Slewing Drives Market to be Valued at ~ US$ 3.2 Bn by 2027
Slewing Drives – Modern Incarnations Driving Force Transition Improvements
Drive mechanisms have been a crucial area of focus in the heavy-duty equipment and power generation industries. The integration of modern drive mechanisms and large-scale renewables for carbon reduction has meant that key components of the power value chain have gained higher emphasis.
A slewing drive is one such integral component where new developments have come to the fore, improving force transition over standard designs via more efficient meshing with radial gears. While the radical mechanism behind slewing drives is not new, modern incarnations of this essential industrial component feature many recent operational improvements – rotational smoothness, survivability load, and positioning accuracy.
Sensing the potential of the slewing drives landscape, Transparency Market Research (TMR), in its recent analytical study, covers key imperatives and dynamics for the manufacturers of drive mechanisms in general, and slewing drives in particular.
The Step toward High-Precision & Non-Standard Customization
Stakeholders in the slewing drives market saw a marked rise in new OEM customers, complementing business margins, and driving investments in new production lines and capacity expansions. According to TMR’s study, ~800thousand units of slewing drives were sold in 2018, and the market is estimated to record ~ 4% CAGR through to 2027.
From the perspective of demand-side dynamics, as the construction machinery gets caught up in the new maintenance cycle abreast surging infrastructure development activities, there is huge requirement for load transmission components such as slewing drives. Additionally, structural adjustments in the manufacturing sector have led to a rise in new facilities, including automation and energy, which has driven the demand for high-quality slewing drives with emphasis on high-precision and non-standard customization.
Low-Maintenance and Performance Versatility – Key Focus Areas
In response to the growing demand from a wide range of applications, including wind turbines, solar trackers, and cranes, key players in the slewing drives market are focusing on the development of low-maintenance drives, engineered to ebb the on-field labor cost and offer greater protection. Environmental protection remains the prime focus to offset any corrosive damages, using robust enclosures that prevent operational hazards due to particles such as sand, dust, dirt, and even water.
Versatility in performance is another key aspect that has been gaining the attention of slewing drive manufacturers, devoid of the component’s mechanism – vertical or horizontal. Slewing drives that offer a wide spectrum of torque have been introduced by established manufacturers to suit the various performance requirements of end users. Hourglass technology used in slewing drives have also witnessed significant advancements to cope up with the low-maintenance and performance versatility needs of customers. The focus on greater strength and accuracy has led manufacturers to focus on increased tooth engagement, which has consequentially complemented offering high torque in confined spaces.