Digitalization Restructures the Market for Geared Motors

Summary

Oct. 10, 2022 - Dedham, Mass. - ARC Advisory Group’s new market research report on Geared Motors reveals that the digitalization of industrial processes is supported by the integration of drives, PLCs and geared motors. Geared motors help enhance the operation of industrial facilities by supplying information about real-time motor driving characteristics, which indicate the states of the drive mechanism and the machinery. This data may be leveraged in edge devices and cloud infrastructure. Geared motors are gaining market share as their modular design and flexible usage make them cost-effective. Machines and industries around the world are being restructured because of digitalization and increased connectivity. Industrial devices equipped with geared motors may now be operated and monitored more intelligently than before, independent of location.
 
"Geared motors are used in material handling applications and are therefore found in several industry verticals. Market growth drivers include a steady demand from the food & beverage industry and long-term growth in the transportation & logistics sector. Road construction machinery is a major end user of geared motors. Geared motors are getting smarter and more sophisticated, with features such as program execution in addition to fundamental motor controls. Geared motors with condition-based monitoring capabilities give feedback on the drive, motor, and application‘s health. Analytical signals are used to initiate maintenance and enhance system design," according to Siddhartha Maiti, market analyst and key author of ARC's Geared Motors Market Research Report.
 

Geared motors market trends

In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:

• Convergence of IT and OT 
• Energy Efficiency
• Increased Investment in Digital Twins, AI, and IoT 
• Industrial 5G
• Motors Evolving with PCB Stators

Leading suppliers to the geared motors market identified

In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: ABB, Lenze, Nord, SEW Eurodrive, Sumitomo Heavy Industries.
 

About the Geared Motors Research

The Geared Motors report explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts and up to 5 years of historical analysis segmented by Machinery Segment, Sales Channel, World Region, Industry, Customer Type, Value Add, Torque, Power Type, Gear Type, Connectivity.

About ARC Advisory Group

ARC Advisory Group is the leading market research and advisory firm for industry, infrastructure and smart cities. ARC analysts have the industry knowledge and firsthand experience to help clients find the best answers.