Power Transmission Engineering Market- By Type , By Geography - Forecast (2024 - 2030)

 

Power Transmission Engineering Market Size is forecast to reach $ 62,426.4 Million by 2030, at a CAGR of 5.4% during forecast period 2024-2030.Gears, chain and belt drive will further increase the power transmission engineering market. The chain and belt drives are the power generation source in power transmission engineering. They leverage as a media for converting the mechanical energy into work. Belts and gear drives are useful for all the power source generation components such as motors, gears, conveyors. 

 

Power Transmission Engineering are the transmission system which provides controlled power to the system. Gears and gear train provide the speed and torque conversion from rotation power source to another device. The power transmission engineering consist of different components such as couplings, gear, chain drive, belt drive, motors, pumps, clutch, conveyors and bearings. These components have their own specified working principle. They convert the generated power with help of belts and sprockets into linear motion. The belt and chain drive transfer the power from different source to system by providing the connecting medium. These components reduces the friction and generates the smooth motion between two power transmission components. Thus providing the mechanical energy to perform work at easier pace. 

 

The application sectors of Power Transmission Engineering are automobile, power generation, aerospace, food processing, communications, medical equipment and agriculture. 

 

 

 

• One of the current trends in the Power Transmission Engineering are the usage of Polyoxy methylene plastic material for gear manufacturing. The Polyoxy methylene plastic offers high stiffness, low friction and dimensional stability. Polyoxy methylene plastic is a proven gear material which can be essentially applicable in automobile for powering the car windows and seats. The plastic gear abolish the friction and lubrication process as these gears resist in generation friction than metal counterpart. The industries has begun producing plastic gears for larger applications. The heat is one of the concern for impacting the implementation of plastic gears as at some point the plastic can get melt if it comes in contact with heat. Gear train in automobile cannot be replaced with metallic gear train as the gear in the automobile is enclosed inside the engine where presence of huge amount of heat can be noted. 
• Polyether ether ketone an organic resin which is semi crystalline thermoplastic can be imparted inside the engine to replace the metallic gear train as it has excellent mechanical and chemical property to retain the high temperature. As this is under Research and development face the implementation can take longer period of time.  

 

The companies referred in the market research report are AmTech International, Wire Belt Corporation Organization and 10 other companies.

 

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

 

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• Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
• Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
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• Analyze the sales and distribution channels across key geographies to improve top-line revenues.
• Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes. 
• Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years. 
• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market. 

Key Market Players:

The Top 5 companies in the Power Transmission Engineering Market are:

1. AmTech
2. Wire Belt Company 
3. Altra Motion
4. ABB
5. Rexnord 

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