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In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Electric Drives Market Report Speak directly to the analyst to clarify any post sales queries you may have.
The electric drives market by revenue is expected to grow at a CAGR of over 4.6% during the period 2021-2026.
The global market is expected to grow during the forecast period with the growth in industrial production, enhancement in technological advancement, increase in urbanization, and expansion of industries. Owing to the high energy cost associated with industrial motors, several players in end-user industries are focusing on incorporating energy-efficient techniques. Electric drives are one such variety of technology that delivers a highly-efficient production process at a low cost. As the electricity consumption is the major cost component across end-user industries, the demand for electric drives is expected to increase at a considerable rate during the forecast period. Furthermore, the increasing awareness and stringent government regulations on energy savings are fueling the demand for electric drives across the globe.
The following factors are likely to contribute to the growth of the electric drives market during the forecast period:
- High Future Potential for Integrated Motor Drives (IMD)
- The advent of IIoT in Electric Drives Market
- Significant Demand for AC Drives
- Growing Demand for Renewable Energy
The study considers the present scenario of the electric drives market and its market dynamics for the period 2020-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Global Electric Drives Market Segmentation
The global electric drives market research report includes a detailed segmentation by product type, sales channel, voltage, end-user, geography. Alternate current (AC) electric drives held over 80% of the electric drives market share in 2020. The market is highly fragmented due to the presence of several global and regional players. Several incentive programs in the US and European countries for the early replacement of low-efficient electric motors is expected to boost the demand for AC drives. However, these regions could not witness high growth owing to the shift of manufacturing plants of several motor vehicles and electronic appliances to Asian countries. APAC is expected to witness significant growth over the next few years owing to the increasing purchasing power, continuous production of AC motor-driven applications, and developing economies in India, China, and others. Moreover, the recent trend of the industrial internet of things (IIoT), Big Data, and other technological advancements is promoting huge competition in the global market.
The demand for low-voltage electric drives is driving by increased applications in several end-user industries and the ability to be cost efficient. However, strict government regulations regarding the application are favorably affecting the market growth. Retrofitting activities with regards to low-voltage electric drives are extremely high across industrial as well as commercial enterprises. This, in turn, is expected to boost the demand for low-voltage electric drives during the forecast period. Owing to the increasing implementation of low-energy systems, coupled with easy installation and availability of compact sizes, are the key features driving the electric drives demand.
The expansion and investments in oil & gas, chemical, mining, and other industries in the Middle East, North America, and APAC are expected to increase electric drives demand in the coming years. Thus, the demand for drives in several industrial applications is anticipated to grow. Further, the current uncertainty over the macro-outlook for the global economy has been reduced by the recent COVID-19 outbreak and has affected the market, thus developing a challenge for the motor market growth in the short term. The end-user industry demand for electric drives has been adversely affected in 2020 on account of the COVID-19 outbreak. Technological advances in drives and industrial revolution are strongly supporting the growth of the industry, however, due to the ongoing pandemic, the demand for metals has become highly uncertain. Owing to the significant usage of drives in several applications in the food processing industry across the globe, the demand for electric drives is expected to grow at a significant rate during the forecast period.
Direct sales hold a prominent share in the market as they offer scope for strategic partnerships between vendors and OEMs, thereby helping to reduce operational costs for OEMs. APAC and Europe are expected to dominate the share of direct electric drives sales owing to the high popularity of direct selling in the region. However, India and China are expected to witness the highest growth in direct sales owing to rapidly growing industrialization during the forecast period. Indirect sales hold a low share in the market majorly due to increased operational cost and rising awareness of traceability among buyers. Indirect networks relieve the manufacturer from start-up expenses, they are better to handle than direct delivery networks.
Product Type
- AC
- DC
- Direct Sales
- Indirect Sales
- Low
- Medium
- F&B
- Metal & Mining
- Chemicals
- Oil & Gas
- Power Generation
- Packaging
- Cement
- Textile
- Water & Wastewater
- Paper & Pulp
- Rubber & Plastic
- Forestry & Woodwork
- Others
INSIGHTS BY GEOGRAPHY
APAC accounts for the highest share of the global electric drive market due to rapidly increasing urbanization and industrialization in the region. Continuous industrial automation in manufacturing, construction, power generation, and mining end-users are significantly increasing, which is increasing the application of electric drives. Urbanization and industrialization in emerging countries such as India, China, and other countries in Southeast Asia are driving the demand for vehicles, which, in turn, is boosting the demand for electric drives from the automotive industry. However, the breakout of the COVID-19 pandemic affected the growth prospects of the industry. The growth in China witnessed a decline from around 6% in 2019 to 1-1.5% by the end of 2020. The production in chemical manufacturing units in China declined by over 15-20% in 2020, which is expected to negatively impact the demand for electric drives from the chemical & petrochemical industry. Similarly, the oil & gas industry has been one of the most adversely affected globally and oil & gas production in the APAC region has been badly hit. However, post-COVID the global economy, as well as the production in end-user industries, is expected to recover, which is likely to drive the demand for electric drives.
By Geography
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- APAC
- China
- Japan
- South Korea
- India
- Australia
- Latin America
- Brazil
- Mexico
- Chile
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- Turkey
- Rest of Middle East
INSIGHTS BY VENDORS
Siemens, ABB, Schneider Electric, Emerson Electric, Mitsubishi Electric, and Danfoss are the major vendors in the global electric drive market. These vendors offer high-quality reliable devices with technological advancement. However, the cost of drives remains high face intense competition from small vendors that provide low-quality products at an inexpensive price. The competition is likely to intensify due to the rise in merger and acquisition activities. Major vendors are expected to acquire small- and medium-scale vendors to enhance their market presence and expand their product portfolios.
Prominent Vendors
- ABB
- Danfoss
- Emerson Electric
- Fuji Electric
- Mitsubishi Electric
- Parker-Hannifin Corporation
- Siemens
- Rockwell Automation
- Schneider Electric
- WEG
- Nidec Corporation
- Yasakawa Electric
Other Prominent Vendors
- Hiconics Drive Technology
- Inovance Technology
- KEB Automation
- Sew-Eurodrive
- Teco Westinghouse
- Toshiba International Corporation
KEY QUESTIONS ANSWERED
1. What is the growth rate of the electric drives market during the forecast period?
2. What are the major technological advancements in the global electric drives market?
3. Which is the largest revenue-generating region in the market?
4. Who are the key players in the market? What are the challenges faced by the vendors?
5. Which are the most revenue-generating end-user segments in the global electric drives market?
Table of Contents
1 Research Methodology2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of The Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 Industry Outlook
7.3 Risk & Challenge Analysis
7.4 Supply Chain Risks
7.5 FAQ
7.6 Impact Of COVID-19
8 Market Opportunities & Trends
8.1 Future Potential For Integrated Motor Drive (IMD)
8.2 Advent Of IIOT In Electric Drives Market
9 Market Growth Enablers
9.1 Significant Demand For AC Drives Or VFD
9.2 Increasing Adoption Of Automation
9.3 Growing Demand For Renewable Energy
10 Market Restraints
10.1 Unstable Demand From Oil & Gas Industry
10.2 Trade Conflicts Between The US & China
11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis
12 Product Type
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 AC Drives
12.4 DC Drives
13 Voltage
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Low Voltage Electric Drives
13.4 Medium Voltage Electric Drives
14 Sales Channel
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Direct Sales
14.4 Indirect Sales
15 End-User
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Metal & Mining
15.4 F&B
15.5 Chemicals
15.6 Oil & Gas
15.7 Water & Wastewater
15.8 Power Generation
15.9 Packaging
15.10 Textile
15.11 Cement
15.12 Paper & Pulp
15.13 Rubber & Plastic
15.14 Forestry & Woodworking
15.15 Other Industries
16 Geography
16.1 Market Snapshot & Growth Engine
16.2 Geographic Overview
17 APAC
17.1 Market Overview
17.2 Market Size & Forecast
17.3 Sales Channel
17.4 Product Type
17.5 Voltage
17.6 End-User
17.7 Key Countries
17.8 China: Market Size & Forecast
17.9 Japan: Market Size & Forecast
17.10 India: Market Size & Forecast
17.11 South Korea: Market Size & Forecast
17.12 Australia: Market Size & Forecast
18 Europe
18.1 Market Overview
18.2 Market Size & Forecast
18.3 Sales Channel
18.4 Product Type
18.5 Voltage
18.6 End-User
18.7 Key Countries
18.8 Germany: Market Size & Forecast
18.9 Italy: Market Size & Forecast
18.10 France: Market Size & Forecast
18.11 Spain: Market Size & Forecast
18.12 UK: Market Size & Forecast
19 North America
19.1 Market Overview
19.2 Market Size & Forecast
19.3 Sales Channel
19.4 Product Type
19.5 Voltage
19.6 End-User
19.7 Key Countries
19.8 US: Market Size & Forecast
19.9 Canada: Market Size & Forecast
20 Latin America
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Sales Channel
20.4 Product Type
20.5 Voltage
20.6 End-User
20.7 Key Countries
20.8 Mexico: Market Size & Forecast
20.9 Brazil: Market Size & Forecast
20.1 Chile: Market Size & Forecast
20.11 Rest Of Latin America: Market Size & Forecast
21 Middle East & Africa
21.1 Market Overview
21.2 Market Size & Forecast
21.3 Sales Channel
21.4 Product Type
21.5 Voltage
21.6 End-User
21.7 Key Countries
21.8 Saudi Arabia: Market Size & Forecast
21.9 Turkey: Market Size & Forecast
21.1 Rest Of Middle East & Africa: Market Size & Forecast
22 Competitive Landscape
22.1 Competition Overview
23 Key Company Profiles
23.1 ABB
23.2 Danfoss
23.3 Emerson Electric
23.4 Fuji Electric
23.5 Mitsubishi Electric
23.6 Parker-Hannifin Corporation
23.7 Siemens
23.8 Rockwell Automation
23.9 Schnieder Electric
23.10 WEG
23.11 Nidec Corporation
23.12 Yaskawa Electric
24 Other Prominent Vendors
24.1 Hiconics Drive Technology
24.2 Inovance Technology
24.3 KEB Automation
24.4 Sew-Eurodrive
24.5 Teco Westinghouse
24.6 Toshiba International Corporation
25 Report Summary
25.1 Key Takeaways
25.2 Strategic Recommendations
26 Global Market: Quantitative Summary
26.1 Market By Geography
26.2 Product Type
26.3 Voltage
26.4 Sales Channel
26.5 End-User
27 APAC: Quantitative Summary
27.1 Voltage
27.2 Product Type
27.3 Sales Channel
27.4 End-Users
28 Europe: Quantitative Summary
28.1 Voltage
28.2 Product Type
28.3 Sales Channel
28.4 End-Users
29 North America: Quantitative Summary
29.1 Voltage
29.2 Product Type
29.3 Sales Channel
29.4 End-Users
30 Latin America: Quantitative Summary
30.1 Voltage
30.2 Product Type
30.3 Sales Channel
30.4 End-Users
31 Middle East & Africa
31.1 Voltage
31.2 Product Type
31.3 Sales Channel
31.4 End-Users
32 Appendix
32.1 Abbreviations
List Of Exhibits
Exhibit 1 Segmentation of Global Electric Drives Market
Exhibit 2 Market Size Calculation Approach 2020
Exhibit 3 Electric Drives: Energy Consumption Insights
Exhibit 4 Electricity Consumption by Motors
Exhibit 5 Risks Associated with heavy reliance on Supply Chain
Exhibit 6 Impact of Future Potential for Integrated Motor Drive (IMD)
Exhibit 7 Benefits Offered by IMDs
Exhibit 8 Impact of Advent of IIoT in Electric Drives Market
Exhibit 9 Benefits of IIoT in Electric Drives Market
Exhibit 10 Impact of Significant Demand for AC Drives or VFD
Exhibit 11 Advantages Associated with VFDs along with Low-Efficiency Motors
Exhibit 12 Impact of Increasing Adoption of Automation
Exhibit 13 Automation Dynamics
Exhibit 14 Evolution of Automation
Exhibit 15 Impact of Growing Demand for Renewable Energy
Exhibit 16 Key Factors Supporting the Demand for Electric Drives by the Wind Power Generation Industry
Exhibit 17 Impact of Unstable Demand from Oil & Gas Industry
Exhibit 18 Global Oil Demand 2015-2020 (mb/d)
Exhibit 19 Impact of Trade Conflicts between the US & China
Exhibit 20 Major Focus of Vendors in the Electric Drives Market
Exhibit 21 Key Entities in the Value Chain of Electric Drives Market
Exhibit 22 Mega Trends Fueling Growth in the Electric Drives Market
Exhibit 23 Market Share by Geography 2020 & 2026 (%)
Exhibit 24 Market Share by Geography 2020 & 2026 (%)
Exhibit 25 Global Electric Drives Market 2020-2026 ($ billion)
Exhibit 26 Five Forces Analysis 2020
Exhibit 27 Incremental Growth by Product Type 2020 & 2026
Exhibit 28 Factors Affecting the Demand for AC & DC Drives
Exhibit 29 Key Features of AC Drives
Exhibit 30 Growth Enablers in AC Drives Market
Exhibit 31 Challenges in the Demand Growth
Exhibit 32 Global AC Drives Market 2020-2026 ($ billion)
Exhibit 33 Key Factors Driving the Demand for DC Drives
Exhibit 34 Challenges in the Demand Growth
Exhibit 35 Global DC Drives Market 2020-2026 ($ billion)
Exhibit 36 Incremental Growth by Voltage 2020 & 2026
Exhibit 37 Classification of Electric Drives Based on Voltage Type
Exhibit 38 Major Applications of Low Voltage Electric Drives
Exhibit 39 Factors Driving Demand for Low Voltage Electric Drives & Market Dynamics
Exhibit 40 Global Low Voltage Electric Drives Market 2020-2026 ($ billion)
Exhibit 41 Major Applications of Medium Voltage Electric Drives
Exhibit 42 Medium Voltage Drive Allocations across Various Applications (Volume)
Exhibit 43 Factors Impacting the Demand for Medium Voltage Electric Drives
Exhibit 44 Global Medium Voltage Electric Drives Market 2020-2026 ($ billion)
Exhibit 45 Incremental Growth by Sales Channel 2020 & 2026
Exhibit 46 Global Electric drives market by Sales Channel Classification
Exhibit 47 Direct Sales Outlook
Exhibit 48 Global direct sales electric drives market 2020-2026 ($ billion)
Exhibit 49 Indirect Sales Outlook
Exhibit 50 Global Indirect Sales Electric Drives Market 2020-2026 ($ Billion)
Exhibit 51 Incremental Growth by End-User 2020 & 2026
Exhibit 52 End-Users Highlights
Exhibit 53 Applications of Electric Drives in the Metals & Mining Industry
Exhibit 54 Global Metals & Mining Market by Electric Drives 2020-2026 ($ billion)
Exhibit 55 Typical Applications of Electric Dives in the F&B Industry
Exhibit 56 Factors Driving the Demand for Electric Drives from F&B Industry
Exhibit 57 Global Electric Drives Market by F&B Industry 2020-2026 ($ billion)
Exhibit 58 Major Applications of Electric Drives in the Chemical Industry
Exhibit 59 Global Pumps Market Growth Rate in the Chemical Industry by Region (CAGR)
Exhibit 60 Regional Chemical Industry Outlook
Exhibit 61 Global Electric Drives Market by Chemicals Industry 2020-2026 ($ billion)
Exhibit 62 Applications of Electric Drives in the Oil & Gas Industry
Exhibit 63 Challenges for Vendors Supplying the Oil & Gas Industry
Exhibit 64 Global Electric Drives Market by Oil & Gas Industry 2020-2026 ($ billion)
Exhibit 65 Global Electric Drives Market by Water & Wastewater Industry 2020-2026 ($ billion)
Exhibit 66 Global Electric Drives Market by Power Generation Industry 2020-2026 ($ billion)
Exhibit 67 Packaging Industry: key Insights
Exhibit 68 Global Electric Drives Market by Packaging Industry 2020-2026 ($ billion)
Exhibit 69 Global Electric Drives Market by Textile Industry 2020-2026 ($ billion)
Exhibit 70 Applications of Electric Drives in the Cement Industry
Exhibit 71 Cement Industry: Key Insights
Exhibit 72 Cement Production & Consumption Outlook
Exhibit 73 Global Electric Drives Market by Cement Industry 2020-2026 ($ million)
Exhibit 74 Global Electric Drives Market by Paper & Pulp Industry 2020-2026 ($ billion)
Exhibit 75 Key Benefits Offered by Electric Drives in the Rubber & Plastics Industry
Exhibit 76 Global Electric Drives Market by Rubber & Plastic Industry 2020-2026 ($ billion)
Exhibit 77 Forestry & Woodworking Industry Insights
Exhibit 78 Global Electric Drives Market by Forestry & Woodworking Industry 2020-2026 ($ billion)
Exhibit 79 Global Electric Drives Market by Other Industries 2020-2026 ($ billion)
Exhibit 80 Incremental Growth by Geography 2020 & 2026
Exhibit 81 Electric Drives Market Dynamics by Geography
Exhibit 82 Steel Output 2010-2019 (million tonnes)
Exhibit 83 Share of World Crude Steel Production (2019)
Exhibit 84 Electric Drives Market in APAC 2020-2026 ($ billion)
Exhibit 85 Incremental Growth in North America 2020 & 2026
Exhibit 86 Electric Drives Market in China 2020-2026 ($ million)
Exhibit 87 Electric Drives Demand in China: Key Insights
Exhibit 88 Number of Establishments for Major End-Users in Japan (2020)
Exhibit 89 Electric Drives Market in Japan 2020-2026 ($ billion)
Exhibit 90 Top Energy Intensive Industries in India
Exhibit 91 Impact of COVID-19 on Industrial Sector of India
Exhibit 92 Major Challenges Faced by Industries in India
Exhibit 93 Electric Drives Market in India 2020-2026 ($ billion)
Exhibit 94 Key Insights
Exhibit 95 South Korea Industry Performance
Exhibit 96 Electric Drives Market in South Korea 2020-2026 ($ billion)
Exhibit 97 Electric Drives Market in Australia 2020-2026 ($ billion)
Exhibit 98 Top Industries Boosting Demand for Electric Drives in Europe
Exhibit 99 Electric Drives Market in Europe 2020-2026 ($ billion)
Exhibit 100 Incremental Growth in Europe 2020 & 2026
Exhibit 101 Value Added by Manufacturing Industry of Germany (% of GDP)
Exhibit 102 Impact of COVID-19 on Industrial Performance of Germany
Exhibit 103 Electric Drives Market in Germany 2020-2026 ($ billion)
Exhibit 104 Key Insights
Exhibit 105 Electric Drives Market in Italy 2020-2026 ($ billion)
Exhibit 106 Electric Drives Market in France 2020-2026 ($ billion)
Exhibit 107 Manufacturing Production Spain (2020)
Exhibit 108 Industry Insights of France
Exhibit 109 Electric Drives Market in Spain 2020-2026 ($ billion)
Exhibit 110 Electric Drives Market in the UK 2020-2026 ($ billion)
Exhibit 111 Electric Drives Market in North America 2020-2026 ($ billion)
Exhibit 112 Incremental Growth in North America 2020 & 2026
Exhibit 113 Top Energy Consuming Sectors Driving Demand for Electric Drives in the US
Exhibit 114 Electric Drives Market in the US 2020-2026 ($ million)
Exhibit 115 Electric Drives Market in Canada 2020-2026 ($ million)
Exhibit 116 Latin America: Highlights
Exhibit 117 Electric Drives Market in Latin America 2020-2026 ($ billion)
Exhibit 118 Incremental Growth in Latin America 2020 & 2026
Exhibit 119 Electric Drives Market in Mexico 2020-2026 ($ million)
Exhibit 120 Electric Drives Market in Brazil 2020-2026 ($ million)
Exhibit 121 Electric Drives Market in Chile 2020-2026 ($ million)
Exhibit 122 Electric Drives Market in the Rest of Latin America 2020-2026 ($ million)
Exhibit 123 Electric drives Market in the Middle East & Africa 2020-2026 ($ million)
Exhibit 124 Incremental Growth in the Middle East & Africa 2020 & 2026
Exhibit 125 Saudi Arabia: Key Insights
Exhibit 126 Electric Drives Market in Saudi Arabia 2020-2026 ($ million)
Exhibit 127 Manufacturing Production Insights: Turkey
Exhibit 128 Electric Drives Market in Turkey 2020-2026 ($ million)
Exhibit 129 Electric Drives Market in the Rest of Middle East & Africa 2020-2026 ($ million)
Exhibit 130 Factors Influencing Competitive Position
Exhibit 131 Factors Influencing M&A Strategies
Exhibit 132 Competitive OutlookList Of Tables
Table 1 Key Caveats
Table 2 Currency Conversion 2013-2020
Table 3 AC Drives Market by Geography 2020-2026 ($ billion)
Table 4 DC Drives Market by Geography 2020-2026 ($ billion)
Table 5 Low Voltage Electric Drives by Geography 2020-2026 ($ billion)
Table 6 Medium Voltage Electric Drives by Geography 2020-2026 ($ billion)
Table 7 Direct Sales by Geography 2020-2026 ($ billion)
Table 8 Indirect Sales by Geography 2020-2026 ($ billion)
Table 9 Electric Drives Market by Metal & Mining Industry: Market by Geography 2020-2026 ($ million)
Table 10 Electric Drives Market by F&B Industry: Market by Geography 2020-2026 ($ million)
Table 11 Electric Drives Market by Chemicals Industry: Market by Geography 2020-2026 ($ million)
Table 12 Electric Drives Market by Oil & Gas Industry: Market by Geography 2020-2026 ($ million)
Table 13 Water & Wastewater Electric Drives Market by Geography 2020-2026 ($ million)
Table 14 Electric Drives Market by Power Generation Industry: Market by Geography 2020-2026 ($ million)
Table 15 Electric Drives Market by Packaging Industry: Market by Geography 2020-2026 ($ million)
Table 16 Electric drives Market by Textile Industry: Market by Geography 2020-2026 ($ million)
Table 17 Electric Drives Market by Cement Industry: Market by Geography 2020-2026 ($ million)
Table 18 Electric Drives Market by Paper & Pulp Industry: Market by Geography 2020-2026 ($ million)
Table 19 Electric Drives Market by Rubber & Plastic Industry: Market by Geography 2020-2026 ($ million)
Table 20 Electric drives Market by Forestry And Woodworking Industry: Market by Geography 2020-2026 ($ million)
Table 21 Electric Drives Market by Other Industries: Market by Geography 2020-2026 ($ million)
Table 22 Electric Drives Market in APAC by Sales Channel 2020-2026 ($ billion)
Table 23 Electric Drives Market in APAC by Product Type 2020-2026 ($ billion)
Table 24 Electric Drives Market in APAC by Voltage 2020-2026 ($ billion)
Table 25 Electric Drives Market in APAC by End-User 2020-2026 ($ million)
Table 26 Electric Drives Market in Europe by Sales Channel 2020-2026 ($ million)
Table 27 Electric Drives Market in Europe by Product Type 2020-2026 ($ billion)
Table 28 Electric Drives Market in Europe by Voltage 2020-2026 ($ billion)
Table 29 Electric Drives Market in Europe by End-User 2020-2026 ($ million)
Table 30 Electric Drives Market in North America by Sales Channel 2020-2026 ($ million)
Table 31 Electric Drives Market in North America by Product Type 2020-2026 ($ million)
Table 32 Electric Drives Market in North America by Voltage 2020-2026 ($ million)
Table 33 Electric Drives Market in North America by End-User 2020-2026 ($ million)
Table 34 Electric Drives Market in Latin America by Sales Channel 2020-2026 ($ million)
Table 35 Electric Drives Market in Latin America by Product Type 2020-2026 ($ million)
Table 36 Electric Drives Market in Latin America by Voltage 2020-2026 ($ million)
Table 37 Electric Drives Market in Latin America by End-User 2020-2026 ($ million)
Table 38 Electric drives Market in the Middle East & Africa by Sales Channel 2020-2026 ($ million)
Table 39 Electric Drives Market in the Middle East & Africa by Product Type 2020-2026 ($ million)
Table 40 Electric Drives Market in the Middle East & Africa by Voltage 2020-2026 ($ million)
Table 41 Electric Drives Market in the Middle East & Africa by End-User 2020-2026 ($ million)
Table 42 ABB: Major Product Offerings
Table 43 Danfoss: Major Product Offerings
Table 44 Emerson Electric: Major Product Offerings
Table 45 Fuji Electric: Major Product Offerings
Table 46 Mitsubishi Electric: Major Product Offerings
Table 47 Parker-Hannifin Corporation: Major Product Offerings
Table 48 Siemens: Major Product Offerings
Table 49 Rockwell Automation: Major Product Offerings
Table 50 Schneider Electric: Major Product Offerings
Table 51 WEG: Major Product Offerings
Table 52 Nidec Corporation: Major Product Offerings
Table 53 Yaskawa Electric: Major Product Offerings
Table 54 Hiconics Drive Technology: Major Product Offerings
Table 55 Inovance Technology: Major Product Offerings
Table 56 KEB Automation: Major Product Offerings
Table 57 Sew-Eurodrive India: Major Product Offerings
Table 58 Teco Westinghouse: Major Product Offerings
Table 59 Toshiba International Corporation: Major Product Offerings
Table 60 Global Electric Drives Market by Geography 2020-2026 ($ billion)
Table 61 Global Electric Drives Market by Geography 2020-2026 (% Share)
Table 62 Global Electric Drives Market by Product Type 2020-2026 ($ billion)
Table 63 Global Electric Drives Market by Product Type 2020-2026 (% Share)
Table 64 Global Electric Drives Market by Voltage 2020-2026 ($ billion)
Table 65 Global Electric Drives Market by Voltage 2020-2026 (% Share)
Table 66 Global Electric Drives Market by Sales Channel 2020-2026 ($ billion)
Table 67 Global Electric Drives Market by Sales Channel 2020-2026 (% Share)
Table 68 Global Electric Drives Market by End-User 2020-2026 ($ billion)
Table 69 Global Electric Drives Market by End-User 2020-2026 (% Share)
Table 70 Electric Drives Market by Voltage in APAC 2020-2026 ($ billion)
Table 71 Electric Drives Market by Voltage in APAC 2020-2026 (% Share)
Table 72 Electric Drives Market by Product Type in APAC 2020-2026 ($ billion)
Table 73 Electric Drives Market by Product Type in APAC 2020-2026 (% Share)
Table 74 Electric Drives Market by Sales Channel in APAC 2020-2026 ($ billion)
Table 75 Electric Drives Market by Sales Channel in APAC 2020-2026 (% Share)
Table 76 Electric Drives Market by End-User in APAC 2020-2026 ($ million)
Table 77 Electric Drives Market by End-User in APAC 2020-2026 (% Share)
Table 78 Electric Drives Market by Voltage in Europe 2020-2026 ($ billion)
Table 79 Electric Drives Market by Voltage in Europe 2020-2026 (% Share)
Table 80 Electric Drives Market by Product Type in Europe 2020-2026 ($ billion)
Table 81 Electric Drives Market by Product Type in Europe 2020-2026 (% Share)
Table 82 Electric Drives Market by Sales Channel in Europe 2020-2026 ($ million)
Table 83 Electric Drives Market by Sales Channel in Europe 2020-2026 (% Share)
Table 84 Electric Drives Market by End-User in Europe 2020-2026 ($ million)
Table 85 Electric Drives Market by End-User in Europe 2020-2026 (% Share)
Table 86 Electric Drives Market by Voltage in North America 2020-2026 ($ million)
Table 87 Electric Drives Market by Voltage in North America 2020-2026 (% Share)
Table 88 Electric Drives Market by Product Type in North America 2020-2026 ($ million)
Table 89 Electric Drives Market by Product Type in North America 2020-2026 (% Share)
Table 90 Electric Drives Market by Sales Channel in North America 2020-2026 ($ million)
Table 91 Electric Drives Market by Sales Channel in North America 2020-2026 (% Share)
Table 92 Electric Drives Market by End-User in North America 2020-2026 ($ million)
Table 93 Electric Drives Market by End-User in North America 2020-2026 (% Share)
Table 94 Electric Drives Market by Voltage in Latin America 2020-2026 ($ million)
Table 95 Electric Drives Market by Voltage in Latin America 2020-2026 (% Share)
Table 96 Electric Drives Market by Product Type in Latin America 2020-2026 ($ million)
Table 97 Electric Drives Market by Product Type in Latin America 2020-2026 (% Share)
Table 98 Electric Drives Market by Sales Channel in Latin America 2020-2026 ($ million)
Table 99 Electric Drives Market by Sales Channel in Latin America 2020-2026 (% Share)
Table 100 Electric Drives Market by End-User in Latin America 2020-2026 ($ million)
Table 101 Electric Drives Market by End-User in Latin America 2020-2026 (% Share)
Table 102 Electric Drives Market by Voltage in Middle East & Africa 2020-2026 ($ million)
Table 103 Electric Drives Market by Voltage in Middle East & Africa 2020-2026 (% Share)
Table 104 Electric Drives Market by Product Type in Middle East & Africa 2020-2026 ($ million)
Table 105 Electric Drives Market by Product Type in Middle East & Africa 2020-2026 (% Share)
Table 106 Electric Drives Market by Sales Channel in Middle East & Africa 2020-2026 ($ million)
Table 107 Electric Drives Market by Sales Channel in Middle East & Africa 2020-2026 (% Share)
Table 108 Electric Drives Market by End-User in Middle East & Africa 2020-2026 ($ million)
Table 109 Electric Drives Market by End-User in Middle East & Africa 2020-2026 (% Share)
Companies Mentioned
- ABB
- Danfoss
- Emerson Electric
- Fuji Electric
- Mitsubishi Electric
- Parker-Hannifin Corporation
- Siemens
- Rockwell Automation
- Schneider Electric
- WEG
- Nidec Corporation
- Yasakawa Electric
- Hiconics Drive Technology
- Inovance Technology
- KEB Automation
- Sew-Eurodrive
- Teco Westinghouse
- Toshiba International Corporation
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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Table Information
| Report Attribute | Details |
|---|---|
| Published | February 2021 |
| Forecast Period | 2020 - 2026 |
| Estimated Market Value ( USD | $ 22 Billion |
| Forecasted Market Value ( USD | $ 28.85 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 18 |
