Dallas, Texas (PRWEB) June 30, 2015
The new report Global Chain Drives Market 2015-2019 says, adoption of alternative drive technologies is one of the major trends in the market. Alternate technologies that are highly energy efficient, such as variable frequency and electric drives, will likely impact the demand for chain drives. These electric drives offer greater benefits and are becoming more popular among end-user industries, thereby impeding the growth of the chain drives market. The analysts forecast global chain drives market to grow at a CAGR of 3.27% over the period 2015-2019.
Global Chain Drives Market 2015-2019, the complete report of 60 pages is available at http://www.reportsnreports.com/reports/402941-global-chain-drives-market-2015-2019.html. The report provides 26 Exhibits to support the market research. The report sees an increased implementation of alternative driving technologies accelerating growth in the global chain drives market.
The Global Chain Drives Market can be segmented by end-users: construction and mining industry, industrial machinery industry, agriculture sector and others.
According to the report, the extensive use of chain drives has provided an opportunity for chain drive vendors to increase their sales through replacement. Improper maintenance of chain drives and rusty working conditions have created a need for replacement, driving demand for new drives. Many chain drive vendors in APAC, especially in China, are being acquired by European and North American manufacturers as a means of entering foreign markets and expanding their manufacturing operations in low-cost countries.
The many vendors are also enhancing their existing product portfolio through M&A, and some international vendors are forging strategic alliances and partnerships with local vendors to tap the growth potential of a particular country or region. The following companies are the key players in the Global Chain Drives Market: Chiaravalli Group, Renold plc, Rexnord Corp and Tsubakimoto Chain Co.
Other Prominent Vendors in the market are: Diamond Chain Company, Gates Corporation, Hangzhou Donghua Chain Group, Joh. Winklhofer Beteiligungs, Martin Sprocket & Gear, Suzhou Universal Group and Zhejiang Gidi industrial Chain.
Purchase a Copy of Global Chain Drives Market 2015-2019 report at http://www.reportsnreports.com/purchase.aspx?name=402941.
Market Driver: Growing Revenue from Replacement Activities
Market Challenge: Maturity of the Market
Market Trend: Adoption of Alternative Drive Technologies
The report states that chain have been used for decades, and the market for these devices is reaching maturity. Additional revenue from new fields are difficult to come by, which has led to a relatively stagnant growth rate.
Other Related Reports on Power Transmission:
Global Electric Transformer Market 2015- 2019 (http://www.reportsnreports.com/reports/400740-global-electric-transformer-market-2015-2019-.html): The analysts forecast global electric transformer market to grow at a CAGR of 5.90% over the period 2015-2019. China and the US each accounted for 20% of the total power generation capacity worldwide in 2014. In 2011, the global power generation capacity was roughly 5,550 million KW. China's capacity is set to increase by 3% YoY until 2035, which will encourage growth of the worldwide power generation capacity, as well. Since electrical transformers are required for effective power distribution, this bodes well for the overall transformer market.
Key Vendors: ABB, Alstom Grid, GE and Siemens
Other Prominent Vendors: Acme Electric, Altrafo, CELME, Crompton and Greaves, EREMU, GE Digital Energy, Hyosung Power & Industrial Systems Performance Group, Hyundai Heavy Industries, J Schneider Elektrotechnik, Layer Electronics, LS Industrial, MACE, Mitsubishi Electric, Ormazabal, Ruhstrat, SPX Transformer, Tebian Electric Apparatus Stock, Toshiba, XD Group and YangZhou Power Electric.
Market Driver: Replacement of Aging Transformers
Market Challenge: Effective Product Differentiation
Market Trend: Increase in Power Generation and Distribution Capacity
Global Power Transformer Market 2015-2019 (http://www.reportsnreports.com/reports/358810-global-power-transformer-market-2015-2019.html): The analysts forecast Global Power Transformer market to grow at a CAGR of 6.34 percent over the period 2014-2019.
Decreasing prices of raw materials is one of the key trends being witnessed in the market. Dipping prices of these two raw materials is expected to lead to reduced manufacturing costs, which will ease the burden on end-users such as the Utilities, Industrial, and Commercial sectors.
According to the report, the replacement of aging transformers with new ones is one of the major drivers of this market. This replacement cycle in the Americas and in Europe is propelling demand for power transformers. Replacing these aging transformers will also ensure efficient electricity networks.
The report recognizes the following companies as the key players in the Global Power Transformer Market: ABB Ltd., Alstom SA, GE Co. and Siemens AG.
Other Prominent Vendors in the market are: Crompton Greaves, Hyosung Power & Industrial Systems Performance Group, Hyundai Heavy Industries, Mitsubishi Electric, Tebian Electric Apparatus Stock, Toshiba and XD Group.
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