Press release
Electric Drives Market to Grow at a CAGR of 4.52% during the period 2017-2021
About Electric Drives
Electric drives have become necessary for efficient speed and motion control of electric motors. The electric drives are primarily categorized into two types: AC and DC. The current market trends are favorable for AC drives because AC motors are more energy efficient than DC motors and do not have unreliable commutators. So, while the market growth of DC drives remained almost flat in recent years, the market for AC drives is expected to see linear growth.
Technavios analysts forecast the global electric drives market to grow at a CAGR of 4.52% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global electric drives market for 2017-2021. To calculate the market size, the report considers the revenue generated by top vendors in electric drives market along with their market share.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Electric Drives Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
ABB
Danfoss
Schneider Electric
Siemens
Rockwell Automation
Other prominent vendors
Mitsubishi Electric
Hitachi
Fuji Electric
Yaskawa Electric
Emerson Electric
Toshiba
Market driver
Growing demand for renewable energy
For a full, detailed list, view our report
Market challenge
Highly fragmented market
For a full, detailed list, view our report
Market trend
Increasing demand for Industrial Internet of Things
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Table of Content
PART 01: Executive summary
PART 02: Scope of the report
Market overview
Top-vendor offerings
Other prominent vendors
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Global electric drives market
Five forces analysis
PART 06: Market segmentation by type
Market overview
Global AC drives market
Global DC drives market
PART 07: Market segmentation by power rating
Market overview
Global low voltage electric drives market
Global medium voltage electric drives market
PART 08: Market segmentation by end-user
Market overview
Global electric drives market in oil and gas industry
Global electric drives market in food and beverage industry
Global electric drives market in water and wastewater treatment industry
Global electric drives market in mining industry
Global electric drives market in other industries
PART 09: Geographical segmentation
About us
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