DUBLIN, Jan. 6, 2021 /PRNewswire/ — The «Geared Motors Market – Global Outlook and Forecast 2021-2026» report has been added to ResearchAndMarkets.com’s offering.

The global geared motors market by revenue is expected to grow at a CAGR of approx. 5% during the period 2021-2026.

The global industry is expected to be highly influenced by China and India in terms of demand and raw material availability. Owing to the increasing focus on domestic production in the APAC region, particularly in India, the region is expected to grow significantly. This pattern is expected to persist in the long term, along with the globalization of trade in the Global South.

Trade levels in developing economies are projected to grow faster than in developed economies. The market is likely to grow with the growth in industrial production, enhancement in technological advancement, increase in urbanization and expansion of industries, and favorable trade opportunities in developing countries.

Global Geared Motors Market Segmentation

Capable to handle high-pressure loads and long-lasting performance are increasing the application of helical gearboxes. In 2020, helical geared motors held the highest market share as they last longer than others. They are projected to dominate the market during the forecast period. F&B, textiles, road construction machinery, chemicals, cement, and plastic are the major end-users, which are expected to drive the helical geared motors demand. However, easy handling along with high torque, low maintenance, and power consumption are likely to contribute to the growth of power transmission gears.

High trust levels and traceability are the major factors responsible for direct geared motor sales. The increasing demand for interconnectedness between consumers and businesses for reliability across the globe is also boosting the direct selling of geared motors. Reduced expenditure and deep market penetration are other factors driving the sale via direct channels. India and China are expected to witness the highest growth in direct sales owing to rapidly growing industrialization.

The rise in automation in several industrial processes and the high application of electric AC motors in various end-users such as healthcare, F&B, automotive, and other industries are likely to drive the market. The geared motors market growth is accelerated by the increasing use of electric AC motors in infrastructure and construction projects, especially in developing economies, which is likely to increase influence growth prospects of the segment. APAC is expected to witness significant growth over the next few years owing to the increase in purchasing power, high production of AC motor-driven applications, and growth in infrastructure projects in developing economies, especially in India and China.

Horsepower (rated power), starting torque, and high efficiency are the most important factors, which end-user industries considered while purchasing geared motors. 7.5 KW rated geared motors prefer aluminum frames as they are available in abundance. Geared motors ranged between 7.5 KW and 75 KW are expected to grow significantly. However, stringency in government regulations, which include, compliance to IE2 levels for above 7.5KW motors is expected to curtail the production of these machines.

In 2020, the demand for geared motors has been adversely affected on account of the COVID-19 outbreak. However, the impact level varies in intensity and scale as the industry is characterized by a high degree of end-user variability. Worm gear engines and helical gear motors are commonly used in the F&B industry with varying degrees of sanitary safety to meet the requirement in the production facility. North America is expected to generate the highest demand for geared motors owing to the presence of a highly established and rapidly F&B growing industry.

The automotive industry is expected to make a significant contribution to the global geared motors market share. However, due to lockdowns and restrictions, car sales are likely to be unpredictable. In H1 2020, the supply chain was disrupted and a realignment of contracts in the auto industry is expected. Suppliers of geared motors to the automotive industry are expected to confront heightened liquidity concerns.

Insights by Vendors

Vendors are likely to be adversely affected by the rapidly evolving technological climate as keeping up pace with continuous developments and enhancements is a major challenge. The rivalry among vendors is likely to intensify. The entry of large established motor firms is a major challenge for domestic and regional manufacturers. To maintain a strong market presence, suppliers are required to adjust and refine their specific products. The market is highly diversified on account of the presence of several manufacturers operating and selling their valued propositions worldwide.

Key Question Answered:

1. What is the projected market size & growth rate of the geared motors market?
2. What are the new opportunities for vendors in the geared motors market?
3. Which region is likely to witness maturity in demand in the near future?
4. Which are the primary growth drivers for the global geared motors market?
5. Who are the key players operative in the global geared motors market?

Market Dynamics

Market Opportunities & Trends

• Emergence of Magnetic Gearboxes
• Increasing Wind Power Installations

Market Growth Enablers

• Demand for Geared Motors From Agriculture & Forestry Industry
• Infrastructural Development in Emerging Countries
• Rise in Automation Expenditure

Market Restraints

• Advent of Direct Drive Technology
• Instability in Oil & Gas Industry
• Decline in The Construction Business

Prominent Vendors

• ABB
• Eaton
• Johnson Electric
• Mitsubishi
• Nidec Corporation
• Regal Beloit Corporation
• Siemens
• Sumitomo Heavy Industries
• WEG

Other Prominent Vendors

• Bauer Gear Motor
• Bison Gear & Engineering
• Bonfiglioli
• Dana Brevini Power Transmission
• Groschopp
• Sew-Eurodrive
• Teco Electric Company
• Varvel Group

For more information about this report visit https://www.researchandmarkets.com/r/kv8fhx

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SOURCE Research and Markets

NEW YORK, Jan. 6, 2021 /PRNewswire/ — Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of QuantumScape Corporation («QuantumScape» or the «Company») (NYSE: QS) from December 8, 2020 through December 31, 2020 (the «Class Period»). The lawsuit filed in the United States District Court for the Northern District of California alleges violations of the Securities Exchange Act of 1934.

If you purchased QuantumScape securities, and/or would like to discuss your legal rights and options please visit QuantumScape Shareholder Class Action Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com

The complaint alleges that throughout the Class Period the Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects.  Specifically, Defendants failed to disclose to investors that : (i) the Company’s purported success related to its solid-state battery power, battery life, and energy density were significantly overstated; (ii) the Company is unlikely to be able to scale its technology to the multi-layer cell necessary to power electric vehicles; and (iii) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On January 4, 2021, an article was published on Seeking Alpha.  That article pointed to a number of risks associated with QuantumScape’s solid state batteries.  These risks make QuantumScape’s batteries «completely unacceptable for real world field electric vehicles.» The article specifically stated that QuantumScape’s battery’s power meant it would «only last for 260 cycles or about 75,000 miles of aggressive driving.»

On this news, the price of QuantumScape’s shares fell $34.49 or approximately 40.84% to close at $49.96 per share on January 4, 2021.

If you wish to serve as lead plaintiff, you must move the Court no later than March 8, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchased QuantumScape securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/quantumscapecorporation-qs-shareholder-class-action-lawsuit-stock-fraud-352/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s «Plaintiffs’ Hot List» thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information

Matthew E. Guarnero
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
MGuarnero@bernlieb.com

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SOURCE Bernstein Liebhard LLP

TEMPE, Ariz., Jan. 6, 2021 /PRNewswire/ — Rockford Fosgate the industry leader in high-performance audio systems, is excited to announce the launch of all new Motorsports Can Speakers. Designed rugged and rock solid, the new line-up of 6.5-inch Motorsports Cans is built for true outdoor audio performance. Higher output, rider customization, and an Element Ready™ design all create an off-road audio experience second to none.

The new MotoCans are available in M0, M1, or M2 series options. All models are engineered for the perfect fit and finish with customized features including a universal clamping system that fits 1 to 2-inch round bars as well as 360-degree rotating logos on the rear of the can.

To ensure efficient and secure plug and play connectivity, Deutsch™ and Amphenol™ connectors are integrated into the design on all Rockford Fosgate MotoCan speakers. Combined with an IP67 certification these components are designed to withstand water, dirt, mud, and harsh UV rays. Making these purpose-built Element Ready™ drivers capable of performing in any motorsports environment.

The M1 and M2 models are equipped with Color Optix™ RGB LED Lighting and are designed to pair with the Color Optix ™ Controller and RF Connect App for complete lighting command at your fingertips. The 360-degree rotating rear logo is also illuminated by RGB LED lighting on these models.

With MSRP from $549.99 to $799.99 the MotoCans are expected to begin shipping in February.

For more information, please visit rockfordfosgate.com.

MotoCan Line-up Includes:

• M2WL-65MB M2 6.5″ MotoCan Speaker 150-watt RMS, 600-Watt Peak
• M1WL-65MB M1 6.5″ MotoCan Speaker 75-watt RMS, 300-Watt Peak
• M0WL-65MB M0 6.5″ MotoCan Speaker 65-watt RMS, 250-Watt Peak
• 2 Year Warranty

For more information or to find an authorized retail location near you, please visit rockfordfosgate.com.

About Rockford Corporation
Setting the standard for excellence in the audio industry, the Rockford Corporation markets and distributes high-performance audio systems for the mobile, motorsport, and marine audio aftermarket and OEM market.  Headquartered in Tempe, Ariz., Rockford Corporation is a publicly traded company and manufactures its products under the brand Rockford Fosgate(R).

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SOURCE Rockford Corporation

SANTA CLARITA, Calif., Jan. 6, 2021 /PRNewswire/ — As Princess Cruises continues to prepare and develop its plans to meet the «Framework for Conditional Sailing Order» issued by the U.S. Centers for Disease Control and Prevention (CDC), in addition to the uncertainty around travel restrictions, the company is extending its pause of guest cruise vacations on ships sailing through May 14, 2021. This includes sailings in the Caribbean, the California Coast, along with early season Alaska and Europe cruises.

«We appreciate the patience from our loyal guests and travel advisors as we work to meet the health and safety requirements for our return to service,» said Jan Swartz, president of Princess Cruises. «We continue to prepare our ships for our return to service and we are eager to see our guests back on board to create summertime memories.»

Guests currently booked on these cancelled voyages will have the option to receive a refundable Future Cruise Credit (FCC) equivalent to 100% of the cruise fare paid plus an additional non-refundable bonus FCC equal to 25% of the cruise fare paid.

To receive the above FCCs, no action is required by the guest or their travel advisor. The FCCs can be used on any cruises booked by May 1, 2022 and sailing by December 31, 2022. Alternatively, guests can request a full refund for all monies paid on their booking through this online form. Requests must be received by February 15, 2021 or guests will be registered for the Future Cruise Credit option.

Princess will protect travel advisor commission on bookings for cancelled cruises that were paid in full in recognition of the critical role they play in the cruise line’s business and success.

Princess Cruises previously paused global guest cruise vacations and cancelled all departures on all ships through March 31, 2021. 

The most current information and instructions for booked guests affected by these cancellations, and more information on FCCs and refunds, can be found online at Information on Impacted & Cancelled Cruises.

About Princess Cruises: 
One of the best-known names in cruising, Princess Cruises is the world’s leading international premium cruise line and tour company operating a fleet of 15 modern cruise ships, carrying two million guests each year to 380 destinations around the globe, including the Caribbean, Alaska, Panama Canal, Mexican Riviera, Europe, South America, Australia/New Zealand, the South Pacific, Hawaii, Asia, Canada/New England, Antarctica, and World Cruises. A team of professional destination experts have curated 170 itineraries, ranging in length from three to 111 days and Princess Cruises is continuously recognized as «Best Cruise Line for Itineraries.»  In 2017 Princess Cruises, with parent company Carnival Corporation, introduced MedallionClass Vacations enabled by the OceanMedallion, the vacation industry’s most advanced wearable device, provided free to each guest sailing on a MedallionClass ship. The award-winning innovation offers the fastest way to an effortless personalized vacation giving guests more time to do the things they love most. The company is part of Carnival Corporation & plc (NYSE/LSE: CCL; NYSE:CUK).  

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SOURCE Princess Cruises

Pause to include April sailings, Alaska departures through mid-May, Mediterranean through early June and select Canada/New England

SEATTLE, Jan. 6, 2021 /PRNewswire/ — As Holland America Line continues to prepare and develop its plans to meet the Framework for Conditional Sailing Order issued by the U.S. Centers for Disease Control and Prevention (CDC), the company is extending its pause of cruise operations for all departures through April 30, 2021. This includes Alaska, Mexican Riviera, Pacific Coast, Caribbean, Mediterranean and Canada/New England departures.

The line also will cancel all Alaska cruises through mid-May, Alaska departures on three ships through early June, any Land+Sea Journeys connected with canceled Alaska sailings, Mediterranean cruises through early June and Zaandam‘s Canada/New England itineraries through August.

Cruises impacted by this pause in operation are:

• All cruise departures through April 30, 2021.
• Alaska: Eurodam and Oosterdam through the first week of June (roundtrip from Seattle); Koningsdam through mid-May (roundtrip from Vancouver, British Columbia, Canada); Nieuw Amsterdam and Noordam through mid-May (roundtrip Vancouver and between Vancouver and Whittier, Alaska); and Zuiderdam though early June (roundtrip from Vancouver).
• Mediterranean: Volendam cruises through early June (between Venice and Civitavecchia [Rome], Italy); Westerdam though early June (roundtrip from Venice or between Venice and Piraeus [Athens], Greece).
• Canada/New England: Zaandam cruises through August (between Boston, Massachusetts, and Montreal, Quebec, Canada).

Guests and their travel agents are being notified of the cancellations and options for Future Cruise Credits (FCC) and rebooking.

Holland America Line is closely following the protocol set forth by the CDC, and is preparing ships and implementing procedures to meet all requirements for approval to sail following the pause.

Guests Automatically Receive Bonus Future Cruise Credit
Cruises impacted automatically will be canceled, and no action is needed when opting for the Future Cruise Credit. All guests will receive an FCC per person as follows:

• Paid in Full: Those who have paid in full will receive 125% FCC of the base cruise fare paid to Holland America Line.
• Not Paid in Full: Those with bookings not paid in full will receive an FCC of double the amount of their deposit. The minimum FCC is $100 and the maximum will be an amount up to the base cruise fare paid.

The FCC is valid for 12 months from the date of issue and may be used to book sailings departing through Dec. 31, 2022.  Noncruise fare purchases — such as shore excursions, gifts, dining and spa — will not be transferred to a new booking and will be refunded to the original form of payment. Other funds such as air fares paid to Holland America Line may be transferred to a new booking or will automatically be refunded via the method of payment used to purchase the services.

Full Refund Option Also Available
Guests who prefer a 100% refund of monies paid to Holland America Line can visit the Cancellation Preferences Form to indicate their preference no later than Feb. 15, 2021.

The above options are not applicable to guests booked on a charter sailing. Other booking and cancellation conditions and policies may apply if the cruise was not booked through Holland America Line. See the terms and conditions in the Cancellation Preferences Form for all details.

Holland America Line previously paused global cruise operations and canceled all departures on all ships through March 31, 2021.

For more information about Holland America Line, consult a travel advisor, call 1-877-SAIL HAL (877-724-5425) or visit hollandamerica.com.

Find Holland America Line on Twitter, Facebook and the Holland America Blog.  Access all social media outlets via the home page at hollandamerica.com.

About Holland America Line [a division of Carnival Corporation and plc (NYSE: CCL and CUK)]
Holland America Line has been exploring the world since 1873 and was the first cruise line to offer adventures to Alaska and the Yukon more than 70 years ago. Its fleet of premium ships visits more than 470 ports in 98 countries around the world, offering an ideal mid-sized ship experience. A third Pinnacle-class ship, Rotterdam, is under construction and will join the fleet in July 2021.

The leader in premium cruising, Holland America Line’s ships feature innovative initiatives and a diverse range of enriching experiences focused on destination exploration and personalized travel. The best live music at sea fills each evening at Music Walk, and dining venues feature exclusive selections from Holland America Line’s esteemed Culinary Council, comprising world-famous chefs.

In light of COVID-19, Holland America Line is currently enhancing health and safety protocols and how they may impact future cruises. Our actual offerings may vary from what is displayed or described in marketing materials. Review our current Cruise Updates, Health & Safety Protocols and CDC Travel Advisories.

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SOURCE Holland America Line

SUNNYVALE, Calif., Jan. 6, 2021 /PRNewswire/ — The Grand Hotel Sunnyvale, Silicon Valley’s #1 boutique hotel on TripAdvisor, announces its upcoming $25 million dollar annex will be completed June 1, 2021. A 60,000 sq. ft. addition will span 4 floors with 51 new rooms, two state-of-the-art meeting spaces, and a new gym. In total, the hotel will offer 155 rooms and private villas, three indoor meeting spaces that can accommodate up to 80, an outdoor events space for up to 150, outdoor heated pool, and more for business and leisure travelers to Silicon Valley. The hotel is ADA compliant and pet-friendly. Use of the luxury house car, complimentary continental breakfast in room, daily happy hour from California’s local boutique wineries, 24-hr room service, and more are also offered for guests.

The Grand Hotel Sunnyvale, and sister property, The Cupertino Hotel, are under the direction of Area Hotel General Manager Claudio Bono. Bono was recently recognized as a top nominee for California Hotel and Lodging Association’s Outstanding General Manager of the Year 2020 award. «We are incredibly proud of what the hotel has provided for the local community since opening in 2000. And, maybe even more so, for our essential workers and others displaced by COVID-19 within the last year,» said Bono. «Throughout the coronavirus pandemic, The Grand Hotel has provided safe housing for healthcare workers from local medical institutions, such as Kaiser and El Camino, as well as California residents affected by the state’s wildfire crisis,» he continued. «We’re forging forward with the hotel construction in acknowledgment that travel will emerge stronger on the other side of this global pandemic.» A former recipient of the community-lauded CREST Award, «Cupertino Recognizes Extra Steps Taken,» Bono is President Elect for the Cupertino Chamber of Commerce/Silicon Valley.

The new Deluxe Rooms include queen or king-sized beds, floor to ceiling windows, and full-size bathrooms with granite counter tops, dual vanity mirrors, and Jacuzzi tub. Additionally, the rooms are fully equipped with state-of-the-art amenities such as LCD TV, iHome docking station, mini-fridge, plush robes, and 110 mbps Wi-Fi.  The property’s 30 private villas are spacious 1-bedroom suites with 800 sq. ft. private terraces, fireplace, and full kitchen, efficient for extended stays. Recognizing the need for touchless amenities, ALEXA is also installed to allow guests to call for room service or set a wake-up call. Contactless check-in is provided.

The new 600 sq. ft. and 500 sq. ft. meeting spaces will be available for corporate meetings, business events and special occasions. The tech-savvy rooms can host 40 at round tables, 30 in a «U» set-up and up to 80 in a theatre or reception-like arrangement. Outdoor spaces for meetings, weddings, and other events are offered as well.  Contracts will be available from June 2021 onward.

The Grand Hotel is currently open for essential stays only, following the California Travel Advisory For Non-Essential Travel. It operates in accordance with CDC and US Department of Health guidelines. Full covid protocols can be found here: https://www.svgrandhotel.com/cleaning-protocols/.

Nightly rates for June 2021 start at $219 USD. For more information and reservations, please visit https://www.svgrandhotel.com.

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SOURCE The Grand Hotel