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Malaysia Gear Motors Market to Grow at a Significant Rate through 2026 | TechSci Research
Malaysia Gear Motors Market - TechSci Research
According to TechSci Research report, “Malaysia Gear Motors Market By Type (Helical Gear Motors, Helical-Bevel Gear Motors, Worm, Planetary and Others) By Product Type (Gearbox and Gear Motor) By Rated Power (Up to 7.5 kW, 7.5 kW to 75 kW and Above 75 kW) By Torque (Up to 10,000 Nm and Above 10,000 Nm) By End Use Industry (Wind Power, Metals and Mining, Automotive, Construction, Chemicals & Petrochemicals, Power Generation (Excluding Wind Power), Others, By Region, Company Forecast & Opportunities, 2026”, the Malaysia gear motors market is expected to witness a steady CAGR in the forecast period. A gear motor can run on the alternating current or direct current. The growing application of electric AC motors in several end-user industries including the food & beverage, automotive, healthcare, amongst others are driving the growth of the gear motors market.
The gear motor offers several advantages including high torque output, high resolution, shorter positioning time, and improved damping characteristics, amongst others. The Forest department uses gear motor for producing lumber which can be further utilized to produce wooden products. The growing demand for wooden products owing to their aesthetic appearance is expected to fuel the growth of the gear motors market. Malaysia is food-sufficient and has more than enough supply of fruits & vegetables. The use of automatic machines to increase the agricultural yield contains the presence of gear motors and the rise in government support and investments to boost the agricultural industry is expected to accelerate the growth of the gear motors industry in Malaysia.
The high demand for gear motors in the agricultural industry for different applications such as harvesting, irrigation, seed spreading, and weed control is expected to fuel the market growth for the next five years. The rise in the number of renewable energy projects to reduce the burden on the traditional sources of energy is expected to pave the way for the gear motors market growth in the forecast period. The rise in awareness regarding the advantages of hybrid technology and the implementation of compact and modular designs is influencing the gear motors market growth. Additionally, the use of gear motors in the automotive industry to provide the feature of automation for enhancing consumer experience is expected to fuel the gear motors market growth.
However, the manufacturing of gear motors is expensive and requires constant monitoring during operation that may hamper the gear motors market growth in the forecast period.
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Malaysia gear motors market is segmented into type, product type, rated power, torque, end use industry, regional distribution, and company. Based on the type, the market can be divided into helical gear motors, helical-bevel gear motors, worm, planetary, and others. The helical hear motors market is expected to account for major market share in the forecast period, 2022-2026. The helical gear motor lasts longer and can handle high-pressure loads. The growing demand from the end-user industries including construction, chemicals, textiles, food & beverages, plastic, amongst others is driving the growth of the segment.
Eaton Corporation PLC, Siemens Malaysia, Baldor Electric Company, Johnson Electric Holdings Limited, Sumitomo Heavy Industries Ltd., Rossi Malaysia, Bonfiglioli Riduttori S.P.A., Oriental Motors Malaysia, Emerson Electric (M) Sdn Bhd., Fly Automation Sdn Bhd. are the leading players operating in Malaysia gear motors market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several gear motors manufacturers are coming up with their technologically advanced offerings.
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“Market players are making huge investments to produce advanced gear motors including high-end material, improved gear tooth design, coatings & bearings that are made to reduce noise, and increase strength as well as provide longer life. Advanced gear motors are also highly efficient and aids in the reduction of operational cost which improves the consumer experience and thereby fuels the gear motors market growth. The growing demand for gear motor from the majority of industry verticals including automobile, food & beverages, wastewater treatment plants, amongst others coupled with the adoption of energy-efficient technologies by the market players is expected to propel the gear motors market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Malaysia Gear Motors Market By Type (Helical Gear Motors, Helical-Bevel Gear Motors, Worm, Planetary and Others) By Product Type (Gearbox and Gear Motor) By Rated Power (Up to 7.5 kW, 7.5 kW to 75 kW and Above 75 kW) By Torque (Up to 10,000 Nm and Above 10,000 Nm) By End Use Industry (Wind Power, Metals and Mining, Automotive, Construction, Chemicals & Petrochemicals, Power Generation (Excluding Wind Power), Others, By Region, Company Forecast & Opportunities, 2026” has evaluated the future growth potential of Malaysia gear motors market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of Malaysia gear motors market.
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