Rising investment in
heavy industries and end user industry segments such as materials,
wind power, food and beverages is driving the Geared
Motors
Market.
Economic stability across the market is expected to increase the
consumer spending in gearbox motors market leading to growth and
demand for the market and its products. Rising concerns over the
escalating energy costs and environmental concerns would promote the
use of wind power farms. Thus, use of gear motors in turbine of
non-conventional energy generators such as wind and hydroelectric
power is one of the major market segments of the geared motors
market. The demand of geared motors from non-conventional energy
sources sector is expected to drive the market over the coming years.
At the same, the ease of use and simplicity of the design are
facilitating the widespread acceptance of gear motor technology
across the end-user segments and applications.
Geared motors are
cost effective for mechanical, industrial and other power
transmission applications. Flexibility in usage and modular design
led to the cost effectiveness of the geared motors. However, there
are many new technologies which are posing a challenge for growth of
geared motors market. For instance, variable frequency drives is a
technology restraining the growth of this market. Falling prices,
increasing awareness about the advantages and widespread availability
of the electric drives are motivating the end users of geared motors
market to adopt this newer technology. Tough many potential
applications are being addressed by the geared motors successfully;
geared motors are finding it difficult to penetrate advance and new
applications to increase the market share in motors market. Investing
in research and development for the development of cost effective and
solutions in geared motors market would open newer opportunities for
geared motors market.
Global geared motors
market is segmented on the basis of type of gearbox, type of gear box
mounting, end use industry and geography. On the basis of type of
gear box used in motor the global geared motors market is segmented
into helical gearboxes geared motors, bevel gearboxes geared motors,
worm gearboxes geared motors and planetary gearboxes geared motors.
On the basis of gear box mounting the geared motors market is
segmented into in line geared motors and shaft mounted geared motors.
Geared motors find their application in various industry sectors.
Thus, based on the end-use industry the geared motors market is
segmented into metals and mining industry, material handling
industry, food and beverages industry, power industry, chemical
industry, construction industry, petrochemical industry, pulp and
paper industry, heavy machinery industry, water and waste water
management industry, oil and gas industry, agriculture industry and
other industry. Currently North America is the largest market for
geared motors in terms of market share and European market for geared
motors has recorded consistent growth in recent years.
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Report :
Global geared motors
market is highly Competitive in nature.
Siemens AG, Radicon. (Elecon Group Company), Johnson Electric, Framo
Morat Group, Portescap Inc., Varvel SpA, Leroy Somer, Bauer Gear
Motor, Bison Group, Sumitomo Drive Technologies, SEW-Eurodrive, BFT
Automation UK Ltd. and WEG S.A., among others are some of the major
players in global geared motors market.
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