Latest News- Geared Motors And Drives Market: Geared motors is expected to lead the Type segment during 2025-2029

The Geared Motors And Drives Market is being driven by Growing importance of accuracy in quality control processes

The Geared Motors And Drives Market is expected to grow at a CAGR of 7.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 10836.4 million. Magnetic gearboxes represent a cutting-edge technology in the industrial sector, delivering enhanced efficiency, minimal maintenance requirements, and superior performance. These advanced systems operate based on magnetic attraction and repulsion principles, eliminating the need for physical gear contact and lubrication. This design feature results in significant cost savings due to decreased maintenance costs and reduced wear and tear. Furthermore, magnetic gearboxes exhibit higher energy efficiency due to minimal frictional loss, making them an eco-friendly and cost-effective solution for high-speed applications and environments subject to high shock and vibration. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Geared motors
  • Geared drives
• End-user
  • Food and beverages
  • Metals and mining
  • Automotive
  • Wind power
  • Others
• Power Rating
  • 7.5-75 kW
  • Up to 7.5 kW
  • Above 75 kW
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing importance of accuracy in quality control processes
• Rising need to maintain certification standards of industrial products
• Increasing use of geared motor and drive systems in automotive plants

However, the market also witnesses some limitations, which are as follows:

• Growing use of VSDs in different end-user industries
• High maintenance costs associated with geared motors and drives
• Availability of counterfeit geared motors and drives

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Market Scope in Geared Motors And Drives Market Research Report

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Research Analysis Overview

The Geared Motors and Drives Market encompasses various aspects, including motor power rating, lubrication for gearboxes, bearing selection, shaft alignment, and coupling design. Additionally, it involves gear wear analysis, system diagnostics, preventive maintenance, fault detection, and remote monitoring. Energy efficiency standards and safety certifications are crucial considerations, as are material selection, manufacturing processes, and gearbox testing. Performance testing, life cycle assessment, dynamic modeling, finite element analysis, and electromagnetic interference are essential for optimizing system efficiency. Heat dissipation, vibration damping, system simulation, control system design, software integration, human-machine interface, actuator selection, input-output relationships, operational parameters, and system architecture are also significant factors in this market.

Market Research Overview

The Geared Motors and Drives market is a significant segment within the larger Industrial Machinery and Supplies and Components market. This market encompasses businesses specializing in the manufacturing of industrial machinery and components, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio, the Global Industrial Machinery and Supplies and Components market size is determined by the combined revenue generated by these manufacturers. Key growth drivers for this market include expanding industrial production in process and discrete industries, necessitating capacity additions in sectors such as energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages in developing countries. Moreover, the Geared Motors and Drives market specifically benefits from advancements in technology, such as gearbox efficiency, motor torque curves, drive system integration, and precision gear machining. These innovations enhance the overall performance and efficiency of industrial machinery, contributing to the market's growth. The global demand for these solutions is further fueled by the increasing need for automation and energy savings in industrial processes.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/