Market Overview:
The global industrial power transmission components market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for industrial machinery and non-motor transport equipment across the globe. Additionally, the growing awareness about energy efficiency is also propelling the demand for industrial power transmission components. The global industrial power transmission components market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into industrial transmission chains, connecting chains, and large transmission chains. The application segment includesindustrial machinery, non-motor transport equipment,, and other applications such as material handling systems and agricultural equipment,. Geographically speaking,, North America dominates this market followed by Europe., Asia Pacific is projected to grow at a highest CAGR duringthe forecast period owing to rising investments in manufacturing sector in countries such as Chinaand India.
Product Definition:
An industrial power transmission component is a device that helps to transmit power from one place to another. They can be used in a variety of settings, including factories, mills, and other industrial facilities. The importance of these components lies in their ability to help power machinery and other equipment. Without them, factories would not be able to function properly and produce the products that are necessary for everyday life.
Industrial Transmission Chains:
Industrial transmission chains are used in power transmission components such as sprockets, reduction gears, and drives. They are also used in industrial engines that drive the pumps & compressors of manufacturing plants. Transmission chains reduce the engine speed to obtain low gear ratio which reduces fuel consumption and increases efficiency of the system. The product is manufactured using materials such as steel & aluminum with a variety of coatings offered depending upon end-use applications.
Connecting Chains:
Connecting chains are used in industrial power transmission components such as belts, pulleys and gear systems. They are also used in the manufacturing of drive shafts, which is further processed and utilized across several industries including automotive & transportation, construction equipment and material handling. Connecting chains can be segmented on the basis of application into three categories namely automotive & transportation (drive shafts), industrial power transmission components (belts/pulleys) and construction equipment & material handling (gear systems).
Application Insights:
The other application segment includes industrial robotics, heavy machinery, marine and land transport equipment. The demand for power transmission components in this segment is expected to grow at a significant rate over the forecast period owing to the growing use of industrial robots across various industries including automotive and manufacturing. Industrial robots require electric motors that can be connected through an industrial power transmission chain in order to drive the robot along with its attached tools or devices.
Industrial machinery accounted for more than 50% of total market share in 2017 on account of high product penetration which has enabled manufacturers to design robust products suitable for harsh environments and demanding applications such as oil & gas processing plants, chemical plants among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of industrial power users, which has led to an increase in demand for industrial power transmission components. China, India, Japan, South Korea and Taiwan are some of the largest consumers of these products owing to their heavy investments in manufacturing facilities as well as extensive usage of motorsports vehicles across various industries.
The Asia Pacific regional market is also characterized by rapidly expanding manufacturing sector along with increasing adoption of electric motor-driven equipment across numerous industries such as oil & gas; chemicals; metal processing; food & beverage etc., thereby driving industry growth. In addition, rising awareness regarding energy conservation and emission control standards within various countries such as China and India are further anticipated to propel industry growth over the next eight years.
Growth Factors:
- Increasing demand from the automotive and transportation sector
- Growing investments in renewable energy sources
- Rising need for electricity globally
- Rapid industrialization and urbanization in emerging economies
- Technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Power Transmission Components Market Research Report
By Type
Industrial Transmission Chains, Connecting Chains, Large Transmission Chains
By Application
Industrial Machinery, Non-Motor Transport Equipment, Other
By Companies
Tomkins plc, Tsubaki, General Electric, Eaton, Emerson, Valcor Engineering Corporation, Timken, Rexnord Corporation, Smiths Group, Allison Transmission Home, Amsted Industries, Hutchinson, Colfax Corporation, Tebian Electric, Rockwell Automation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Power Transmission Components Market Report Segments:
The global Industrial Power Transmission Components market is segmented on the basis of:
Types
Industrial Transmission Chains, Connecting Chains, Large Transmission Chains
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Machinery, Non-Motor Transport Equipment, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tomkins plc
- Tsubaki
- General Electric
- Eaton
- Emerson
- Valcor Engineering Corporation
- Timken
- Rexnord Corporation
- Smiths Group
- Allison Transmission Home
- Amsted Industries
- Hutchinson
- Colfax Corporation
- Tebian Electric
- Rockwell Automation
Highlights of The Industrial Power Transmission Components Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Transmission Chains
- Connecting Chains
- Large Transmission Chains
- By Application:
- Industrial Machinery
- Non-Motor Transport Equipment
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Power Transmission Components Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial power transmission components are used to transmit electricity from a generating plant to an end user. Transmission lines, switches, and transformers are all common industrial power transmission components.
Some of the major companies in the industrial power transmission components market are Tomkins plc, Tsubaki, General Electric, Eaton, Emerson, Valcor Engineering Corporation, Timken, Rexnord Corporation, Smiths Group, Allison Transmission Home, Amsted Industries, Hutchinson, Colfax Corporation, Tebian Electric, Rockwell Automation.
The industrial power transmission components market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Power Transmission Components Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Power Transmission Components Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Power Transmission Components Market - Supply Chain
4.5. Global Industrial Power Transmission Components Market Forecast
4.5.1. Industrial Power Transmission Components Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Power Transmission Components Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Power Transmission Components Market Absolute $ Opportunity
5. Global Industrial Power Transmission Components Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Power Transmission Components Market Size and Volume Forecast by Type
5.3.1. Industrial Transmission Chains
5.3.2. Connecting Chains
5.3.3. Large Transmission Chains
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Power Transmission Components Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Power Transmission Components Market Size and Volume Forecast by Application
6.3.1. Industrial Machinery
6.3.2. Non-Motor Transport Equipment
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Power Transmission Components Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Power Transmission Components Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Power Transmission Components Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Power Transmission Components Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Power Transmission Components Demand Share Forecast, 2019-2026
9. North America Industrial Power Transmission Components Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Power Transmission Components Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Power Transmission Components Market Size and Volume Forecast by Application
9.4.1. Industrial Machinery
9.4.2. Non-Motor Transport Equipment
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Power Transmission Components Market Size and Volume Forecast by Type
9.7.1. Industrial Transmission Chains
9.7.2. Connecting Chains
9.7.3. Large Transmission Chains
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Power Transmission Components Demand Share Forecast, 2019-2026
10. Latin America Industrial Power Transmission Components Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Power Transmission Components Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Power Transmission Components Market Size and Volume Forecast by Application
10.4.1. Industrial Machinery
10.4.2. Non-Motor Transport Equipment
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Power Transmission Components Market Size and Volume Forecast by Type
10.7.1. Industrial Transmission Chains
10.7.2. Connecting Chains
10.7.3. Large Transmission Chains
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Power Transmission Components Demand Share Forecast, 2019-2026
11. Europe Industrial Power Transmission Components Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Power Transmission Components Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Power Transmission Components Market Size and Volume Forecast by Application
11.4.1. Industrial Machinery
11.4.2. Non-Motor Transport Equipment
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Power Transmission Components Market Size and Volume Forecast by Type
1.7.1. Industrial Transmission Chains
11.7.2. Connecting Chains
11.7.3. Large Transmission Chains
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Power Transmission Components Demand Share, 2019-2026
12. Asia Pacific Industrial Power Transmission Components Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Power Transmission Components Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Power Transmission Components Market Size and Volume Forecast by Application
12.4.1. Industrial Machinery
12.4.2. Non-Motor Transport Equipment
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Power Transmission Components Market Size and Volume Forecast by Type
12.7.1. Industrial Transmission Chains
12.7.2. Connecting Chains
12.7.3. Large Transmission Chains
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Power Transmission Components Demand Share, 2019-2026
13. Middle East & Africa Industrial Power Transmission Components Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Power Transmission Components Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Power Transmission Components Market Size and Volume Forecast by Application
13.4.1. Industrial Machinery
13.4.2. Non-Motor Transport Equipment
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Power Transmission Components Market Size and Volume Forecast by Type
13.7.1. Industrial Transmission Chains
13.7.2. Connecting Chains
13.7.3. Large Transmission Chains
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Power Transmission Components Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Power Transmission Components Market: Market Share Analysis
14.2. Industrial Power Transmission Components Distributors and Customers
14.3. Industrial Power Transmission Components Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Tomkins plc
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Tsubaki
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. General Electric
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Eaton
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Emerson
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Valcor Engineering Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Timken
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Rexnord Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Smiths Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Allison Transmission Home
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Amsted Industries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hutchinson
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Colfax Corporation
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Tebian Electric
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Rockwell Automation
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
