Engineered Gearbox and Drives Market Size, Share, Trends, Analysis and Forecasts To 2021
Market Research analysts forecast the global engineered gearbox and drives market to grow at a CAGR of 4.08 % during the period 2017-2021.
According to the report, one of the major drivers for this market is increased demand for engineered solutions in power industry. The power industry operates in a rugged environment, which requires continuous and uninterrupted functioning of components such as turbines and fans that are driven by industrial gearbox and drives. We observe that the estimated operational life of a gearbox and drive used in the power industry usually does not extend beyond seven years due to high environmental stress and loading.
Download Sample Report @ https:// marketreportscenter. com / request-sample / 507696
Further, the report states that one of the major factors hindering the growth of this market is continued use of standard off-the-shelf gearbox and drives. Customized gearbox solutions are in demand due to several factors like nature of plant design, capacity, machinery functionality, and individual end-user requirements; however, off-the-shelf gearbox and drives continue to dominate the market.
About Engineered Gearbox and Drives
Engineered gearbox and drives are customized / tailor made as per end-user requirements and specifications. They are either manufactured by modifying the components of standard off-the-shelf gearbox and drives or designed and built from scratch.
Complete Report Details @ https:// marketreportscenter. com / reports / 507696 / global-engineeredgearbox-and-drives-market-2017-2021
Covered in this report
The report covers the present scenario and the growth prospects of the global engineered gearbox and drives market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of engineered gearbox and drives.
The market is divided into the following segments based on geography: Americas APAC