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

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

PR Newswire

LONDON, Sept. 13, 2017

Successful companies will be those that focus on vibrant market segments and direct drive systems, finds Frost & Sullivan's Mechanical Power Transmission team

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."

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

"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

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

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