Use Of Earth Moving Equipment Could Potentially Grow Gear Reduction...

Use Of Earth Moving Equipment Could Potentially Grow Gear Reduction Motor Market

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Posted 2021-09-23 11:52:41

The recent study by Fact.MR on Gear reduction motor Market Demand offers a 10-year forecast. This Gear reduction motor market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis along with key stakeholders as well as emerging players associated with the manufacturing of product.

The Key trends Analysis of Gear reduction motor also provides dynamics that are responsible for influencing the future Sales and Demand of Gear reduction motor market over the forecast period.

Gear reduction motor Market : Overview

The overall sales for gear reduction motors went a slight down on account of government orders for the closure of all production units and barring of distribution and transportation networks in 2020.

As recovery in Covid-19 condition commences, the small-scale as well as large-scale firms are putting all their efforts in overcoming the losses they went through to establish a new and unique image among their customers.

For instance, Premium Transmission Corporation, one of the leading manufacturers of industrial gear motors announced that it has opened a new developmental center in Kolkata on 12th February, 2019. The company wanted to create a favourable employment scenario through the establishment of this center. At present, the company is generating 20 % of its total revenue from Eastern market and this center being the first one in this region

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Critical insights enclosed in the report:

In-depth assessment of the leading Key players Analysis in Gear reduction motor Market
The regional analysis of the different market segments and sub-segments
Recent mergers, acquisitions, collaborations, partnerships, and R&D activities.
SWOT analysis of the prominent players in the Gear reduction motor market
Y-o-Y revenue growth of Gear reduction motor market during the forecast period

In addition to that, Regal Beloit Corporation, a leading manufacturer of electric motors made an announcement of completing the acquisition of Nicrota Gebhardt Corporation, a leader in energy efficient systems for approximately 125 million Euros in January 2019.

The company under the acquisition is enhancing its portfolio, diversifying the geographical exposure and strengthen its capability to deliver energy efficient solutions. It is aimed at adding more innovative and improved gear motors and other air moving systems.

The acquisition will help Regal Beloit to get NG’s talented team consisting of experts in their light commercial air moving parts. These corporations together are continuing to expand their energy efficiency system solutions for the customers. The acquisition added approximately 4.1 % to the company’s sales growth by the end of 2019.

The report covers following Gear reduction motor Market insights and assessment that are helpful for all participants involved in the Gear reduction motor market:

Data on recently introduced regulations and their impact on key industries and on demand in Gear reduction motor
Latest industry Analysis on Gear reduction motor Market , with key analysis of market drivers, trends, and influencing factors
Key trends Analysis of Gear reduction motor market and changing consumer preferences in major industries.
Changing Gear reduction motor demand and consumption of diverse products
Major trends underlining funding by key investors in numerous countries
New investment opportunities in diverse technology and product or service types
Comprehensive data and Competitive analysis of Gear reduction motor major players

This developmental unit is an extension of the company’s current R&D activities and aims to develop innovative products, catering to core sectors like Steel, Power, Oil and Gas, Sugar, Cement, Construction etc.

The company in the present situation is growing in the international market and is transforming itself into a truly global player with strong R&D, design and engineering expertise, state-of-the-art manufacturing units in Falta, Pune and Aurangabad and one overseas manufacturing unit in Germany.

The company has further plans to make investments in product developments in both Kolkata and Pune in the coming years and expects to garner 15-20 % of total revenue from new products.

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Further, the Gear reduction motor market Survey report emphasizes the adoption pattern And Demand of Gear reduction motor Market across various industries.

Competitive Landscape Analysis On Gear reduction motor Market:

To provide decision-makers with credible insights on their competitive landscape, the Gear reduction motor industry research report includes detailed market competitive landscape analysis.

The competitive landscape analysis for Gear reduction motor Market includes detailed profiles of Tier 1, Tier 2, and Tier 3 players.

Leading Companies Profiled in the Gear reduction motor Market are:

A comprehensive estimate on Demand of Gear reduction motor market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of Gear reduction motor market. Price point comparison by region with global average price is also considered in the study.

Leading manufacturing companies such as Eaton Corporation, Siemens AG, Baldor Electric Company, Sew Eurodrive GmbH, Bauer Gear Motor Corporation, Sumitomo Heavy Industries Limited, Johnson Electric Holdings Limited, Emersion Electric Corporation, Brevini Power Transmission Corporation, Bonfiglioli Riduttori Corporation and Framo Morat Group are investing in innovation and latest technological adoptions to maintain pace with the changing market situations.

Other major participants in the global gear reduction motors market include Maxon Motor AG, BONFIGLIOLI RIDUTTORI S.P.A., Dana Brevini Group, Altra Industrial Motion Corp., Elecon Engineering Company Limited, ABB Group, Anaheim Automation, Inc., Portescap, Johnson Electric, Framo Morat, Emerson Electric, Eaton Corporation, Bison Group, Sumitomo Drive Technologies, SEW-Eurodrive and BFT Automation UK Ltd., among others.

These companies are focusing on the business strategies like research and developments, new product launches, product approvals, patents and events, joint ventures, product innovations, partnership agreements, collaborations, digital marketing, mergers and acquisitions, technological upliftments, hiring expertise etc to maintain and strengthen their position globally.

Gear reduction is a process by which input speed can be lowered for the requirement of a slower output speed with the same torque, and a gear reduction system consists of rotating gears that change the torque to achieve the required result.

Gear reduction motors has been used more and more in industrial equipment for infrastructural development as a way to increase torque while reducing the speed of the equipment. From production lines to wind mill turbines, popularity of the gear reduction motor has been steadily growing in recent years.

Gear reduction motors have separate applications– as speed reducers and as torque reducers, and are being used increasingly as reliable gear reduction units are critical across many industrial applications. The more common application of a gear reduction motor is to reduce speed while increasing torque, as it is used in conveyer belt systems. Gear reduction motors are also used in the opposite manner in windmills to produce electricity where it is used to increase rotational speed – less torque and more speed.

With gear reduction motors are being used to improve process efficiency opening up prospects for manufacturers to widen the scope of industrial applications of gear reduction motors during the forecast period of 2019-2027.

Gear reduction motor is widely used in automobile, bicycles, conveyer systems and other industrial and material handling equipment to increase torque while reducing the speed. The gear reduction motor typically reduces speed to avert the loss of control in rotating systems,

for example, from the engine of a vehicle to its wheel. By altering the ratio of rotation of two mechanical parts, gear reduction motor can change the energy input, thereby suitable for heavy duty applications including lifting, tank fabrication and in construction and mining industries.

The gear reduction motors are highly reliable, durable, ideal for heavy load application, and offers various mechanical advantages by reducing the speed of rotating equipment. These are the key factors driving the demand for global gear reduction motors.

Gear reduction motor market has been gaining high traction in the recent years with its rising scope of application. Owing to rapid industrial growth and increasing infrastructural development activities, gear reduction motor market is likely to witness steady growth in the emerging economies of Asia Pacific.

In addition, large scale vehicle production along with increasing number airports that largely adopt conveyer belt is expected to accelerate the growth of gear reduction motor market in the region.

Growing Use of Earth Moving Equipment Could Potentially Further the Growth of Gear Reduction Motors

Growing mining activities across emerging and developed economies has been offering significant growth opportunities for the earth moving equipment and related machinery. The adoption of earth moving equipment is expected to aid the growth in gear reduction motors that are used to control the speed and increase the torque while carrying out lifting operations and excavation activities.

Apart from mining, the growth in the construction activities is also anticipated to spur the adoption of earth moving equipment. Increase in number of infrastructure and construction projects across the globe have fuelled the sales of heavy earth moving machinery.

For instance, Hudson Yards Redevelopment Project (U.S.), Water Transfer Project (China), London Cross rail Project (UK), Gujarat International Finance Tech City (India) and Khazar Islands (Azerbaijan) are few of the projects that have pushed the demand for these machines.

This, in turn, has demanded efficient power transmission requirements, that include regulated torque increment with minimal load on engine, simultaneously reducing speeds as well as increasing them during lifting operations. This is expected to significantly fuel the adoption of gear reduction motors.

Market participants involved in gear reduction motors are focusing on improving gear torques for various asynchronous as well as synchronous applications. For example, Siemens AG has come up with SIMOGEAR gear reduction motor that offers high performance up to 55 kW from 0.09 kW achieving unit torque of 19.5 Nm.

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Key Question answered in the Survey of Gear reduction motor market Report By Fact.MR :

Gear reduction motor Company & brand share analysis: Company and brand share analysis on Gear reduction motor reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
Outlook of Gear reduction motor Market Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Gear reduction motor Market
Gear reduction motor Category & segment level analysis: Fact.MR's Gear reduction motor market sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify Gear reduction motor sales potential and set sales targets at local, country, and regional level.
Gear reduction motor Consumption by demographics: The outlook of Gear reduction motor market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
Post COVID consumer spending on Gear reduction motor market: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
Manufacturing trend analysis of Gear reduction motor : Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments
Gear reduction motor market Merger and acquisition activity: MR's analysis also includes merger & acquisition activity analysis. Gear reduction motor manufacturers and stakeholders will not only know the recent M&As but also understand its impact on competitive landscape and market share
Gear reduction motor demand by country: The report forecasts Gear reduction motor demand by country giving business leaders the Gear reduction motor insights to know fast-growing, stable, and mature markets

Efficient Torque Management in Conveyor Belts to Complement the Use of Gear Reduction Motors

Demand for conveyor belts has been increasing at a significant rate owing to increasing number of manufacturing plants that require conveyor belts to carry out material handling and transportation within the factory premises. Increasing number of airport construction projects have been witnessed since past year.

For instance, in India, government is planning to launch 100 airports in the coming 15 years with a high investment of 4 lakh crore. This is expected to present potential opportunities for the installation of conveyor belts, which consequently would have a positive impact on gear reduction motors.

Conveyor belts need managed speed to torque ratio as they run on low speeds. However, conveyor belts require additional torque owing to the weight they carry while transportation. Gear reduction motors offer enhanced torque increment alongside speed reduction without causing stoppages. This factor is expected to influence the growth of the gear reduction motors market during the period of forecast.

Focus on Reducing Corrosion and Contamination: A Key Focus Area for Manufacturers

Gear reduction motors are widely used across various end use industries and under extreme conditions, during which external agents can cause higher amount of corrosion to the gears and the motor alike, which can increase the risk of contamination to the end product.

This challenge has been addressed by key stakeholders as they are developing novel gear reduction motors that largely reduce or eliminate the chances of corrosion, flaking, scratching and chipping.

Such aseptic gear reduction motors can be used in critical applications in which process and product hygiene is of high importance, such as food manufacturing, meat processing, processing of dairy products, manufacturing of bakery and confectionery products, pharmaceuticals and brewing.

The use of such aseptic gear reduction motors is expected to enhance the scope of their use in the said industries, consequently favoring the growth of the global gear reduction motors market during the period of assessment.

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