Report Code: A09695 | Pages: NA | Mar 2023 | 2221 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Industrial Gearbox And Gear Motors Market
Request Now !An industrial gearbox is a system that is used to transmit mechanical energy to drive another device. Gearboxes are power transmission systems that use gears and gear trains to transmit speed and torque and provide mechanical advantage that helps to complete difficult tasks easily. A gearbox is generally used to increase speed and decrease torque. An industrial gear motor is a combination of a gear reducer and an AC or DC electrical motor. Gear motors are used to deliver high torque at low horsepower or low speed. AC motors typically with fixed-speed specification are the most commonly used electrical motors in industrial gear motors. However, dc motors are especially popular in the automotive industry. DC motors with both normal speed and stall-speed speed specifications are used in such applications. These motors generate extra torque by using reducing the speed. Gear motors are used commonly in applications that require a lot of force such as moving heavy objects.
Market scope and structure analysis:
Report Metric | Details |
 Market size available for years |  2019–2027 |
 Base year considered |  2019 |
 Forecast period |  2020–2027 |
 Forecast units |  Value (USD Millions) |
 Segments covered |  Gear Type, Power, Industry Vertical and Region |
 Regions covered | North America (U.S., Mexico and Canada), Europe (Germany, UK, France, Italy, and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and the Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa) |
 Companies covered | The major players include Bauer Gear Motor GmbH, ABB Ltd, Siemens AG, SEW-Eurodrive GmbH & Co. KG, Bonfiglioli Riduttori S.p.A, Winergy, China High Speed Transmission Equipment Group Co. Ltd., Eaton Corporation PLC, Premium Transmission Ltd. And Sumitomo Heavy Industries among others. |
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COVID-19 scenario analysis:
Growth of the global wind turbine and automotive industries have fuelled the demand for industrial gearbox and gear motors across the world. Industrial gearboxes and gear motors find application in various end-uses. Increasing usage in manufacturing, packaging, transportation and material handling, aerospace and automotive industries have led to increasing demand for industrial gearbox and gear motors. The global manufacturing and automotive sectors use gears and gear motors in various applications. Gears and gear motors are used in conveyors and equipment handling applications for various industries to move parts and assemblies from one location to another on the shop floor. The major restraining factor of the global gearbox and gear motors market is its reliance on the core sectors like power, manufacturing, mining, oil and other such applications. The growth opportunity for the industrial gearbox and gear motors market are expected to come from the growth of the global power generation and automotive industries.
Gears and gear motors are integral components used in turbines. The growth of the global wind power market has is expected to help the global Industrial Gearbox and Gear Motors market grow. Wind turbines are a clean source of renewable energy that do not produce atmospheric emissions. Generation of wind energy does not cause pollution like thermal power plants that rely on combustion of fossil fuels. The combustion of fossil fuels like coal or natural gas, result in emission of particulate matter and poisonous gases like nitrogen oxide and sulphur dioxide, which can cause health problems and environmental problems like acid rain, smog, greenhouse gases. For generation of power, wind turbines convert kinetic energy to electric energy. Over the recent past, wind energy has become more popular and important due to the factors such as no greenhouse gas emission as awareness regarding global warming and climate change grows. Wind energy is highly economical and efficient and wind power projects require short lead time for planning & construction. The importance of wind energy is growing globally as currently it contributes to 5% of the global electricity demand. The average cost of gearbox units used in wind-turbines has declined due to advancements in manufacturing technology and reduction in manufacturing costs. Hence with growth of the global wind turbine market, the global gear and gear motors market is also expected to expand.Â
Rising global population, rise in disposable income of the average consumer worldwide, rapid urbanization are all important drivers for the growth of the global automotive industry and this in turn is expected to significantly help the growth of the industrial gearbox and gear motors market. The auto sector is growing globally due to the increasing disposable income of the middle classes. Gearboxes and gear motors are used in various applications such as the final product itself as well as various machinery and systems that are used in the manufacturing or assembly process. The manufacturing or assembly processes used in the automobile manufacturing plants typically involves conveyor systems that are used to move parts and assemblies from location on the shop floor to another. Various other machinery and systems like lifts, robotic arms among others use gears and gear motors for lifting heavy machinery or assemblies. Electric motors used for driving conveyors, lifts, robot arms are generally connected directly to the gearboxes and function as the gear motors. The automotive industry is one of the major end users of the global gearbox and gear motors market. Therefore, growth of the global automotive sector is expected to help the growth of the global industrial gearbox and gear motors market.Â
Key segments covered:
Segments | Sub-segments |
 Gear Type |
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 Power |
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 Industry vertical |
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Key benefits of the report:
Industrial Gearbox and Gear Motors Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
Aspects | Details |
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By Gear Type |
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By Power |
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By Industry vertical |
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By Region |
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Key Market Players | Bauer Gear Motor GmbH, ABB Ltd, Siemens AG, SEW-Eurodrive GmbH & Co. KG, Bonfiglioli Riduttori S.p.A, Winergy, China High Speed Transmission Equipment Group Co. Ltd., Eaton Corporation PLC, Premium Transmission Ltd., Sumitomo Heavy Industries |
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