Global Geared Motors and Drives Market 2018-2022 – ABB, Bonfiglioli Riduttori, Mitsubishi, Regal Beloit, Siemens, and Sumitomo Dominating – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "Global
Geared Motors and Drives Market 2018-2022" report has been
added to ResearchAndMarkets.com's offering.

The global geared motors and drives market is expected to grow at a CAGR
of 5.22% during the period 2018-2022.

The report covers the present scenario and the growth prospects of the
global geared motors and drives market for 2018-2022. To calculate the
market size, the report considers the revenue generated from the sales
of geared motors and drives.

The latest trend gaining momentum in the market is emergence of magnetic
gearboxes. Magnetic gearboxes offer various advantages such as higher
efficiency, low maintenance cost, high reliability, and low noise and
vibration. Magnetic gearboxes are mainly adopted by high-speed
applications and applications that subject the gearboxes to high shock
and vibrations.

One of the major drivers for this market is focus on increasing energy
efficiency in industries. It has been observed that motors consume the
major share of energy in industries, which in turn results in high
energy costs. Owing to the rising energy costs, industries across the
globe are focusing on implementing energy-efficient techniques in their
production process. With the introduction of stringent regulations that
emphasize on reducing energy costs and carbon emissions, industries are
focusing on adopting extensive energy-efficient methods. This will in
turn, drive the demand for geared motors and drives, fueling the
market's growth prospects.

The geared motors and drives market appears to be highly fragmented due
to the presence of several international and regional players who focus
extensively on R&D and technological advancements. The competition among
the players has increased due to low product differentiation. To attain
a competitive advantage over the other players, the manufacturers in the
geared drives and geared motors market are focusing on introducing new
and innovative variants and their product portfolio varies based on
price, quality, innovation, and regulatory compliance. Based on end-user
the market can be segmented into food and beverage, metals and mining,
automotive, wind power, oil and gas, and pulp and paper.

Key Vendors:

• ABB
• BONFIGLIOLI RIDUTTORI
• Mitsubishi Electric
• Regal Beloit
• Siemens
• Sumitomo Heavy Industries

Other Prominent Vendors:

• Altra Industrial Motion
• Anaheim Automation
• Boneng
• Dana Brevini Power – Transmission
• Dematek
• Eaton
• Elecon Engineering
• Groschopp
• Johnson Electric
• NORD Drivesystems
• SEW-EURODRIVE
• SDT Drive Technology
• Watt Drive WEG Group

For more information about this report visit https://www.researchandmarkets.com/research/2mn4xg/global_geared?w=4

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Related
Topics: Motors