Integrated Drive Systems - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Integrated Drive Systems Market is accounted for $29.23 billion in 2018 and is expected to reach $62.45 billion by 2027 growing at a CAGR of 8.8% during the forecast period. Technological advancements in the automation, increased focus on efficiency, and reducing production cost are major factors driving the market growth. However, the requirement of high investments for the implementation and maintenance of solutions and devices is restraining market growth.
Integrated drive systems consist of variable frequency drives, motor, and coupling components for preventing systems breakdown and error detection. The integration of these components results in integrated drive systems. The integrated drive systems have numerous applications in several end-user industries.
Based on the end-user, the automotive & transportation segment is likely to have a huge demand due to the rapid changes in terms of manufacturing technology, innovation, and technical advancements in the automotive industry. By geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to the high demand for faster and accurate motors and drives to achieve higher production output.
Some of the key players profiled in the Integrated Drive Systems Market include ABB, Yaskawa Electric, TQ Group, Siemens, Schneider Electric, Rockwell Automation, Mitsubishi Electric, Integrated Drive Systems, Emerson, Eaton, and Bosch Rexroth.
Communication Protocols Covered:
• Industrial Ethernet
Integration Types Covered:
End Users Covered:
• Automotive & Transportation
• Machine Building
• Food & Beverages
• Oil & Gas
• Water & Wastewater Management
• Pulp & Paper
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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