Northeast Securities(SZ:000686) Zhi Tong Cai Jing·2025-06-05 05:56Core Viewpoint - The current industrial robot sector is dominated by RV and harmonic reducers, but cycloidal reducers are expected to break the bottleneck of a single technical route for humanoid robot reducers due to their high load capacity, impact resistance, and precision [1] Group 1: Cycloidal Reducer Characteristics - The cycloidal reducer is a novel transmission device that uses a planetary transmission principle and cycloidal pin gear meshing [2] - It consists of an input section, a reduction section, and an output section, providing compact structure, high transmission efficiency, stable operation, and long service life [2] Group 2: Comparison of Precision Reducers - Precision reducers include planetary reducers, harmonic reducers, RV reducers, and cycloidal reducers, each with distinct advantages and disadvantages [3] - RV reducers have high reduction ratios and efficiency but are large and costly; planetary reducers are small and inexpensive but perform poorly in reduction ratio and precision; harmonic reducers offer high reduction ratios and precision but have low load capacity and impact resistance [3] Group 3: Application in Humanoid Robots - Industrial robots are the main application area for precision reducers, with RV and harmonic reducers currently dominating the market [4] - Cycloidal reducers, combining the advantages of RV and harmonic reducers, are expected to be utilized in humanoid robots, particularly in industrial scenarios that require high load capacity and impact resistance [4] Group 4: Market Developments - Several companies have launched cycloidal reducer products, indicating a growing interest in this technology within the humanoid robot industry [5] - Companies such as Keda Li, Haoneng Co., Zhongdali De, and Shuanghuan Transmission are highlighted as key players in the cycloidal reducer market [5]