Global Industrial Variable Speed Belts Market 2017-2021
About Industrial Variable Speed Belts
Industrial variable speed belts are used in applications wherein changes in speed during operation are common. They are a part of the V-belt family. However, they differ in shape considerably as compared with the standard V-belt, which has a distinctly broader width and a narrower thickness. The global industrial variable speed belts market focuses on variable speed belts that are used in drive applications in machinery with varying drive ratios.
Technavio’s analysts forecast the global industrial variable speed belts market to grow at a CAGR of 7.89% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial variable speed belts market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Variable Speed Belts Market 2017-2021
Technavio recognizes the following companies as the key players in the global industrial variable speed belts market: ContiTech, Gates, Optibelt and SKF.
Other Prominent Vendors in the market are: Goodyear Rubber, Hi-Lo Manufacturing, Lian Eng, Lovejoy, Megadyne, Pixtrans, Q-Power, Rubena, San Wu Rubber, Timken and TOYOPOWER.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rise of smart electrical systems. At present, there has been a change from the practice of conventional mechanical and fluid power systems to advanced smart electrical systems for enabling automation with remote access and diagnostic capabilities. In the future, many factories will have fully automated assembly lines assisted by artificial intelligence.”
According to the report, one driver in the market is rise in energy saving through smart and efficient technologies in belt drives. Energy-efficiency is becoming a rising concern for the industrial sector. This is because on an average around 10% of the operational cost is entailed by electricity. This number increases to 40% in energy-intensive industries such as oil and gas, food and beverages, and power. The awareness of energy savings has gained substantial momentum in the recent years. Government bodies of Europe and North America have taken concerted steps in ensuring that plant equipment such as pumps, motors, and fans adapt to energy-efficiency standards.
Further, the report states that one challenge in the market is lack of predictive maintenance. Predictive maintenance is a precautionary maintenance to rectify an error in a machine before it completely breaks down. This type of maintenance is essential for efficient, reliable, and safe production process. Variable speed belt drives are cost-effective and reliable means for transmitting power between shafts. The lack of predictive maintenance in a variable speed belt drive system will result in vibration and reduced efficiency by 10%–20%. Predictive maintenance can be applied in all drive systems through the inspection of non-destructive testing such as oil analysis, vibration analysis, infrared testing, and other techniques.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/global-automation-global-automation-industrial-variable-speed-belts-market-2017-2021
ContiTech, Gates, Optibelt, SKF, Goodyear Rubber, Hi-Lo Manufacturing, Lian Eng, Lovejoy, Megadyne, Pixtrans, Q-Power, Rubena, San Wu Rubber, Timken and TOYOPOWER.
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