Malaysia gear motors market is expected to grow at a significant CAGR in the forecast period. Rapid industrialization to improve the economic conditions of the country along with the requirements of the growing population is influencing the gear motors market growth. The need for efficient power transmission technology to ensure minimal loss and the high demand for energy in all crucial industry verticals including metal & mining, food & beverage, wind power, material handling, amongst others is expected to contribute significantly to the gear motors market growth in the next five years. The launch of projects aiming at infrastructural development and the expansion of current infrastructure along with the growing adoption of privatization to obtain better results is expected to fuel the market growth. An increase in urbanization in search of quality living standards and better job opportunities is creating the need for more electricity generation and consumption in urban areas. Ongoing research and development activities by the market players to introduce enhanced gear motors with higher efficiency and performance are accelerating the growth of the gear motors market. The rise in the adoption of automation technology in various end-user industries to enhance efficiency and minimize the chances of error is expected to fuel the growth of the gearbox market.
Malaysia gear motors market is segmented into type, product type, rated power, torque, end use industry, regional distribution, and company. Based on the end use industry, the market can be divided into wind power, metals and mining, automotive, construction, chemicals & petrochemicals, power generation (excluding wind power), others. Wind power is expected to witness growth in the forecast period, 2023-2027 owing to the growing demand for eco-friendly energy sources. The growing burden on conventional energy sources and the effect of harmful emissions from fossil fuel energy sources is influencing the growth of the wind power segment.
The major players operating in the Malaysia gear motors market are Eaton Corporation PLC, Siemens Malaysia, Baldor Electric Company, Johnson Electric Holdings Limited, Sumitomo Heavy Industries Ltd., Rossi Malaysia, Bonfiglioli Riduttori S.P.A., Oriental Motors Malaysia, Emerson Electric (M) Sdn Bhd., Fly Automation Sdn Bhd., and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Objective of the Study
- To analyze the historical growth of the market
size of Malaysia gear motors market from 2017 to 2020.
- To estimate and forecast the market size of Malaysia
gear motors market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast Malaysia gear motors market
based on type, product type, rated power, torque, end use industry, regional
distribution, and company.
- To identify dominant region or segment in the Malaysia
gear motors.
- To identify drivers and challenges for Malaysia
gear motors.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Malaysia
gear motors.
- To identify and analyze the profile of leading
players operating in Malaysia gear motors.
- To identify key sustainable strategies adopted
by market players in Malaysia gear motors market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers who could not be identified due to the limitations of secondary research. Market insights research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
Market insights research calculated the market size of
Key Target Audience
- Gear Motor manufacturing
companies
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums, and
alliances related to gear motors market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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Type
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Product Type
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Rated Power
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Torque
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End Use Industry
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Regional scope
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East Coast Region; Southern Region; Northern Region; East
Region; Central Region
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Key companies profiled
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Eaton Corporation PLC, Siemens Malaysia,
Baldor Electric Company, Johnson Electric Holdings Limited, Sumitomo Heavy
Industries Ltd., Rossi Malaysia, Bonfiglioli Riduttori S.P.A., Oriental
Motors Malaysia, Emerson Electric (M) Sdn Bhd., Fly Automation Sdn Bhd.
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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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