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机械设备深度：工业减速机专题（一）：国际龙头复盘，知往鉴今，百年产业焕生机-东海证券

先发优势明显，海外龙头各有所长。欧洲企业率先布局减速机产品，涌现出SEW、Flender、Nord等一批减速机企业。外资品牌普遍占据全球减速机高端市场，在北美、欧洲等全球主要市场占绝对优势。国际龙头发展路径各有所长，SEW和Flender分别代表平台化、专业化两种不同的发展方向。 V SEW，模块化减速机先驱，向平台化发展。SEWEurodrive成立于1931年，业务覆盖减速机、电机、变频器等工

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