Global Electric Drives Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

Electric drives have become necessary for efficient speed and motion control of electric motors. The electric drives are primarily categorized into two types: AC and DC. The current market trends are favorable for AC drives because AC motors are more energy efficient than DC motors and do not have unreliable commutators. So, while the market growth of DC drives remained almost flat in recent years, the market for AC drives is expected to see linear growth.



Scope of the Report:

This report focuses on the Electric Drives in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Analysts forecast the global electric drives market to grow at a CAGR of 4.5% during the period 2018-2022.

The increasing focus on the use of robots for industrial automation is one of the significant factors driving this market's growth. Electric drives are widely used in robots and primarily control direction, movement, and speed in robots. The growing need for automation across industrial, medical, and services sectors will lead to an augmented adoption of robots, which will positively impact the electric drives market during the forecast period.

The global electric drives market is highly fragmented owing to the presence of several well-established small and medium-sized vendors. The large vendors offer high-quality reliable devices with technological advancement. However, the cost of these drives remains very high and these drives face intense competition from small vendors that provide low-quality products at low cost. The competition is likely to intensify because of mergers and acquisitions. The large vendors are expected to acquire small and medium-sized vendors to enhance their market presence and expand their product portfolios.

The worldwide market for Electric Drives is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2023, from xx million US$ in 2017, according to a new study.



Market Segment by Manufacturers, this report covers

ABB

Danfoss

Schneider Electric

Siemens

Rockwell Automation

Mitsubishi Electric

Hitachi

Fuji Electric

Yaskawa Electric

Emerson Electric

Toshiba



Market Segment by Regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Colombia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)



Market Segment by Type, covers

AC drives

DC drives



Market Segment by Applications, can be divided into

Oil and gas

Water and waste water treatment

Food and beverage

Mining



There are 15 Chapters to deeply display the global Electric Drives market.

Chapter 1, to describe Electric Drives Introduction, product scope, market overview, market opportunities, market risk, market driving force;

Chapter 2, to analyze the top manufacturers of Electric Drives, with sales, revenue, and price of Electric Drives, in 2016 and 2017;

Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;

Chapter 4, to show the global market by regions, with sales, revenue and market share of Electric Drives, for each region, from 2013 to 2018;

Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;

Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;

Chapter 12, Electric Drives market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;

Chapter 13, 14 and 15, to describe Electric Drives sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source


Frequently Asked Questions



This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

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