
Europe Electric Drives Facts and Figures
Description
Europe Electric Drives Facts and Figures
It is projected that the European electric drives market will experience a compound annual growth rate (CAGR) of 2.7% in value terms during the forecast period, leading to an estimated value of USD 4,088.5 million by the year 2029.
The European electric drives market is segmented by product type into AC drives, DC drives, and servo drives. In 2023, the AC drives segment emerged as the dominant category within the market. The valuation of the AC drives segment is forecasted to reach USD 3,564.5 million by 2029, with an anticipated highest CAGR of 2.9% during the period from 2024 to 2029.
Analyzing the market size of the Europe electric drives market in revenue terms, focusing on the breakdown between low-voltage electric drives and medium-voltage electric drives from 2020 to 2029, the total revenue of the low-voltage electric drives segment is expected to reach USD 3,380.9 million in 2029, demonstrating a CAGR of 2.7% from 2024 to 2029.
Furthermore, the electric drives market can be segmented across various industries such as oil & gas, petrochemicals, power generation, minerals, water treatment, food & beverages, HVAC-R, paper, discrete manufacturing, and others. The discrete manufacturing segment is projected to achieve a revenue of USD 583.6 million by 2029, with a CAGR of 3.0% over the forecast period from 2024 to 2029. Additionally, the revenue of the food & beverages segment is expected to grow at a CAGR of 3.5%, reaching USD 500.1 million by 2029.
In 2023, Germany, Italy, and Russia were identified as the top three countries leading the Europe electric drives market, collectively holding around 40% market share.
Key players in the European electric drives market include Siemens AG, ABB, Ltd., Danfoss A/S, Schneider Electric SE, Rockwell Automation, Inc., Nidec Corporation, Yaskawa Electric Corporation, and Toshiba Corporation. According to Tanalyze Ltd.'s report, these top eight companies collectively held over 90% market share in 2022, underscoring their significant influence within the industry.
This study aims to analyze the Europe market for various segments of electric drives, including:
Product Type: AC Drives, DC Drives, and Servo Drives.
Voltage: Low-voltage Electric Drives and Medium-voltage Electric Drives.
End-User: Oil & Gas, Petrochemicals, Power Generation, Minerals, Water Treatment, Food & Beverages, HVAC-R, Paper, Discrete Manufacturing, and Others.
Region: Germany, Italy, Russia, United Kingdom, France, Poland, Sweden, Spain, and Rest of Europe.
Table of Contents
54 Pages
- FIGURES AND TABLES
- Part 1. Key Findings
- Part 2. Scope and Methodology
- Report Scope
- Product Type
- Voltage
- End-User
- Region
- Research Methodology
- Part 3. Electric Drives Market Overview
- Summary
- Introduction
- Part 4. Europe Electric Drives Market by Product Type
- AC Drives Market by End-User
- DC Drives Market by End-User
- Servo Drives Market by End-User
- Part 5. Europe Electric Drives Market by Voltage
- Part 6. Europe Electric Drives Market by End-User
- Part 7. Europe Electric Drives Market by Region
- Part 8. Competitive Analysis
- Competition Overview
- Siemens AG
- Business Overview
- Contact Information
- ABB, Ltd.
- Business Overview
- Contact Information
- Danfoss A/S
- Business Overview
- Contact Information
- Schneider Electric SE
- Business Overview
- Contact Information
- Rockwell Automation, Inc.
- Business Overview
- Contact Information
- Nidec Corporation
- Business Overview
- Small Precision Motors
- Contact Information
- Yaskawa Electric Corporation
- Business Overview
- Contact Information
- Toshiba Corporation
- Business Overview
- Contact Information
- Disclaimer
- FIGURES AND TABLES
- Europe Electric Drives Market, Net Growth, 2020-2029 (USD Million)
- Europe Electric Drives Market by Product Type, 2020-2029 (USD Million)
- Europe Electric Drives Market by Product Type, CAGR Historic and Forecast, 2020-2029
- Europe AC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Europe AC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Europe DC Electric Drives Market by End-User, 2020-2029 (USD Million)
- Europe DC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Europe Servo Electric Drives Market by End-User, 2020-2029 (USD Million)
- Europe Servo Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Europe Electric Drives Market by Voltage, 2020-2029 (USD Million)
- Europe Electric Drives Market by Voltage, CAGR Historic and Forecast, 2020-2029
- Europe Electric Drives Market by End-User, 2020-2029 (USD Million)
- Europe Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
- Europe Electric Drives Market Share by Country, 2023
- Europe Electric Drives Market Share (%) by Competitors, 2022
- Siemens AG Financial Overview (EUR Million)
- Siemens AG Revenue, by Segment, 2022
- Siemens AG Revenue, by Region, 2022
- ABB, Ltd. Financial Overview (USD Million)
- ABB, Ltd. Revenue, by Type, 2022
- ABB, Ltd. Revenue, by Segment, 2022
- ABB, Ltd. Revenue, by Product, 2022
- ABB, Ltd. Revenue, by Region, 2022
- Danfoss A/S Financial Overview (EUR Million)
- Danfoss A/S Revenue, by Segment, 2022
- Danfoss A/S Revenue, by Region, 2022
- Schneider Electric SE Financial Overview (EUR Million)
- Schneider Electric SE Revenue, by Segment, 2022
- Rockwell Automation, Inc. Financial Overview (USD Million)
- Rockwell Automation, Inc. Revenue, by Segment, 2023
- Rockwell Automation, Inc. Revenue, by Type, 2023
- Rockwell Automation, Inc. Revenue, by Region, 2023
- Nidec Corporation Financial Overview (JPY Billion)
- Nidec Corporation Revenue, by Segment, 2023
- Nidec Corporation Revenue, by Region, 2023
- Nidec Corporation Small Precision Motors Revenue (JPY Billion)
- Yaskawa Electric Corporation Financial Overview (JPY Million)
- Yaskawa Electric Corporation Revenue, by Segment, 2023
- Yaskawa Electric Corporation Revenue, by Region, 2023
- Toshiba Corporation Financial Overview (JPY Million)
- Toshiba Corporation Revenue, by Region, 2023
- Toshiba Corporation Revenue, by Segment, 2023
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