Global Gear Motors Market share will expand till 2016-2024

Zion Market Research, the market research group announced the analysis report titled ‘Gear Motors Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’

Global Gear Motors Market: Overview

A motor assembled with a set of speed gears is termed as gear motor. An electric motor and reduction gear are integrated into a single unit, which further can be collectively installed with motor shaft better compactness. This motor can be operated in various directions such as horizontal, vertical, or tilted position. Larger torque can be achieved by using a higher gear ratio.

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Global Gear Motors Market: Segmentation

The global gear motor market is segmented based on various factors such as product type, gear type, power, and by end user industries. Segmentation based on product type is bifurcated as the gearbox and gear motor. On the basis of gear types, the market is diversified as he

lical, helical-bevel, planetary, worm, and certain other types. Further, based on the power rate, it is segmented in different ratios such as 75 kW. Moreover, torque factor is also segmented as 10,000 Nm. In addition, based on the end user the global gear motor market is segmented as automotive, wind power, construction, marine machinery, and many other applications.

Global Gear Motors Market: Growth Factors

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. Drastic change in designing process, implementation of modular and compact design, and simplified mechanical designs of the concern products are some design based growth factors fostering the global gear motors market. Awareness about the trending hybrid technology is also one of the factors boosting the demand for the gear motors. On the other side, high maintenance & manufacturing cost and availability of various alternative products are hampering the growth of the global gear motors market.

Geographically, Europe has been showing an appreciable growth and is projected to lead the global gear motor market. Asia Pacific region may witness a rapid growth due to rising number of wind power producing projects and high industrial development in regions like Japan, India, and China. North America is also predicted to grow in coming future owing to huge investment in renewable energy and wind power generation projects.

Global Gear Motors Market: Competitive Players

Some of the prominent players leading the global gear motors market include Elecon Engineering Company Ltd, Siemens AG, Sew-Eurodrive GmbH & Co. Kg, Bonfiglioli Riduttori S.P.A, China High-Speed Transmission Equipment Group Co. Ltd., Emerson Electric Co., Sumitomo Heavy Industries Ltd., Watt Drive Antriebstechnik GmbH,. Other key players comprise Eaton Corporation PLC., Baldor Electric Company, Winergy, Brevini Power Transmission S.P.A., Bauer Gear Motor GmbH, Elecon Engineering Company Ltd., and Johnson Electric Holdings Limited.

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