According to Gear Technology India, the gear industry globally is receiving a ‘significant boost with a flurry of new investments.’
Companies worldwide are recognising the crucial role gear manufacturers play in sectors from aerospace and automotive to robotics and mining.
The future is certainly one of growth. The valuation of the Global Industrial Gearbox Market was USD 27.01 billion in 2022 projected to reach USD 36.69 billion in 2030.
The investment will fuel advancements that will satisfy the demand for greater efficiency, durability, sustainability, precision and productivity.
So how what will these greater levels of investment be focused?
Prominent organisations in the gear industry are taking the opportunity to expand and invest.
So, what are they going to be investing in?
- As industrial robots become increasingly sophisticated the need for high-precision gears they will require has increased. Systems will be developed to seamlessly integrate with robotics.
- There will be a focus on energy efficiency to reduce power and environmental impact. Gear systems will be required to help reduce energy consumption.
- Increased focus on additive technology and additive manufacturing with 3D printing.
- Investing to answer the demand for increased precision, noise reduction and increased efficiency.
The impact of this investment cannot be overstated and will lay the foundations of a more efficient, sustainable and technologically advanced world.
The impact of this investment cannot be overstated and will lay the foundations of a more efficient, sustainable and technologically advanced world – read more.