Growing Demand Gear Motors for gearmotor is driving the growth at a CAGR of 9.52% during the forecast period 2023 to 2030

Growing Demand Gear Motors for gearmotor is driving the growth at a CAGR of 9.52% during the forecast period 2023 to 2030

Market Research Future (MRFR) has published on the “Global Gear Motors  Market”.


The gear motor Market is estimated to register a CAGR of 12.31% during the forecast period of 2023 to 2030.


MRFR recognizes the following companies as the key players in the Global gear motor market market— Siemens, Eaton, Sumitomo Heavy Industries Ltd, Johnson Electric Holdings Limited, Emerson Electric Co, Elecon Engineering Company Ltd


Market Highlights


The Global gear motor market market is accounted for to register a CAGR of 9.52 % during the forecast period and is estimated to reach USD 57.2 Billion by 2030.


Factors driving the gear motors market include increasing wind power installations, the minimal cost and compact nature of gear motors, and growing concerns regarding the efficiency of mechanical power transmission. There has been an increase in the demand for motors that promise functional efficiency, mainly in agro-industries. Also, the market is witnessing a growing need to implement the gear motor in a vast array of industries is the key market driver enhancing market growth.


The Gear Motor Market is expected to witness promising growth and development at a rapid scale during the forecasted period frame due to growing investments, growing concerns regarding performance, and other factors like the cost-effectiveness of mechanical power transmission technologies.


Gear Motor is electrical hardware equipped and is used to create high force at low-speed engine yield. These gear engines are an extensive blend of the engine and a reduction gear train. And the gear reduction reduces the motor speed through the expansion process in force to a gear extent. Gear Motors are of four significant types, namely - Helical Gear Motor, shaft mounted Gear Motor, slope equipped engine, and the last one being worm gear engine.


The gear motors promise a higher degree of efficiency than the induction motors and the most power-dense type of traction motors and their commercial availability. Many industries like Textile, Pulp, paper, and Electronics are opting to use such motors and hence, offer higher-functionality products that come with additional features. Therefore, such factors related to Gear Motor have enhanced the Gear Motor market CAGR across the globe in recent years.


Access full report @ https://www.marketresearchfuture.com/reports/gear-motor-market-7473


Segment Analysis


The Global gear motor market market has been segmented based on Gear Type, voltage, Torque, Application, and Region.


The Gear Motor Market has been categorized based on gear type into helical gear motors, Planetary gear motors, Helical-Bevel gear motors, Worm gear motors and others. Bevel gear have conical gears that transmit motion between two intersecting shafts. It offers advantages such as minimized installation space, an extensive selection range for output speed, a highly dynamic and energy-saving solution, a large range for output speed, etc.


The demand for helical gears is increasing rapidly due to their compact size. It is widely used in several industrial applications, including the construction of cement, plastics, rubber, and other heavy industrial environments. It is useful in high-performance applications such as crushers, extruders, coolers, and conveyors.


Based on rated power, the gear motors market has been segmented into Rated Power Up to 1 kW, 1 kW to 30kW and 30 kW to 70 kW and 70kW to 100kW. 30kV to 75 kW segment is expected to hold a significant share and grow considerably.


Based on Torque, the gear motors market has been segmented into Up to 10,000 Nm Torque and Above 10,000 Nm Torque. An Up to 10,000 Nm segment is expected to hold a significant share and grow at a significant rate. It offers benefits such as extreme speed reduction, low maintenance costs, extremely customizable, flexibility, etc. Also, it is used in food processing, factory automation, medical equipment, heavy-duty conveyor systems, etc.


Based on Application, the gear motors market has been segmented into wind power, material handling, food &beverages, cement & aggregates, metal & mining, automotive, construction, power generation, chemical, rubber, & Plastics, Marine and others. The material handling industries is anticipated to be the fastest-growing segments in the Gear Motor Market during the forecasted period.


Regional Analysis


By region, the global market is segmented into North America, Europe, Latin America, Africa, and Rest of the World. Among these, Asia Pacific region dominates the global market. This region relies on rising construction industries and power generation activities. The industrial participants clearly understand the importance of developing energy technology and its impact on the energy and power sectors. Geared motors are widely used in coal plants and wind energy. The increased CO2 emissions will lead to developing renewable energy sector such as wind energy with improved and more efficient capacities. The growth in the region is primarily driven by the increasing industrialization and urbanization, and rising demand for automation in various industries such as food and beverages, material handling, and packaging. China and India are the major contributors to the market growth in the region. The increasing investment in infrastructure and construction activities in the region is also expected to boost the demand for gear motors.


Europe’s Gear Motor market has seen steady growth in the gear motor market in recent years due to several factors such as increased demand for energy-efficient and high-performance gear motors in various industries, advancements in technology, and government initiatives to promote the use of energy-efficient equipment. Additionally, the growing adoption of automation in various industries is also driving market growth. Further, the German Gear Motor market held the largest market share, and the UK Gear Motor market was the fastest-growing market in the European region.


Key Findings of the Study



  • The Global Gear motor market is expected to reach USD 57.2 Billion by 2030, at a CAGR of 9.52% during the forecast period.

  • The Asia Pacific region accounted for the fastest growth in the global market.

  • Based on rated power, the gear motors market has been segmented into Up to 1 kW, 1 kW to 30 kW and 30 kW. 70 kW and 70kW to 100kW. 30 kWto 70 kW segment is expected to hold a significant share and grow considerably.

  • Siemens, Eaton, Sumitomo Heavy Industries Ltd, Johnson Electric Holdings Limited, Emerson Electric Co, Elecon Engineering Company Ltd are holding particularly strong positions.

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