| | NOVEMBER 20228From large satellite dishes to precision medical devices, gearboxes boost torque and reduce speed for servos in order for them to be sized more efficiently. While gearbox fundamentals haven't changed much over the past 20 years, their effectiveness has improved significantly.Today, global manufacturers are increasingly utilizing an increasing amount of automation, to fulfill the growing demands for quicker, better, and more affordable manufacturing. The Business Research Company predicts that the size of the worldwide industrial gearbox market will increase at a compound annual growth rate (CAGR) of 4.3 percent, from $27.26 billion in 2021 to $28.42 billion in 2022. At a CAGR of 4.6 percent, the industrial gearbox market is anticipated to reach $33.96 billion in 2026. The market for industrial gearboxes has been significantly stimulated by the growing use of industrial automation. Industrial automation systems are computerized systems that control and keep an eye on a procedure, machine, or other equipment while it carries out repetitive tasks. According to the study, they are made to function independently in order to decrease and enhance the use of human labor in the workplace.Automation being one, other trends like additive manufacturing, sensors, energy-efficiency have significantly FOUR EMERGING TRENDS IMPACTING INDUSTRIAL GEARBOX MARKETTHE PANORAMA
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