TechNavio recognizes the following companies as the key players in the Global Industrial Gear Motors and Drives Market: ABB Ltd., Emerson Electric Co., and Siemens AG.
Commenting on the report, an analyst from TechNavio’s team said: “The Global Industrial Gear Motors and Drives market in wind power is seeing an increasing trend toward using customized geared products rather than using off-the-shelf industrial designs with minor modifications. Also, the market is seeing more integration between gearboxes and generators which has considerable advantage in terms of size, weight, and cost. Moreover, manufacturers and suppliers are teaming up to provide combined geared and generator products which are priced more competitively than the conventional products.”
According to the report, the Global Industrial Gear Motors and Drives market is witnessing many growth drivers, one such driver being the industrial growth in the emerging markets. Post-global economic recession, manufacturers have expanded their installed capacities to meet the increasing demand of the growing population.
Further, the report states that one of the major challenges in the market is the availability of alternative technologies. Easy availability of these technologies at low prices poses a huge threat to the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-industrial-gear-motors-and-drives…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Global Industrial Gear Motors and Drives Market 2012-2016
