Los Angeles, CA -- (SBWire) -- 05/29/2019 --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. Analysts forecast the global electric drives market to grow at a CAGR of 4.5% during the period 2018-2022.
The increasing focus on the use of robots for industrial automation is one of the significant factors driving this market's growth. Electric drives are widely used in robots and primarily control direction, movement, and speed in robots. The growing need for automation across industrial, medical, and services sectors will lead to an augmented adoption of robots, which will positively impact the electric drives market during the forecast period.
The global electric drives market is highly fragmented owing to the presence of several well-established small and medium-sized vendors. The large vendors offer high-quality reliable devices with technological advancement. However, the cost of these drives remains very high and these drives face intense competition from small vendors that provide low-quality products at low cost. The competition is likely to intensify because of mergers and acquisitions. The large vendors are expected to acquire small and medium-sized vendors to enhance their market presence and expand their product portfolios.
The global Electric Drives market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025. This report studies the Electric Drives market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Electric Drives in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
ABB
Danfoss
Schneider Electric
Siemens
Rockwell Automation
Mitsubishi Electric
Hitachi
Fuji Electric
Yaskawa Electric
Emerson Electric
Toshiba
By the product type, the market is primarily split into
AC drives
DC drives
By the end users/application, this report covers the following segments
Oil and gas
Water and waste water treatment
Food and beverage
Mining
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Electric Drives Market Scope Overview, Geography Trends and Investment Feasibility Analysis Till 2025
Electric Drives Market research study stipulates a clear overview of the current market including the past and the projected future of market size concerning volume, technological advances, and economic elements in the market industry.