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Integrated Drive System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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    Report

  • 250 Pages
  • November 2023
  • Region: Global
  • Fairfield Market Research
  • ID: 5909000
Description Jump to:
The global Integrated Drive Systems Market is poised for substantial growth, with a projected CAGR of 5.3% from 2024 to 2031. By 2031, the market is expected to reach a valuation of approximately US$ 56 billion, surpassing its 2024 value of US$ 39 billion. The surge in integrated drive system sales can be attributed to an increasing focus on process performance and the expanding adoption of these systems for industrial automation.

Cost Savings and Efficiency Enhancement: Integrated drive systems offer significant cost-saving opportunities. They leverage internet-driven technology and energy conservation software applications to achieve cost reductions of up to 15% in specific applications. Furthermore, horizontal integration within drive trains simplifies procurement, reduces warranty expenses, and holds single vendors accountable for clients.

Key Trends in the Integrated Drive Systems Market: Several noteworthy trends are shaping the integrated drive systems market:

  • Coordinated Automation Systems: Integrated drive systems combine mechanical and electrical components to enhance business efficiency and reduce costs, particularly in coordinated automation systems.
  • Automation in Manufacturing: The market is witnessing increased demand for integrated drive systems as manufacturing processes undergo automation to improve product quality, reduce labor costs, and enhance production efficiency.
  • Energy Efficiency: Rising energy prices and a growing focus on sustainable growth are driving the need for energy-efficient systems. Integrated drive systems, which integrate automation, drive, and motor technologies, play a pivotal role in reducing energy consumption and enhancing system performance.
  • Automobile Manufacturing: The automotive industry, characterized by fierce competition, relies on innovation and constant development. Integrated drive systems are being widely adopted in automobile manufacturing to optimize production processes, reduce costs, and improve efficiency.
  • Predictive Maintenance: Predictive maintenance is gaining importance across various industries, and integrated drive systems are well-suited for this purpose. These systems provide real-time data on motor and drive performance, enabling businesses to identify and address potential issues before they result in downtime or equipment failure.
Opportunities in the Asia-Pacific Region: Asia Pacific offers a significant opportunity for integrated drive system manufacturers. The region, with its rapid industrialization and urbanization, is experiencing increased demand for energy-efficient technologies. Governments are actively promoting the adoption of such technologies to align with sustainable development goals. Asia Pacific is also a major hub for automobile manufacturing, further driving the demand for integrated drive systems.

Country-wise Insights: In the United States, a leading car manufacturer, integrated drive systems are increasingly used to automate manufacturing processes, enhance production quality, and meet the growing demand for cars. The United Kingdom, known for its manufacturing economy, is witnessing increased adoption of integrated drive systems to improve manufacturing efficiency and reduce energy costs. In China, a manufacturing powerhouse and a significant car manufacturer, the demand for energy-efficient technologies is fueling the adoption of integrated drive systems in manufacturing facilities.

Competitive Landscape:

Manufacturers in the integrated drive systems market are focusing on innovation, expanding distribution channels, and developing unique products to gain a competitive edge.

Key players in the market include:

  • Siemens AG
  • Schneider Electric
  • Rockwell Automation
  • ABB Ltd
  • Emerson Electric Company
  • Bosch Rexroth AG
  • Yaskawa Electric Corporation
  • Mitsubishi Electric Corporation
  • TQ-Group GmbH
  • Integrated Drive Systems Pvt. Ltd.

Integrated Drive Systems Market Outlook by Category:

By Offering:

  • Hardware
  • Software
  • Services

By Communication Protocol:

  • Fieldbus
  • Industrial Ethernet
  • Wireless

By Industry:

  • Automotive and Transportation
  • Food and Beverage
  • Chemical
  • Oil and Gas
  • Pulp and Paper
  • Pharmaceutical
  • Machine Building
  • Water and Wastewater Management

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa


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Table of Contents

1. Executive Summary
1.1. Global Integrated Drive System Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Integrated Drive System Market Outlook, 2018 - 2031
3.1. Global Integrated Drive System Market Outlook, by Offering, Value (US$ Bn), 2018 - 2031
3.1.1. Key Highlights
3.1.1.1. Hardware
3.1.1.2. Software
3.1.1.3. Services
3.2. Global Integrated Drive System Market Outlook, by Communication Protocol, Value (US$ Bn), 2018 - 2031
3.2.1. Key Highlights
3.2.1.1. Fieldbus
3.2.1.2. Industrial Ethernet
3.2.1.3. Wireless
3.3. Global Integrated Drive System Market Outlook, by Industry, Value (US$ Bn), 2018 - 2031
3.3.1. Key Highlights
3.3.1.1. Automotive and Transportation
3.3.1.2. Food and Beverage
3.3.1.3. Chemical
3.3.1.4. Oil and Gas
3.3.1.5. Pulp and Paper
3.3.1.6. Pharmaceutical
3.3.1.7. Machine Building
3.3.1.8. Water and Wastewater Management
3.4. Global Integrated Drive System Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
4. North America Integrated Drive System Market Outlook, 2018 - 2031
4.1. North America Integrated Drive System Market Outlook, by Offering, Value (US$ Bn), 2018 - 2031
4.1.1. Key Highlights
4.1.1.1. Hardware
4.1.1.2. Software
4.1.1.3. Services
4.2. North America Integrated Drive System Market Outlook, by Communication Protocol, Value (US$ Bn), 2018 - 2031
4.2.1. Key Highlights
4.2.1.1. Fieldbus
4.2.1.2. Industrial Ethernet
4.2.1.3. Wireless
4.3. North America Integrated Drive System Market Outlook, by Industry, Value (US$ Bn), 2018 - 2031
4.3.1. Key Highlights
4.3.1.1. Automotive and Transportation
4.3.1.2. Food and Beverage
4.3.1.3. Chemical
4.3.1.4. Oil and Gas
4.3.1.5. Pulp and Paper
4.3.1.6. Pharmaceutical
4.3.1.7. Machine Building
4.3.1.8. Water and Wastewater Management
4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Integrated Drive System Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
4.4.1. Key Highlights
4.4.1.1. U.S. Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
4.4.1.2. U.S. Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
4.4.1.3. U.S. Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
4.4.1.4. Canada Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
4.4.1.5. Canada Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
4.4.1.6. Canada Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
4.4.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Integrated Drive System Market Outlook, 2018 - 2031
5.1. Europe Integrated Drive System Market Outlook, by Offering, Value (US$ Bn), 2018 - 2031
5.1.1. Key Highlights
5.1.1.1. Hardware
5.1.1.2. Software
5.1.1.3. Services
5.2. Europe Integrated Drive System Market Outlook, by Communication Protocol, Value (US$ Bn), 2018 - 2031
5.2.1. Key Highlights
5.2.1.1. Fieldbus
5.2.1.2. Industrial Ethernet
5.2.1.3. Wireless
5.3. Europe Integrated Drive System Market Outlook, by Industry, Value (US$ Bn), 2018 - 2031
5.3.1. Key Highlights
5.3.1.1. Automotive and Transportation
5.3.1.2. Food and Beverage
5.3.1.3. Chemical
5.3.1.4. Oil and Gas
5.3.1.5. Pulp and Paper
5.3.1.6. Pharmaceutical
5.3.1.7. Machine Building
5.3.1.8. Water and Wastewater Management
5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Integrated Drive System Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
5.4.1. Key Highlights
5.4.1.1. Germany Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
5.4.1.2. Germany Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
5.4.1.3. Germany Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
5.4.1.4. U.K. Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
5.4.1.5. U.K. Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
5.4.1.6. U.K. Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
5.4.1.7. France Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
5.4.1.8. France Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
5.4.1.9. France Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
5.4.1.10. Italy Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
5.4.1.11. Italy Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
5.4.1.12. Italy Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
5.4.1.13. Turkey Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
5.4.1.14. Turkey Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
5.4.1.15. Turkey Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
5.4.1.16. Russia Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
5.4.1.17. Russia Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
5.4.1.18. Russia Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
5.4.1.19. Rest of Europe Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
5.4.1.20. Rest of Europe Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
5.4.1.21. Rest of Europe Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
5.4.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Integrated Drive System Market Outlook, 2018 - 2031
6.1. Asia Pacific Integrated Drive System Market Outlook, by Offering, Value (US$ Bn), 2018 - 2031
6.1.1. Key Highlights
6.1.1.1. Hardware
6.1.1.2. Software
6.1.1.3. Services
6.2. Asia Pacific Integrated Drive System Market Outlook, by Communication Protocol, Value (US$ Bn), 2018 - 2031
6.2.1. Key Highlights
6.2.1.1. Fieldbus
6.2.1.2. Industrial Ethernet
6.2.1.3. Wireless
6.3. Asia Pacific Integrated Drive System Market Outlook, by Industry, Value (US$ Bn), 2018 - 2031
6.3.1. Key Highlights
6.3.1.1. Automotive and Transportation
6.3.1.2. Food and Beverage
6.3.1.3. Chemical
6.3.1.4. Oil and Gas
6.3.1.5. Pulp and Paper
6.3.1.6. Pharmaceutical
6.3.1.7. Machine Building
6.3.1.8. Water and Wastewater Management
6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Integrated Drive System Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
6.4.1. Key Highlights
6.4.1.1. China Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
6.4.1.2. China Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
6.4.1.3. China Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
6.4.1.4. Japan Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
6.4.1.5. Japan Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
6.4.1.6. Japan Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
6.4.1.7. South Korea Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
6.4.1.8. South Korea Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
6.4.1.9. South Korea Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
6.4.1.10. India Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
6.4.1.11. India Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
6.4.1.12. India Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
6.4.1.13. Southeast Asia Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
6.4.1.14. Southeast Asia Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
6.4.1.15. Southeast Asia Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
6.4.1.16. Rest of Asia Pacific Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
6.4.1.17. Rest of Asia Pacific Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
6.4.1.18. Rest of Asia Pacific Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
6.4.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Integrated Drive System Market Outlook, 2018 - 2031
7.1. Latin America Integrated Drive System Market Outlook, by Offering, Value (US$ Bn), 2018 - 2031
7.1.1. Key Highlights
7.1.1.1. Hardware
7.1.1.2. Software
7.1.1.3. Services
7.2. Latin America Integrated Drive System Market Outlook, by Communication Protocol, Value (US$ Bn), 2018 - 2031
7.2.1.1. Fieldbus
7.2.1.2. Industrial Ethernet
7.2.1.3. Wireless
7.3. Latin America Integrated Drive System Market Outlook, by Industry, Value (US$ Bn), 2018 - 2031
7.3.1. Key Highlights
7.3.1.1. Automotive and Transportation
7.3.1.2. Food and Beverage
7.3.1.3. Chemical
7.3.1.4. Oil and Gas
7.3.1.5. Pulp and Paper
7.3.1.6. Pharmaceutical
7.3.1.7. Machine Building
7.3.1.8. Water and Wastewater Management
7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Integrated Drive System Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
7.4.1. Key Highlights
7.4.1.1. Brazil Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
7.4.1.2. Brazil Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
7.4.1.3. Brazil Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
7.4.1.4. Mexico Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
7.4.1.5. Mexico Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
7.4.1.6. Mexico Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
7.4.1.7. Argentina Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
7.4.1.8. Argentina Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
7.4.1.9. Argentina Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
7.4.1.10. Rest of Latin America Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
7.4.1.11. Rest of Latin America Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
7.4.1.12. Rest of Latin America Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
7.4.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Integrated Drive System Market Outlook, 2018 - 2031
8.1. Middle East & Africa Integrated Drive System Market Outlook, by Offering, Value (US$ Bn), 2018 - 2031
8.1.1. Key Highlights
8.1.1.1. Hardware
8.1.1.2. Software
8.1.1.3. Services
8.2. Middle East & Africa Integrated Drive System Market Outlook, by Communication Protocol, Value (US$ Bn), 2018 - 2031
8.2.1. Key Highlights
8.2.1.1. Fieldbus
8.2.1.2. Industrial Ethernet
8.2.1.3. Wireless
8.3. Middle East & Africa Integrated Drive System Market Outlook, by Industry, Value (US$ Bn), 2018 - 2031
8.3.1. Key Highlights
8.3.1.1. Automotive and Transportation
8.3.1.2. Food and Beverage
8.3.1.3. Chemical
8.3.1.4. Oil and Gas
8.3.1.5. Pulp and Paper
8.3.1.6. Pharmaceutical
8.3.1.7. Machine Building
8.3.1.8. Water and Wastewater Management
8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa Integrated Drive System Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
8.4.1. Key Highlights
8.4.1.1. GCC Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
8.4.1.2. GCC Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
8.4.1.3. GCC Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
8.4.1.4. South Africa Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
8.4.1.5. South Africa Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
8.4.1.6. South Africa Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
8.4.1.7. Egypt Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
8.4.1.8. Egypt Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
8.4.1.9. Egypt Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
8.4.1.10. Nigeria Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
8.4.1.11. Nigeria Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
8.4.1.12. Nigeria Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
8.4.1.13. Rest of Middle East & Africa Integrated Drive System Market by Offering, Value (US$ Bn), 2018 - 2031
8.4.1.14. Rest of Middle East & Africa Integrated Drive System Market Communication Protocol, Value (US$ Bn), 2018 - 2031
8.4.1.15. Rest of Middle East & Africa Integrated Drive System Market Industry, Value (US$ Bn), 2018 - 2031
8.4.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Industry vs Communication Protocol Heatmap
9.2. Manufacturer vs Communication Protocol Heatmap
9.3. Company Market Share Analysis, 2023
9.4. Competitive Dashboard
9.5. Company Profiles
9.5.1. Siemens AG
9.5.1.1. Company Overview
9.5.1.2. Product Portfolio
9.5.1.3. Financial Overview
9.5.1.4. Business Strategies and Development
9.5.2. Schneider Electric
9.5.2.1. Company Overview
9.5.2.2. Product Portfolio
9.5.2.3. Financial Overview
9.5.2.4. Business Strategies and Development
9.5.3. Rockwell Automation
9.5.3.1. Company Overview
9.5.3.2. Product Portfolio
9.5.3.3. Financial Overview
9.5.3.4. Business Strategies and Development
9.5.4. Company-4
9.5.4.1. Company Overview
9.5.4.2. Product Portfolio
9.5.4.3. Financial Overview
9.5.4.4. Business Strategies and Development
9.5.5. ABB Ltd
9.5.5.1. Company Overview
9.5.5.2. Product Portfolio
9.5.5.3. Financial Overview
9.5.5.4. Business Strategies and Development
9.5.6. Emerson Electric Company
9.5.6.1. Company Overview
9.5.6.2. Product Portfolio
9.5.6.3. Financial Overview
9.5.6.4. Business Strategies and Development
9.5.7. Bosch Rexroth AG
9.5.7.1. Company Overview
9.5.7.2. Product Portfolio
9.5.7.3. Financial Overview
9.5.7.4. Business Strategies and Development
9.5.8. Yaskawa Electric Corporation
9.5.8.1. Company Overview
9.5.8.2. Product Portfolio
9.5.8.3. Financial Overview
9.5.8.4. Business Strategies and Development
9.5.9. TQ-Group GmbH
9.5.9.1. Company Overview
9.5.9.2. Product Portfolio
9.5.9.3. Financial Overview
9.5.9.4. Business Strategies and Development
9.5.10. Integrated Drive Systems Pvt. Ltd.
9.5.10.1. Company Overview
9.5.10.2. Product Portfolio
9.5.10.3. Financial Overview
9.5.10.4. Business Strategies and Development
9.5.11. Danfoss Drives A/S
9.5.11.1. Company Overview
9.5.11.2. Product Portfolio
9.5.11.3. Financial Overview
9.5.11.4. Business Strategies and Development
9.5.12. Nidec Control Techniques
9.5.12.1. Company Overview
9.5.12.2. Product Portfolio
9.5.12.3. Financial Overview
9.5.12.4. Business Strategies and Development
9.5.13. Lenze SE
9.5.13.1. Company Overview
9.5.13.2. Product Portfolio
9.5.13.3. Financial Overview
9.5.13.4. Business Strategies and Development
9.5.14. Bonfiglioli Riduttori S.p.A.
9.5.14.1. Company Overview
9.5.14.2. Product Portfolio
9.5.14.3. Financial Overview
9.5.14.4. Business Strategies and Development
9.5.15. Parker Hannifin Corporation
9.5.15.1. Company Overview
9.5.15.2. Product Portfolio
9.5.15.3. Financial Overview
9.5.15.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Companies Mentioned (Partial List)

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

  • Siemens AG
  • Schneider Electric
  • Rockwell Automation
  • ABB Ltd
  • Emerson Electric Company
  • Bosch Rexroth AG
  • Yaskawa Electric Corporation
  • Mitsubishi Electric Corporation
  • TQ-Group GmbH
  • Integrated Drive Systems Pvt. Ltd.

Methodology

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