lubricants market share, detailed construction lubricants market segments, market trends and opportunities, and any further data you may need to thrive in the construction lubricants industry. This construction lubricants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

An automotive gear refers to a spinning device with teeth that transmits torque by meshing with another toothed machine part or gear because of its ability to modify torque, speed, and direction of the power source. Gears are regarded as a key component in an automobile system that is used in various systems in automobiles. The main vehicle types of automotive gears market are passenger cars and commercial vehicles. The commercial car uses automotive gears that are designed to transport more than 15 people. A passenger car uses gears to transfer power from the crankshaft (the rotating axle that receives power from the engine) to the driveshaft, which then powers the wheels. These can be of various material types such as non-metallic gears and metallic gears. The automotive gear market consists of various products which are parallel shaft gears, spur gears, helical gears, rack and pinion gear, intersecting shaft gear, bevel gears, skew shaft gear, hypoid gear, worm gear, planetary gears. These products are used in applications such as transmission systems, steering systems, differential systems, and other systems. The global automotive gears market is segmented - 1) By Material Type: Non- Metallic Gears, Metallic Gears 2) By Vehicle: Passenger Car, Commercial Vehicles 3) By Product: Parallel Shaft Gears, Spur Gear, Helical Gear, Rack And Pinion Gear, Intersecting Shaft Gear, Bevel Gear, Skew Shaft Gear, Hypoid Gear, Worm Gear, Planetary Gears 4) By Application: Transmission System, Steering System, Differential System, Other System The global automotive gears market size will grow from $34.71 billion in 2022 to $37.08 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of automotive gears is expected to grow to $47.9 billion in 2027 at a CAGR of 6.6%. Increasing vehicle production is expected to propel the growth of the automotive gears market. With the rise in vehicle production, the demand for automotive gears will increase as it provides enhanced product durability and vehicle fuel efficiency. For instance, according to IBEF (India Brand Equity Foundation), an Indian Government export promotion agency, by 2026, the Indian automobile sector (including component production) is predicted to be worth between $251.4 and $282.8 billion. After recovering from the effects of the COVID-19 pandemic, the Indian auto sector is predicted to rise rapidly in 2021-22. Therefore, an increase in vehicle production drives the growth of automotive gears. Major players in the automotive gears market are GKN plc, Showa Corporation, ZF TRW, Bharat Gears Limited, IMS Gear, RSB Transmissions Ltd., Robert Bosch GmbH, ZF Friedrichshafen AG, GKN plc, Univance Corporation, American Axle & Manufacturing Holdings Inc., Dupont, Eaton, NSK Ltd., Linamar Corporation, Mitsubishi Group, Dana Holding Corporation, Altra Industrial Motion Corporation, Neapco Inc., Cone Drive, Dynamatic Technologies Limited, Franz Morat Group, Taiwan United Gear Co. Ltd., Universal Auto Gears LLP, Gleason Plastic Gears, AmTech International and AAM. As the automotive gears market expands, new developing trends in the sector are emerging to keep up with the technological advancements surrounding the market. For instance, in 2021 Swiss gear technology company, Humbel's high-precision gear technology one of the leading innovations in gearboxes and transmissions company has designed prototyping for individual special components like internal (ring gears) delivered in the form of flexible, fast, and reliable services that are used in things like e-axels and e-gears in the E-automotive vehicles. In February 2022, US based private equity company, MidOcean Partners acquired Cloyes for an undisclosed amount. Through this acquisition, MidOcean accelerates its growth in the auto aftermarket space and brings Cloyes into the portfolio of best-in-class auto aftermarket products and services MidOcean has invested. Cloyes is a North American designer, developer, manufacturer and distributor of timing drive systems and engine components for original equipment manufacturers and the automotive aftermarket. Asia-Pacific was the largest region in the automotive gears market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive gears market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive gears market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The automotive gears market consists of sales of torque converter, planetary gear set, output shaft, and clutch packs. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive gears market research report is one of a series of new reports from The Business Research Company that provides automotive gears market statistics, including automotive gears industry global market size, regional shares, competitors with a automotive gears market share, detailed automotive gears market segments, market trends and opportunities, and any further data you may need to thrive in the automotive gears industry. This automotive gears market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.