The Global Gear Motor Market is estimated to expand at 5.80 % CAGR during the forecast period. Gear Motor is a type of electric motor which is specifically designed to produce high torque while maintaining low speed and output. Gear motor are of 4 major types including helical gear motor, shaft mounted gear motor, bevel-geared motor, and worm gear motor. This motor caters to various applications such as control knobs in washer and dryer machines, can openers, alarm clocks, and garage doors, among others.
The COVID-19 Analysis on Gear Motor Market Share is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic.The growing demand for Gear Motor is attributed to growing demand for renewable energy and mechanical simplicity. One of the major restraints of the Gear Motor is high maintenance cost of these electric motors.
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Leading Players
The key players of the global Gear Motor Market are Eaton Corporation PLC., Siemens AG, Baldor Electric Company, Sew-Eurodrive GmbH & Co. Kg, Winergy, Watt Drive Antriebstechnik GmbH, Bauer Gear Motor GmbH, Sumitomo Heavy Industries Ltd, Johnson Electric Holdings Limited, Emerson Electric Co, Elecon Engineering Company Ltd, China High Speed Transmission Equipment Group Co. Ltd, Brevini Power Transmission S.P.A., and Bonfiglioli Riduttori S.P.A, among others.
Scope of the Report
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global Gear Motor Market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both & cost analysis
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Industry Segmentation
Global gear motor market has been segmented based on gear type, product type, rated power, torque, industry, and region.
Based on gear type, the market has been classified into planetary gear motor, helical gear motor, helical-bevel gear motor, worm gear motor, and others. Helical gear motor type segment is expected to dominate the gear motors market, due to the fact that these kind of motors last longer as compared to other gear motors and are ideal for high-load applications, since they have a higher number of teeth in contact.
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