New ARC Advisory Group research on the Geared Motors market reveals that megatrends, such as increased urbanization and increasing wages, energy savings, and competitive pressure on the end user side, drive the demand for geared motors. The integration of drives and PLCs with geared motors and being sold as a single entity is another trend that will shape the future growth of the market.
“Most geared motors offer integrated condition monitoring or can be integrated into a third-party system. Although this has become the standard, the correct and continuous usage of this feature is still not widely adopted. In critical applications, preventive or preferably predictive condition monitoring needs to become the standard,” according to Siddhartha Maiti, Analyst at ARC Advisory Group and key author of ARC’s Geared Motors Global Market Research report.
“Conveyor applications are widely used in industries like food & beverage and transportation & logistics, which are experiencing a high demand across the globe. Hence demand for lower torque range geared motors will increase further,” added G. Ganapathiraman, Vice President and General Manager, ARC Advisory Group, India.
About the Geared Motors Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the geared motors market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by region, industry, machinery segmentations, connectivity, gear type, power type, sales channels, and customers.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) - personalized spreadsheet includes two years of history in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, go to www.arcweb.com/market-studies.