Slewing Drives Market Size, Share, Growth, and Industry Analysis, By Type (Single Axis, Dual Axis and Multiple Axis), By Application (Solar, Wind, Industrial, Mobile, Satellite, Medical and Others), Regional Insights, and Forecast To 2032

Updated On: 08 April 2024

SLEWING DRIVES MARKET REPORT OVERVIEW

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The global slewing drives market size was USD 1786.8 million in 2019 and market is projected to touch USD 2570.38 million by 2032 at CAGR 2.8% during the forecast period.

Slewing drive, also known as slew drives or slew bearings, are specialized mechanical devices designed for azimuth and elevation rotation applications in various industrial and renewable energy systems. These drives are commonly used in solar tracking systems, wind turbines, construction equipment, cranes, and other machinery that requires rotational movement. The key components of a slewing drive include a slew bearing (also called a slewing ring), which supports axial and radial loads, and a worm gear mechanism that enables the rotational movement. The worm gear is driven by an electric or hydraulic motor, and its interaction with the slew bearing allows for controlled rotation.

Slewing drives are designed to handle high torque loads, making them suitable for applications where substantial rotational force is required. Slewing drive is often compact and lightweight, making them suitable for installations with limited space. The design of slewing drive allows for precise control of rotational movement, making them ideal for applications that require accurate positioning. In solar energy applications, slewing drive is commonly used in solar tracking systems. These systems allow solar panels to follow the sun's movement throughout the day, maximizing energy capture. Slewing drive is used in the yaw and pitch control systems of wind turbines. They enable the adjustment of the turbine's orientation to optimize energy production in varying wind conditions. Slewing drive is employed in various construction machinery, such as cranes and excavators, allowing for controlled rotation and positioning.

COVID-19 Impact: Changes in Energy Sector Dynamics to Hinder Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Many industries experienced disruptions in their supply chains due to lockdowns, travel restrictions, and factory closures. This could have affected the production and availability of components used in slewing drive. Construction and infrastructure projects faced delays as a result of the pandemic, impacting the demand for construction equipment, including machinery that uses slewing drive. The renewable energy sector, which is a significant user of slewing drive, may have seen shifts in priorities and investments due to economic uncertainties during the pandemic.

LATEST TRENDS

"Focus on Efficiency and Precision to Drive Market Growth"

Slewing drive play a crucial role in solar tracking systems and the yaw and pitch control of wind turbines. As the renewable energy sector continues to grow, the demand for slewing drives market growth is likely to increase. Industries using slewing drive have been emphasizing the need for more efficient and precise rotational movements. This includes improvements in gear technology, control systems, and overall performance. The integration of smart technologies, such as sensors and control systems, has been a trend in various industrial sectors. In the case of slewing drive, these technologies can enhance monitoring, control, and maintenance capabilities. Manufacturers are increasingly offering customized slewing drive to meet the specific requirements of different applications. This trend reflects the diverse needs of industries such as construction, material handling, and energy.

SLEWING DRIVES MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into single axis, dual axis and multiple axis.

Single axis refers to movement or rotation along a single direction or plane. In the context of motion control, a single-axis system might involve linear motion along a straight line or rotation around a single axis. Dual axis refers to movement or rotation in two perpendicular directions or planes. In the context of solar tracking systems, a dual-axis tracker can adjust the position of solar panels both horizontally and vertically to track the sun's movement. Multiple axis refers to movement or rotation in more than two directions or planes. It can involve three or more axes of motion.

• By Application

Based on application the global market can be categorized into solar, wind, industrial, mobile, satellite, medical and others.

Slewing drives are commonly used in solar tracking systems. They enable solar panels to follow the sun's movement, optimizing sunlight exposure and improving energy efficiency. Slewing drives are utilized in wind turbines. They play a key role in the yaw and pitch control systems, allowing the turbine to adjust its orientation to optimize energy production. Slewing drive is integrated into various industrial machinery and equipment. They provide controlled rotational movement, precision, and torque, contributing to the efficiency of industrial processes. Slewing drive is employed in mobile machinery and equipment. Slewing drive are used in satellite dish antennas. They enable the precise tracking of satellites for communication purposes. Slewing drive find applications in certain medical equipment. They may be used in medical imaging devices or other equipment requiring controlled rotational movement.

DRIVING FACTORS

"Infrastructure Development to Augment the Market"

The increasing focus on renewable energy, such as solar and wind power, has driven the demand for slewing drive. These components are integral to solar tracking systems and the orientation control of wind turbines, enabling efficient energy capture. Slewing drive play a vital role in construction equipment, cranes, and other machinery used in infrastructure projects. The global growth in construction and infrastructure development fuels the demand for slewing drive. The trend towards industrial automation and the adoption of advanced machinery in manufacturing and material handling contribute to the demand for precise and controllable rotational movement, which slewing drives provide.

"Focus on Efficiency and Precision to Expand the Market"

Slewing drives are often customized to meet the specific requirements of different applications. The ability to tailor these components to suit various industries, such as agriculture, mining, and marine applications, enhances their versatility and market demand. Industries value the efficiency and precision offered by slewing drive in rotational movements. These components are designed to handle high torque loads while providing accurate control, making them essential for applications that require precise positioning. Ongoing advancements in gear technology, materials, and manufacturing processes contribute to the improvement of slewing drive performance. Enhanced materials and design innovations help meet industry demands for higher efficiency, durability, and reliability.

RESTRAINING FACTOR

"Maintenance Requirements to Potentially Impede Market Growth"

Slewing drives can involve significant upfront costs, particularly for high-quality and customized solutions. This can be a restraining factor for budget-constrained projects or industries where cost considerations are paramount. Like any mechanical component, slewing drive require regular maintenance to ensure optimal performance and longevity. The maintenance demands can add to the overall cost of ownership and may be a consideration for industries that seek low-maintenance solutions. The design and installation of slewing drive can be complex, requiring specialized knowledge and expertise. This complexity can increase installation time and costs, potentially making them less attractive for projects with tight timelines or those lacking the necessary expertise.

SLEWING DRIVES MARKET REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Market due to Renewable Energy Growth"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East &Africa

The Asia Pacific region, particularly countries like China and India, has experienced rapid industrialization and infrastructure development, driving the demand for construction and material handling equipment that incorporates slewing drive. As the adoption of renewable energy sources, including solar and wind power, has surged, the demand for slewing drives market share in solar tracking systems and wind turbines has increased. Asia-Pacific has been a global manufacturing hub, contributing to the production of machinery and equipment that utilize slewing drive.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• Bonfiglioli(O&K) (Italy)
• Kinematics Manufacturing (KMI) (U.S.)
• The Precision Alliance (TPA) (U.S.)
• Slew Master (Sweden)
• IMO USA (U.S.)

INDUSTRIAL DEVELOPMENT

August, 2020: Slewing drive are extensively used in solar tracking systems that enable solar panels to follow the sun's movement, maximizing energy capture. The growing emphasis on renewable energy has led to increased demand for slewing drive in solar power installations.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.