RnRMarketResearch.com add Global Geared Motors and Drives Market 2016-2020 latest research report, the analysts forecast global geared motors and drives market to grow at a CAGR of 4.9% during the period 2016-2020.
The following companies are the key players in the global geared motors and drives market: ABB, Bonfiglioli, Emerson Electric, Regal Beloit, and Siemens.
Other prominent vendors in the market are: Anaheim Automation, Bauer Gear Motor, Boston Gear, Dematek, Eaton, Grosschopp, NORD Drivesystem, Rexnord, SEW-EURODRIVE, SUMITOMO Heavy Industries, and WEG (Watt Drive).
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According to the geared motors and drives market report a key market driver is the increased focus on energy efficiency. Growing energy consumption worldwide coupled with high costs of electricity has necessitated end-user industries (like food and beverage, power, oil and gas, and chemical and petrochemicals) to pursue energy efficiency measures. We estimate that on an average 9% of the production cost in any industry is spent on electricity. The number climbs to 41% in energy-intensive industries such as oil and gas, food and beverage, and in power generation. Therefore, end-users are working to reduce energy consumption through the use of geared motors and drives.
The global geared motors and drives analyst said a trend influencing the market is the emergence of integrated geared motors and drives systems. The integration of gearboxes, geared motors, drives, and generators offers advantages in terms of size, weight, and cost. We note that the combined geared and generator products are competitively priced than conventional products. SIMOGEAR of Siemens offers the same size as products available in the market but offers higher ratio and torque. Such attributes can increase the power of the system.
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Global Geared Motors and Drives Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The report covers the present scenario and the growth prospects of the global geared motors and drives market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of products in the geared motors and geared drives categories.
A geared motor reduces the cost of designing complex power tools, machines, or appliances that need high torque at relatively low-shaft speeds. Growing awareness about environmental issues has driven global initiatives to promote the use of non-conventional sources of energy, such as wind, with regulations designed to save energy and reduce carbon footprints. Geared motors and drives help to meet these regulations. Geared motors, operating in harsh environments, can increase the life span of the equipment by reducing its wear and tear. However, they have a set term of life and end-users will have to replace these despite periodical maintenance.
Further, the report states that challenges like high maintenance costs can impede market growth.
List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Global geared motors and drives market segmentation
Exhibit 03: Global geared motors and drives market 2015-2020 ($ billions)
Exhibit 04: Five forces analysis
Exhibit 05: Types of geared motors
Exhibit 06: Global geared motors market 2015-2020 ($ billions)
Exhibit 07: Types of the geared drives
Exhibit 08: Global geared drives market 2015-2020 ($ billions)
Exhibit 09: End-users of global geared motors and drives market
Exhibit 10: Segmentation of end-users of global geared motors and drives market in 2015
Exhibit 11: Segmentation of end-users of global geared motors and drives market in 2020
Exhibit 12: Use of geared motors and drives in material handling industry
Exhibit 13: Global geared motors and drives market in material handling industry 2015-2020 ($ billions)
Exhibit 14: Global geared motors and drives market in food and beverage industry 2015-2020 ($ billions)
Exhibit 15: Global geared motors and drives market in wind power industry 2015-2020 ($ billions)
Exhibit 16: Global forecast of wind power installation capacity of major regions 2015-2020 (GW)
Exhibit 17: Global geared motors and drives market in chemical and oil and gas industry 2015-2020 ($ billions)
Exhibit 18: Applications of gear motors in oil and gas industry
Exhibit 19: Global geared motors and drives market in paper and pulp industry 2015-2020 ($ billions)
Exhibit 20: Global geared motors and drives market in other industries 2015-2020 ($ billions)
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