Industrial Gearbox and Gear Motors Market Drivers and Industry Key Events

An industrial gearbox is an enclosed system that transmits mechanical energy to an output device. Gearboxes modify torque, speed, and other factors to convert the energy. They are used in a variety of devices and for a broad range of purposes. An industrial gear motor is an element that integrates a gear reducer. Gear motors can deliver high torque at low power and low speed. This is because of the gearhead function, which acts as a torque multiplier and allows small motors to generate higher torque. Most industrial gear motors use AC motors.

Advancements in technology over the past few decades have been driving advances in automation. They are encouraging the adoption of robots and industrial automation. The use of automation across all industrial sectors across the globe is increasing. The rate of adoption of automation is particularly high in the manufacturing sector. This is anticipated to become a driving factor for the industrial gearbox market during the forecast period. Robots and automation equipment are typically used in high-speed, repetitive tasks in manufacturing and other industries.

The world is increasingly becoming aware of artificial intelligence. AI technology is used in products such as driverless cars and mini drones that provide virtual assistance. This is expected to bring forth a large scale industrial revolution. Industries aim for the conversion of their facilities into ‘smart factories,’ where processes will be automated and the system will be in continuous sync with people, sensors, and devices via the Internet of Things.

Increase in demand for industrial gearbox and gear motors products can be mainly attributed to the rise in standard of living of consumers, especially in the developing countries. A positive shift toward more efficient industrial gearbox and gear motors is expected to have a significant impact on revenue growth of the industrial gearbox and gear motors market. Increase in demand for planetary gears for better torque and precise process is expected to boost the market.

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The industrial gearbox and gear motors industry is growing due to the shift toward renewable resources of energy, such as wind and solar, and is also expected to drive demand for industrial gearbox and gear motors, which are used for the construction of these renewable power generation units.

The gearbox and gear motors industry is highly competitive and the mechanical power transmission components market poses a challenging environment for its growth. Despite being traditional solutions, gearboxes and gear motors provide advantages such as familiarity, reasonable life, high reliability, reasonable cost, and universally serve most of the requirements of the industrial automation sector globally.

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Non-residential Air Handling Units Market Trends and Developments

• Industrial manufacturing or processing plants generate high levels of pollution due to high airflows. These pollutants are aggressive and affect people as well as machinery.
• Demand for air handling units in commercial and industries applications have increased due to increasing awareness about fire protection, cleanliness, ventilation control, and low noise levels.
• Advancement in ventilation systems along with the innovations in non-residential air handling units have increased the demand for products with higher capacity and low operation noise.
• Air handling units take in air, condition it, and regulate and circulate the air via ductwork. The capacity of the non-residential air handling unit depends on the structure of the premises, application, and nature of work in the premises.

Increasing Awareness Drives the Global Non-residential Air Handling Units Market

• Hospital and healthcare environments are very sensitive for medicines as well as patients. Hospitals have research labs, operation theaters, and wards. Operation theaters lay a high premium on cleanliness and ventilation due to strict regulations.

Growth in Number of Offices and Industries to Drive the Non-residential Air Handling Units Market

• Office buildings require good ventilation systems and heat recovery and supply of reheated air depending on the external conditions. Many of the offices generate excess heat produced by people, solar radiation, lighting, computers, and other equipment. Likewise, commercial buildings, manufacturing plants, and processing industries also generate high levels of pollutants. These aggressive pollutants can cause breathing issues, skin irritation, etc. Demand for non-residential air handling units has increased due to health standards and government regulations.

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North America to Hold Leading Share of the Global Non-residential Air Handling Units Market

• Geographically, the global non-residential air handling units market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
• North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the non-residential air handling units market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the non-residential air handling units market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America non-residential air handling units market is segmented into Brazil, and Rest of South America.
• North America dominates the market share due to consumer awareness about the advantages of the product. Constant technological advancement in the product and its accessories drives the demand for non-residential air handling units in the region.

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Silos Market: Future Scenarios and Business Opportunity Analysis 2027

• Silos are the large structures which are used to store different types of bulk material. They are generally used to store grains in farms. Silos are also used to store cement, pellets, coal, food products, animal feed, etc. Silos need to be manufactured under various standards and regulations and are constructed from steel or reinforced concrete. The agriculture industry requires bulk storage which drives the silos market globally.

Increase in Agricultural Activities to Drive the Global Silos Market

• The growth of the agricultural industry is expected to lead to increased use of silos. Silos enable the storage of bulk commodities such as agricultural products, animal feed, and many other materials. Increasing agricultural activities are projected to drive the global silos market during the forecast period. Silos are also used to store green grass or chopped corn to feed the livestock. Silos keep the feed moist, so animal feed can be used for a longer duration. Moreover, its use in other industries such as cement, industrial manufacturing, and food industry is also likely to drive the global silos market.

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Growth of Cement Industry to Fuel the Sales of the Global Silos Market

• Silos are used for storage of various materials which includes cement. The increase in construction activities indirectly boosts the silos market. Cement is the main product used in all construction activities. Large amount of cement is used at construction sites of various industries such as oil & gas, petrochemicals, historical sites, and residential construction. Silos are used to store industrial materials such as calcite, petrochemical materials, medicinal materials, minerals, pills, capsules, soda, perfumery chemicals, ash, coal, coal powder, plaster, glass powder, perlite, plastic, marble powder, granules, polyethylene, wood shavings, and activated carbon. The need for bulk storage has also increased gradually which drives the global silos market.

North America to Lead the Global Silos Market

• In terms of region, the global silos market is divided into North America, South America, Asia Pacific, Europe, and Middle East & Africa.
• North America includes country-level analysis for the silos market in Canada, U.S., and Rest of North America. Analysis and forecast of the silos market in Asia Pacific features India, China, Japan, and Rest of Asia Pacific. Similarly, Europe includes markets across the U.K., Germany, France, and Rest of Europe. Middle East & Africa includes the silos market analysis and insights for South Africa, GCC countries, and Rest of Middle East & Africa. The South America silos market is segmented into Brazil, and Rest of South America.

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• North America is likely to witness maximum demand for silos from 2019 to 2027.
• Leading manufacturers of silos have extensive distribution networks across the globe.

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Voltage Stabilizer System Market Revenue and Forecast up to 2024

The global voltage stabilizer systems market features a number of small and large players operating within regional markets as well as on an international level, making up for a market with an intense level of competition for market shares and growth opportunities, observes Transparency Market Research in a recent report. Companies determined to hold sway are focusing more on strategic collaborations, innovations, and expansion of their geographical outreach and product portfolios. Some of the leading companies in the market are Reinhausen Group, V-Guard Industries Ltd, Voltas Limited, Konar Group, and Siemens AG.

According to the report, the global market for voltage stabilizer systems will exhibit a promising 6.66% CAGR over the period between 2016 and 2024, rising to a revenue opportunity of US$25.39 bn by 2024 from US$14.11 bn in 2015.

Rising Interest in Building Automation in North America Provide Promising Growth Opportunities to Market

Of the key applications of voltage stabilizer systems covered in the report, the segment of building automation presently accounts for a significant share in the overall market and is expected to exhibit the fastest growth pace over the report’s forecast period. Applications of voltage stabilizer systems across the building automation area are expected to allow the global market a revenue opportunity of US$4.29 bn by 2024.

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Geographically, the market for voltage stabilizer systems in North America is expected to account for the dominant share of nearly 36% of the global market by the end of the report’s forecast period. Rising adoption of automation in residential as well as industrial spaces in the region will be the key to the increased demand for voltage stabilizer systems in the region in the near future.

Untapped Growth Opportunities in Power Distribution and Transmission Fields in Developing Economies to Drive Market

One of the key growth factors for the global voltage stabilizer systems market is the vast set of untapped growth opportunities in the field of power distribution and transmission in emerging economies of India, Russia, China, Brazil, and South Africa. The rising demand for regular electricity in these economies and the rising numbers of power distribution units to ensure reliable and efficient power supply are expected to play a key role in the potential positive expansion of the market over the next few years.

Furthermore, the market in developed economies is expected to benefit from increased demand for replacement and upgradation of outdated elements in power distribution networks and infrastructures. Moreover, the rising global consumption of consumer electronics products such as air conditioners, televisions, computers, and refrigerators is also expected to drive the market.

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However, the rising focus on energy conservation and increased adoption of renewable energy sources as a way of reducing the carbon footprint of the power sector globally could hamper the growth of the market to a certain extent, especially across developed countries in regions such as North America and Europe that feature stringent environment protection regulations. Furthermore, the well-established and highly efficient power distribution and transmission infrastructure in developed economies could act as a hindrance for the market by alleviating the need for voltage stabilizer systems.

This analysis of the global voltage stabilizer system market is based on a recent market research report by Transparency Market Research, titled “Voltage Stabilizer System Market (Application - Building Automation, HVAC System, Industrial (Other Power), Power Transmission and Distribution System, Communication Systems, and Consumer Electronics) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024.”

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Hydraulic (Industrial) Shock Absorbers Market: Facts, Figures and Analytical Insights, 2019 to 2027

• Industrial or hydraulic shock absorbers are used as hydraulic devices to slow down moving loads with minimal machine load. The speed slows down as the shock absorber is compressed.
• Hydraulic shock absorbers are designed to absorb 100% of shocks without any vibrations.
• Industrial or hydraulic shock absorbers work through a series of throttle bores or metering holes by restricting the flow of oil. The industrial shock absorber works on the principal of converting kinetic energy into thermal energy. In addition, when the piston rod is pushed into the cylinder, oil is displaced through the metering hole or throttle bore which are gradually closed off. Gradually, the speed decreases as the industrial shock absorber is compressed, providing the lowest possible reaction force.
• Industrial or hydraulic shock absorbers are highly suitable for reducing maintenance cost of machines in automotive, aerospace and defense, mechanical, and other industries, due to its light weight, faster speed, and easy installation.
• Hydraulic shock absorbers are designed to improve material handling applications with smoother operation and operator comfort. Some of the features of hydraulic shock absorbers include stopping any type of motion such as rotary, rolling, free-falling, sliding, and straight-line.
• Industrial shock absorbers are used to increase the life of machines or equipment, and also to provide a safe and healthy working environment for employees.

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Global Hydraulic (Industrial) Shock Absorbers Market – Dynamics

Key Drivers of the Hydraulic (Industrial) Shock Absorbers Market

• The global hydraulic (industrial) shock absorbers market is projected to expand in the near future due to the growth in the global automotive industry in developed and developing countries. Additionally, increasing demand for comfort in automobiles and for automobiles is projected to drive the growth of the industrial shock absorbers market over the next few years. Besides, hydraulic shock absorbers are used to enhance the controllability and drivability of luxury vehicles in rough road conditions.
• Furthermore, rising automation in factories, automotive, medical, and pharmaceutical industries is expected to drive the demand for hydraulic shock absorbers globally.
• The growing packaging and material handling industry across the world is projected to drive the growth of the hydraulic shock absorbers market. 

North America to Hold Significant Share of the Global Hydraulic (Industrial) Shock Absorbers Market

• North America is anticipated to constitute significant share of the global hydraulic (industrial) shock absorbers market during the forecast period due to expansion in automotive, and aerospace and defense industries in the region.  

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• Manufacturing industries in developed and developing countries are focusing on manufacturing components and parts using hydraulic (industrial) shock absorbers so as to provide a high operational safety margin. This in turn is one of the major factors expected to drive the global hydraulic (industrial) shock absorbers market in the next few years.
• The hydraulic (industrial) shock absorbers market in Europe is expected to expand significantly due to the rising growth of pharmaceutical and automotive sectors in the region.

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Portable Abrasive Blasters Market: Global Trends, Analysis and Forecast 2027

• Abrasive blasting, usually known as sandblasting, is used in the operation of pushing a stream of rough material against a surface. The operation is done under high tested pressure to shape a surface, remove surface contaminants, roughen a smooth surface, and smoothen a rough surface through compressed air or a centrifugal wheel. Besides, the operation is done on glass, metals, plastics, stone, and ceramics.
• A portable abrasive blaster is an industrial machine that works on the blasting principle, and consists of a blast generator. The abrasive material is filled on the topmost part of the machine when the blast generator is not pressurized and when the machine is not working.
• Portable abrasive blasters can be easily carried for onsite cleaning of towers, bridges, steel structures, buildings, pipes, and other large size components.
• Portable abrasive blasters are high productivity systems and safe, designed for use with a wide range of abrasive materials.

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Global Portable Abrasive Blasters Market – Dynamics

Drivers of the Global Portable Abrasive Blasters Market

• Increasing construction and maintenance activities are gaining momentum across the world, which in turn is expected to drive the global portable abrasive blaster market over the coming years.
• Portable abrasive blasters are extensively adopted in the manufacturing sector due to their design, which makes the operation easier without any human intervention in production facilities. This in turn is expected to fuel the global portable abrasive blaster market.   
• Rise in demand for packaging and shipping of goods and materials in developed as well as developing countries is one of the major factors that is likely to fuel the demand for portable abrasive blasters during the forecast period.
• Furthermore, one of the important factors accelerating the demand for portable abrasive blasters is the growing demand from the automotive industry. The automotive manufacturing segment is one of the largest consumers of portable abrasive blasters due to their application in painting of vehicles.  In addition, portable abrasive blasters are used to give a smoother finish to vehicles and to remove burrs, so as to give it the desired texture.

Restraint of the Global Portable Abrasive Blasters Market

• One of the major factors hampering the growth of the portable abrasive blasters market is growing use of automation. Rising concerns about safety and health of workers while executing blasting operations in outdoor construction and maintenance fields is a challenge to the growth and demand for portable abrasive blasting machines.

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North America to Hold a Significant Share of the Global Portable Abrasive Blasters Market

• North America is projected to hold a significant share of the global portable abrasive blasters market in the near future, due to growth of industries such as automotive, and aerospace & defense in the region. This is expected to drive the market in the region.
• High investments by governments in Asia Pacific to drive industrialization is projected to promote growth of the portable abrasive blasters market in the region in the near future.

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Riveting Equipment Market Dynamics, Segments, Size and Demand, 2019 – 2027

• Riveting is a technology used in fabrication processes. A riveting equipment is used for high-end joining of two components.
• Pressed, radial, and orbital are some of the well-known mechanisms used in the industrial sector. Among these, radial riveting is one of the significantly employed technologies, as it furnishes high-quality joints with less input force and reduced process duration.
• Automated riveting provides greater consistency, increases productivity and is also cost effective than manual riveting. 
• Prices of pneumatic riveting equipment are estimated to decrease in the next few years, which is attributable to emergence of battery-powered riveting equipment
• Higher efficiency of the pneumatic riveting equipment is likely to increase the replacement rate of the product. Though, the replacement rate is anticipated to be low for the aerospace industry in the next couple of years, as large scale companies have pre-installed infrastructure for use of pneumatic equipment.

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Global Riveting Equipment Market: Dynamics

• Rising demand from the metal processing sector is considered to be a key factor driving the global riveting equipment market
• Growing industrial activities and improvement in manufacturing and assembling processes in various end-user industries in different countries are expected to augment the demand for riveting equipment during the forecast period
• Growing concerns about effective and efficient operations, robust structure of riveting equipment, and precise operational accuracy of riveting equipment in metal-processing operations are expected to drive the global riveting equipment market during the forecast period
• Moreover, technological upgrade in the manufacture of riveting equipment and considerable growth of the industrial sector in East Asia and South Asia are expected to create immense opportunities for the global riveting equipment market during the forecast period 
• However, lack of skilled labor and proper training is expected to restrain the global riveting equipment market during the forecast period
• Moreover, high costs associated with development  of the riveting technology and time-consuming process for production of riveting equipment are anticipated to restrain the global riveting equipment market in the next few years.

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