these particular region. Moreover, stringent government rules and regulations in regarding
reducing the emission of carbon will further increase the installation of wind turbine as wind
being cheapest power source for generating the power. This resource is vital for developing a
sustainable and low carbon economy which reduces the overall detrimental effects on the
environment.
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Global Gear Reducer Market: Competitive Landscape
Key players operating in the global gear reducer market include IPTS, Inc., NORD Drivesystems,
Altra Industrial Motion Corp., Apex Dynamics, Inc., Ondrives.US Corporation, Siemens, Li Xiang
Mach & Elec Co., Ltd, JVL Industri Elektronik, Boneng Transmission Co., LTD, Zhejiang Ever-Power
Transmission Co. Ltd., FIXEDSTAR, and HBReducer.
The gear reducer market appears to be highly fragmented due to the presence of several
international and regional players who focus extensively on R&D and technological
advancements. The competition among the players increased due to low product differentiation.
Moreover, to attain competitive advantage over the other players, the manufacturers of gear
reducers are focusing on introducing new and innovative variants, and their product portfolio
varies based on price, quality, innovation, and regulatory compliance. For instance, in January
2018, Li Xiang Mach & Elec Co., Ltd launched new series of helical gear reducers to provide
greater efficiency and flexibility for mechanical, electrical, and hydraulic motor operations.
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