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CORRECTING and REPLACING Global Industrial Planetary Gearbox Market 2018-2022 | Resurge in Oil and Gas Upstream Activities to Boost Growth | Technavio

November 22, 2018

LONDON--(BUSINESS WIRE)--Nov 22, 2018--Please replace the release dated February 27, 2018 with the following corrected version due to multiple revisions.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180227006617/en/

Technavio has published a new market research report on the global industrial planetary gearbox market from 2018-2022. (Graphic: Business Wire)

The corrected release reads:

GLOBAL INDUSTRIAL PLANETARY GEARBOX MARKET 2018-2022 | RESURGE IN OIL AND GAS UPSTREAM ACTIVITIES TO BOOST GROWTH | TECHNAVIO

Technavio ’s global industrial planetary gearbox market research report forecasts the market to grow at a CAGR of over 5% during the forecast period, 2018-2022.

The increasing demand for high precision gearbox technology is one of the major trends in the . The planetary gearboxes can endure high reaction ratios in a compact solution and hence, present an attractive solution for high precision gearboxes. The planetary gearboxes have substantially low backlash ratings and the helical planetary gearboxes provide an excellent choice for applications requiring high accuracy and reliability.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key drivers for the global industrial planetary gearbox market is the resurge in oil and gas upstream activities:

Global industrial planetary gearbox market: Resurge in oil and gas upstream activities

The oil and gas industry is a major end-user of planetary gearboxes. They are used in pumps, compressors, fans, blowers, and expands for a wide range of applications including exploration and production in upstream and refining and petrochemicals production in downstream. The prices of crude oil have been fluctuating since 2014 and the price per barrel declined to USD 47.76 in January 2015. In 2017, the price of crude oil increased gradually due to measures taken by the Organization for the Petroleum Exporting Countries and Russia.

According to a senior analyst at Technavio for research on automation, “Several oil and gas upstream projects that were postponed in 2015 and 2016 have been revived in 2017 due to the increasing price of crude oil. This has led to an increase in upstream investments in 2017. The price per barrel of crude oil is expected to reach USD 80 by the beginning of the second half of 2018. Hence, the growing investments in the upstream sector will provide a new source of revenue for planetary gearboxes during the forecast period.”

Global industrial planetary gearbox market: Segmentation analysis

The global industrial planetary gearbox market analysis report provides market segmentation by product type (standard industrial planetary gearboxes and precision industrial planetary gearboxes), by end-user (process industry and discrete industry), and by region (the Americas, APAC, and EMEA). This report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the two major end-users, the process industry segment held the largest industrial planetary gearbox market share in 2017, contributing to around 75% of the market. This end-user segment will dominate the global market throughout the forecast period.

The APAC region held the largest share of the market in 2017, accounting for close to 45% share. It was followed by EMEA and the Americas respectively. The APAC region is expected to dominate the market throughout the period 2018-2022.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20180227006617/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 11/22/2018 05:44 AM/DISC: 11/22/2018 05:44 AM

http://www.businesswire.com/news/home/20180227006617/en

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