Slew Drives Market: Introduction
Slew drives are commonly used mechanical devices that are deployed in construction cranes, solar tracking systems and industrial equipment. A slew drive converts axial movement into radial torque, allowing the rotation of greater loads with more accuracy, also enables amplification of geared torque. It is enclosed in a rugged enclosure to protect the mechanism from water, dust, dirt and other particulate contaminants. Slew drives are generally a special category of products. They have to be designed based on the exact need of the customer and also with respect to the operating environmental conditions of the applications. Slew drives are made with short or long output shafts based on end-user needs.
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Slew Drives Market: Dynamics
In last few years, solar energy is becoming popular and its consumption is expanding among consumers and governments. Governments are initiating to set up solar power plants to generate renewable and sustainable energy. Tracking is important application in solar power plants.
Solar trackers use slew drives; it is a component that tracks sun’s movement and rotates accordingly. Wind energy is another application of slew drives. For yaw and pitch rotation and control, slew drives are required.
Slew drives provide compatible stability and movement control for wind energy production. Increasing awareness about solar and wind energy is boosting the growth of the slew drives market.
Increasing industrial applications have resulted in enhanced purchase of cranes, pumps, etc., which is resulting in surging the demand for slew drives. Increasing applications of slew drives will enhance slew drives market during the forecast period.
Slew Drives Market: Segmentation
| · On the basis of load type |
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| · On the basis of axis type |
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| · On the basis of gear type |
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| · On the basis of application |
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Slew Drives Market: Regional Outlook
The countries from Europe and APAC region like are likely to witness noteworthy growth in demand for slew drives which will impact the global slew drives market. Europe and APAC expected to be the dominant geographic market for slew drives in forecast period.
The reason for domination of these markets is due to establishments of construction, excavation and renewable energy systems in these regions. The manufacturers are aiming to increase their geographical footprint and by entering and establishing their resources into these regions.
The market growth in MEA region is also expected to influence the global slew drives market owing to industrial and constructional developments. The demand for slew drives in markets from North and South America is likely to be moderate referring to established industrial and constructional bases. These are the major regions which are expected to influence the global slew drives market in forecast period.
Slew Drives Market: Key Players
Some of the key participants in the global slew drives market are:
- Cone Drive Operations, Inc.
- Helac Corporation
- Cleveland Gear Co.
- Young PowerTech
- Bonfiglioli Riduttori S.p.A.
- Kinematics Manufacturing, Inc.
- Brevini USA, Inc.
- IMO USA Corp
- Comer Industries Inc.
- Euronorm Drive Systems BV
- Rossi S.p.A.
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