Global industrial gearbox market to reach $43.6 Bn by 2025

By OEM Update Editorial November 10, 2020 2:08 pm IST

The global market for industrial gearbox is projected to reach US$43.6 billion by 2025, driven by increasing adoption of energy-efficient and high-performance gearboxes, a recent research report by Research and Markets said.

Mechanical power transmission is vital in powering industrial automation equipment. Gearboxes are used to increase torque while reducing speed and deliver power in various combinations of speed and torque. Several types of gearbox designs are popular i.e. helical gearbox; coaxial helical gearbox; bevel helical gearbox; worm reduction gearboxes; planetary gearbox.

Bevel and helical type gearbox are preferred in the cement industry, while pinion and planetary gearboxes are preferred in the steel industry which uses heavy, hard wearing machines. The present day gearboxes are capable of processing electric motor power causing minimum mechanical losses through utilisation of gear optimisation micro-geometries, refined bearing arrangements, superior gear machining methods, as well as advanced lubrication. Such technological developments are widely accepted and vital for providing contemporary power drive solutions.