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Electric Drives Market by End-users, Product, Power Rating, and Geography - Global Forecast 2019-2023 - Product Image

Electric Drives Market by End-users, Product, Power Rating, and Geography - Global Forecast 2019-2023

  • ID: 4792975
  • Report
  • Region: Global
  • 143 pages
  • TechNavio
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FEATURED COMPANIES

  • ABB Ltd.
  • Danfoss AS
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG
  • MORE
Global Electric Drives Market: About this market

Electric drives are used for controlling the frequency and voltage supplied to the motor. This electric drives market analysis considers the revenue generation based on products such as AC drives, and DC drives. Our analysis also considers the sales of electric drives in North America, Europe, APAC, MEA, and South America. In 2018, the AC drives segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the high adoption of AC motors will play a significant role in the AC drives segment to maintain their market position. Also, our global electric drives market report looks at factors such as the increasing focus on automating manufacturing processes, stringent regulations mandating the use of electric drives, and the expansion of oil terminals. However, the availability of alternatives, high cost of installation and maintenance, and availability of low-cost vendors in Asia may hamper the growth of the electric drives industry over the forecast period.

Global electric drives market: Overview

Increasing focus on automating manufacturing processes

Automation has become an integral part of manufacturing across process and discrete industries, which is aimed at improving production and efficiency. The use of AC drives is high in automated machines as they can effectively control motor speed with minimal manual intervention. AC drives are capable of being connected to multiple pumps and motors and can optimize and automate motor operations. Thus, the increasing focus on automating manufacturing processes will be a significant factor that will drive the growth of the electric drives market at a CAGR of more than 4% during the forecast period.

Advent of IoT in electric drives

With the aim to connect machinery and motion control systems, manufacturers across industries are adopting IoT-enabling technologies. Vendors in the global electric drives market are capitalizing on the growing trend of IoT and are increasing production through embedded technology that can operate in IoT networks. The IoT-enabled electric drives can monitor and communicate reports on system performance quality. Thus, the advent of IoT in electric drives will boost the growth of the market.

Competitive Landscape

With the presence of several major players, the global electric drives market is fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric drives manufacturers, that include ABB Ltd., Danfoss AS, Rockwell Automation Inc., Schneider Electric SE, and Siemens AG.

Also, the electric drives market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB Ltd.
  • Danfoss AS
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
  • Market segmentation by product
  • Comparison by product
  • AC drives - Market size and forecast 2018-2023
  • DC drives - Market size and forecast 2018-2023
  • Market opportunity by product
PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY END-USER
  • Market segmentation by end-user
  • Comparison by end-user
  • Process industry - Market size and forecast 2018-2023
  • Discrete industry - Market size and forecast 2018-2023
  • Market opportunity by end-user
PART 09: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 10: MARKET SEGMENTATION BY POWER RATING
  • Market segmentation by power rating
  • Comparison by power rating
  • Low voltage drives - Market size and forecast 2018-2023
  • Medium voltage drives - Market size and forecast 2018-2023
  • Market opportunity by power rating
PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 13: MARKET TRENDS
  • Gradual recovery in oil and gas upstream activities
  • Technological advances in electric drives
  • Advent of IoT in electric drives
PART 14: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 15: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ABB Ltd.
  • Danfoss AS
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG
PART 16: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
PART 17: EXPLORE

List of Exhibits:
Exhibit 01: Global industrial automation and communication market
Exhibit 02: Segments of global industrial automation and communication market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Product - Market share 2018-2023 (%)
Exhibit 18: Comparison by product
Exhibit 19: AC drives - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: AC drives - Year-over-year growth 2019-2023 (%)
Exhibit 21: DC drives - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: DC drives - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by product
Exhibit 24: Customer landscape
Exhibit 25: End-user - Market share 2018-2023 (%)
Exhibit 26: Comparison by end-user
Exhibit 27: Process industry - Market size and forecast 2018-2023 ($ millions)
Exhibit 28: Global electric drives market share by end-users in process industry in 2018 (%)
Exhibit 29: Process industry - Year-over-year growth 2019-2023 (%)
Exhibit 30: Discrete industry - Market size and forecast 2018-2023 ($ millions)
Exhibit 31: Discrete industry - Year-over-year growth 2019-2023 (%)
Exhibit 32: Market opportunity by end-user
Exhibit 33: Market share by geography 2018-2023 (%)
Exhibit 34: Geographic comparison
Exhibit 35: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 36: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 37: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 38: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 39: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 40: North America - Year-over-year growth 2019-2023 (%)
Exhibit 41: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 42: South America - Year-over-year growth 2019-2023 (%)
Exhibit 43: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 44: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 45: Key leading countries
Exhibit 46: Market opportunity
Exhibit 47: Power rating - Market share 2018-2023 (%)
Exhibit 48: Comparison by power rating
Exhibit 49: Low voltage drives - Market size and forecast 2018-2023 ($ millions)
Exhibit 50: Low voltage drives - Year-over-year growth 2019-2023 (%)
Exhibit 51: Medium voltage drives - Market size and forecast 2018-2023 ($ millions)
Exhibit 52: Medium voltage drives - Year-over-year growth 2019-2023 (%)
Exhibit 53: Market opportunity by power rating
Exhibit 54: Worldwide oil terminal projects
Exhibit 55: Impact of drivers and challenges
Exhibit 56: Vendor landscape
Exhibit 57: Landscape disruption
Exhibit 58: Vendors covered
Exhibit 59: Vendor classification
Exhibit 60: Market positioning of vendors
Exhibit 61: ABB Ltd. - Vendor overview
Exhibit 62: ABB Ltd. - Business segments
Exhibit 63: ABB Ltd. - Organizational developments
Exhibit 64: ABB Ltd. - Geographic focus
Exhibit 65: ABB Ltd. - Segment focus
Exhibit 66: ABB Ltd. - Key offerings
Exhibit 67: Danfoss AS - Vendor overview
Exhibit 68: Danfoss AS - Business segments
Exhibit 69: Danfoss AS - Organizational developments
Exhibit 70: Danfoss AS - Geographic focus
Exhibit 71: Danfoss AS - Segment focus
Exhibit 72: Danfoss AS - Key offerings
Exhibit 73: Rockwell Automation Inc. - Vendor overview
Exhibit 74: Rockwell Automation Inc. - Business segments
Exhibit 75: Rockwell Automation Inc. - Organizational developments
Exhibit 76: Rockwell Automation Inc. - Geographic focus
Exhibit 77: Rockwell Automation Inc. - Segment focus
Exhibit 78: Rockwell Automation Inc. - Key offerings
Exhibit 79: Schneider Electric SE - Vendor overview
Exhibit 80: Schneider Electric SE - Business segments
Exhibit 81: Schneider Electric SE - Organizational developments
Exhibit 82: Schneider Electric SE - Geographic focus
Exhibit 83: Schneider Electric SE - Segment focus
Exhibit 84: Schneider Electric SE - Key offerings
Exhibit 85: Siemens AG - Vendor overview
Exhibit 86: Siemens AG - Business segments
Exhibit 87: Siemens AG - Organizational developments
Exhibit 88: Siemens AG - Geographic focus
Exhibit 89: Siemens AG - Segment focus
Exhibit 90: Siemens AG - Key offerings
Exhibit 91: Validation techniques employed for market sizing
Exhibit 92: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB Ltd.
  • Danfoss AS
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG
  • MORE
The following companies are recognised as the key players in the global electric drives market: ABB Ltd., Danfoss AS, Rockwell Automation Inc., Schneider Electric SE, and Siemens AG.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the advent of IoT in electric drives.”

According to the report, one of the major drivers for this market is the increasing focus on automating manufacturing processes.

Further, the report states that one of the major factors hindering the growth of this market is the availability of alternatives.

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.
Note: Product cover images may vary from those shown
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  • ABB Ltd.
  • Danfoss AS
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG
Note: Product cover images may vary from those shown
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