The harmonic reducer market is fragmented

update:2023-01-12

abstract:Harmonic reducer is a compact mechanical gear system used for power transmission. This gear system i...

Harmonic reducer is a compact mechanical gear system used for power transmission. This gear system is light in weight and has high torque output. It also offers low energy consumption, noise, and vibration.

The harmonic reducer market is fragmented. The harmonic reducer market has been segmented by regions, types, and applications. Among these, Asia Pacific region leads the global market. Increasing installations of wind turbines are expected to boost the growth of the harmonic reducer market in this region. China is expected to remain the key consumer for harmonic reducers due to its rapid industrialization.

The harmonic reducer market is categorized into the mechanical application segment and the electrical application segment. The demand for the mechanical application segment is mainly driven by the factors such as compact design, low price, and efficiency.

In the electrical application segment, the harmonic reducer is used in industrial process control, robotics, aerospace packaging, and warehousing. Moreover, it is used in the smart grid. Renewable energy sources require harmonic reducers to stabilize the grid.

The harmonic reducer market is segmented into the regions of North America, Europe, and Asia Pacific. The Europe region is further divided into Germany, Italy, U.K., France, and Rest of Europe.

The mechanical application segment is projected to grow at a higher CAGR. Due to increasing investments in industrial development and industrial expansion, the market in this region is projected to expand. Besides, the growing population and the rise in the number of new power generation facilities are expected to drive the growth of the harmonic reducer market in Asia Pacific.

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