Gear Motor Market Overview: Gear motors are electrical machinery to better high torque performance with low speed motor output. The technology is a combination of a motor plus and a reduction gear train. Such a technology has huge application in various sectors and due to this the gear motor market is expected to maintain a steady 5.80% CAGR during the forecast period (2018-2023). Market Research Future (MRFR) assures that the growth would not be hampered much by other external factors. Several industries like automotive, construction, and others are going to provide traction to the global gear motor market. Its modular & compact design and mechanical simplicity are features providing much backup to its growing popularity. The gear motor market is also gaining traction from eco-friendly measures across the world. Its compact design has made its percolation in home appliances sector quite easy. These products are also equally efficient and cost-affordable owing to which easy market permeation is quite possible. Segmentation: The global Gear Motor Market Share has been substantially analyzed by MRFR and is based upon segments like gear type, product type, rated power, torque, and industry. The research report has its entire focus on the understanding of deciphering various factors and trigger points that improves the global market scenario. Based on the gear type, the gear motor market comprises worm gear motor, planetary gear motor, helical-bevel gear motor, helical gear motor, and others. The helical gear motor type segment enjoys the benefits of having long-lasting motors that are far ahead of their competitors and plays crucial role in taking the global market ahead. Based on the product type, the gear motor market includes gearbox and integrated gear motor unit. Based on the torque, the gear motor market comprises up to 10,000 Nm and above 10,000 Nm. Based on the related power, the gear motors market can be segmented into up to 7.5 KW, 7.5 to 75 KW, and above 75 KW. Based on end-users, the gear motors market has significant takers like material handling, food & beverage, marine, wind power, metals & mining, power generation, cement & aggregates, construction, automotive, chemicals, rubber, plastics, and others. Its high integration in the power generation segment is expected to transform the market. Regional Analysis: North America, Europe, Asia Pacific (APAC), South America, and Middle East & Africa (MEA) are the five major regions included in the MRFR report of the gear motor market. Such a segmentation allows better understanding of growth pockets. The APAC market has the dominance as per the market reports published in 2017. The regional market is expecting better growth due to the strong performances of India, China, and others. These countries are revamping their economies by incorporating substantial potential for various
industries. This is expected to create a broader spectrum for the regional market. Automotive and construction industries are particularly eyeing for such a technological interference to gain better market exposure. Europe and North America, on the other hand, are benefitting much from the already present robust technological setups in these regions. Countries like the US, Canada, France, the UK, Germany, and others are having remarkable impacts on these regional markets. Competitive Landscape: Several companies are introducing ground-breaking tactical moves to take care of their global position in the gear motor market. These companies are Baldor Electric Company, Eaton Corporation PLC., Siemens AG, Watt Drive Antriebstechnik GmbH, Sew-Eurodrive GmbH & Co. Kg, Winergy, Sumitomo Heavy Industries Ltd, Bauer Gear Motor GmbH, Emerson Electric Co, Elecon Engineering Company Ltd, Johnson Electric Holdings Limited, Brevini Power Transmission S.P.A., China High Speed Transmission Equipment Group Co. Ltd, Bonfiglioli Riduttori S.P.A, and others. MRFR enlisted these companies to have better profiling of these companies and a proper understanding of trends impacting the most. In July 2019, Hyundai announced the launching of the new active shift control that with the help from control logic software can reduce the gear shift time by 30%. The company has launched this technology for the Hybrid Control Unit (HCU),. About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Contact: Market Research Future +1 646 845 9312 Email: sales@marketresearchfuture.com