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Global Electric Drives Market 2017-2021

Global Electric Drives Market 2017-2021

About Electric Drives

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.

Technavio’s analysts forecast the global electric drives market to grow at a CAGR of 4.52% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global electric drives market for 2017-2021. To calculate the market size, the report considers the revenue generated by top vendors in electric drives market along with their market share.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report Global Electric Drives Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • Danfoss
  • Schneider Electric
  • Siemens
  • Rockwell Automation
Other prominent vendors
  • Mitsubishi Electric
  • Hitachi
  • Fuji Electric
  • Yaskawa Electric
  • Emerson Electric
  • Toshiba
Market driver
  • Growing demand for renewable energy
  • For a full, detailed list, view our report
Market challenge
  • Highly fragmented market
  • For a full, detailed list, view our report
Market trend
  • Increasing demand for Industrial Internet of Things
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Electric Drives Market 2017-2021

Technavio recognizes the following companies as the key players in the global electric drives market: ABB, Danfoss, Schneider Electric, Siemens, and Rockwell Automation

Other Prominent Vendors in the market are: Mitsubishi Electric, Hitachi, Fuji Electric, Yaskawa Electric, Emerson Electric, and Toshiba

Commenting on the report, an analyst from Technavio’s team said: “The energy resources, such as natural gas, oil, and fossil fuels are limited in quantity. Apart from this, the use of these resources casts a negative influence on the natural environment. So, shortage of electricity and global warming due to environmental pollution have helped the formulation of various energy regulation policies by governments. The major developed regions like North America and Europe have already taken a step to ensure maximum usage of renewable energy by 2050.For example, there were three different standards for motors, and now IEC 60034-30-1:2014 for motors has included the fourth efficiency level standard, called IE4.”

According to the report, the energy resources, such as natural gas, oil, and fossil fuels are limited in quantity. Apart from this, the use of these resources casts a negative influence on the natural environment. So, shortage of electricity and global warming due to environmental pollution have helped the formulation of various energy regulation policies by governments. The major developed regions like North America and Europe have already taken a step to ensure maximum usage of renewable energy by 2050.For example, there were three different standards for motors, and now IEC 60034-30-1:2014 for motors has included the fourth efficiency level standard, called IE4.

Further, the report states that most of the end-users' expansion and growth plans are highly dependent upon oil and gas prices, which are volatile in nature. The reduction in oil and gas prices may restrain industrial and manufacturing industries, and will discourage any further investments. Since the electric drives market is highly co-related with these industries, the risks associated with these markets are very high.

Companies Mentioned

ABB, Danfoss, Schneider Electric, Siemens, Rockwell Automation, Mitsubishi Electric, Hitachi, Fuji Electric, Yaskawa Electric, Emerson Electric, Toshiba.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Market segmentation
    • Top-vendor offerings
      • Table Product offerings
    • Other prominent vendors
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Basic structure of electric drives
    • Global electric drives market
      • Table Global electric drives market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Market overview
      • Table Segmentation of electric drives by type
      • Table Difference between AC drives and DC drives
      • Table Global market share of electric drives by type 2016 and 2021 (%)
    • Global AC drives market
      • Table Global AC drives market 2016-2021 ($ billions)
    • Global DC drives market
      • Table Global DC drives market 2016-2021 ($ billions)
  • Market segmentation by power rating
    • Market overview
      • Table Segmentation by power rating
      • Table Market share of electric drives by power rating 2016 and 2021 (%)
    • Global low voltage electric drives market
      • Table Global low voltage electric drives market 2016-2021 ($ billions)
    • Global medium voltage electric drives market
      • Table Global medium voltage electric drives market ($ billions)
  • Market segmentation by end-user
    • Market overview
      • Table Segmentation of electric drives by end-users
      • Table Global electric drives market share by end-users (%)
    • Global electric drives market in oil and gas industry
      • Table Global electric drives market in oil and gas industry 2016-2021 ($ billions)
    • Global electric drives market in food and beverage industry
      • Table Global electric drives market in food and beverage industry 2016-2021 ($ billions)
    • Global electric drives market in water and wastewater treatment industry
      • Table Global electric drives market in water and wastewater treatment industry 2016-2021 ($ billions)
    • Global electric drives market in mining industry
      • Table Global electric drives market in mining industry 2016-2021 ($ billions)
    • Global electric drives market in other industries
      • Table Global electric drives market for other industries 2016-2021 ($ billions)
  • Geographical segmentation
    • Market overview
      • Table Market share of electric drives by region 2016 and 2021 (%)
    • Electric drives market in EMEA
      • Table Electric drives market in EMEA 2016-2021 ($ billions)
    • Electric drives market in Americas
      • Table Electric drives market in Americas 2016-2021 ($ billions)
    • Electric drives market in APAC
      • Table Electric drives market in APAC 2016-2021 ($ billions)
  • Market drivers
    • Table Global electric motors market 2015-2019 ($ billions)
    • Table Global robotics market in electrical and electronics industry 2016-2019 ($ billions)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
      • Table Global market share of vendors in electric drives market 2016
    • Competitive analysis
      • ABB
        • Table ABB: Business segmentation
        • Table ABB: Product portfolio
    • Danfoss
      • Table Danfoss: Product portfolio
    • Schneider Electric
      • Table Schneider Electric: Product portfolio
    • Siemens
      • Table Siemens: Product portfolio
    • Rockwell Automation
      • Table Rockwell Automation: Product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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