Power Transmission Market worth $1,652.04 billion by 2030, growing at a CAGR of 12.14% - Exclusive Report by 360iResearch

The "Power Transmission Market by Type (Electric, Hydraulic, Mechanical), Component (Couplings, Clutches, & Brakes, Drivetrain, Gears & Shafts), Power Range, End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Power Transmission Market to grow from USD 740.40 billion in 2023 to USD 1,652.04 billion by 2030, at a CAGR of 12.14%.

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Power transmission is a process of transferring energy from its source to a mechanism that performs a specific task. In the context of machines and vehicles, this involves conveying mechanical power from an engine or motor to different parts of the machine to facilitate motion or operation. Power transmission systems are critical for the functioning of various mechanical systems and are designed to deliver power in an efficient, controlled, and safe manner. The growing shift towards electric and hybrid propulsion systems that necessitates the usage and development of novel transmission designs tailored to electric motors' characteristics is driving the growth of the market. Ongoing automation in vehicles and industrial equipment, coupled with the rise of the Internet of Things (IoT) that demands smarter transmission systems capable of communicating with other components, is increasing the usage of power transmission components. Stringent environmental regulations across the globe that demand higher efficiency and lower emissions from machines and vehicles drive the demand for power transmission technologies. The high cost of development and technical limitations with the usage of power transmission hampers the market growth. The emerging trend of eVtol across the military and commercial sectors is expected to create opportunities for the market. Rising innovations in materials science, computer control systems, and alternative power sources are continually expanding the scope of power transmission in both industrial machinery and vehicular technology. Rising advancements in transmission systems for reducing emissions and improving energy conservation across industries are expected to create opportunities for market growth.

The American power transmission market is characterized by a high level of technological innovation and integration, particularly in North America. The ongoing advancements in the automotive industry and the presence of major manufacturers of off-highway vehicles, such as loaders and trucks used in construction and mining, are creating a platform for market growth in the Americas. Rising demand for electric vehicles (EVs) that propel the requirement for efficient and reliable power transmission systems is expanding the usage of power transmission in the Americas. Additionally, South America is gradually expanding in the power transmission market, with increasing agricultural machinery advancements and rising production of bio-fuel-powered vehicles. The Asia-Pacific region is expected to witness growth in the power transmission market, driven by rapid industrialization and the expansion of the automotive sector in countries including India, China, and Japan. The region's booming manufacturing industry, large population base, and increasing income levels are contributing to the growth of the machinery and vehicles market. Additionally, many countries are investing in improving infrastructure and construction activities, necessitating robust and efficient power transmission systems for heavy equipment and machinery. Europe's power transmission market is growing with a strong focus on energy efficiency and sustainability. The region is witnessing increased adoption of electric and hybrid vehicles, influencing the power transmission sector to develop systems that are compatible with these new energy sources. The Middle East shows growth potential with its investments in infrastructure development, while Africa's market is emerging, with opportunities in the agriculture and construction sectors, which depend heavily on power transmission in machinery.

Market Segmentation & Coverage:

This research report categorizes the Power Transmission Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Electric, Hydraulic, Mechanical, and Pneumatic. The Hydraulic is projected to witness significant market share during forecast period.

Based on Component, market is studied across Couplings, Clutches, & Brakes, Drivetrain, Gears & Shafts, Prime Mover, and Pulleys, Belts, & Chains. The Gears & Shafts is projected to witness significant market share during forecast period.

Based on Power Range, market is studied across 1,500 kW & Above, 151 - 560 kW, 561 - 1,500 kW, and Up to 150 kW. The 561 - 1,500 kW is projected to witness significant market share during forecast period.

Based on End-User, market is studied across Aerospace & Defence, Agriculture, Automotive & Transportation, Construction, Energy, and Oil, Gas & Mining. The Aerospace & Defence is further studied across Commercial and Military. The Automotive & Transportation is further studied across Commercial and Military. The Agriculture is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 37.15% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Power Transmission Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Power Transmission Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Power Transmission Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., AISIN CORPORATION, Alstom SA, Analog Devices, Inc., AVL LIST GMBH, Avnet, Inc., BorgWarner Inc., Continental AG, Cummins Inc., Dana Incorporated, DENSO Corporation, Dr. Ing. h.c. F. Porsche AG, Eaton Corporation PLC, Evolito Ltd., General Electric, Hitachi Energy Ltd., Hyundai Motor Company, Infineon Technologies AG, Magna International Inc., Mahle GmbH, Marelli Holdings Co., Ltd., Mitsubishi Electric Corporation, Nidec Corporation, Nissan Motor Co., Ltd., NXP Semiconductors N.V., Panasonic Holding Corporation, PCS Instruments, Punch Powertrain nv, Robert Bosch GmbH, Rolls-Royce plc, Safran Group, Siemens AG, Tata Motors Limited, Tenneco Inc., Toshiba Energy Systems & Solutions Corporation, Toyota Industries Corporation, Valeo Group, VERNET GROUP, ZeroAvia, Inc., and ZF Friedrichshafen AG.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Power Transmission Market, by Type
7. Power Transmission Market, by Component
8. Power Transmission Market, by Power Range
9. Power Transmission Market, by End-User
10. Americas Power Transmission Market
11. Asia-Pacific Power Transmission Market
12. Europe, Middle East & Africa Power Transmission Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Power Transmission Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Power Transmission Market?
3. What is the competitive strategic window for opportunities in the Power Transmission Market?
4. What are the technology trends and regulatory frameworks in the Power Transmission Market?
5. What is the market share of the leading vendors in the Power Transmission Market?
6. What modes and strategic moves are considered suitable for entering the Power Transmission Market?

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