Industrial Gearbox Market Projected to Grow with a Strong CAGR, with Growth of $8.44 Billion Projected by 2028 [Yahoo! Finance]
Emerson Electric Company (EMR)
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Source: Yahoo! Finance
The latest comprehensive study on the Industrial Gearbox Market reveals promising growth prospects, with an expected compound annual growth rate (CAGR) of 4.22% from 2022 through 2028. This growth trajectory underscores the increasing applications of gearboxes across various end-user industries, including power generation, cement, food & beverage, and especially the burgeoning wind power sector. In the wind power industry, gearboxes are instrumental in translating the kinetic energy generated by wind turbines into electrical energy. As nations worldwide commit to substantial offshore wind capacity targets—380 GW by 2030 and an impressive 2,000 GW by 2050—the demand for gearboxes suited for this application is anticipated to soar. Market Trends & Opportunities: The global quest for renewable energy sources is bolstering the industrial gearbox market, with a particular focus on developments within the wind power industry. An upsurge in the sugar industry, notably in countries l
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EMR
Earnings
- 2/7/24 - Beat
EMR
Sec Filings
- 3/21/24 - Form 11-K
- 3/21/24 - Form 11-K
- 3/5/24 - Form 4
- EMR's page on the SEC website