Industrial Gearbox Market Expected to Grow $31.90 Billion by 2023
The global Industrial Gearbox Market is expected to grow from an estimated $25.91 billion in 2018 to $31.90 billion by 2023, at a CAGR of 4.25% from 2018 to 2023. Increasing requirement for efficient energy gearbox and clean energy sources are driving the growth of the industrial gearbox market. The increasing automation in manufacturing technology is facilitating the growth of the...
Latest Strategic Acquisition in Power Plant Control System Market
Power Plant Control System Market is projected to reach USD 10.2 billion by 2026 from an estimated USD 7.2 billion in 2021, at a CAGR of 7.3% during the forecast period. The growing need for zero downtime power supply solutions for critical power applications is the major driver of the rotary or power plant control system market. The advantages of rotary UPS such as high efficiency, fewer space...
Industrial Gearbox Market expected to reach $31.90 Billion by 2023
The global Industrial
Gearbox Market is expected to grow from an estimated $25.91 billion in 2018
to $31.90 billion by 2023, at a CAGR of 4.25% from 2018 to 2023. Increasing requirement for efficient energy
gearbox and clean energy sources are driving the growth of the industrial
gearbox market. The increasing automation in manufacturing technology is
facilitating the growth of the industrial...
DC Drives Market Growing due to Rapid Urbanization and Industrialization
DC drives are electric devices used in DC motors for regulating its speed by controlling the input voltage or amperage or both to the DC since they tend to consume a huge chunk of power that is supplied to industries, thereby adding to the operational costs. It helps in reducing operational costs by reducing the energy consumption, thus increasing the service life of the motor. With increasing focus...