Electric Pump Drives Market: Industry Expected to Experience a Positive Growth till 2031 | Siemens AG, Eaton Corporation, ABB Ltd

Global Electric Pump Drives Market reached US$ 32.2 billion in 2022 and is expected to reach US$ 47.2 billion by 2031, growing with a CAGR of 4.8% during the forecast period 2024-2031.

DataM Intelligence has published a new research report on "Electric Pump Drives Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Segmentation, CAGR, business revenue competitive positioning of key companies, investigating elements such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach. . The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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The Electric Pump Drives market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.

Governments and regulatory bodies worldwide are enforcing energy efficiency standards for equipment like pumps. For example, the European Union's Ecodesign Directive sets minimum efficiency requirements for electric pumps sold in its market, driving the adoption of energy-efficient electric pump drives. In the Asia-Pacific region, countries like China, India, and South Korea are experiencing rapid industrialization and have initiated sustainable growth initiatives such as "Made in China 2025" and "Green Manufacturing." This industrial expansion has bolstered the region's dominance in the electric pump drive market, as businesses increasingly prioritize energy efficiency in operations. According to NITI Aayog, India's wastewater treatment market is projected to grow from US$2.4 billion in 2019 to US$4.3 billion by 2025, driven by rising demand for municipal and sewage treatment plants, further promoting energy-efficient technologies.

Key Developments:

On May 15, 2023, Siemens introduced its new Sinamics S200 servo drive system, designed for standard applications in the battery and electronics industries. This system features a precise servo drive, powerful servo motors, and user-friendly cables, delivering high dynamic performance.

On March 30, 2023, ABB launched a medium-voltage Variable-Frequency Drive (VFD) with a rated capacity ranging from 400 to 1,000 kV and a voltage of up to 6.9 kV, suitable for various applications without requiring specialized engineering design.

Additionally, on March 9, 2022, Brazilian electronic equipment manufacturer WEG unveiled its CFW900 variable speed drive (VSD) at the Drives & Controls 2022 exhibition in Birmingham, UK.

Forecast Growth Projected:

The Global Electric Pump Drives Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

List of the Key Players in the Electric Pump Drives Market:

Siemens AG, Eaton Corporation, ABB Ltd, Schneider Electric SE, Danfoss Group, Rockwell Automation, Inc., Emerson Electric Co., Mitsubishi Electric Corporation, Yaskawa Electric Corporation, Toshiba Corporation.

Segment Covered in the Electric Pump Drives Market:

By Type: Centrifugal Pump Drives, Positive Displacement Pump Drives, Submersible Pump Drives, Others

By Drive: Direct Drive, Belt Drive, Gear Drive, Variable Frequency Drive (VFD), Servo Drive, Others

By Power Rating: Up to 100 KW, 100 - 500 KW, Above 500 KW

By End-User: Water and Wastewater, Oil and Gas, Chemical and Petrochemical, Agriculture, Construction, Manufacturing, Others

Regional Analysis:

The global Electric Pump Drives Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Electric Pump Drives Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Electric Pump Drives Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Electric Pump Drives manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Electric Pump Drives in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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The research study aims to address the following key questions:

➡What is the expected growth rate of the Electric Pump Drives Market during the forecast period of 2031?

➡What key factors are driving the Electric Pump Drives Market across various regions?

➡Who are the leading vendors in the Electric Pump Drives industry, and what strategies contribute to their success?

➡What is the anticipated market scope for the projected period?

➡What major trends are influencing the industry's growth in the coming years?

➡What challenges does the Electric Pump Drives Market face?

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