Global Gear Motor Market is expected to grow at a robust CAGR.
Global Gear Motor Market is expected to grow owing to Large-scale
penetration of gear motors in power-generating industries as well as in food
& beverages throughout the forecast period.
According to TechSci Research report, “Gear Motor Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, the Global
Gear Motor Market is expected to register
robust growth during the forecast period owing to rapid modernization of
industrial infrastructure and the increasing energy consumption in emerging
countries have led to the widespread use of motors in plant automation. These
motors are typically employed in various applications such as conveyor belts,
overhead cranes, and bucket elevators. Geared motors play a crucial role in the
manufacturing process, finding application in tasks like rolling, processing,
and refining raw materials. They are utilized in a range of equipment,
including band saws, power rollers, press brakes, and pipe benders. Moreover,
these motors are also employed in elevators, winches, medical tables, jacks,
and robots due to their ability to deliver strong driving forces at low speeds,
all while maintaining cost-effectiveness and low power consumption.
The utilization of geared
motors is propelled by the rapid modernization of industrial infrastructure and
the escalating energy consumption in emerging nations. In plant automation,
these motors are commonly employed in conveyor belts, overhead cranes, and
bucket elevators. Geared motors find extensive usage in the manufacturing
process across various applications such as rolling, processing, and refining
raw materials. Notable examples include band saws, power rollers, press brakes,
and pipe benders. Moreover, elevators, winches, medical tables, jacks, and
robots rely on geared motors as they enable cost-effective, low-power motors to
generate robust driving forces at low speeds. According to the United Nations
Conference on Trade and Development (UNCTAD), the global Internet of Things
(IoT) market is projected to reach a value of USD 1.5 trillion by 2025. The
market is poised for significant growth in the coming years as IoT systems
become more interconnected, enabling streamlined data analysis and connectivity
of automation systems. This factor is anticipated to have a profound impact on
the global market outlook throughout the forecast period.
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The Global Gear Motor
Market is segmented based on product, rated power, gear type, end-user industry
and region. Based on product, the market is bifurcated into gearbox and gear
motor. Based on rated power, the market is bifurcated into up to 7.5kw, 7.5kw
to 75kw and above 75kw. Based on gear type, the market is bifurcated into helical,
helical-bevel, planetary and worm. Based on end-user industry, the market is
bifurcated into wind power, material handling, food & beverage, cement
& aggregates and others. Based on region, the market is further bifurcated
into North America, Asia-Pacific, Europe, South America, Middle East & Africa.
Based on gear type, Helical segment is expected to dominate the market during the forecast period. The
helical gear motor segment plays a vital role in the global gear motor market.
Helical gear motors are extensively utilized in various industrial applications
due to their efficiency, smooth operation, and capability to handle moderate to
high loads. These gear motors are being integrated into automated systems and
Industry 4.0 solutions, incorporating sensors, controllers, and network
connectivity for remote monitoring, control, and predictive maintenance. With
the growing emphasis on energy efficiency, helical gear motors are the
preferred choice due to their improved efficiency compared to other gear types.
They contribute significantly to reducing energy consumption and operational
costs.
Based on product, Gearbox
segment is projected to dominate the market throughout the forecast period. The
gearbox segment is a crucial component of the global gear motor market, playing
a pivotal role in various industries by converting input energy into desired
output motion, speed, and torque. Gearboxes are utilized to adjust speed,
increase torque, and regulate the behavior of mechanical systems. They find
extensive application in construction equipment, cranes, and lifts, thereby
bolstering the growth of the construction and infrastructure sectors. Moreover,
the wind energy sector heavily relies on gearboxes to convert the low
rotational speed of wind turbine blades into higher speed rotation for
electricity generation. The increasing adoption of renewable energy sources
further fuels the demand for gearbox solutions. Notably, design enhancements,
including optimized gear profiles, reduced backlash, and improved lubrication
systems, contribute significantly to attaining higher gearbox efficiency.
Key market players in the Global Gear
Motor Market are:-
- Bonfiglioli
S.P.A.
- Watt
Drive Antriebstechnik GmbH
- Bauer
Gear GmBH
- Nidec
Corporation
- Siemens
AG
- Johnson
Electric Holdings Limited
- Shanthi
Gears Limited
- Emerson
Electric Co
- Jiangsu
Guomao Reducer Co. Ltd.
- Brevini
Power Transmission S.P.A.
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“Asia
Pacific is expected to dominate the market. The growth in the region is
primarily driven by the increasing industrialization and urbanization, and
rising demand for automation in various industries such as food and beverages,
material handling, and packaging. China and India are the major contributors to
the market growth in the region. The increasing investment in infrastructure
and construction activities in the region is also expected to boost the demand
for gear motors.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Gear Motor Market – Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2018-2028 Segmented By Product (Gearbox and Gear Motor), By Rated
Power (Up to 7.5kW, 7.5kW to 75kW and Above 75kW), By Gear Type (Helical,
Helical-Bevel, Planetary and Worm), By End-User Industry (Wind Power, Material
Handling, Food & Beverage, Cement & Aggregates and Others), By Region,
Competition,” has evaluated the future growth
potential of Global Gear Motor Market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Gear Motor Market.
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