Industrial Gear Motors & Drives Market 2017 Global Trends, Market Share, Growth and Market Forecast to 2022
Industrial Gear Motors & Drives market include power transmission components that are primarily used to reduce cost and complexity in designing machines, tools, and appliances that need high torque at low shaft speed. The market is expected to witness high growth owing to the rising demand of machined products in the mechanical industry.
Industrial Gear Motors & Drives market include power transmission components that are primarily used to reduce cost and complexity in designing machines, tools, and appliances that need high torque at low shaft speed. The market is expected to witness high growth owing to the rising demand of machined products in the mechanical industry.
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<strong>Industrial</strong> <strong>Gear</strong> <strong>Mo<strong>to</strong>rs</strong> & <strong>Drives</strong> <strong>Market</strong> <strong>2017</strong> <strong>Global</strong> <strong>Trends</strong>,<br />
<strong>Market</strong> <strong>Share</strong>, <strong>Growth</strong> <strong>and</strong> <strong>Market</strong> <strong>Forecast</strong> <strong>to</strong> <strong>2022</strong><br />
“<strong>Industrial</strong> gear mo<strong>to</strong>rs & drives market include power transmission<br />
components that are primarily used <strong>to</strong> reduce cost <strong>and</strong> complexity in<br />
designing machines, <strong>to</strong>ols, <strong>and</strong> appliances that need high <strong>to</strong>rque at low<br />
shaft speed. The market is expected <strong>to</strong> witness high growth owing <strong>to</strong> the<br />
rising dem<strong>and</strong> of machined products in the mechanical industry.”<br />
<strong>Industrial</strong> <strong>Gear</strong> <strong>Mo<strong>to</strong>rs</strong> & <strong>Drives</strong> market include power transmission components that are primarily used <strong>to</strong> reduce cost<br />
<strong>and</strong> complexity in designing machines, <strong>to</strong>ols, <strong>and</strong> appliances that need high <strong>to</strong>rque at low shaft speed. The market is<br />
expected <strong>to</strong> witness high growth owing <strong>to</strong> the rising dem<strong>and</strong> of machined products in the mechanical industry.<br />
Mechanical industry is projected <strong>to</strong> grow more than a quarter over the forecasted period mainly due <strong>to</strong> the increasing<br />
dem<strong>and</strong> in industries such as au<strong>to</strong>mobile, aerospace, petroleum <strong>and</strong> food & beverage. The au<strong>to</strong>mobile <strong>and</strong> aerospace<br />
industries are forecasted <strong>to</strong> grow more than 15% CAGR <strong>and</strong> 11% CAGR respectively, majorly due <strong>to</strong> the growing<br />
consumer dem<strong>and</strong>, economic development, <strong>and</strong> st<strong>and</strong>ard of living. Similarly other industries are expected <strong>to</strong> report high<br />
growth owing <strong>to</strong> the competition, awareness, <strong>and</strong> new product development.<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/industrial-gear-mo<strong>to</strong>rs-<strong>and</strong>-drives-market<br />
Growing dem<strong>and</strong> of high quality finished product, increasing dependence on au<strong>to</strong>mation, growing consumer<br />
expectations, <strong>and</strong> continuous innovation & development are the key drivers that are projected <strong>to</strong> propel the market<br />
growth over the next seven year. These driving fac<strong>to</strong>rs support the market in reducing cost, time, & other resources,<br />
hence in achieving high operational efficiency, MTBF (mean time before failure), <strong>and</strong> quality. The key restraints that
are expected <strong>to</strong> slightly decrease the market growth are government regulations, stringent emission norms, high<br />
competition, low profit margins, <strong>and</strong> changing consumer behavior<br />
The market is segmented by type in<strong>to</strong> St<strong>and</strong>ard geared products <strong>and</strong> Precision geared products. St<strong>and</strong>ard geared mo<strong>to</strong>rs<br />
are compliant <strong>to</strong> IEC/EN st<strong>and</strong>ards. These mo<strong>to</strong>rs majorly come in the power range of 200kW, with a gear unit <strong>to</strong>rques<br />
of up <strong>to</strong> 35,000 Nm. The prime strengths that boost its dem<strong>and</strong> in the market are high rated gear unit <strong>to</strong>rques, high gear<br />
unit ratio, quiet geared mo<strong>to</strong>rs, <strong>and</strong> high degree of flexibility. On the other h<strong>and</strong> Precision geared mo<strong>to</strong>rs are majorly<br />
used <strong>to</strong> exhibit continuous drive applications, high quality, high durability, <strong>and</strong> high operating life. These mo<strong>to</strong>rs are<br />
primarily segmented <strong>to</strong> provide medium <strong>to</strong> high <strong>to</strong>rque ranging from 500 Nm <strong>to</strong> 7000 Nm. They are typically used in<br />
industrial applications such as in driving belts, production lines, <strong>and</strong> mixers or stirrers (specifically for paints), <strong>and</strong> in<br />
consumer applications such as printing machines, electric curtain rails, <strong>and</strong> model <strong>to</strong>y cars. The precision geared<br />
products are preferred over st<strong>and</strong>ard geared products where there is a dem<strong>and</strong> of continuous drives, medium <strong>to</strong>rque<br />
dem<strong>and</strong>, technical bulletins, unparalleled technical support, <strong>and</strong> web based help features.<br />
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The market is segmented by applications in<strong>to</strong> vending machines, washing machines, fan oscilla<strong>to</strong>rs, valve actua<strong>to</strong>rs,<br />
peristaltic pumps, lubricating equipment, label & packaging equipment, garage door openers, stair lifts, power drillers,<br />
cake mixers, robotics, cranes, jacks, <strong>and</strong> electromechanical clocks. The aforementioned applications segment application<br />
uses varieties of geared mo<strong>to</strong>rs such as AC powered, DC powered, fixed-speed drives, <strong>and</strong> variable speed drives. DC<br />
powered drives are primarily used in au<strong>to</strong>motive industrial applications such as windshield wiper mo<strong>to</strong>rs, power window<br />
mo<strong>to</strong>rs, Water pumps, <strong>and</strong> power lifting devices in trucks.<br />
The <strong>Industrial</strong> <strong>Gear</strong> <strong>Mo<strong>to</strong>rs</strong> <strong>and</strong> <strong>Drives</strong> market is segmented by functions in<strong>to</strong> <strong>to</strong>rque multiplication, speed regulation,<br />
<strong>and</strong> mechanical advantage. These functions drive the market significantly <strong>and</strong> are forecasted <strong>to</strong> propel more over the<br />
next seven years due <strong>to</strong> the growing dependence on machined products, <strong>and</strong> increasing dem<strong>and</strong> of high quality products.<br />
See More Reports of This Category by Million Insights @<br />
https://www.millioninsights.com/industry/machinery-<strong>and</strong>-machine-parts<br />
The market is segmented by region in<strong>to</strong> North America, Latin America, Europe, Asia Pacific, <strong>and</strong> Middle East. North<br />
America accounts for major market share globally due <strong>to</strong> the presence of high dependence on manufacturing industry,<br />
companies focused in providing high quality, precision products. Particularly the US accounts for high market share<br />
among other countries in the region, due <strong>to</strong> the growing awareness about the applications, functions, resource allocation,<br />
<strong>and</strong> responsive in adopting the advanced technologies. The European region accounts for the second highest market<br />
share mainly due <strong>to</strong> the increasing consumer dem<strong>and</strong>, economic development, <strong>and</strong> continuous innovation. The Asia<br />
Pacific region is forecasted <strong>to</strong> witness fastest growth due <strong>to</strong> the increasing investments <strong>and</strong> growth in industries such as<br />
Au<strong>to</strong>motive, Food & beverage, Infrastructure, Petroleum, Manufacturing. Particularly countries such as India, China,<br />
Japan, <strong>and</strong> Singapore accounts for major market share mainly because of increasing globalization <strong>and</strong> high economic<br />
developments. People in these countries have high disposable income as compared <strong>to</strong> other countries in APAC which<br />
in turn enables them <strong>to</strong> depend more on machined products. Middle East & African region is a high potential market as<br />
constituting countries have high gross domestic product <strong>and</strong> high per capita income, but due <strong>to</strong> low penetration of<br />
manufacturing sec<strong>to</strong>r, they are majorly in<strong>to</strong> service sec<strong>to</strong>r. In the next seven years, the region is expected show a
substantial growth in the industrial geared mo<strong>to</strong>rs <strong>and</strong> drives market.Prominent vendors in the industrial geared mo<strong>to</strong>rs<br />
<strong>and</strong> drives market are ABB, Bonfiglioli RIDUTTORI, Emerson electric, Siemens, Bos<strong>to</strong>n gear, Ea<strong>to</strong>n, Nord drive<br />
system, Faulhaber, Portescape, Demag, Varvel, Bison, Rexnord, Thomson <strong>and</strong> SEW-EURODRIVE.<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/industrial-gear-mo<strong>to</strong>rs-<strong>and</strong>-drives-market<br />
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