Global and Chinese High Speed Gearbox Market Status and Future Trends 2024

 

At present, China's high-speed gear box industry has formed a three-pronged situation of state-controlled enterprises, wholly foreign-owned/joint ventures, and private enterprises, and each has its own characteristics:

① The foundation of China's gear industry is made up of state-controlled enterprises, state-controlled enterprises in the past 10 years has developed rapidly, has developed a number of sales of more than 1 billion yuan of enterprises, represented by Chongqing Gearbox.

② foreign-funded wholly owned/joint venture enterprises with advanced technology and more mature market operation. Flanders, Voith, Hitachi, Sumitomo transmission, etc. as a representative of the

③ private enterprises are developing rapidly, but in the field of high-speed gearboxes, the development is still relatively slow.

 

 

High performance

One of the development trends of high-speed gearboxes is to improve transmission efficiency and energy conversion efficiency. Through the use of new materials, optimised design, precision manufacturing processes, and better lubrication and cooling systems, energy loss and friction loss can be reduced and overall efficiency can be improved.

 

Lightweight

With the increasing awareness of energy saving and environmental protection, the lightweight design of high-speed gearboxes has become an important development direction. The use of high-strength materials, structural optimisation and the reduction of unnecessary components and other technical means can reduce the overall weight, improve the power density of the system and energy-saving performance.

 

Sound and vibration control

High-speed gearboxes may generate noise and vibration during operation, which is unacceptable for some applications. Therefore, one of the trends is to reduce noise and vibration levels by reducing gear meshing interference, improving tooth design, using vibration-damping materials and optimising structures.

 

Digitalisation and intelligence

With the development of Industry 4.0, high-speed gearboxes also tend to be digitalised and intelligent. By integrating sensors, data acquisition and analysis systems, real-time monitoring and predictive maintenance of the gearbox's operating status can be achieved, improving equipment reliability and operating efficiency.

 

 

The forecast data for 2023-2030 in this paper is based on the historical development over the past few years, industry expert opinions, and the analysts' opinions in this paper, and the forecast is given comprehensively.

 

According to QYR (Hengzhou Bozhi) statistics and forecast, the global high-speed gearbox market sales reached USD 210 million in 2023, and is expected to reach USD 405 million by 2030, with a compound annual growth rate (CAGR) of 9.73% (2024-2030).

 

At the regional level, the Chinese market has been changing rapidly over the past few years, with a market size of US$58.06 Million in 2023, accounting for approximately 27% of the global market, and is expected to reach US$138.76 Million in 2030, when the global share will reach 34%.

 

In terms of consumption level, the European region is currently the largest consumer market in the world, with 33% market share in 2023, followed by China and North America, with 27% and 21% respectively. The Chinese region is expected to grow the fastest in the coming years, with a CAGR of approximately 13.28% over the period 2024-2030.

 

On the production side, Europe and China are the two key production regions, with 35% and 33% market share respectively in 2023, and the China region is expected to maintain the fastest growth rate in the next few years, with a share expected to reach 38% in 2030.

 

In terms of product type, spur gearboxes hold an important position with a share of about 36%, in 2023. Meanwhile, in terms of application, power generation is expected to reach 41% share in 2030, with a CAGR of about 9.87% in the next few years.

 

Has been, Europe and the United States with advanced technology, in the international gear transmission and drive components manufacturing industry has always held a leading position, the world's major high-speed gearbox manufacturers, including South High Gear, HENSCHEL GmbH, Timken (Philadelphia Gear), Wikov Group and Elecon, etc., 2023, the top five manufacturers With a revenue share of over 53%, the industry is expected to become more competitive in the coming years, especially in the Chinese market.

 

Gearboxes use gears to increase or decrease speed and transmit torque and power. The gearbox industry is not only capital-intensive in nature, but also a high-tech field with high requirements for corporate human resources, design capabilities, process technology standards, and manufacturing equipment, especially in the field of high-speed gearboxes. High-speed gearboxes have made great progress through long-term technical research and development, and have been widely used in power generation, metallurgy, chemical industry, petroleum and other fields. In order to adapt to the needs of national major equipment and key projects, gearboxes are developing in the direction of high power, large size, high transmission ratio, high speed and so on.

 

This report studies the High Speed Gearbox capacity, production, sales, sales, price and future trends in Global and Chinese markets. Focuses on the key manufacturers in global and China market, to analyse the product characteristics, product specifications, price, sales, sales revenue and market share of key manufacturers in global and China market. The historical data is from 2019 to 2023 and the forecast data is from 2024 to 2030.