Industrial gear boxes are rotating machines that use gear and gear trains to transmit speed and torque so that other devices can move. A gear motor is made of a combination of a motor and a reduction gear. Gear box and gear motors are used in various industries such as wind power, material handling, cement & aggregator, pharmaceuticals, and construction. The global gear box and gear motors market is expected to grow, owing to its favorable properties specifically for applications in various end-use industries.
Increasing Investments in Mining and Infrastructure Development Projects
Countries, such as China, Australia, and the U.S., have increased investments in mining industries, which has resulted in the use of numerous large machineries for mining extraction. This is expected to play an important role in driving the gear box and gear motors market, as a large number of mining machinery is highly dependent on gear box and gear motors.
Moreover, demand for various machineries using gear box and gear motors has been increasing due to the rise in investment in infrastructure developmental projects by various countries, resulting in growth of the gear box and gear motors market.
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Growth of Manufacturing Plants and Adoption of Renewable Energy Sources
Several end-use industries, such as food & beverages, have witnessed considerable growth in the recent years. This is prompting key players operating in such end-use industries to grow their manufacturing plants to cater to the rising demand. Hence, investments in manufacturing plants is anticipated to significantly drive the market demand for gear box and gear motors. For instance, according to statistical information published by Nestle, a Switzerland-based food and beverage manufacturer, in March 2022, the company announced plans to invest US$ 675 Mn in its new beverage facility in Arizona, U.S. This new facility would be responsible for producing Coffee Mate, Starbucks brands, and Coffee Mate natural bliss, including future additional beverage products.
Moreover, governments and private entities have been compelled to increase the use of renewable energy sources, such as wind power, with the rising cost of oil and growing environment consciousness among the population. Thus, global demand for gear box and gear motors is expected to rise with the increasing use of wind power, as they are used to accelerate or slow down the rotational speed of the electrical generator for the wind turbine.
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End-use Industries Preferring Modular-based Gear Boxes to Increase Production
In terms of product type, the global gear box and gear motors market has been bifurcated into gear box and gear motors. The gear box segment is likely to hold key share of the market during the forecast period, while gear motors is expected to grow at the highest rate during the forecast period, 2022-2031. The preference for gear box is mainly due to rapid urbanization. Several end-use industries operating in the gear box and gear motors market are focusing on using innovative modular-based gear boxes that help them to boost production. Furthermore, high reliability, affordable cost, and reasonable lifecycle of gear boxes is leading to their increasing demand.
Moreover, various end-use industries are focusing on using gear boxes that allow them to enhance production, which has prompted manufacturers of gear boxes to manufacture equipment that is sturdy and sophisticated, and reduce noise, bear a higher load capacity, and offer efficient output.
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Planetary Gears to Witness High Demand in Global Gear Box and Gear Motors Market
The gear box and gear motors market has been split into helical, planetary, helical-bevel, worm, and others (spiral miter gear, etc.), in terms of gear type. Planetary gear is expected to dominate the global gear box and gear motors market during the forecast period. The planetary gear is more compact compared to other gear types, due to its high power density and coaxial shaft arrangement. The gearing arrangement of planetary gear tends to transfer the maximum amount of input energy to the intended output, resulting in a first-stage planetary gearbox efficiency of up to 97%. These factors are leading to the growth of the planetary gear segment.
Upto 10,000 Nm Rated Power Segment to Dominate Global Market Due to Extensive Application
In terms of rated power, the upto 10,000 Nm segment accounts for key share of the gear box and gear motors market, owing to its large number of application in various end-use industries such as robots, factory automation gantry, machinery tools, and welding indexing, and high usage from the geared motor segment. Efficiency of gear motors depends on friction; this, in turn, relies on the quality of the gearing, the number of tooth engagements, and the load torque. Gear motors require real power to generate and sustain a magnetic field in order to operate efficiently.
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