Integrated Drive System Market Survey Report 2020 Along with Statistics, Forecasts till 2026

Oct 20, 2021 (Market Insight Reports) --Global Integrated Drive System Market Size, Status, and Forecast 2021-2026. In-depth research accumulated to offer Latest insights about acute features of the global Integrated Drive System market. This report provides a detailed overview of key factors in the Integrated Drive System Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. The impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Integrated Drive System in a special period. This report also compares the markets of Pre COVID-19 and Post COVID-19. In addition, research considers the impact of COVID-19 on the regional economy.

The Integrated Drive System Market is expected to register a CAGR of 5.88%.

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Market Overview:
The growth of the market can be attributed to the increased focus on production efficiency to maintain competitive advantage and the growing adoption of integrated drive systems in industrial automation.
- Integrated Drive Systems enable the reduction of maintenance costs. The integration of Web-based drive engineering and energy efficiency software tools is facilitating particular drive applications, ensuring the best possible cost savings. According to certain estimates, the deployment of Integrated Drive Systems can reduce costs by as high as 15%.
- Additionally, the horizontal integration on the drive train level enables one-stop sourcing of motor, gear unit, coupling, frequency converter, and controls. For customers, this translates into single-vendor responsibility that facilitates purchasing and helps reduce warranty costs that, most of the time, are not considered.
- Industrial Automation is being impacted in several ways due to the outbreak of the COVID-19 virus. Major industries, like Automotive, have been affected across the world as they are highly dependent on the Chinese Supply Chains for various components. While in the sorter, the virus is expected to affect the market studied, in the medium-term, it is expected to benefit from the outbreak as the companies realize the need to automate faster to come out of the economic downturn faster and remain better equipped for any such future pandemic.

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Asia - Pacific is Expected to be the Fastest Growing Market During the Forecast Period
- The growth of the major end user indusstries where Integrated Frequency Drives are experincing growwth is one of the majro reasons that is leading to the growth of the market studies n the rgeion. For instance, the escalating trade war between China and the United States has enabled China to focus on oil and gas production. In 2019, the country has initiated a capital investment in oil exploration by 20%, to USD 77 billion, in order to boost production in two old oilfields. This is expected to drive the market for variable frequency drives in the oil and gas industry in China.
- Additionally, China started the Made in China 2025 program, a government initiative to upgrade the country's industry from low-cost mass production to higher value-added advanced manufacturing. Through this program, the Chinese government aims to produce 1 million electric and plug-in hybrid cars in China by 2020, with national production accounting for at least 70% of the country's market share. Moreover, China aims to sell 3 million domestically branded new energy vehicles (NEV's) in 2025, with a minimum of 80% of the country's NEV market share.
- Moreover, with above average economic growth in India and Southeast Asia, almost all countries in the region are expected to continue using coal for their energy needs. With more than 50% of the top 40 mining companies in the globe present in the region, Mining is expected to emerge as one of the major areas of application for integrated drives during the forecast period.

Influence of the Integrated Drive System Market report:
–Comprehensive assessment of all opportunities and risk in the Integrated Drive System Market.
–Integrated Drive System Market recent innovations and major events.
–Detailed study of business strategies for growth of the Integrated Drive System Market market-leading players.
–Conclusive study about the growth plot of Integrated Drive System Market for forthcoming years.
–In-depth understanding of Integrated Drive System Market market-particular drivers, constraints and major micro markets.
–Favorable impression inside vital technological and market latest trends striking the Integrated Drive System Market.

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