San Jose, California (PRWEB) September 05, 2013
Follow us on LinkedIn – Over the next five weeks, GIA will complete an extensive secondary and primary research program involving some of the industry’s leading players and experts. The study will examine key drivers and trends impacting the market such as the shift towards automatic transmission technology in the automotive industry; growing focus on developing products with superior performance features; rising popularity of hydraulic drives in the industrial sector; and increasing preference for flexible drive systems in aerospace applications. Another key emerging trend in the market is the growing popularity of energy efficient drive systems fuelled by the acute level of environmental awareness among end-use industries, spiraling cost of energy, and higher costs of maintenance associated with inefficient drive systems.
World market for gears, drives and speed changers is expected to witness strong growth driven by robust motor vehicle production and industrial output in developing countries, rebounding manufacturing activity in developed economies, and continuous shift towards energy efficient gear units. Also driving growth in the market is the emergence of new end-use sectors like wind energy. Gear and drive systems for wind turbines are expected to witness encouraging growth in the coming years, benefiting largely from the increase in wind farm establishments. The automotive industry is expected to continue to remain the primary driving force in the market. However, competition from alternate technologies such as Continuous Variable Transmission (CVTs) that do not employ gears for transmission of engine power to wheels will threaten the use of gears in this sector.
Growing focus on automation in the manufacturing industry will create opportunities for drives, particularly servo drives and low power AC drives. Direct hydraulic drives will increasingly replace traditional electro-mechanical drives in agitators, process mixers as well as other process devices due to their capability to eliminate the necessity of gearboxes and also due to their ability to save space. Technology developments will continue to benefit the market. Most R&D projects will be focused on improving the operational performance and reliability of gear and drive systems. This is primarily because gear and drive systems are increasingly being operated at higher speeds, torque, and power densities, thus requiring these systems to withstand high operating temperatures, thermal stress, and loads.
The study estimates Gears, Drives, and Speed Changers to be a multi-billion dollar market worldwide, while more precise market-size and growth projections for a 14-year period will be made available during the 2nd stage of report update, and data analysis.
The research and analyses will be released in the next 5 weeks in the form of a comprehensively updated research report. The report by design, will attempt to provide exhaustive analysis, data, trends, market share, market size, statistics, forecasts and competitive intelligence. The report is modeled to offer precise and unbiased, actionable market insights including in-depth segmentation of market sub-sectors, demand estimates and projections and analysis of trends in each of the sectors, identification of leading players, and the competitive structure, among others.
Developed for Manufacturers, Vendors, Strategic Planners, Business Development Executives, Management Consultants, Investment Bankers, Consulting Firms, Marketing & Sales Executives, C-Level Decision Makers, Market Strategists and Technology Domain Experts, the report helps identify the biggest opportunities in this space and offers accurate latent demand forecasting that empowers quantitative decision making among existing market players and new entrants.
For more details about how you can participate, please click here.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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