The Gear Motors Market is anticipated to register a CAGR of 9.52% during the forecast period.
Factors driving the gear motors market incorporate expanding wind power establishments, the negligible expense and minimized nature of gear motors, and developing worries with respect to the effectiveness of mechanical power transmission. There has been an expansion in the interest in motors that guarantee utilitarian productivity, principally in agro businesses. Likewise, the market is seeing a developing need to execute the gear engine in an immense range of enterprises is the key market driver improving market development.
The Gear Engine Market is supposed to observe promising development and improvement at a fast scale during the guage period outline because of developing ventures, developing worries regarding execution, and different elements like the expense viability of mechanical power transmission advances.
Gear Engine is electrical equipment prepared and is utilized to make high power at low-speed motor yield. These gear motors are a broad mix of the motor and a decrease gear train. What's more, the gear decrease diminishes the engine speed through the extension cycle in power to a gear degree. Gear Motors are of four huge sorts, in particular - Helical Gear Engine, shaft mounted Gear Engine, slant prepared motor, and the last one being worm gear motor.
Market Segmentation
Based on gear type, the Gear Motor Market has been categorized into helical gear motors, Planetary gear motors, Helical-Bevel gear motors, Worm gear motors and others. Based on voltage, the market is segmented into Rated Power Up to 1 kW, 1kW to 30kV, 30kV to 70kV and 70kV to 100kV.
In terms of Torque, the market has been classified into Up to 10,000 Nm Torque and Above 10,000 Nm Torque. Based on Industry, the market is categorized into wind power, material handling, food &beverages, cement & aggregates, metal & mining, automotive, construction, power generation, chemical, rubber, & Plastics, Marine and others.
Regional Insights
Asia Pacific region rules the worldwide market. This region depends on rising development enterprises and power age exercises. The modern members plainly grasp the significance of creating energy innovation and its effect on the energy and power areas. Geared motors are broadly utilized in coal plants and wind energy. The expanded CO2 outflows will prompt creating sustainable power area like breeze energy with improved and more effective limits.
Europe's Gear Engine market has seen consistent development in the gear engine market lately because of a few factors, for example, expanded interest for energy-effective and elite execution gear motors in different ventures, progressions in innovation, and government drives to advance the utilization of energy-productive hardware.
In North America, the Gear Engine market is supposed to be the second biggest market share. The region's development can be credited to the presence of countless assembling businesses, expanding reception of mechanization, and government drives to advance energy-productive hardware. The U.S. is the significant supporter of the market development in the region, because of the presence of an enormous number of assembling businesses and the rising reception of robotization in different areas like transportation, mining, and oil and gas.
Major Players
Key Companies in the Gear Motors Market are Siemens, Sumitomo Heavy Industries Ltd, Johnson Electric Holdings Limited, Eaton, Toshiba Industrial Products and Systems Corporation, Emerson Electric Co, and Elecon Engineering Company Ltd.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS
1.1.1 GEAR MOTAR MARKET, BY RATED POWER
1.1.2 GEAR MOTAR MARKET, BY TORQUE
1.1.3 GEAR MOTAR MARKET, BY GEAR TYPE
1.1.4 GEAR MOTAR MARKET, BY PRODUCT TYPE
1.1.5 GEAR MOTAR MARKET, BY INDUSTRY
1.1.3 GEAR MOTAR MARKET, BY REGION
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP-DOWN AND BOTTOM-UP APPROACH
3.6 FORECAST MODEL
3.7 LIST OF ASSUMPTIONS & LIMITATIONS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 GROWING DEMAND FOR AUTOMATION AND ROBOTICS
4.2.2 INCREASING ADOPTION OF RENEWABLE ENERGY
4.3 RESTRAINTS
4.3.1 RAW MATERIAL COST
4.4 OPPORTUNITIES
4.4.1 GROWING DEMAND FOR CUSTOMIZATION
4.5 IMPACT OF COVID-19 ON GEAR MOTORS MARKET
4.5.1 IMPACT OF SUPPLY CHAIN OF GEAR MOTORS MARKET
4.5.1.1. PRICE VARIATION OF KEY RAW MATERIALS
4.5.1.2 PRODUCTION SHUTDOWN
4.5.1.3 CASH FLOWS CONSTRAINTS
4.5.1.4 IMPACT ON IMPORT/ EXPORT
4.5.2 IMPACT ON MARKET DEMAND OF GEAR MOTORS MARKET
4.5.2.1 IMPACT DUE TO RESTRICTIONS/ LOCKDOWN
4.5.2.2 CONSUMER SENTIMENTS
5 MARKET FACTOR ANALYSIS
5.1 SUPPLY CHAIN ANALYSIS
5.1.1 RAW MATERIAL SUPPLIERS
5.1.2 PETROLEUM PITCH MANUFACTURERS
5.1.3 DISTRIBUTION & SALES CHANNEL
5.1.4 END USERS
5.2 PORTER'S FIVE FORCES MODEL
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 THREAT OF SUBSTITUTES
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 INTENSITY OF RIVALRY
5.3 IMPACT OF COVID-19 ON THE GLOBAL GEAR MOTAR MARKET