Industrial Gear Motors and Drives
Market
Industrial Gear Motors and Drives Market Size and Growth
The Industrial Gear Motors and Drives market is experiencing steady growth, driven by increasing automation across various industries. The global market is valued at approximately $20 billion, with an expected CAGR of 6% over the next five years, reflecting rising demand for energy efficiency and advanced motion control solutions in manufacturing.
Companies Covered
(Covid 19 Impact Covered)
◍ Siemens
◍ SEW-EURODRIVE
◍ Nord
◍ Bosch Rexroth
◍ Emerson
◍ ABB
◍ Altra Industrial Motion
◍ Sumitomo Heavy Industries
◍ Bonfiglioli
◍ Rexnord
◍ Weg
◍ TECO
◍ Guomao Reducer
◍ Tailong Decelerator Machinery
◍ Taixing Reducer
◍ Tongli
◍ Haoke
◍ Hongtai
The Industrial Gear Motors and Drives Market is competitive, featuring key players like Siemens, SEWEURODRIVE, and ABB. These companies enhance market growth through technological advancements, diverse product portfolios, and global reach. Notable sales figures include Siemens' €87 billion, ABB's $26.1 billion, and Emerson's $18.3 billion, reflecting significant market presence.
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Market Segmentation
By Application
Energy
Chemical
Food
Transportation
Others
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By Product
Normal Gear
Worm Gear
Planetary Gear
Others
Market Growth
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$ X Billion USD
