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Industrial Planetary Gearbox Market Witnessing High Growth By Key Players | Outlook To 2033

Posted by Latest Market Trends on August 1, 2024 at 10:13am 0 Comments

The global industrial planetary gearbox market is poised for significant expansion, with an anticipated valuation of USD 6.5 billion by 2033, driven by a steady Compound Annual Growth Rate (CAGR) of 5.2% from 2023 to 2033.



A key driver behind this growth is the increasing demand for precision gearboxes, particularly within the cement industry. The cement sector's adoption of advanced material handling tools such as bucket elevators, belt conveyor systems, and wagon tipplers has… Continue

The Japanese government has decided to release radioactive water from the destroyed Fukushima nuclear plant into the sea. That's according reports from the Kyodo news agency and other media on Friday (October 16). They say a formal announcement is expected to be made later this month. The nuclear plant at Fukushima was crippled by an earthquake and tsunami nine years ago. Since then, Tokyo Electric Power Company Holdings has collected more than one million tons of contaminated water. Japanese Chief Secretary Katsunobu Kato said on Friday (October 16) that no decision has been made, but the government aims to make one quickly. He didn't give any further details, including a timeframe. The build-up of contaminated water at Fukushima has been a sticking point in the clean-up, which is likely to last decades. The delayed Olympic Games are due to be held in Tokyo next summer, with some events less than 40 miles from the plant.

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