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Frost & Sullivan: Replacement Sales Offset Competition from Alternate Technologies in the Belt and Chain Drives Market

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Frost & Sullivan: Replacement SalesFrost & Sullivan: Replacement Sales Offset Competition from Alternate Technologies in the Belt and Chain Drives Market PR Newswire LONDON, April 1, 2014 - Demand from emerging economies to compensate for the dip in demand from established markets With energy efficiency becoming the buzzword in every sector, government bodies, especially in Europe and North America, have mandated that industrial equipment such as motors, pumps and fans should conform to regional regulations. This has sprung belt drives and chain drives to prominence, as they are highly cost effective and energy efficient modes of power transmission. New analysis from Frost & Sullivan, Strategic Analysis of Global Belt Drives and Chain Drives Market, finds that the market earned revenues of $8.80 billion in 2013 and estimates this to reach $10.57 billion in 2018. The belt drives segment covers belts and pulleys, while the chain drives segment covers chains and sprockets. While conformance with regulations plays a part in promoting the use of belt and chain drives in Europe and North America, the debt crisis in the former and outsourcing in the latter has caused manufacturing to increasingly move to Asia and Latin America. The considerable investments in infrastructure development and rapid industrialization in these regions are likely to boost sales of belt drives and chain drives in the original equipment manufacturer (OEM) market.
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Frost & Sullivan: Replacement Sales Offset Competition from Alternate Technologies in the Belt and Chain Drives Market

PR Newswire

- Demand from emerging economies to compensate for the dip in demand from established markets

With energy efficiency becoming the buzzword in every sector, government bodies, especially in Europe and North America, have mandated that industrial equipment such as motors, pumps and fans should conform to regional regulations. This has sprung belt drives and chain drives to prominence, as they are highly cost effective and energy efficient modes of power transmission.