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The geared motors and drives market size is forecast to increase by USD 8.46 billion at a CAGR of 7.3% between 2023 and 2028. The market is experiencing significant growth due to the increasing importance of accuracy in quality control processes across various industries. This trend is driving the demand for advanced geared motors and drives systems that offer higher precision and efficiency. Another emerging trend is the use of magnetic gearboxes, which provide several advantages such as higher power density, longer life, and reduced maintenance requirements. Furthermore, the growing adoption of Variable Speed Drives (VSDs) in various end-user industries, including manufacturing, oil and gas, and power generation, is also fueling the market growth. VSDs enable energy savings, improved system performance, and enhanced process control, making them an essential component in modern industrial automation systems.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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