Technavio’s latest market research report on the global engineered gearbox and drives market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021.
The top three emerging market trends driving the global engineered gearbox and drives market according to Technavio industrial automation research analysts are:
- Use of 3D printing for engineered gearbox and drives component manufacture
- Provision of attractive financing options
- Growth of equipment rental business
Use of 3D printing for engineered gearbox and drives component manufacture
Additive manufacturing, also known as 3D printing is a rapid and cost-efficient manufacturing process that enables the creation of accurate 3D objects by processing data from a digital file. The level of precision and accuracy achieved by 3D printing is beneficial in building engineered/customized gearbox and drives, which have highly complex designs and requirements. The 3D printing of engineered gearbox and drives eliminates the need for time-consuming processes such as forging, molding, and sculpting. Ultrascale is supplying engineered gearbox and drives to industries such as cement, mining and metal processing, paper and pulp, and automotive.
Sensors in gearbox and drives
The average lifespan of an industrial gearbox and drives is around 30,000 operational hours, which will decline significantly in the presence of ineffective designs, misalignment, vibration, load stress, improper lubrication, and imbalance of speed and torque. Predictive maintenance is an effective strategy to ensure the effective functioning and maximum utility of any device in industrial applications. The introduction of sensors in gearbox and drives will greatly enhance the ability of operators to monitor gearbox and drive components and inform them of impending failure. This facilitates early remedial measures, timely repair, prevents damage, and lowers the overall maintenance expenditure.
Introduction of magneto gearbox and drives
Magnetic principles and components find widespread use in electric motors and non-contact drive couplings. R&D in the industrial applications of magnets may help magnets replace mechanical gears in power transmission systems. The University of Sheffield in the UK has been exploring this avenue for a decade, by creating a spin-off called the Magnomatics company in 2006. The company has successfully created a high-torque magnetic gear that offers reduced maintenance, improved reliability, and eliminates the need for lubricants. Technavio expects that the further growth and expansion of this technology will drive the market from 2018 onwards.