Global Gearboxes and Gear Motors Market Propelled by Preference for Energy-efficient Systems

Technlogy & Business
Typography

LONDON, Sept. 13, 2017 /PRNewswire/ -- The global gearboxes and gear motors market is witnessing steady growth, augmented by the adoption of more energy-efficient gearboxes and gear motors, investment in wind energy, material handling, food and beverages, and replacement demand from developed regions. Successful companies will be those that continuously enhance the power transmission efficiencies of their gear systems, focus on vibrant market segments, and develop and expand direct drive systems.

Frost & Sullivan's research, Global Gearboxes and Gear Motors Market, Forecast to 2021, finds that gearboxes in the power rating segment 500kW to 10MW are expected to be the fastest growing segment due to significant share of this type of gearbox in wind turbines. The study provides a comprehensive understanding of market trends, forecasts, opportunities and challenges across 16 end-user segments and four geographic regions. Four major gear technologies across five gear power ratings are also assessed. A competitive landscape for major players such as Siemens AG, SEW-EURODRIVE, China High Speed Transmission Equipment Group Co. Ltd, Sumitomo Heavy Industries, Chongqing Gearbox Group, Rexnord Corporation, Nabtesco Corporation, and others is provided.

"The renewable energy segment provides opportunities for motors vendors that have significant presence and capability in supplying gearboxes or gear motors of power ratings up to 7.5kW and 7.5kW to 75.0kW for positioning applications," said Frost & Sullivan Mechanical Power Transmission Research Analyst Krishnan Raman. "Typical applications are in yaw and pitch control of wind turbines and in solar tracking for repositioning of solar panels."

To access more information on this analysis, please click here

Regional trends and developments in the global gearbox and gear motors market include:

  • Asia-Pacific region witnessing significant growth with strong demand from applications in discrete manufacturing, such as automobile manufacturing, machine tools, packaging, semiconductor electronics manufacturing, and wind power generation segments;
  • Fast growth in North America due to return of manufacturing to the United States and growing investment in the material handling, oil and gas, and chemical industries;
  • North America end-user preference for worm gearboxes with cast iron casing;
  • Gearbox and gear motors manufacturers supplying bevel and helical gear motors with low backlash in the output power range of less than 7.5kW to gain significant sales opportunities in the Asia-Pacific region;
  • Europe, Middle East, and Africa region to remain the largest market for gearboxes and gear motors;
  • Increase in sales of gearboxes and gear motors in Europe due to large original equipment manufacturers that export significant share of machinery to regions such as Asia, North America, and Latin America;
  • Brazil coming out of a recession in the medium term will bolster Latin America's growth potential; and
  • Mexico experiencing moderate growth.

"Drive system providers such as Siemens AG, SEW-EURODRIVE, Lenze, Nord Drivesystems, Bonfiglioli, and ABB Dodge should focus on developing and expanding expertise in direct drive technology; for example, high-torque permanent magnet motors to compensate for the loss of gear sales that are likely to result from the adoption of this technology," noted Raman.

Global Gearboxes and Gear Motors Market, Forecast to 2021 is part of Frost & Sullivan's Mechanical Power Transmission Growth Partnership Service programme.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion

Global Gearboxes and Gear Motors Market, Forecast to 2021
MCA7-17

Contact:
Evgenia Oleynikova
Corporate Communications- Europe
P + 48 224816210
E: evgenia.oleynikova@frost.com

http://www.frost.com

View original content:http://www.prnewswire.com/news-releases/global-gearboxes-and-gear-motors-market-propelled-by-preference-for-energy-efficient-systems-300518682.html

SOURCE Frost & Sullivan

Related Links

http://www.frost.com

LONDON, Sept. 13, 2017 /PRNewswire/ -- The global gearboxes and gear motors market is witnessing steady growth, augmented by the adoption of more energy-efficient gearboxes and gear motors, investment in wind energy, material handling, food and beverages, and replacement demand from developed regions. Successful companies will be those that continuously enhance the power transmission efficiencies of their gear systems, focus on vibrant market segments, and develop and expand direct drive systems.

Frost & Sullivan's research, Global Gearboxes and Gear Motors Market, Forecast to 2021, finds that gearboxes in the power rating segment 500kW to 10MW are expected to be the fastest growing segment due to significant share of this type of gearbox in wind turbines. The study provides a comprehensive understanding of market trends, forecasts, opportunities and challenges across 16 end-user segments and four geographic regions. Four major gear technologies across five gear power ratings are also assessed. A competitive landscape for major players such as Siemens AG, SEW-EURODRIVE, China High Speed Transmission Equipment Group Co. Ltd, Sumitomo Heavy Industries, Chongqing Gearbox Group, Rexnord Corporation, Nabtesco Corporation, and others is provided.

"The renewable energy segment provides opportunities for motors vendors that have significant presence and capability in supplying gearboxes or gear motors of power ratings up to 7.5kW and 7.5kW to 75.0kW for positioning applications," said Frost & Sullivan Mechanical Power Transmission Research Analyst Krishnan Raman. "Typical applications are in yaw and pitch control of wind turbines and in solar tracking for repositioning of solar panels."

To access more information on this analysis, please click here

Regional trends and developments in the global gearbox and gear motors market include:

  • Asia-Pacific region witnessing significant growth with strong demand from applications in discrete manufacturing, such as automobile manufacturing, machine tools, packaging, semiconductor electronics manufacturing, and wind power generation segments;
  • Fast growth in North America due to return of manufacturing to the United States and growing investment in the material handling, oil and gas, and chemical industries;
  • North America end-user preference for worm gearboxes with cast iron casing;
  • Gearbox and gear motors manufacturers supplying bevel and helical gear motors with low backlash in the output power range of less than 7.5kW to gain significant sales opportunities in the Asia-Pacific region;
  • Europe, Middle East, and Africa region to remain the largest market for gearboxes and gear motors;
  • Increase in sales of gearboxes and gear motors in Europe due to large original equipment manufacturers that export significant share of machinery to regions such as Asia, North America, and Latin America;
  • Brazil coming out of a recession in the medium term will bolster Latin America's growth potential; and
  • Mexico experiencing moderate growth.

"Drive system providers such as Siemens AG, SEW-EURODRIVE, Lenze, Nord Drivesystems, Bonfiglioli, and ABB Dodge should focus on developing and expanding expertise in direct drive technology; for example, high-torque permanent magnet motors to compensate for the loss of gear sales that are likely to result from the adoption of this technology," noted Raman.

Global Gearboxes and Gear Motors Market, Forecast to 2021 is part of Frost & Sullivan's Mechanical Power Transmission Growth Partnership Service programme.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion

Global Gearboxes and Gear Motors Market, Forecast to 2021
MCA7-17

Contact:
Evgenia Oleynikova
Corporate Communications- Europe
P + 48 224816210
E: This email address is being protected from spambots. You need JavaScript enabled to view it.

http://www.frost.com

View original content:http://www.prnewswire.com/news-releases/global-gearboxes-and-gear-motors-market-propelled-by-preference-for-energy-efficient-systems-300518682.html

SOURCE Frost & Sullivan

Related Links

http://www.frost.com

Advertisement

Translator

Advertisement

SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter SolarRoofs India 2017 Wishes You are Very Happy Deepavali. Get Registered Now For SolarRoofs Q3 series editions… https://t.co/oJV4XkEoRq
Wednesday, 18 October 2017 12:01
SolarQuarter Meet the Leaders in Rooftop Solar Industry at Solar Roofs Series Nagpur-Lucknow-Surat. Visit… https://t.co/EOo3DNOVSu
Saturday, 14 October 2017 08:36
Saturday, 14 October 2017 07:42
SolarQuarter Excellent Investment Strategies Lined up at REIFF India 2017, 10 Nov Mumbai Contact Pratika 9920917136 Finance… https://t.co/t1oiCP8I5R
Saturday, 14 October 2017 07:40
Thursday, 28 September 2017 17:58

Advertisement
Advertisement