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Mechanical power is the transfer of energy from the source of production to the use of simple equipment, connectors, and mechanical transmitters. Benefit of mechanical power transmission equipment are transmit power effectively, the elements assist in dividing and distributing the source of power to run various mechanisms such as multiple conveyor belts and single motor running to change circular motion speeds, reverse the moving direction from the motor, change movements into linear motion and its reciprocal.
Market Scope and Structure Analysis
The mechanical power transmission equipment market is divided based on type, application, and region. Types of this market are chain drive, gear drive, hydraulic transmission, and other. Based on application, it is categorized as transportation industry, aerospace, automotive and defense, power industry, and others. Based on region, the market is analyzed across North America, Asia-Pacific, LAMEA, Europe. Asia-Pacific has been the largest region in the world of mechanical power transmission equipment, accounting for 50% of the market by 2020. Europe was the other largest area at more than 25% of the global market. Africa was the smallest region in the market for power transmission devices.
COVID-19 Impact analysis
Top Impacting Factors
The miniaturization of lasers ensures the mobility of the device, and this is expected to be a key factor in driving the global mechanical power transmission equipment market at the time of the weather. however, the decline in the power of laser beams raises doubts among manufacturers to use laser transmitters, thus blocking the mechanical power transmission equipment market at the laser level.
The increase in the manufacture of green cars supported by government efforts will promote a large portion of the population to invest in vehicles run electrically and replace fuel-efficient vehicles, thus driving the market for power transmission market in the coming time, a major supplier of metal car parts to car manufacturers.
Magnetic gears are increasingly being adopted in this industry. Magnetic gears do not touch each other physically, making them 99% or more efficient. Magnetic gear eliminates the need to use any conveyor oil. With less sensitive work environment, gears are more reliable and require less maintenance. The technology also helps prevent damage in the event of an overflow of automatic torque, which means that when the overflow torque is removed, the gears automatically regenerate.
Market Trends
Key Benefits of the Report
Mechanical Power Transmission Equipment Market Report Highlights
Aspects | Details |
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Key Market Players | Torotrak, Gardner Denver, ABB, Ingersoll-Rand, Timken, Illinois Tool Works, Lufkin Industries, SKF, Graham Corporation, Altra, Zebra Technologies |
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