Global Geared Motors and Drives market cagr 6.1%

Geared Motors and Drives Market

Geared Motors and Drives Market Scope: Industry

Analysis, Market Size, Growth, Trends Till 2031

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Geared Motors and Drives Market Size and Growth

The global Geared Motors and Drives market is projected to grow at a significant rate due to increasing automation in industries. Market size is estimated to be valued at $XX billion by 2025. Factors driving growth include the demand for energy-efficient motors and drives, along with the rise in industrialization across emerging economies.

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Companies Covered (Covid 19 Impact Covered)

◍ ABB

◍ Bonfiglioli

◍ Mitsubishi

◍ Regal Beloit

◍ Siemens

◍ Sumitomo Heavy Industries

◍ Altra Industrial Motion

◍ Anaheim Automation

◍ Boneng

◍ Dana Brevini Power – Transmission

◍ Dematek AB

◍ Eaton

◍ Elecon Engineering

◍ Groschopp

◍ Johnson Electric

◍ NORD Drivesystems

◍ SEW-Eurodrive

The Geared Motors and Drives Market is highly competitive, with key players like ABB, Bonfiglioli, Mitsubishi, Siemens, and others offering a wide range of products. These companies utilize geared motors and drives for various applications in industries like automotive, aerospace, manufacturing, and more, contributing to the market's growth.

- ABB reported sales revenue of $27.7 billion in 2020.

- Bonfiglioli reported sales revenue of $892 million in 2020.

- Regal Beloit reported sales revenue of $3.6 billion in 2020.