Slewing Drives Market Segmentation:
Application Segment Analysis
The solar tracker segment in the slewing drives market is estimated to gain a robust revenue share of 40% in the coming years owing to the growing need for solar energy. The need for solar energy is anticipated to proceed as more people and businesses look for renewable vitality sources to diminish their carbon impression and since numerous governments around the world have actualized approaches and motivations to empower the usage of solar energy. According to Solar PV generation expanded by a record of more than 250 TWh in 2022, coming to around 1, 200 TWh. This has led to an increase in the demand for solar trackers which are often used to maximize the efficiency of solar energy capture and can boost energy production by anywhere from 15 to 35%.
A slew (slewing) drive is a piece of machinery, which are used in solar trackers, to position solar panels to track the movement of the sun to improve efficiency and decrease the cost of solar power systems. Moreover, in solar photovoltaic power generation, a slew drive is required to regulate the horizontal rotation and pitch angle of the photovoltaic panel, and similarly, for solar thermal power generation, a slew drive is often required to adjust the position of the flat mirror plate.
In addition, Man lifts, also known as aerial lifts or boom lifts, are machines that allow workers to perform tasks safely and efficiently at heights, and also aid in enhancing efficiency and provide greater horizontal outreach compared to any other type of aerial platform. A man-lift slew drive contains bearing, rotation, and motion control, which also uses a simple design to deliver high horsepower and torque to offer impressive longevity and allow man-lift crane hydraulics to carry several weights and reach diverse heights.
Gear Segment Analysis
The worm segment in the slewing drives market is set to garner a notable share shortly. slewing drives are an update to worm drive mechanisms, which are characterized by their high-power density and are well-suited for heavy-duty applications such as loading cranes. In addition, a spur gear slew drive is also referred to as a gear slewing reducer, which is a new type of slewing bearing product, usually composed of pinion gears, slewing bearings, housings, motors, or electric motors.
Our in-depth analysis of the global slewing drives market includes the following segments:
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