Indonesia Gear Motors Market to Emerge at a Steady Rate in the Forecast Period.
Growing demand from
agricultural industry and the surge in demand for eco-friendly energy is
expected to drive the demand of the Indonesia Gear Motors Market in the
forecast period.
According to TechSci Research report, “Indonesia
Gear Motors Market By Type (Helical Gear Motors, Helical-Bevel Gear Motors,
Worm, Planetary and Others) By Product Type (Gearbox and Gear Motor) By Rated
Power (Up to 7.5 kW, 7.5 kW to 75 kW and Above 75 kW) By Torque (Up to 10,000
Nm and Above 10,000 Nm) By End Use Industry (Wind Power, Metals and Mining,
Automotive, Construction, Chemicals & Petrochemicals, Power Generation
(Excluding Wind Power), Others) By Region, Company Forecast &
Opportunities, 2026”, the Indonesia gear motors market is expected to grow
at a steady rate in the forecast period. Gear motors are the combination of the
gearbox and electric motor, and these refer to the motors that contain
mechanical gears to control the torque and speed of the motor which depends on
the variety of applications and requirements. A gear motor can run either on
alternating current or direct current. Energy consumption in Indonesia is
dominated by fossil fuels. With the rise in population, the demand for more energy
generation is increasing. The growth of the renewable energy sector and the
depleting traditional energy sources with high subsidy on the fossil fuel is
driving the growth of the gear motors market. Leading authorities are
introducing initiatives for the implementation of wind energy as it is free and
can be reached to remote locations easily at lower costs which in turn is
expected to fuel the gear motors market growth.
The COVID-19 outbreak across the world which has been
declared as a pandemic by World Health Organization has affected several
countries adversely. Coronavirus-affected patients started suffering from
shortness of breath along with coughing and sneezing. Leading authorities of
Indonesia imposed lockdown restrictions and released a set of precautionary
measures to contain the spread of novel coronavirus. Manufacturing units were
temporarily shut down and the workers moved back to their native places which
created a shortage of workforce at the manufacturing units. The disruption in
the supply chain was observed due to restrictions imposed on the import and
export activities. Therefore, COVID-19 negatively impacted the gear market
growth in the forecast period.
However, high maintenance and manufacturing costs of
gear motors may restrain the gear motor market growth in the forecast period.
Browse XX Figures spread through XX Pages and an
in-depth TOC on "Indonesia Gear
Motors Market”.
https://www.techsciresearch.com/report/indonesia-gear-motors-market/7821.html
Indonesia gear motors market
can be segmented based on type, product type, rated power, torque, end use
industry, regional distribution, and company. Based on the end use industry,
the market can be divided into wind power, metals and mining, automotive,
construction, chemicals & petrochemicals, power generation (excluding wind
power), others. The wind power segment is expected to dominate the gear motors
market in the forecast period, 2022-2026. Indonesia has limited water and
electricity supply and the construction of power generation plants is quite
expensive. With the growing energy consumption rate, the demand for energy
generation from non-conventional sources of energy is expected to rise in the
forecast period. Generation of energy from wind energy is still at nascent
stage and contains huge potential in future thereby is expected to boost the
demand of gear motors market as it is used in the wind power plants.
GH Gear Motors Arabia FZCO,
Caterpillar Inc, Hitachi Construction Machinery Limited, Tadano Limited,
Liebherr Group, Kobe Steel, Ltd, HUTA Group, ACT Gear Motors & Heavy
Equipment, Grove Worldwide LLC, RCF Co. Riyadh Gear Motors Co are the leading players operating in Indonesia
gear motors market. Manufacturers are increasingly focusing on research and
development process to fuel higher growth in the market. To meet evolving
customer demand with respect to better efficiency and durability, several gear
motor manufacturers are coming up with their technologically advanced
offerings.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=7821
Customers can also request for 10% free
customization on this report.
“The rise in the number of green energy projects to curb
down pollution levels and promote sustainable energy generation and the growth
of the industries is expected to influence the market growth. High-end
investments by the market players for technological advancements for the
existing infrastructure to devise simpler, compact, and modular designs and
increase the efficiency and performance of gear motors are expected to pave the
way for market growth. The growing adoption of hybrid technology and the huge
demand from the agricultural industry is anticipated to propel the Indonesia
gear motors market growth till 2026”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Indonesia Gear Motors Market By Type (Helical Gear Motors,
Helical-Bevel Gear Motors, Worm, Planetary and Others) By Product Type (Gearbox
and Gear Motor) By Rated Power (Up to 7.5 kW, 7.5 kW to 75 kW and Above 75 kW)
By Torque (Up to 10,000 Nm and Above 10,000 Nm) By End Use Industry (Wind
Power, Metals and Mining, Automotive, Construction, Chemicals &
Petrochemicals, Power Generation (Excluding Wind Power), Others) By Region,
Company Forecast & Opportunities, 2026” has evaluated the future
growth potential of Indonesia gear motors 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 decision. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the Indonesia gear motors market.
Browse Related Reports
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]