Press release
Technological Advancement in Geared Motors and Drives Market Forecast to 2026 | Analysis by Sumitomo Heavy Industries, ABB, Eaton, Dematek AB, Johnson Electric, Mitsubishi, Altra Industrial Motion, Bonfiglioli
Geared Motors and Drives Market
Overview of the Global Geared Motors and Drives Market:
The Global Geared Motors and Drives Market is expected to grow at an impressive Compound Annual Growth Rate (CAGR) from 2017 to 2026. The Factors such as growing energy efficiency in industries, rising population and growing ample number of government rules regarding ecological and safety issues are driving the market growth. However, huge manufacturing cost and use of direct drives & variable speed drives are hampering the market. Emergence of magnetic gearboxes will be a key trend for market growth.
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On the basis of Type, Gear Motor needs a gear assembly, shaft, motor, an attachment of required specification and wirings. The cost of the main components required for gear motors are less explosive, which creates the overall assembly of the device economical. Rising wind power installations, increasing concerns about the efficiency of mechanical power transmission equipment and minimum price of gear motors are some of the key factors fuelling the growth of the market.
Geographically, Europe is anticipated to dominate the market due to high expansion of the automotive and wind power industries and rise in food safety and hygiene-related rules.
Major Key Players:
1 Sumitomo Heavy Industries
2 ABB Group
3 Eaton Corporation
4 Dematek AB
5 Johnson Electric
6 Mitsubishi Electric
7 Altra Industrial Motion
8 Bonfiglioli
9 Elecon Engineering Company Limited and More…………
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Market Segment by Printing Technologies:
1 Alternating Current (AC)
2 Direct Current (DC)
Market Segment by Products:
1 Geared Motors
2 Geared Drives
Market Segment by End Users:
1 Metals and Mining
2 Wind power
3 Food and beverage
4 Automotive
5 Pulp and paper
6 Oil and Gas
7 Chemical Industry
8 Material Handling and Other End Users
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This study answers to the below key questions:
1 What are the key market trends?
2 What will the market size be in 2026 and what will the growth rate be?
3 What are the strengths and weaknesses of the key vendors?
4 Who are the key vendors in this market space?
5 What is driving this market?
6 What are the market opportunities and threats faced by the key vendors?
7 What are the challenges to market growth?
Table of Contents:
1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Geared Motors and Drives Market, By Printing Technology
6 Global Geared Motors and Drives Market, By Product
7 Global Geared Motors and Drives Market, By End User
7 Global Geared Motors and Drives Market, By Geography
9 Key Developments
10 Company Profiling
About us:
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.
Contact us:
ProgMark Pvt. Ltd.
Thane – 421501
India.
sales@marketprognosis.com
+1 973 241 5193
https://www.marketprognosis.com
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