Industrial Gearbox Market is Expected to Reach Over CAGR of 4.40 % During the Period 2016-2020 : Radiant Insights , Inc
“ China had about 230 million patients suffering from cardiovascular problems and 114 million from diabetes in 2014 . Furthermore , the number of cardiovascular cases will increase by 50 % from 2010 till 2030 ”
About Industrial Gearbox
A gearbox is a mechanical box that transmits energy from one device to another to reduce speed and generate torque . A gearbox assembly includes various components such as gears , shafts , bearing covers , bearing keys , oil rings , and oil seals . Among all the industrial gearboxes available in the market , the planetary gearbox segment has seen a recent surge in demand due to increasing awareness of alternate sources of energy .
The global industrial gearbox market to grow at a CAGR of 4.40 % during the period 2016-2020 .
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