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Motors and Drives Services Market 2025-2029

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    Report

  • 204 Pages
  • March 2025
  • Region: Global
  • TechNavio
  • ID: 5116111
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The motors and drives services market is forecasted to grow by USD 2.44 billion during 2024-2029, accelerating at a CAGR of 2.3% during the forecast period. The report on the motors and drives services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for servo motors and brushless motors, focus on increasing energy efficiency in industries, and increased outsourcing of service and maintenance operations.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

The motors and drives services market is segmented as below:

By Product

  • Motors
  • Drives

By End-user

  • Process industry
  • Discrete industry

By Geographical Landscape

  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa

By End-User

  • Manufacturing
  • Oil & Gas
  • Automotive
  • HVAC

By Motor Type

  • AC Motors
  • DC Motors
  • Servo Motors

By Service Type

  • Maintenance & Repair
  • Installation
  • Upgrades
  • Consulting
This study identifies the technological advances in electric drives as one of the prime reasons driving the motors and drives services market growth during the next few years. Also, advent of iot in electric drives and adoption of inside sales strategy in developing countries will lead to sizable demand in the market.

The report on the motors and drives services market covers the following areas:

  • Motors And Drives Services Market sizing
  • Motors And Drives Services Market forecast
  • Motors And Drives Services Market industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading motors and drives services market vendors that include Siemens AG (Germany), ABB Ltd. (Switzerland), Schneider Electric SE (France), Rockwell Automation Inc. (United States), Mitsubishi Electric Corporation (Japan), Yaskawa Electric Corporation (Japan), Toshiba International Corporation (Japan), Emerson Electric Co. (United States), WEG S.A. (Brazil), Nidec Motor Corporation (Japan), Regal Rexnord Corporation (United States), TECO Electric & Machinery Co., Ltd. (Taiwan), Hitachi Industrial Equipment Systems (Japan), Danfoss A/S (Denmark), Leroy-Somer (France), Vacon (Finland), SEW-EURODRIVE GmbH & Co KG (Germany), Franklin Electric Co., Inc. (United States), Hyundai Electric & Energy Systems (South Korea), and CG Power and Industrial Solutions Ltd. (India). Also, the motors and drives services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Global - Market size and forecast 2024-2029 ($ million)
Data Table on Global - Market size and forecast 2024-2029 ($ million)
Chart on Global Market: Year-over-year growth 2024-2029 (%)
Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Global Motors And Drives Services Market 2019 - 2023
Historic Market Size - Data Table on Global Motors And Drives Services Market 2019 - 2023 ($ million)
5.2 Product segment analysis 2019 - 2023
Historic Market Size - Product Segment 2019 - 2023 ($ million)
5.3 End-user segment analysis 2019 - 2023
Historic Market Size - End-user Segment 2019 - 2023 ($ million)
5.4 Geography segment analysis 2019 - 2023
Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.5 Country segment analysis 2019 - 2023
Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
6.1 The AI impact on global motors and drives services market
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Product
8.1 Market segments
Chart on Product - Market share (2024-2029) (%)
Data Table on Product - Market share (2024-2029) (%)
8.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
8.3 Motors - Market size and forecast (2024-2029)
Chart on Motors - Market size and forecast (2024-2029) ($ million)
Data Table on Motors - Market size and forecast (2024-2029) ($ million)
Chart on Motors - Year-over-year growth (2024-2029) (%)
Data Table on Motors - Year-over-year growth (2024-2029) (%)
8.4 Drives - Market size and forecast (2024-2029)
Chart on Drives - Market size and forecast (2024-2029) ($ million)
Data Table on Drives - Market size and forecast (2024-2029) ($ million)
Chart on Drives - Year-over-year growth (2024-2029) (%)
Data Table on Drives - Year-over-year growth (2024-2029) (%)
8.5 Market opportunity by Product
Market opportunity by Product ($ million)
Data Table on Market opportunity by Product ($ million)
9 Market Segmentation by End-user
9.1 Market segments
Chart on End-user - Market share (2024-2029) (%)
Data Table on End-user - Market share (2024-2029) (%)
9.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
9.3 Process industry - Market size and forecast (2024-2029)
Chart on Process industry - Market size and forecast (2024-2029) ($ million)
Data Table on Process industry - Market size and forecast (2024-2029) ($ million)
Chart on Process industry - Year-over-year growth (2024-2029) (%)
Data Table on Process industry - Year-over-year growth (2024-2029) (%)
9.4 Discrete industry - Market size and forecast (2024-2029)
Chart on Discrete industry - Market size and forecast (2024-2029) ($ million)
Data Table on Discrete industry - Market size and forecast (2024-2029) ($ million)
Chart on Discrete industry - Year-over-year growth (2024-2029) (%)
Data Table on Discrete industry - Year-over-year growth (2024-2029) (%)
9.5 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
10 Market Segmentation by End-User
10.1 Market segments
Chart on End-User - Market share (2024-2029) (%)
Data Table on End-User - Market share (2024-2029) (%)
10.2 Comparison by End-User
Chart on Comparison by End-User
Data Table on Comparison by End-User
10.3 Manufacturing - Market size and forecast (2024-2029)
Chart on Manufacturing - Market size and forecast (2024-2029) ($ million)
Data Table on Manufacturing - Market size and forecast (2024-2029) ($ million)
Chart on Manufacturing - Year-over-year growth (2024-2029) (%)
Data Table on Manufacturing - Year-over-year growth (2024-2029) (%)
10.4 Oil & Gas - Market size and forecast (2024-2029)
Chart on Oil & Gas - Market size and forecast (2024-2029) ($ million)
Data Table on Oil & Gas - Market size and forecast (2024-2029) ($ million)
Chart on Oil & Gas - Year-over-year growth (2024-2029) (%)
Data Table on Oil & Gas - Year-over-year growth (2024-2029) (%)
10.5 Automotive - Market size and forecast (2024-2029)
Chart on Automotive - Market size and forecast (2024-2029) ($ million)
Data Table on Automotive - Market size and forecast (2024-2029) ($ million)
Chart on Automotive - Year-over-year growth (2024-2029) (%)
Data Table on Automotive - Year-over-year growth (2024-2029) (%)
10.6 HVAC - Market size and forecast (2024-2029)
Chart on HVAC - Market size and forecast (2024-2029) ($ million)
Data Table on HVAC - Market size and forecast (2024-2029) ($ million)
Chart on HVAC - Year-over-year growth (2024-2029) (%)
Data Table on HVAC - Year-over-year growth (2024-2029) (%)
10.7 Market opportunity by End-User
Market opportunity by End-User ($ million)
Data Table on Market opportunity by End-User ($ million)
11 Market Segmentation by Motor Type
11.1 Market segments
Chart on Motor Type - Market share (2024-2029) (%)
Data Table on Motor Type - Market share (2024-2029) (%)
11.2 Comparison by Motor Type
Chart on Comparison by Motor Type
Data Table on Comparison by Motor Type
11.3 AC Motors - Market size and forecast (2024-2029)
Chart on AC Motors - Market size and forecast (2024-2029) ($ million)
Data Table on AC Motors - Market size and forecast (2024-2029) ($ million)
Chart on AC Motors - Year-over-year growth (2024-2029) (%)
Data Table on AC Motors - Year-over-year growth (2024-2029) (%)
11.4 DC Motors - Market size and forecast (2024-2029)
Chart on DC Motors - Market size and forecast (2024-2029) ($ million)
Data Table on DC Motors - Market size and forecast (2024-2029) ($ million)
Chart on DC Motors - Year-over-year growth (2024-2029) (%)
Data Table on DC Motors - Year-over-year growth (2024-2029) (%)
11.5 Servo Motors - Market size and forecast (2024-2029)
Chart on Servo Motors - Market size and forecast (2024-2029) ($ million)
Data Table on Servo Motors - Market size and forecast (2024-2029) ($ million)
Chart on Servo Motors - Year-over-year growth (2024-2029) (%)
Data Table on Servo Motors - Year-over-year growth (2024-2029) (%)
11.6 Market opportunity by Motor Type
Market opportunity by Motor Type ($ million)
Data Table on Market opportunity by Motor Type ($ million)
12 Market Segmentation by Service Type
12.1 Market segments
Chart on Service Type - Market share (2024-2029) (%)
Data Table on Service Type - Market share (2024-2029) (%)
12.2 Comparison by Service Type
Chart on Comparison by Service Type
Data Table on Comparison by Service Type
12.3 Maintenance & Repair - Market size and forecast (2024-2029)
Chart on Maintenance & Repair - Market size and forecast (2024-2029) ($ million)
Data Table on Maintenance & Repair - Market size and forecast (2024-2029) ($ million)
Chart on Maintenance & Repair - Year-over-year growth (2024-2029) (%)
Data Table on Maintenance & Repair - Year-over-year growth (2024-2029) (%)
12.4 Installation - Market size and forecast (2024-2029)
Chart on Installation - Market size and forecast (2024-2029) ($ million)
Data Table on Installation - Market size and forecast (2024-2029) ($ million)
Chart on Installation - Year-over-year growth (2024-2029) (%)
Data Table on Installation - Year-over-year growth (2024-2029) (%)
12.5 Upgrades - Market size and forecast (2024-2029)
Chart on Upgrades - Market size and forecast (2024-2029) ($ million)
Data Table on Upgrades - Market size and forecast (2024-2029) ($ million)
Chart on Upgrades - Year-over-year growth (2024-2029) (%)
Data Table on Upgrades - Year-over-year growth (2024-2029) (%)
12.6 Consulting - Market size and forecast (2024-2029)
Chart on Consulting - Market size and forecast (2024-2029) ($ million)
Data Table on Consulting - Market size and forecast (2024-2029) ($ million)
Chart on Consulting - Year-over-year growth (2024-2029) (%)
Data Table on Consulting - Year-over-year growth (2024-2029) (%)
12.7 Market opportunity by Service Type
Market opportunity by Service Type ($ million)
Data Table on Market opportunity by Service Type ($ million)
13 Customer Landscape
13.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
14 Geographic Landscape
14.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2024-2029 (%)
Data Table on Market share By Geographical Landscape 2024-2029 (%)
14.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
14.3 APAC - Market size and forecast 2024-2029
Chart on APAC - Market size and forecast 2024-2029 ($ million)
Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Chart on APAC - Year-over-year growth 2024-2029 (%)
Data Table on APAC - Year-over-year growth 2024-2029 (%)
14.4 Europe - Market size and forecast 2024-2029
Chart on Europe - Market size and forecast 2024-2029 ($ million)
Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Chart on Europe - Year-over-year growth 2024-2029 (%)
Data Table on Europe - Year-over-year growth 2024-2029 (%)
14.5 North America - Market size and forecast 2024-2029
Chart on North America - Market size and forecast 2024-2029 ($ million)
Data Table on North America - Market size and forecast 2024-2029 ($ million)
Chart on North America - Year-over-year growth 2024-2029 (%)
Data Table on North America - Year-over-year growth 2024-2029 (%)
14.6 South America - Market size and forecast 2024-2029
Chart on South America - Market size and forecast 2024-2029 ($ million)
Data Table on South America - Market size and forecast 2024-2029 ($ million)
Chart on South America - Year-over-year growth 2024-2029 (%)
Data Table on South America - Year-over-year growth 2024-2029 (%)
14.7 Middle East and Africa - Market size and forecast 2024-2029
Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
14.8 US - Market size and forecast 2024-2029
Chart on US - Market size and forecast 2024-2029 ($ million)
Data Table on US - Market size and forecast 2024-2029 ($ million)
Chart on US - Year-over-year growth 2024-2029 (%)
Data Table on US - Year-over-year growth 2024-2029 (%)
14.9 China - Market size and forecast 2024-2029
Chart on China - Market size and forecast 2024-2029 ($ million)
Data Table on China - Market size and forecast 2024-2029 ($ million)
Chart on China - Year-over-year growth 2024-2029 (%)
Data Table on China - Year-over-year growth 2024-2029 (%)
14.10 Germany - Market size and forecast 2024-2029
Chart on Germany - Market size and forecast 2024-2029 ($ million)
Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Chart on Germany - Year-over-year growth 2024-2029 (%)
Data Table on Germany - Year-over-year growth 2024-2029 (%)
14.11 Japan - Market size and forecast 2024-2029
Chart on Japan - Market size and forecast 2024-2029 ($ million)
Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Chart on Japan - Year-over-year growth 2024-2029 (%)
Data Table on Japan - Year-over-year growth 2024-2029 (%)
14.12 UK - Market size and forecast 2024-2029
Chart on UK - Market size and forecast 2024-2029 ($ million)
Data Table on UK - Market size and forecast 2024-2029 ($ million)
Chart on UK - Year-over-year growth 2024-2029 (%)
Data Table on UK - Year-over-year growth 2024-2029 (%)
14.13 India - Market size and forecast 2024-2029
Chart on India - Market size and forecast 2024-2029 ($ million)
Data Table on India - Market size and forecast 2024-2029 ($ million)
Chart on India - Year-over-year growth 2024-2029 (%)
Data Table on India - Year-over-year growth 2024-2029 (%)
14.14 South Korea - Market size and forecast 2024-2029
Chart on South Korea - Market size and forecast 2024-2029 ($ million)
Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
Chart on South Korea - Year-over-year growth 2024-2029 (%)
Data Table on South Korea - Year-over-year growth 2024-2029 (%)
14.15 Canada - Market size and forecast 2024-2029
Chart on Canada - Market size and forecast 2024-2029 ($ million)
Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Chart on Canada - Year-over-year growth 2024-2029 (%)
Data Table on Canada - Year-over-year growth 2024-2029 (%)
14.16 France - Market size and forecast 2024-2029
Chart on France - Market size and forecast 2024-2029 ($ million)
Data Table on France - Market size and forecast 2024-2029 ($ million)
Chart on France - Year-over-year growth 2024-2029 (%)
Data Table on France - Year-over-year growth 2024-2029 (%)
14.17 Italy - Market size and forecast 2024-2029
Chart on Italy - Market size and forecast 2024-2029 ($ million)
Data Table on Italy - Market size and forecast 2024-2029 ($ million)
Chart on Italy - Year-over-year growth 2024-2029 (%)
Data Table on Italy - Year-over-year growth 2024-2029 (%)
14.18 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
14.19 Brazil - Market size and forecast (2024-2029)
Chart on Brazil - Market size and forecast (2024-2029) ($ million)
Data Table on Brazil - Market size and forecast (2024-2029) ($ million)
Chart on Brazil - Year-over-year growth (2024-2029) (%)
Data Table on Brazil - Year-over-year growth (2024-2029) (%)
14.20 UAE - Market size and forecast (2024-2029)
Chart on UAE - Market size and forecast (2024-2029) ($ million)
Data Table on UAE - Market size and forecast (2024-2029) ($ million)
Chart on UAE - Year-over-year growth (2024-2029) (%)
Data Table on UAE - Year-over-year growth (2024-2029) (%)
14.21 Spain - Market size and forecast (2024-2029)
Chart on Spain - Market size and forecast (2024-2029) ($ million)
Data Table on Spain - Market size and forecast (2024-2029) ($ million)
Chart on Spain - Year-over-year growth (2024-2029) (%)
Data Table on Spain - Year-over-year growth (2024-2029) (%)
14.22 Mexico - Market size and forecast (2024-2029)
Chart on Mexico - Market size and forecast (2024-2029) ($ million)
Data Table on Mexico - Market size and forecast (2024-2029) ($ million)
Chart on Mexico - Year-over-year growth (2024-2029) (%)
Data Table on Mexico - Year-over-year growth (2024-2029) (%)
14.23 Rest of World (ROW) - Market size and forecast (2024-2029)
Chart on Rest of World (ROW) - Market size and forecast (2024-2029) ($ million)
Data Table on Rest of World (ROW) - Market size and forecast (2024-2029) ($ million)
Chart on Rest of World (ROW) - Year-over-year growth (2024-2029) (%)
Data Table on Rest of World (ROW) - Year-over-year growth (2024-2029) (%)
15 Drivers, Challenges, and Opportunity/Restraints
15.1 Market drivers
15.2 Market challenges
15.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
15.4 Market opportunities/restraints
16 Competitive Landscape
16.1 Overview
16.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
16.3 Landscape disruption
Overview on factors of disruption
16.4 Industry risks
Impact of key risks on business
17 Competitive Analysis
17.1 Companies profiled
Companies covered
17.2 Market positioning of companies
Matrix on companies position and classification
17.3 Siemens AG (Germany)
Siemens AG (Germany) - Overview
Siemens AG (Germany) - Product / Service
Siemens AG (Germany) - Key offerings
17.4 ABB Ltd. (Switzerland)
ABB Ltd. (Switzerland) - Overview
ABB Ltd. (Switzerland) - Product / Service
ABB Ltd. (Switzerland) - Key offerings
17.5 Schneider Electric SE (France)
Schneider Electric SE (France) - Overview
Schneider Electric SE (France) - Product / Service
Schneider Electric SE (France) - Key offerings
17.6 Rockwell Automation Inc. (United States)
Rockwell Automation Inc. (United States) - Overview
Rockwell Automation Inc. (United States) - Product / Service
Rockwell Automation Inc. (United States) - Key offerings
17.7 Mitsubishi Electric Corporation (Japan)
Mitsubishi Electric Corporation (Japan) - Overview
Mitsubishi Electric Corporation (Japan) - Product / Service
Mitsubishi Electric Corporation (Japan) - Key offerings
17.8 Yaskawa Electric Corporation (Japan)
Yaskawa Electric Corporation (Japan) - Overview
Yaskawa Electric Corporation (Japan) - Product / Service
Yaskawa Electric Corporation (Japan) - Key offerings
17.9 Toshiba International Corporation (Japan)
Toshiba International Corporation (Japan) - Overview
Toshiba International Corporation (Japan) - Product / Service
Toshiba International Corporation (Japan) - Key offerings
17.10 Emerson Electric Co. (United States)
Emerson Electric Co. (United States) - Overview
Emerson Electric Co. (United States) - Product / Service
Emerson Electric Co. (United States) - Key offerings
17.11 WEG S.A. (Brazil)
WEG S.A. (Brazil) - Overview
WEG S.A. (Brazil) - Product / Service
WEG S.A. (Brazil) - Key offerings
17.12 Nidec Motor Corporation (Japan)
Nidec Motor Corporation (Japan) - Overview
Nidec Motor Corporation (Japan) - Product / Service
Nidec Motor Corporation (Japan) - Key offerings
17.13 Regal Rexnord Corporation (United States)
Regal Rexnord Corporation (United States) - Overview
Regal Rexnord Corporation (United States) - Product / Service
Regal Rexnord Corporation (United States) - Key offerings
17.14 TECO Electric & Machinery Co., Ltd. (Taiwan)
TECO Electric & Machinery Co., Ltd. (Taiwan) - Overview
TECO Electric & Machinery Co., Ltd. (Taiwan) - Product / Service
TECO Electric & Machinery Co., Ltd. (Taiwan) - Key offerings
17.15 Hitachi Industrial Equipment Systems (Japan)
Hitachi Industrial Equipment Systems (Japan) - Overview
Hitachi Industrial Equipment Systems (Japan) - Product / Service
Hitachi Industrial Equipment Systems (Japan) - Key offerings
17.16 Danfoss A/S (Denmark)
Danfoss A/S (Denmark) - Overview
Danfoss A/S (Denmark) - Product / Service
Danfoss A/S (Denmark) - Key offerings
17.17 Leroy-Somer (France)
Leroy-Somer (France) - Overview
Leroy-Somer (France) - Product / Service
Leroy-Somer (France) - Key offerings
17.18 Vacon (Finland)
Vacon (Finland) - Overview
Vacon (Finland) - Product / Service
Vacon (Finland) - Key offerings
17.19 SEW-EURODRIVE GmbH & Co KG (Germany)
SEW-EURODRIVE GmbH & Co KG (Germany) - Overview
SEW-EURODRIVE GmbH & Co KG (Germany) - Product / Service
SEW-EURODRIVE GmbH & Co KG (Germany) - Key offerings
17.20 Franklin Electric Co., Inc. (United States)
Franklin Electric Co., Inc. (United States) - Overview
Franklin Electric Co., Inc. (United States) - Product / Service
Franklin Electric Co., Inc. (United States) - Key offerings
17.21 Hyundai Electric & Energy Systems (South Korea)
Hyundai Electric & Energy Systems (South Korea) - Overview
Hyundai Electric & Energy Systems (South Korea) - Product / Service
Hyundai Electric & Energy Systems (South Korea) - Key offerings
17.22 CG Power and Industrial Solutions Ltd. (India)
CG Power and Industrial Solutions Ltd. (India) - Overview
CG Power and Industrial Solutions Ltd. (India) - Product / Service
CG Power and Industrial Solutions Ltd. (India) - Key offerings
17.23 ABB Ltd.
ABB Ltd. - Overview
ABB Ltd. - Product / Service
ABB Ltd. - Key offerings
17.24 Danfoss AS
Danfoss AS - Overview
Danfoss AS - Product / Service
Danfoss AS - Key offerings
17.25 Delta Electronics Inc.
Delta Electronics Inc. - Overview
Delta Electronics Inc. - Product / Service
Delta Electronics Inc. - Key offerings
17.26 Fuji Electric Co. Ltd.
Fuji Electric Co. Ltd. - Overview
Fuji Electric Co. Ltd. - Product / Service
Fuji Electric Co. Ltd. - Key offerings
17.27 Integrated Power Services LLC
Integrated Power Services LLC - Overview
Integrated Power Services LLC - Product / Service
Integrated Power Services LLC - Key offerings
17.28 Lenze SE
Lenze SE - Overview
Lenze SE - Product / Service
Lenze SE - Key offerings
17.29 Mitsubishi Electric Corp.
Mitsubishi Electric Corp. - Overview
Mitsubishi Electric Corp. - Product / Service
Mitsubishi Electric Corp. - Key offerings
17.30 Nidec Corp.
Nidec Corp. - Overview
Nidec Corp. - Product / Service
Nidec Corp. - Key offerings
17.31 OMRON Corp.
OMRON Corp. - Overview
OMRON Corp. - Product / Service
OMRON Corp. - Key offerings
17.32 Regal Rexnord Corp.
Regal Rexnord Corp. - Overview
Regal Rexnord Corp. - Product / Service
Regal Rexnord Corp. - Key offerings
17.33 Rockwell Automation Inc.
Rockwell Automation Inc. - Overview
Rockwell Automation Inc. - Product / Service
Rockwell Automation Inc. - Key offerings
17.34 SEW EURODRIVE GmbH and Co KG
SEW EURODRIVE GmbH and Co KG - Overview
SEW EURODRIVE GmbH and Co KG - Product / Service
SEW EURODRIVE GmbH and Co KG - Key offerings
17.35 Siemens AG
Siemens AG - Overview
Siemens AG - Product / Service
Siemens AG - Key offerings
17.36 Toledo Engineering Co. Inc.
Toledo Engineering Co. Inc. - Overview
Toledo Engineering Co. Inc. - Product / Service
Toledo Engineering Co. Inc. - Key offerings
17.37 Toshiba Corp.
Toshiba Corp. - Overview
Toshiba Corp. - Product / Service
Toshiba Corp. - Key offerings
17.38 WEG S.A
WEG S.A - Overview
WEG S.A - Product / Service
WEG S.A - Key offerings
17.39 Wolong Electric Group Co. Ltd.
Wolong Electric Group Co. Ltd. - Overview
Wolong Electric Group Co. Ltd. - Product / Service
Wolong Electric Group Co. Ltd. - Key offerings
17.40 Yaskawa Electric Corp.
Yaskawa Electric Corp. - Overview
Yaskawa Electric Corp. - Product / Service
Yaskawa Electric Corp. - Key offerings
17.41 Yokogawa Electric Corp.
Yokogawa Electric Corp. - Overview
Yokogawa Electric Corp. - Product / Service
Yokogawa Electric Corp. - Key offerings
18 Appendix
18.1 Scope of the report
18.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
18.3 Currency conversion rates for US$
Currency conversion rates for US$
18.4 Research methodology
Research methodology
18.5 Data procurement
Information sources
18.6 Data validation
Data validation
18.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
18.8 Data synthesis
Data synthesis
18.9 360 degree market analysis
360 degree market analysis
18.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Product
Exhibits 6: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 7: Executive Summary - Chart on Incremental Growth
Exhibits 8: Executive Summary - Data Table on Incremental Growth
Exhibits 9: Executive Summary - Chart on Company Market Positioning
Exhibits 10: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 11: Overview on criticality of inputs and factors of differentiation
Exhibits 12: Overview on factors of disruption
Exhibits 13: Impact of drivers and challenges in 2024 and 2029
Exhibits 14: Parent Market
Exhibits 15: Data Table on - Parent Market
Exhibits 16: Market characteristics analysis
Exhibits 17: Value chain analysis
Exhibits 18: Offerings of companies included in the market definition
Exhibits 19: Market segments
Exhibits 20: Chart on Global - Market size and forecast 2024-2029 ($ million)
Exhibits 21: Data Table on Global - Market size and forecast 2024-2029 ($ million)
Exhibits 22: Chart on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 23: Data Table on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 24: Historic Market Size - Data Table on Global Motors And Drives Services Market 2019 - 2023 ($ million)
Exhibits 25: Historic Market Size - Product Segment 2019 - 2023 ($ million)
Exhibits 26: Historic Market Size - End-user Segment 2019 - 2023 ($ million)
Exhibits 27: Historic Market Size - Geography Segment 2019 - 2023 ($ million)
Exhibits 28: Historic Market Size - Country Segment 2019 - 2023 ($ million)
Exhibits 29: Five forces analysis - Comparison between 2024 and 2029
Exhibits 30: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 31: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 32: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 33: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 34: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 35: Chart on Market condition - Five forces 2024 and 2029
Exhibits 36: Chart on Product - Market share 2024-2029 (%)
Exhibits 37: Data Table on Product - Market share 2024-2029 (%)
Exhibits 38: Chart on Comparison by Product
Exhibits 39: Data Table on Comparison by Product
Exhibits 40: Chart on Motors - Market size and forecast 2024-2029 ($ million)
Exhibits 41: Data Table on Motors - Market size and forecast 2024-2029 ($ million)
Exhibits 42: Chart on Motors - Year-over-year growth 2024-2029 (%)
Exhibits 43: Data Table on Motors - Year-over-year growth 2024-2029 (%)
Exhibits 44: Chart on Drives - Market size and forecast 2024-2029 ($ million)
Exhibits 45: Data Table on Drives - Market size and forecast 2024-2029 ($ million)
Exhibits 46: Chart on Drives - Year-over-year growth 2024-2029 (%)
Exhibits 47: Data Table on Drives - Year-over-year growth 2024-2029 (%)
Exhibits 48: Market opportunity by Product ($ million)
Exhibits 49: Data Table on Market opportunity by Product ($ million)
Exhibits 50: Chart on End-user - Market share 2024-2029 (%)
Exhibits 51: Data Table on End-user - Market share 2024-2029 (%)
Exhibits 52: Chart on Comparison by End-user
Exhibits 53: Data Table on Comparison by End-user
Exhibits 54: Chart on Process industry - Market size and forecast 2024-2029 ($ million)
Exhibits 55: Data Table on Process industry - Market size and forecast 2024-2029 ($ million)
Exhibits 56: Chart on Process industry - Year-over-year growth 2024-2029 (%)
Exhibits 57: Data Table on Process industry - Year-over-year growth 2024-2029 (%)
Exhibits 58: Chart on Discrete industry - Market size and forecast 2024-2029 ($ million)
Exhibits 59: Data Table on Discrete industry - Market size and forecast 2024-2029 ($ million)
Exhibits 60: Chart on Discrete industry - Year-over-year growth 2024-2029 (%)
Exhibits 61: Data Table on Discrete industry - Year-over-year growth 2024-2029 (%)

Executive Summary

The following companies are recognized as the key players in the global motors and drives services market: Siemens AG (Germany), ABB Ltd. (Switzerland), Schneider Electric SE (France), Rockwell Automation Inc. (United States), Mitsubishi Electric Corporation (Japan), Yaskawa Electric Corporation (Japan), Toshiba International Corporation (Japan), Emerson Electric Co. (United States), WEG S.A. (Brazil), Nidec Motor Corporation (Japan), Regal Rexnord Corporation (United States), TECO Electric & Machinery Co., Ltd. (Taiwan), Hitachi Industrial Equipment Systems (Japan), Danfoss A/S (Denmark), Leroy-Somer (France), Vacon (Finland), SEW-EURODRIVE GmbH & Co KG (Germany), Franklin Electric Co., Inc. (United States), Hyundai Electric & Energy Systems (South Korea), and CG Power and Industrial Solutions Ltd. (India).

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is technological advances in electric drives."

According to the report, one of the major drivers for this market is the increasing demand for servo motors and brushless motors.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Siemens AG (Germany)
  • ABB Ltd. (Switzerland)
  • Schneider Electric SE (France)
  • Rockwell Automation Inc. (United States)
  • Mitsubishi Electric Corporation (Japan)
  • Yaskawa Electric Corporation (Japan)
  • Toshiba International Corporation (Japan)
  • Emerson Electric Co. (United States)
  • WEG S.A. (Brazil)
  • Nidec Motor Corporation (Japan)
  • Regal Rexnord Corporation (United States)
  • TECO Electric & Machinery Co. Ltd. (Taiwan)
  • Hitachi Industrial Equipment Systems (Japan)
  • Danfoss A/S (Denmark)
  • Leroy-Somer (France)
  • Vacon (Finland)
  • SEW-EURODRIVE GmbH & Co KG (Germany)
  • Franklin Electric Co. Inc. (United States)
  • Hyundai Electric & Energy Systems (South Korea)
  • CG Power and Industrial Solutions Ltd. (India)