Geared Motors Market Segment Forecasts up to 2020

Jun 24, 2015

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Rising investment in heavy industries and end user industry segments such as materials, wind power, food and beverages is driving the geared motors market. Economic stability across the market is expected to increase the consumer spending in gearbox motors market leading to growth and demand for the market and its products. Rising concerns over the escalating energy costs and environmental concerns would promote the use of wind power farms. Thus, use of gear motors in turbine of non-conventional energy generators such as wind and hydroelectric power is one of the major market segments of the geared motors market.

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Geared Motors Market Segment Forecasts up to 2020

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