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Helical Gearboxes Uplift Prospects for Gearbox and Geared Motor Market: F&S Print E-mail
Written by Vijay   
Wednesday, 03 August 2011
Mumbai: The Indian gearboxes and geared motors market is poised to grow at a compound annual growth rate of (CAGR) of 17.3 percent over 2010-11 to 2017-18. India’s GDP growth of 8 to 9 per cent and continued government’s thrust on infrastructure and urban development projects are expected to translate to a high growth in the end user industries Including metals and mining, cement, power, water supply, and wastewater treatment.

With advantages such as greater efficiency, compact build, lower operating costs and longer lifetime, planetary gearboxes are expected to witness a surge in demand over the coming years.

According to Frost & Sullivan analyst, “Helical gearboxes are known for their reliable design and effective, efficient performance . The different variations of helical designs, such as helical inline, helical parallel shaft and the faster growing helical bevel, make this technology suitable for a broad range of applications, thus ensuring sustained demand.”

The Planning Commission’s infrastructure-related investment projection for the XI five-year plan (INR 20,271,000.0 million) and its impact on the growth of heavy industries is expected to spur the growth of Indian gearboxes and geared motors market. Continued acceptance of helical technology has enabled these gearboxes to dominate the market for gearboxes and geared motors in India.

New analysis from Frost & Sullivan, Strategic Analysis of the Indian Gearboxes and Geared Motors Market, finds that the market earned revenues of about INR 17,087.0 million during 2010-11 and is expected to become an INR 52,076.0 million market by 2017-18.

The development of alternative technologies to geared motors has a considerable impact on overall adoption in the Indian gearboxes and geared motors market. Products such as alternating current (AC) variable speed drives/ variable speed motors have been eliciting greater interest from end users; especially from those using low powered geared motors.

End-users’ changing preference for variable speed drives/motors poses a threat to the growth of the gearboxes and geared motors market. This substitute eliminates the need for a gearbox, with the electric motors being controlled precisely by electric AC drives. While the high prices of the AC drives are a restraint, the trend toward integrated systems will increase the demand for variable speed drives. This situation is expected to change only if the geared motor manufacturers increase their focus on product advances and provide enhanced service offerings at competitive prices.

Factors such as relatively inefficient worm gears technology, presence of unorganized manufacturers, and delay/cancellation of government-aided projects due to political instability are other growth bottlenecks in this market.

Traditionally the top five companies have dominated the Indian gearboxes and geared motors market. However, the market environment is changing significantly with increasing competition from low-cost Tier II and Tier III competitors. The market has also witnessed the entry of several multinational companies especially from Europe.
Smaller participants concentrate more on customized gear box markets in a bid to create a niche for themselves. End-users’ growing penchant for faster ROI will drive the gravitation toward integrated solutions.
“Participants must improve the awareness levels of the end-users with regard to energy efficiency and help them understand the cost-benefit parameters associated with the possible induction of newer, efficient technologies,” says the analyst. “Lobbying for enforcement of certain regulations which mandate the adoption of such effective and efficient technologies will help better the situation.”

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