MRO Magazine

Global Geared Motors and Drives Market Growth of 4.9% by 2020 – Key Vendors are ABB, Emerson Electric & Siemens – Research and Markets


May 23, 2016
By Business Wire News

DUBLIN

Research and Markets has announced the addition of the “Global Geared Motors and Drives Market 2016-2020” report to their offering.

The report forecasts the global geared motors and drives market to grow at a CAGR of 4.9% during the period 2016-2020.

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.

According to the 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.

Further, the report states that challenges like high maintenance costs can impede market growth.

Key vendors:

  • ABB
  • Bonfiglioli
  • Emerson Electric
  • Regal Beloit
  • Siemens

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by product

PART 07: Market segmentation by end user

PART 08: Geographical segmentation

PART 09: Market drivers

PART 10: Impact of drivers

PART 11: Market challenges

PART 12: Impact of drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape

For more information visit http://www.researchandmarkets.com/research/zzlxcg/global_geared

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Motors