Integrated Drive System Market Detailed Analytical Overview by 2025

Integrated Drive System Market: Introduction

Over the past few years, technological advancement has caused a steady rise in the deployment of smart manufacturing factories. This has increased demand for drive technologies, which is propelling the integrated drive market's expansion. The integrated drive system aids in the fusion of mechanical and electrical elements to create fully integrated, coordinated automation systems.

These integrated drive systems are employed to raise industrial production's efficiency, cost-effectiveness, and international competitiveness. Different industries, including those in the automotive, pharmaceutical, oil & gas, food & beverage, and mining, use integrated drive systems with differing horse horsepower.

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Manufacturers benefit by installing integrated drive systems in their factories. For instance, the global sugar industry faced a second year surplus in 2012, reaching a record of 10.3 million tons of surplus, as compared to 9.2 million tons in the previous year. To address this challenge many manufacturers installed integrated drive systems to improve asset utilization, enhance sustainability, reduce operating costs and increase turnover.  

The major applications of integrated drive systems in waste water management are fans, compressors, and pumps. The increasing concern over declining ground water levels and water scarcity has led to various innovative ideas in wastewater treatment. With the help of integrated drive systems, the process of waste water treatment has become fully automated, which helps save time while offering better quality.

Integrated Drive System Market: Drivers

Globally, the growing need for efficiency and automated systems in factories are expected to fuel the demand for integrated drive systems over the forecast year. Moreover, regulations on energy efficiency along with advancement and rapid growth in automation are further expected to upsurge demand for the integrated drive systems market during the forecast period.

Integrated Drive System Market: Restraints

However, the system's installation and maintenance cost is expected to hamper growth of the market during the forecast period. Additionally, the uncertainty related to the market for the industries (automotive and oil & gas) in which these systems are installed and lack of skilled workers are further expected to restrict growth of the market.

Integrated Drive System Market: Key Trends

Integrated drive systems help mitigate many indirect costs related to drive train projects. Using multiple vendors for each engineering component burdens the user as well as increases the cost. Therefore, purchasing an integrated drive system saves time, enhances the productivity of the facility and increases efficiency.

Growing industrialization and the high demand for accurate and fast drive systems (to achieve greater production) are forecasted to increase the demand for integrated drive systems. Implementation of the just-in-time concept by many in the automotive industry has fostered the growth of integrated drive systems.

Moreover, high growth of industrialization in the APAC region, which includes customized robots, machinery, and electronics assembly for different industries has fueled the demand for integrated drive systems in the region. In the APAC region, growing countries, such as India, Japan and China are also expected to see a rise in the demand for integrated drive systems owing to the increase in demand for automated systems.

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Integrated Drive System Market: Segmentation
On the basis of product type
Software
Hardware
Convertors
Driver
Coupling
Gear Units
Others

On the basis of industry
Food & Beverages
Automotive
Oil & Gas
Machine Building
Water and Wastewater Management
Chemical
Pulp and paper
Pharmaceutical
Others

On the basis of communication protocol
Industrial Ethernet
Wireless
Fieldbus
Integrated Drive System Market: Market Participants

Examples of some of the market participants in the global integrated drive system market identified across the value chain include:

Yaskawa Electric Corporation
ABB Ltd.
Siemens AG
Integrated Drive Systems
Yaskawa Electric Corporation
Emerson Electric Co.
Schneider Electric
TQ Group GmbH
Mitsubishi Electric Corporation
Bosch Rexroth AG

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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The report covers exhaust analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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