| | NOVEMBER 20228The global Mechanical Power Transmission Equipment market is expected to grow from $54.58 billion in 2020 to $56.91 billion in 2022 at a Compound Annual Growth Rate of 4.3 per cent. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact. "Increasing demand for optimum performance and trouble free operation of the equipment's in various end use industries are assisting the demand for the mechanical power transmission equipment", says Pritesh Shah, CEO, Power Transmission Engineers. Various types of mechanical power transmission products are available in the market such as chains, belts, couplings, pulleys, sprockets, and more. These products provide various advantages which include reduced noise and vibration levels, increased output and reduced replacement and repair costs, lower energy consumption, and mp.Magnetic GearsMagnetic gears are being increasingly adopted in the mechanical power transmission equipment industry. Magnetic gears are physically contact-less, which make them enable efficiencies up to 99 percent or more. The magnetic gears obviate the need for using any transmission oil. With APPLICATIONS OF MECHANICAL POWER TRANSMISSION EQUIPMENTTHE PANORAMA
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