Press release
Gear Reducer Market Driven by Increasing installation of wind turbines worldwide
Gear-Reducer
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Increasing installation of wind turbines worldwide is driving growth of the market
Increasing installation of wind turbines worldwide is one of the major factors driving growth of the gear reducer market. Gear reducer is used in wind turbines for controlling the speed of motor with which power is transmitted. The primary purpose of gear reducer is to multiply the amount of torque generated by an input resource, in order to achieve the desired output from the wind turbine.
Global Gear Reducer Market: Key Trends
One of the key trends of the market is the launch of magnetic gear reducer, which is expected to drive growth of the market over the forecast period. A magnetic gear reducer uses a permanent magnet to transmit torque from an input shaft to an output shaft without mechanical contact.
Global Gear Reducer Market: Regional Insights
The gear reducer market in Asia Pacific is expected to grow at highest CAGR during the forecast period (2018-2026). Rising number of wind power producing projects in emerging economies such as India, China, and Japan is one of the major factors driving growth of the market.
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Global Gear Reducer Market: Competitive Landscape
Key players operating in the global gear reducer market include IPTS, Inc., NORD Drivesystems, Altra Industrial Motion Corp., Apex Dynamics, Inc., Ondrives.US Corporation, Siemens, Li Xiang Mach & Elec Co., Ltd, JVL Industri Elektronik, Boneng Transmission Co., LTD, Zhejiang Ever-Power Transmission Co. Ltd., FIXEDSTAR, and HBReducer.
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