Press release
Integrated Drive Systems Market Size & Share - Industry Trend and Forecast 2017 - 2025
The main objective of this report is to define, describe, and forecast the global “Integrated Drive Systems ” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Integrated drive system is a concept that organizes a suite of products that are connected and integrated with each other along with industrial automation and control system. Integrated drive system provides a reliable and seamlessly integrated solution, which is much more than summation of its individual components. Every integrated drive system is tailor-made according to the industrial specifications, resulting in reduction in engineering or manufacturing time and increase in efficiency. This helps organizations shrink their total cost of ownership and increase reliability performance improvement. There are three aspects of the integrated drive system namely, horizontal, vertical, and lifecycle integration. In horizontal integration, drive components such as gear unit, motor, and coupling are appropriately and efficiently integrated along the power flow. It allows the system to operate better than those that are not-integrated, where there is a risk of incompatibility of components at some stage in the process. In vertical integration, the drive train and controller are integrated along the information flow. Entire drive train is integrated seamlessly into the automation environment with the help of this system. This enables the customer to make informed decisions, as more information about how the components are performing, and how they could perform better economically are available. In lifecycle integration, the time factor is added in, with the drive system being added by services and software that support the entire lifecycle; in particular the operation design elements. It gives a shorter time to the market, increases operational productivity, and profit.
Growth in industry automation worldwide, along with increase in focus on development of production efficiency, and stringent government regulations for the efficient use of energy is driving the integrated drive systems market. The integrated drive system is advantageous for industrial automation. It ensures compatibility with other machines or systems, thereby streamlining manufacturing, leaner commissioning, and amplifying consistency of the entire system. Additionally, it also provides high level precise control and monitoring; therefore, it helps in the efficient use of energy resources and raw materials, which is helpful for the environment. Integration of drive technology into the totally integrated automation (TIA) portal radically simplifies diagnostics, commissioning, and engineering work.
High cost of the integrated drive system is expected to hamper the market. Potential buyers are refraining from implementation of integrated drive system in their organization, owing to the high cost involved. However, with the advancement in the technology pertaining to the integrated drive system, cost related to the integrated drive system is expected to reduce in the near future.
The integrated drive systems market is segmented based on integration type, component, end-use industry, and region. In terms of integration type, the market is classified as vertical, horizontal, and lifecycle. Based on component, the market is trifurcated into hardware, software, and services. In termsof end-use industry, the market is segmented into oil &gas, transportation &logistics, pharmaceuticals, chemical, food &beverage, and others.
Based on geography, the integrated drive systems market is segmented into North America, Europe, Middle East & Africa, Asia Pacific, and South America. North America and Europe are expected to lead the integrated drive systems market owing to the presence of established players and high technological advancements with respect to the integrated drive systems. However, due to the growing industrial automation acrossemerging economies such as China, India, and Japan, the market in Asia Pacific is expected to grow at a faster pace.
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Key players operating in the integrated drive systems market are Siemens AG, Schneider Electric, Mitsubishi Electric Corporation, Rockwell Automation, Inc., GmbH, ABB, Emerson Electric Co., YASKAWA ELECTRIC CORPORATION, Integrated Drive System,and Bosch Rexroth USA.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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