Global Gear Motors Market, 2016–2024
Growing number of renewable energy projects to become the prominent contributor towards green revolution and increasing number of industries is majorly driving the global gear motors market.
Growing number of renewable energy projects to become the prominent contributor towards green revolution and increasing number of industries is majorly driving the global gear motors market.
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Published By: Zion <strong>Market</strong> Research<br />
<strong>Gear</strong> <strong>Motors</strong> <strong>Market</strong> Size & Share is growing globally by 2024<br />
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<strong>Gear</strong> <strong>Motors</strong> <strong>Market</strong><br />
<strong>Global</strong> <strong>Gear</strong> <strong>Motors</strong> <strong>Market</strong>: Overview<br />
A motor assembled with a set of speed gears is termed as gear motor. An electric motor<br />
and reduction gear are integrated into a single unit, which further can be collectively<br />
installed with motor shaft better compactness. This motor can be operated in various<br />
directions such as horizontal, vertical, or tilted position. Larger torque can be achieved by<br />
using a higher gear ratio.<br />
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<strong>Global</strong> <strong>Gear</strong> <strong>Motors</strong> <strong>Market</strong>: Segmentation<br />
The global gear motor market is segmented based on various factors such as product type,<br />
gear type, power, and by end user industries. Segmentation based on product type is<br />
bifurcated as the gearbox and gear motor. On the basis of gear types, the market is<br />
diversified as helical, helical-bevel, planetary, worm, and certain other types. Further, based<br />
on the power rate, it is segmented in different ratios such as 75 kW. Moreover, torque factor is also segmented as 10,000 Nm.<br />
In addition, based on the end user the global gear motor market is segmented as<br />
automotive, wind power, construction, marine machinery, and many other applications.
<strong>Gear</strong> <strong>Motors</strong> <strong>Market</strong><br />
<strong>Global</strong> <strong>Gear</strong> <strong>Motors</strong> <strong>Market</strong>: Growth Factors<br />
Growing number of renewable energy projects to become the prominent contributor towards<br />
green revolution and increasing number of industries is majorly driving the global gear<br />
motors market. Drastic change in designing process, implementation of modular and<br />
compact design, and simplified mechanical designs of the concern products are some<br />
design based growth factors fostering the global gear motors market. Awareness about the<br />
trending hybrid technology is also one of the factors boosting the demand for the gear<br />
motors. On the other side, high maintenance & manufacturing cost and availability of<br />
various alternative products are hampering the growth of the global gear motors market.<br />
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<strong>Global</strong> <strong>Gear</strong> <strong>Motors</strong> <strong>Market</strong>: Regional Analysis<br />
Geographically, Europe has been showing an appreciable growth and is projected to lead<br />
the global gear motor market. Asia Pacific region may witness a rapid growth due to rising<br />
number of wind power producing projects and high industrial development in regions like<br />
Japan, India, and China. North America is also predicted to grow in coming future owing to<br />
huge investment in renewable energy and wind power generation projects.<br />
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<strong>Gear</strong> <strong>Motors</strong> <strong>Market</strong><br />
<strong>Global</strong> <strong>Gear</strong> <strong>Motors</strong> <strong>Market</strong>: Competitive Players<br />
Some of the prominent players leading the global gear motors market include Elecon<br />
Engineering Company Ltd, Siemens AG, Sew-Eurodrive GmbH & Co. Kg, Bonfiglioli<br />
Riduttori S.P.A, China High-Speed Transmission Equipment Group Co. Ltd., Emerson<br />
Electric Co., Sumitomo Heavy Industries Ltd., Watt Drive Antriebstechnik GmbH,. Other key<br />
players comprise Eaton Corporation PLC., Baldor Electric Company, Winergy, Brevini<br />
Power Transmission S.P.A., Bauer <strong>Gear</strong> Motor GmbH, Elecon Engineering Company Ltd.,<br />
and Johnson Electric Holdings Limited.<br />
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<strong>Gear</strong> <strong>Motors</strong> <strong>Market</strong><br />
Zion <strong>Market</strong> Research<br />
Address: 4283, Express Lane, Suite 634-143, Sarasota, Florida 34249, United States<br />
Tel: +1-386-310-3803 GMT<br />
+49-322 210 92714 Tel: +1-855-465-4651 (US/CAN TOLL FREE)<br />
Email: sales@zionmarketresearch.com<br />
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