Boston, MA -- (SBWIRE) -- 08/03/2015 -- An electric drive is a device used to regulate the speed and direction of motors. This is achieved by varying the flow of current through the motor. Drives are classified into two broad categories based on the type of current: AC drives and DC drives. AC drives are used to control AC electric motors, while DC drives are used for DC electric motors. Drives are widely used to regulate and control electrical devices such as fans, conveyors, machine spindles, and pumps.

Technavio's analysts forecast the global electric drives market to grow at a CAGR of 7.63% over the period 2014-2019.

Covered in this Report

The global electric drives market can be segmented into two: AC drives and DC drives.

Technavio's report, Global Electric Drives Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the global electric drives market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key Regions

- Americas
- APAC
- EMEA

Key Vendors

- ABB
- Danfoss
- Siemens

Other Prominent Vendors

- Beijing Leader & Harvest Electric Technologies
- Emerson Electric
- Fuji Electric Holdings
- GE
- Hiconics Drive Technology
- Hitachi
- Karl E. Brinkmann
- Mitsubishi Electric
- Rockwell Automation
- Schneider Electric
- SEW Eurodrive
- Toshiba
- Yaskawa

Market Driver

- Need for Energy Efficiency
- For a full, detailed list, view our report

Market Challenge

- Competition from Vendors in APAC
- For a full, detailed list, view our report

Market Trend

- Increased Focus on Renewable Energy
- For a full, detailed list, view our report

Key Questions Answered in this Report

- What will the market size be in 2018 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

Companies Mentioned in this Report: ABB, Danfoss, Siemens, Beijing Leader & Harvest Electric Technologies, Emerson Electric, Fuji Electric Holdings, GE, Hiconics Drive Technology, Hitachi, Karl E. Brinkmann, Mitsubishi Electric, Rockwell Automation, Schneider Electric, SEW Eurodrive, Toshiba, Yaskawa

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