The global gear motor market is projected
to grow at a moderate rate during the forecast period, due to growing number of
energy projects requiring high level of efficiency. Also, growing number of
renewable energy projects are likely to become the prominent contributor
towards green revolution and growing number of industries are majorly driving
the global gear motors market. Evolutionary changes in the designing processes,
implementation of modular and compact design of the gear motor, and simplified
mechanical designs of any product are also the major factors driving the gear
motors market.
Gear motor is a motor assembled with a set
of speed gears. An electric motor and reduction gear are integrated into a
single unit, which further can be collectively installed with motor shaft
better compactness. These kinds of motors can be operated in various directions
such as horizontal, vertical, or tilted position. Larger torque can be achieved
by using a higher gear ratio. These motors also comprise of mechanical gears to
control the speed of the motor depending upon the type of application and
requirements.
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Segmental
Analysis
Global gear motor market has been
segmented based on gear type, product type, rated power, torque, industry, and
region. Based on gear type, the market has been classified into planetary gear
motor, helical gear motor, helical-bevel gear motor, worm gear motor, and
others. Helical gear motor type segment is expected to dominate the gear motors
market, due to the fact that these kind of motors last longer as compared to
other gear motors and are ideal for high-load applications, since they have a
higher number of teeth in contact.
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Regional
Analysis
Region wise, Asia-Pacific held the largest
market share of the global gear motors market in 2017. The countries
contributing to the largest market share of the region include India, and
China, among major Southeast Asian countries. Moreover, India and China are
also expected to be the fastest growing countries due to development of
existing infrastructure.
Key
Players
The key players of global Gear Motor market
are Eaton Corporation PLC., Siemens AG, Baldor Electric Company, Sew-Eurodrive
GmbH & Co. Kg, Winergy, Watt Drive Antriebstechnik GmbH, Bauer Gear Motor
GmbH, Sumitomo Heavy Industries Ltd, Johnson Electric Holdings Limited, Emerson
Electric Co, Elecon Engineering Company Ltd, China High Speed Transmission
Equipment Group Co. Ltd, Brevini Power Transmission S.P.A., and Bonfiglioli
Riduttori S.P.A, among others.
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