The report states that one challenge in the industrial clutches and brakes market is the growing manufacturing cost of neodymium magnets. Neodymium magnets are widely used in safety brakes for holding emergency stops. These magnets are popular due to their inherent properties of resisting demagnetization and high saturation magnetization.
The analysts forecast global industrial clutches and brakes market to grow at a CAGR of 1.65% during the period 2017-2021. The demand for neodymium has been exhibiting an unexpected growth due to the rising applications in wind energy plants.
Investments in wind energy in China are soaring up as compared with that in other countries. As neodymium is a rare-earth metal, the demand for this metal is expected to rise beyond supply by 2021, resulting in a higher price of magnets.
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The following companies are the key players in the global industrial clutches and brakes market: Altra Industrial Motion, Electroid, GKN Land Systems, Hilliard Corporation, and Thomson Industries. Other Prominent Vendors in the market are: Dayton Superior Products, Magnetic Technology, Lenze SE, INTORQ, The Rowland Company, Vortex Engineering, ComInTec , DESCH Drive Technology, Kobelt, Nexen Europe Group, Regal Beloit, Tsubakimoto Europe, VULKAN, and WPT Power.
According to the industrial clutches and brakes market report, one driver in the market is the increasing demand for higher capacity conveyor drives. A conveyor drive system is a mechanical arrangement used for carrying goods from one location to another.
An electric or mechanical drive controls the speed of the conveyor system through suitable arrangements of gear, clutch, and brake systems.
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The backstop is one of the most popular clutches used in a conveyor drive system. In the recent days, the rising demand for consumer goods, especially in the food and beverage sector, has prompted the increase in requirement for high-capacity conveyor drives for the expansion of production processes.
These drives need a larger backstop to control the motion of a conveyor. Therefore, manufacturers have started building high-rated backstop to meet these requirements.
The industrial clutches and brakes market study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Commenting on the industrial clutches and brakes market report, an analyst said: "One trend in the market is the increasing need for miniaturization of clutches and brakes. The demand for servomotors is gradually increasing due to the rising need for automation.
Servomotor controls the movement of an axle itself. However, during power shutdown, axles of these motors are found misplaced most of the times.
This happens due to the excitation failure of the magnetic field in servomotors. Therefore, during a power shutdown, the use of clutches and brakes helps the motor axle retain its position through a spring or permanent magnet."
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