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Opportunities in the European Industrial Gearboxes and Gear Motors External Services Market : Connectivity and Big Data Expected to Alter Services Landscape

  • February 2015
  • 60 pages
  • Frost & Sullivan
Report ID: 2750954

Summary

Table of Contents

Executive Summary

From 2013 to 2018, aftermarket services for gearboxes and gear motors are expected to generate constant revenue for end users in the process industry.
The gearboxes and gear motors external services market is highly fragmented into segments such as spare parts, repair, and emergency services. It is dominated by third-party service providers that specialise in the provision of emergency on-site repair services.
In oil and gas, mining, and off-shore wind farms, provision of on-site services that include maintenance and repair is challenging for service providers in terms of logistics and distribution of services. Companies that specialise in just 1 or 2 of these end-user industries have a higher probability of success.
As condition monitoring of gearboxes becomes widely adopted during the forecast period, manufacturer revenue from periodic maintenance services is likely to reduce.
Gearbox manufacturers will shift their focus towards condition monitoring while periodic maintenance is expected to be extensively provided by pure-play service companies.
During the medium and long terms, installation of networked gearboxes will become a revenue stream for manufacturers and procurement companies, especially those involved in the wind power sector.

Services Segmentation

•Installation and Commissioning
•Training
•Spare Parts and Consumables
oReplacement parts
oConsumables
oParts and inventory management
•Maintenance
oPreventive maintenance
oPredictive maintenance
oOn-site condition monitoring
oRemote condition monitoring
oLife-cycle assessment
oInspections and diagnostics
•Repairs
oWorkshop repairs
oOn-site repairs
oCorrective maintenance
oTechnical support
oRemote troubleshooting
•Engineering and Consulting
•Advanced Services
oAsset optimisation
oProcess safety
oEnvironmental compliance
oSystem performance
oEnergy efficiency
oMaintenance management
oCybersecurity
•Extensions, Upgrades, and Retrofits
oSoftware upgrades
oHardware upgrades
oExtensions
oRetrofits
•End-of-life Services
oDecommissioning
oResale
oDisposal and recycling
•Replacement

Criticality of Applications such as Mining and Power Generation to Increase Demand for High-quality and High-cost Services

•In industries such as mining and power generation, gearboxes and gear motors are constantly subjected to harsh environments. This reduces the life, efficiency, and performance of gearboxes and gear motors.
•Continual and periodic maintenance is required to make gearboxes and gear motors function at maximum efficiency and provide better Return on Investments (ROI).
•Component failure can lead to disastrous results; this adds further importance to services such as conditional monitoring and preventive and predictive maintenance.
•Consequently, this driver is expected to have a high impact over the forecast period.

For High-power Customised Gearboxes, Superior Technical Complexity Increases Total Service Value

•High-power and high-torque gearboxes have complex designs and are mostly customised. In such cases, gearbox manufacturers have better product knowledge than local low-cost service providers.
•Moreover, the design document is available only with the manufacturer. Local service providers do not have access to the design, driving end users to seek manufacturer services for repairs or faults.
•High-power customised gearboxes require frequent maintenance, repair, and replacement of spare parts, which increases total service value. This trend is expected to increase market revenue from European gearbox and gear motor services.

Service Demand Generated from Large Installed Base of Gearboxes

•Many gearboxes and gear motors are extensively deployed across a wide range of industries and applications in food processing, mining, construction, and material handling.
•Despite periodic inspection and maintenance, gearboxes and gear motors need to be replaced after a pre-defined lifespan as they face wear and tear due to friction.
•The market for replacements and spare parts from a large installed base is expected to generate sustainable demand during the forecast period.
•However, the effect of this impact is likely to reduce to medium during the long term as higher adoption of predictive maintenance will increase the lifespan of gearboxes and gear motors.

Stronger Focus Placed on Energy Efficiency

•A surge in electricity prices across Europe has necessitated end users to save costs by reducing energy consumption.
•The energy efficiency of industrial gearboxes and gear motors is inversely related to energy consumption; it is expected to decline constantly during the lifetime of gearboxes and gear motors.
•In order to operate gearboxes and gear motors at optimum efficiency, end users seek periodic maintenance services.
•The impact of this driver is expected to remain medium during the short and medium terms. However, impact is likely to become high during the long term due to increase in end-user awareness about energy efficiency.

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