Gear Motor Market Potential Growth, Share, Demand and Analysis of Key Players- Research Forecasts by 2023 | MRFR


Posted April 5, 2019 by DhanashreeP

Gear Motor Market Research Report: Information by Gear Type, Product Type (Gearbox, Integrated Gear Motor Unit) Rated Power, kW (Up to 7.5, 7.5-75, and Above 75), Torque (Nm), Industry & Region – Forecast till 2023
 
Gear motors is an electrical machinery which is capable of producing high torque at low speed motor output. These motors are generally a combination of a motor plus and a reduction gear train. The gear reduction (Gear train) reduces the speed of the motor, with corresponding increase in torque. Gear motor are of 4 major types including helical gear motor, shaft mounted gear motor, bevel-geared motor, and worm gear motor. The gear motor market is mainly dominated by helical gear motor and followed by gear motors with helical-worm and the gear unit, enabling speed changes to be made with wide ranges. The typical application areas of gear motor include home electrical appliances. These applications include control knobs in washer and dryer machines, can openers, alarm clocks, and garage doors, among others.

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Global gear motor market is expected to witness a moderate growth during the forecast period owing to increasing renewable energy generation and requirement of increasing efficiency in the renewable sector. For instance, wind segment dominates the market as many offshore turbines are being installed for catering to increasing energy demand. Moreover, wind energy in Europe will witness a growth of an average of 16.5 GW per year till 2022.

Key Players

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

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Industry Segmentation

Global gear motor market has been segmented based on gear type, product type, rated power, torque, industry, and region. Based on gear type, the market has been classified into planetary gear motor, helical gear motor, helical-bevel gear motor, worm gear motor, and others. Helical gear motor type segment is expected to dominate the gear motors market, due to the fact that these kind of motors last longer as compared to other gear motors and are ideal for high-load applications, since they have a higher number of teeth in contact.

Regional Outlook

Region wise, Asia-Pacific held the largest market share of the global gear motors market in 2017. The countries contributing to the largest market share of the region include India, and China, among major Southeast Asian countries. Moreover, India and China are also expected to be the fastest growing countries due to development of existing infrastructure.

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Tags gear motor market , gear motor market analysis , gear motor market share , gear motor market size
Last Updated April 5, 2019