Global Gear Motors Market Overview:

The increasing demand for power transmission equipment in industries, growing concerns regarding efficient power transmission, and increasing infrastructural development in developing regions are driving the global market for gear motors. Factors driving the gear motors market include increasing wind power installations, the minimal cost and compact nature of gear motors, and growing concerns regarding the efficiency of mechanical power transmission. The gear motors market is segmented on the basis of product type, gear type, rated power, torque range, industries, and region.

Key market players:

The report profiles some of the leading players in the gear motors market, including SEW-Eurodrive GmbH & Co. KG (Germany), Siemens AG (Germany), Bonfiglioli Riduttori S.p.A (Italy), and Winergy (Germany). Other players in the market include Bauer Gear Motor GmbH (Germany), Watt Drive Antriebstechnik GmbH (Germany), Brevini Power Transmission S.p.A. (Italy), Elecon Engineering Company Ltd. (India), Eaton Corporation PLC (Ireland), Emerson Electric Co. (U.S.) and China High Speed Transmission Equipment Group Co. Ltd. (China).

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Target Audience:

• OEMS
• Distributers & suppliers
• Consulting firms
• Private equity groups
• Investment houses
• Equity research firms
• Other similar entities

The wind power segment is expected to occupy the largest share of the gear motors market, by industry

Wind power is the largest end-use industry for gear motors, due to the large-scale application of speed-up gearboxes in wind turbines. Material handling and food & beverage are other major end-use industries that employ gear motors. The wind power segment of the gear motors market is expected to grow at the highest CAGR during the forecast period. The report segments the gear motors market on the basis of end-use industries into metals & mining, cement & aggregates, automotive, power generation (excluding wind power), construction, chemicals, rubber, & plastics, marine, and other industries.

Gear motors rated up to 7.5 kW are expected to account for the largest share of the gear motors market, by rated power

Motors rated up to 7.5 kW are estimated to constitute the largest segment of the gear motors market, owing to the large number of applications that fall within this segment. Most major applications in industries such as material handling, food & beverage, and automotive employ motors rated within this range. Gear motors rated between 7.5 kW to 75 kW formed the second-largest segment in 2015, owing to the large percentage of motor-driven applications within this range throughout the production, transportation, and processing cycle.

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Asia-Pacific is expected to dominate the global gear motors market

Asia-Pacific is estimated to be the largest market for gear motors, with China expected to lead the market in terms of growth rate from 2016 to 2021. The increasing investments in renewable energy, especially wind power generation, and industrialization in countries such as China, Japan, and India propels the growth of the market in the region. In this report, the gear motors market has been analyzed with respect to five regions namely, Asia-Pacific, Europe, North America, South America, and the Middle East & Africa. The gear motors industry is expanding in developing countries, owing to rising industrialization and infrastructural development activities. Increasing wind power installations and the low cost and compact nature of the equipment are major factors driving the global gear motors market.

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Research Methodology:

• This research study has involved extensive usage of secondary sources, directories, and databases (such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource) to identify and collect information useful for a technical, market-oriented, and commercial study of the gear motors market
• In-depth interviews have been conducted with various primary respondents that include key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts
• After arriving at the overall market size, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at exact statistics for all the segments and subsegments, the data triangulation and market breakdown procedures have been employed, wherever applicable
• The data has been triangulated by studying various factors and trends from both, the demand and supply sides. Along with this, the market size has been validated using both, the top-down and bottom-up approaches