The global gear motors market is estimated to be USD 18.08 Billion in 2016, and is projected to reach USD 23.94 Billion by 2021, growing at a CAGR of 5.8% from 2016 to 2021. Factors driving the gear motors market include increasing wind power installations, the minimal cost and compact nature of gear motors, and growing concerns regarding the efficiency of mechanical power transmission. The gear motors market is segmented on the basis of product type, gear type, rated power, torque range, industries, and region. The years considered for the study are:
The report segments the gear motors market on the basis of major end-user industries into wind power, material handling, food & beverage, metals & mining, cement & aggregates, automotive, power generation (excluding wind power), construction, chemicals, rubber, & plastics, marine, and other industries. The wind power and material handling industries are projected to be the fastest-growing segments in the gear motors market during the forecast period.

View Complete Report at: http://www.marketsandmarkets.com/Market-Reports/gear-motor-market-37526037.html

Gear motors rated up to 7.5 kW are expected to account for the largest share of the gear motors market, by rated power
Motors rated up to 7.5 kW are estimated to constitute the largest segment of the gear motors market, owing to the large number of applications that fall within this segment. Most major applications in industries such as material handling, food & beverage, and automotive employ motors rated within this range. Gear motors rated between 7.5 kW to 75 kW formed the second-largest segment in 2015, owing to the large percentage of motor-driven applications within this range throughout the production, transportation, and processing cycle.

Download PDF Brochure on http://www.marketsandmarkets.com/pdfdownload.asp?id=37526037

The wind power segment is expected to occupy the largest share of the gear motors market, by industry
Wind power is the largest end-use industry for gear motors, due to the large-scale application of speed-up gearboxes in wind turbines. Material handling and food & beverage are other major end-use industries that employ gear motors. The wind power segment of the gear motors market is expected to grow at the highest CAGR during the forecast period. The report segments the gear motors market on the basis of end-use industries into metals & mining, cement & aggregates, automotive, power generation (excluding wind power), construction, chemicals, rubber, & plastics, marine, and other industries.

Target Audience:
• OEMS
• Distributers & suppliers
• Consulting firms
• Private equity groups
• Investment houses
• Equity research firms
• Other similar entities

Request for Customization: http://www.marketsandmarkets.com/requestCustomization.asp?id=37526037

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: [email protected]