The global geared motors and drives market is expected to grow at a compound annual growth rate (CAGR) of almost 5% from 2016 to 2020, according research company Technavio.
Governments worldwide are investing heavily in wind power which fuels the demand for gear motors and drives, as they are key components.
“The geared motors and drives market in the wind power industry is booming because of large-scale installations of wind turbines in China, the U.S., Germany, Spain, and India,” says Bharath Kanniappan, a lead automation research expert from Technavio.
Technavio’s research study segments the global geared motors and drives market into:
- Europe, Middle East, Africa (EMEA)
- Asia-Pacific (APAC)
In the Americas, the market is expected to reach $2.9 billion by 2020, growing at a CAGR of more than 5%.
Some of the top vendors in the global geared motors and drives market are:
- Emerson Electric
- Regal Beloit
Follow the link for a sample of the report: http://goo.gl/5K3VNa www.technavio.com
Motion, Drive & Automation North America 2016
Process improvement will hold the spotlight at Motion, Drive & Automation North America (MDA North America), co-located at IMTS from Sept. 12-17, 2016, at McCormick Place in Chicago. The show offers attendees opportunities to discover the latest advances in process improvement and shifts to single-sourcing from a variety of exhibitors, including Bimba Corp., Hiwin Corp., and SolidCAM.
The show, which is doubling in size from 2014, provides a networking hub of electrical and mechanical power transmission and control, hydraulics, and pneumatics.
The blending of software with equipment presents new ways for manufacturers to monitor performance and improve quality.
“As manufacturers continue to add smart technologies to their equipment, many opportunities exist to improve process efficiency, reduce downtime, and increase product quality. However, just because you have more data doesn’t mean you are going to make better decisions,” says Jeremy King, product marketing manager sensing technologies, Bimba Corp. “Manufacturers need to partner with suppliers that not only provide new and different data but also provide actionable insights into their equipment.”
MDA North America will also offer solutions to optimize sourcing.
“The number of requests for out-of-the box solutions has increased. Sourcing components from multiple vendors can save money if you have time and can work with integrating components,” says Shawn Lawrence, product marketing manager, Hiwin Corp. “To save time and increase dependability, many buyers now look to their vendors to be a single source for components such as motors, drives, and sensors. Motion control manufacturers are working to integrate more components into single systems and integrated sensors for preventative maintenance and safety.”
According to surveys conducted in 2014 at IMTS, Industrial Automation North America and MDA North America indicated that 86% of visitors found solutions to specific manufacturing problems, 85% planned to make a purchase within one year, and 64% initiated new business contacts. www.industrialtechnology.events
Toyoda Machinery USA, Fastems host automation seminar
The Power of Automation West Coast Lunch & Learn seminar event at Toyoda Machinery USA’s tech center in Placentia, California, May 25, 2016 hosted expert speakers from Fastems and Toyoda Machinery, showcasing product quality, reliable deliveries, and lead time reductions. The event offered industry expertise such as combining Fastems’ manufacturing management software with Toyoda’s FH500J horizontal machining center to maximize capacity. www.toyodausa.com
LORD Corp’s subsea sensors demonstrate SIIS compliance
Stellar Technology subsea wellbore pressure/temperature transducers from LORD Corp. passed initial interface testing, demonstrating compliance with the new, Subsea Instrumentation Interface Standardization (SIIS) requirements. Having passed interoperability tests, LORD Corp.’s wellbore sensing technology was validated to successfully interface with subsea control module (SCM) manufacturers, including Aker Solutions FMC, GE, OneSubsea, and Proserv. www.lord.com
Autonomous truck for mining
As part of an autonomous vehicle research and development project, Volvo is demonstrating its self-driving truck in a simulated mining environment.
“The Volvo Group has developed a solution that we believe will ultimately revolutionize the mining industry.” says Torbjörn Holmström, Volvo’s chief technology officer. “We expect to be able to significantly increase our customers’ productivity while at the same time improving fuel efficiency and safety.”
A cooperative venture between Volvo and Saab subsidiary Combitech, the project aims to develop a fully autonomous transport solution. The fully outfitted construction vehicle navigates and operates autonomously above and underground. It uses sensors and GPS technology to continuously read its surroundings, navigate fixed and movable obstacles, and gather data via its transport system to further optimize its route and traffic safety. The truck requires no manual supervision, but is part of the customer’s total transport solution that controls the entire production process. www.volvo.com