Global Geared Motors Market

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Geared Motors Market 2020

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REPORT DESCRIPTION

Geared Motors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020

Rising investment in heavy industries and end user industry segments such as materials, wind power, food and

beverages is driving the Geared Motors Market. Economic stability across the market is expected to increase the

consumer spending in gearbox motors market leading to growth and demand for the market and its products. Rising

concerns over the escalating energy costs and environmental concerns would promote the use of wind power farms.

Thus, use of gear motors in turbine of non-conventional energy generators such as wind and hydroelectric power is

one of the major market segments of the geared motors market. The demand of geared motors from nonconventional energy sources sector is expected to drive the market over the coming years. At the same, the ease of

use and simplicity of the design are facilitating the widespread acceptance of gear motor technology across the enduser segments and applications.

Geared motors are cost effective for mechanical, industrial and other power transmission applications. Flexibility in

usage and modular design led to the cost effectiveness of the geared motors. However, there are many new

technologies which are posing a challenge for growth of geared motors market. For instance, variable frequency

drives is a technology restraining the growth of this market. Falling prices, increasing awareness...