NEWSWIRETODAY Press Release& Newswire Distribution | HOME
MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
More news: Tools / Hardware
Written by / Agency / Source: Frost & Sullivan
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Rising Infrastructure Investment in Asia-Pacific Fuels Growth in the Global Belt and Chain Drives Market Finds Frost & Sullivan - Upcoming energy-efficiency regulations expected to result in increased demand for chain and belt drives, finds Frost & Sullivan - Frost.com
Rising Infrastructure Investment in Asia-Pacific Fuels Growth in the Global Belt and Chain Drives Market Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Santa Clara, CA, United States, 2020/08/14 - Upcoming energy-efficiency regulations expected to result in increased demand for chain and belt drives, finds Frost & Sullivan - Frost.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Tools / Hardware Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Frost & Sullivan’s recent analysis, Collaborative Business Models Set to Catalyze Growth in the Global Belt and Chain Drives Market, 2020 2024, forecasts that increasing adoption of chain and drive belts in the agriculture, food & beverage, and construction sectors across the Asia-Pacific region will promote the expansion of the global market. While the sector is expected to experience a downward trend over the next two years due to COVID-19, revenue is projected to surpass pre-pandemic levels in 2024, reaching $11.32 billion, from $11.00 billion in 2019. While revenue across Europe is forecast to be negative, the United States and South America should experience slow to nil expansion.

“Unlike in other industrial systems, there are fewer opportunities for value addition and technological development,” said Krishnan Ramanathan, Industry Manager, Industrial Practice. “Nevertheless, companies are always looking to incorporate newer methods to help address efficiency issues. Developments in IIoT and Big Data are also becoming increasingly vital for end-users to improve their market share. However, the present scenario has meant that vendors and financial institutions supporting some of these industries are unable to inject the capital required for expansion, delaying new projects.”

Ramanathan added: “Among the major countries globally, countries in the APAC region have robust plans for investment in infrastructure. This is expected to fuel the demand for cost-effective machinery manufactured in the region, which, in turn, will bolster the growth of the OEM market for belt and chain drives. New regulations with regard to energy efficiency are also expected to result in increased demand. Additionally, vital industries such as agriculture, oil & gas, and food & beverage, which are likely to receive financial assistance to tide through the current scenario, will aid the success of the sector.”

For further revenue opportunities, manufacturers should:

• Improve energy efficiency and reduce costs by focusing on the development and customization of new products.
• Enhance the capabilities of chain drives by using materials with superior properties that provide increased corrosion and temperature resistance.
• Develop innovative new components and products incorporating IIoT to aid efficient manufacturing.
• Partner with multiple vendors along the value chain to offer products at different price points.
• Develop new and more efficient methods of material handling to aid industries incorporating cloud and Big Data solutions.

Collaborative Business Models Set to Catalyze Growth in the Global Belt and Chain Drives Market, 2020 2024 is part of Frost & Sullivan’s global Industrial Automation Growth Partnership Service program.

About Frost & Sullivan

For over five decades, Frost & Sullivan (frost.com) has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Collaborative Business Models Set to Catalyze Growth in the Global Belt and Chain Drives Market, 2020 2024 / K49D-10

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Tools / Hardware Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Tools / Hardware articles,
CATCH Visitors via Your Competitors Announcements!


Rising Infrastructure Investment in Asia-Pacific Fuels Growth in the Global Belt and Chain Drives Market Finds Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Srihari Daivanayagam - Frost.com 
+91 44 66814412 / +91 97 42676194 srihari.daivanayagam[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Tools / Hardware via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Tools / Hardware Most Recent Related Newswires:

Atlas Copco Has Acquired A US Distributor of Compressors and Provider of Service
Tripp Lite’s New 3-Phase UPS Combines High-Performance Power with Best-in-Class Size
ABB Launches World’s First Power Over Ethernet Flowmeters
Cat Creek Energy and Water Selects Voith Hydro Ternary Units for Large Volume, Long Duration Renewable Energy and Water Storage Project in Idaho
ANDRITZ to Supply Electro-mechanical Equipment & Maintenance Service for One of the World’s First Co-located Solar Pumped Storage Plants in Australia
Atlas Copco’s Tensor ICB Tool Wins Red Dot Design Award
LEDtronics Next-Generation LED Cobrahead Luminaire for Efficient Roadway Illumination
SensoGuard Lauded by Frost & Sullivan for its Path-breaking, Underground, Seismic, and Sensor-based Protection Systems
Yokogawa Adds TDLS8200 Probe Type Tunable Diode Laser Spectrometer to its OpreX Analyzer Lineup
Leviton Enhances Decora Smart® Wi-Fi® Functionality with New 2nd Gen Devices and Anywhere Dimmer and Switch Companions
Energy-saving Goals to Inflate the Demand for IIoT-based Pump Solutions Says Frost & Sullivan
Heller Industries Wins Frost & Sullivan Acclaim for Dominating the Convection Reflow Soldering Market with High-efficiency MK7 Oven Series
Leviton Introduces New Decora® Motion Sensors
Tripp Lite Expands UK Distribution with Mayflex Partnership
Tripp Lite’s New UPS Systems Provide Battery Backup in Extraordinary Cold and Heat

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2021 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are proudly NOT affiliated with USA TODAY (usatoday.com)