Gear
Motor Market Overview:
Gear
motors are electrical machinery to better high torque performance with low
speed motor output. The technology is a combination of a motor plus and a
reduction gear train. Such a technology has huge application in various sectors
and due to this the Gear
Motor Market is expected to maintain a steady 5.80% CAGR during the
forecast period (2018-2023). Market Research Future (MRFR) assures that the
growth would not be hampered much by other external factors.
Several
industries like automotive, construction, and others are going to provide
traction to the global gear motor market. Its modular & compact design and mechanical
simplicity are features providing much backup to its growing popularity. The
gear motor market is also gaining traction from eco-friendly measures across
the world. Its compact design has made its percolation in home appliances
sector quite easy. These products are also equally efficient and
cost-affordable owing to which easy market permeation is quite possible.
Competitive Landscape:
Several
companies are introducing ground-breaking tactical moves to take care of their
global position in the gear motor market. These companies are Baldor Electric
Company, Eaton Corporation PLC., Siemens AG, Watt Drive Antriebstechnik GmbH,
Sew-Eurodrive GmbH & Co. Kg, Winergy, Sumitomo Heavy Industries Ltd, Bauer
Gear Motor GmbH, Emerson Electric Co, Elecon Engineering Company Ltd, Johnson
Electric Holdings Limited, Brevini Power Transmission S.P.A., China High Speed
Transmission Equipment Group Co. Ltd, Bonfiglioli Riduttori S.P.A, and others.
MRFR enlisted these companies to have better profiling of these companies and a
proper understanding of trends impacting the most.
Gear
Motor Industry Segmentation:
The
global gear motor market has been substantially analyzed by MRFR and is based
upon segments like gear type, product type, rated power, torque, and industry. The
research report has its entire focus on the understanding of deciphering
various factors and trigger points that improves the global market scenario.
Based
on the gear type, the gear motor market comprises worm gear motor, planetary
gear motor, helical-bevel gear motor, helical gear motor, and others.
Based
on the product type, the gear motor market includes gearbox and integrated gear
motor unit.
Based
on the torque, the gear motor market comprises up to 10,000 Nm and above 10,000
Nm.
Based
on the related power, the gear motors market can be segmented into up to 7.5
KW, 7.5 to 75 KW, and above 75 KW.
Based
on end-users, the gear motors market has significant takers like material
handling, food & beverage, marine, wind power, metals & mining, power
generation, cement & aggregates, construction, automotive, chemicals,
rubber, plastics, and others.
Regional Analysis:
North
America, Europe, Asia Pacific (APAC), South America, and Middle East &
Africa (MEA) are the five major regions included in the MRFR report of the gear
motor market. Such a segmentation allows better understanding of growth
pockets.
The
APAC market has the dominance as per the market reports published in 2017. The
regional market is expecting better growth due to the strong performances of
India, China, and others. These countries are revamping their economies by incorporating
substantial potential for various industries. This is expected to create a
broader spectrum for the regional market. Automotive and construction
industries are particularly eyeing for such a technological interference to
gain better market exposure.
Europe
and North America, on the other hand, are benefitting much from the already
present robust technological setups in these regions. Countries like the US,
Canada, France, the UK, Germany, and others are having remarkable impacts on
these regional markets.
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Reports:
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