Gearbox is a device used to change the speed of motor. The motors assembled with a gearbox, to reduce speed, which makes more torque available. Gearmotors delivers high torque at low speed making it more useful for industrial applications that need a lot of force to move heavy objects. The gearbox and gearmotor industry is expanding owing to rising industrialization and infrastructural development activities. In order to meet the increasing need of growing population there is continuous investments going on industries such as textile, food and beverage, pharmaceuticals, pulp and paper will create a demand for gearbox and gearmotor market across regions.
Gearbox is a device used to change the speed of motor. The motors assembled with a gearbox, to reduce speed, which makes more torque available. Gearmotors delivers high torque at low speed making it more useful for industrial applications that need a lot of force to move heavy objects.
The gearbox and gearmotor industry is expanding owing to rising industrialization and infrastructural development activities. In order to meet the increasing need of growing population there is continous investments going on industries such as textile, food and beverage, pharmaceuticals, pulp and paper will create a demand for gearbox and gearmotor market across regions.
With cement and construction industry expected to grow in Asia Pacific and Middleseast and African region will drive the market for gearbox market in the mentioned region. The increasing demand for wind power generation in countries such as China, India, US will drive the growth of wind power gearbox market. Driven by increase in demand for construction equipment due to expansion in infrastructure, along with other applications like HVAC, pumping, escalators, lifts etc will further boost the demand for gearmotors.
With energy efficiency regulations taken by government of different countries is driving the the demand for energy efficient gearboxes like European Fan directive 327/2011 is one of the approach with focus on efficiency.
Key queries addressed in the report
What was the size of the market for gearboxes and geared-motor markets in India in 2019?
What is the forecast for the planetary gearboxes and geared motors markets from 2020 to 2025?
Which application generates the maximum demand for gearbox and gearmotors?
Which region has got the maximum potential for gearbox and gearmotors?
Who are the leading suppliers of gearboxes and geared motors? What were their estimated market shares in 2020 across regions?
