Energy Fueling Demand For Planetary Gears

Dec. 21, 2006
Markets for planetary gearboxes in North America, South America, Europe, the Middle East and Africa are expected to grow by nearly 8 percent by 2009 to $2.3 billion because of expected increases in demand for wind turbines needed for the ...

Markets for planetary gearboxes in North America, South America, Europe, the Middle East and Africa are expected to grow by nearly 8 percent by 2009 to $2.3 billion because of expected increases in demand for wind turbines needed for the wind-energy industry.

The British market research firm IMS Research (www.imsresearch.com) said it expects demand for planetary gearboxes to reach $459 million in North America and South America,

and $1.8 million in Europe, the Middle East and Africa as wind-energy programs increase. The research company sees increasing uses of wind-powered electrical energy production increasing, fueled by rising prices for oil and by sustained concerns for global warming.

The wind-energy production will demand high-torque planetary gearboxes, and demand could increase to nearly 10 percent worldwide in the future, the research company said.

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