Albany, NY -- (SBWIRE) -- 05/16/2016 -- Technavio's research analyst predicts the global geared motors and drives market>/b> to grow steadily at a CAGR of 5% during the forecast period. The growing investments in the market and business expansion globally are the primary growth drivers for this market. To meet the growing demand for geared motors and drives, vendors are investing heavily in the market. Bauer Gear Motors, a leading geared motors and drives manufacturer, invested $11 million in constructing a new geared motors and drives production facility during 2014.

An increase in the number of government regulations concerning environmental and safety issues are driving the growth of the global geared motors and drives market. Stringent regulations have been enforced to reduce carbon emissions in the power and oil and gas industries and to curb the occurrence of adulteration, chemical contamination, industrial accidents, and environmental hazards. Bauer Gear Motors' helical motors with ATEX rated units are used in hazardous conditions to follow the regulations.

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Product segmentation and analysis of the geared motors and drives market
- Geared motors
- Geared drives

The geared drives segment dominated the market during 2015, with a market share of 54%. The increasing awareness among people to use environment-friendly energy sources to reduce the occurrence of carbon footprint has shifted the electricity generation using oil and gas, chemicals, and petrochemicals to wind turbines. This will likely boost the geared drives market globally.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Geared Motors and Drives Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts.

Key vendors
- ABB
- Bonfiglioli
- Emerson Electric
- Regal Beloit
- Siemens

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Key questions answered in this report:
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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