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Vertical gear motor is a type of electric motors that utilize a gear system on the output of the motor. Integration of gear reducer or gearbox in an electric motor lowers costs and design complexity, particularly for machines built for low speed applications and high torque. Vertical gear motor has been gaining increasing application in machines for several industries such as food & beverages, construction, and metal processing which is directly influencing the growth of its global market. The vertical gear motor market is likely to witness robust growth in the coming years with growing number of renewable energy projects. As compared to conventional pump drive technologies, vertical gear motor is highly efficient for low-speed vertical pumping applications and offers various significant advantages. These are the key factors responsible for the growth of vertical gear motor market. In addition, reduced capital cost as well as maintenance costs are expected to auger well with th...

Growing Demand for Industrial Machinery to Impact Growth of Vertical Gear Motor Market Vertical gear motors form an inherent component of machines in various industrial sectors including Construction & Metal processing, Food & Beverage, and Transport & Packaging. Past few years have demonstrated industrial demand undercut by political uncertainty and slack in energy markets. Currently, the cyclical nature of demand for industrial machinery is being influenced by synchronized global expansion backdrop. International Monetary Fund (IMF) delivered its outlook on the global economy, estimating a 3.6% growth in 2017. In addition, the global economic growth in 2018 is envisaged at 3.7%, projecting 4.9% for developing countries and 2% for developed nations. Continuous advancements in technologies implemented across industrial sectors such as mining and agriculture sustain demand robustness for relevant machinery. Additionally, healthy rise in demand for packaged food & bev...