NORD has established as a reliable brand across the sectors to provide total solutions to our valuable customers
Infrastructure market will continue to grow in coming years. Expected CAGR is in double digit for growth till year 2030. With India government putting investments in projects, we see a good demand in this sector in coming future.
– Amit Deokule
Sr. General Manager, Sales & Marketing, Nord Drivesystem
How do you look at the market dynamics of infrastructure equipment in India? What is the current demand scenario from these segments?
Infrastructure market will continue to grow in coming years. Expected CAGR is in double digit for growth till year 2030. With India government putting investments in projects, we see a good demand in this sector in coming future. The market witnessed a slowdown in 2020 owing to the Covid-19 pandemic, which resulted in halt in construction projects, suspension of economic activities and lockdown across the country. However, with the gradual recovery of economic activities and relaxation in lockdown measures, the market regained its momentum and is expected to rise during the forecast period.
What is the current technological trends in geared motors market in India?
Geared motors market is also driven in automation way and geared motors are becoming part of total automation solutions. With efficient technologies coming up in motors like IE3, IE4 & recently NORD launched IE5 motors as well.
What are the features OEM customers are looking for in Geared Motors? How do you look at the changing customer needs over the years?
In our opinion, majority customers are looking for reliable partners in Drivesystems who can provide total solutions and products which can improve system efficiency of their products. NORD has established as a reliable brand across the sectors to provide total solutions to our valuable customers. NORD is continuously developing products as well as gearing up to support the demands from customers in various sectors. With our new products like Duo Drives, Maxxdrive XD, decentralized drives and products ready for Industry 4.0 support a wide opportunities are open.
How do you see the market recovery for geared motors going forward?
Starting from 2021 post pandemic, a steady but good recovery has been seen in Indian geared motors market. Few new sectors came up like E-Commerce, warehouse automation etc. has given a good growth in general. Sectors like food & beverage, Pharma will continue to grow in coming years.
What are your expansion plans?
NORD is continuously investing worldwide to support increasing demand from our customers globally. In India particularly, we will be expanding our capacities with additional large plant in next couple of years. From Feb. 2023, we are starting assembly of our large size Maxxdrive in Pune, India.
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