Home » Gearbox and Gear Motor Market Set for Steady Growth
Gearbox and Gear Motor Market Set for Steady Growth
September 18, 2017
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 500 kW to 10 MW 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 7.5 kW and 7.5 kW to 75.0 kW 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.”