Published on : Sep 17, 2019
Rising demand for alternative energy is expected to augment strong growth for the slewing drives market. Currently, various governments around the world are investing in green intiaites like solar energy and turbine wind energy. Both these applications require heavy use of slewing drives to in the core task of producing energy. Moreover, slewing drives also increase the energy efficiency of solar trackers by changing the angle of panels to meet the incoming sun rays.
Furthermore, installation of automatic slewing drives can automate the solar and wind operations and reduce labor costs, as well as potential liabilities. Its potential use, cost-reduction possibilities, and increasing demand for automation in operations are expected to drive the slewing drives market in the near future, states TMR report.
Hydraulic Operations to Boost Growth in the Slewing Drives Market
Growing use of propulsion systems in construction, shipping, and wind generators, and cranes are expected to provide a major boost to the slewing drives market. Large number of slewing drives are manufactured for heavy-duty usage, and positioning accuracy to maximise reliability in these operations.
Additionally, the design innovation taking place in the slewing drives market has resulted in higher torque performance and higher radial load capacity.
Moreover, computer and digital technology has also aided slewing drives with better synchronisation between the casing axis and pinion axis. This has resulted in widening scope of the applications and provided more flexibility to end-use industries. The growing demand in hydraulic operations is expected to be a major avenue for growth for the slewing drives market.
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Boost in Defense in Asia Pacific to Boost Growth in the Slewing Drives Market
Asia Pacific is increasingly becoming hub for fierce rivalries and increased competition for defence superiority. Additionally, there are several land disputes in the region including the South China Sea. Increased manufacturing in the region, increased procurement of defense equipment, and on-going disputes are expected to drive significant growth for slewing drives market.