Zion Market Research Global Gear Motors Market, 2016–2024 | Page 4

Gear Motors Market
hybrid technology is also one of the factors boosting the demand for the gear motors. On the
other side, high maintenance & manufacturing cost and availability of various alternative
products are hampering the growth of the global gear motors market.
Global Gear Motors Market: Regional Analysis
Geographically, Europe has been showing an appreciable growth and is projected to lead the
global gear motor market. Asia Pacific region may witness a rapid growth due to rising
number of wind power producing projects and high industrial development in regions like
Japan, India, and China. North America is also predicted to grow in coming future owing to
huge investment in renewable energy and wind power generation projects.
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Global Gear Motors Market: Competitive Players
Some of the prominent players leading the global gear motors market include Elecon
Engineering Company Ltd, Siemens AG, Sew-Eurodrive GmbH & Co. Kg, Bonfiglioli
Riduttori S.P.A, China High-Speed Transmission Equipment Group Co. Ltd., Emerson
Electric Co., Sumitomo Heavy Industries Ltd., Watt Drive Antriebstechnik GmbH,. Other
key players comprise Eaton Corporation PLC., Baldor Electric Company, Winergy, Brevini