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Global Electric Drives Market Analysis, Share, Forecast: By Product: AC Drives, DC Drives; By End Use: Process industry, Discrete industry; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Competitive Landscape; 2024-2032

Electric Drives Market Analysis

The global electric drives market is driven by the implementation of IoT-enabling technologies to link their machinery and motion control systems. In the global industry, vendors are focusing on the rising IoT demand and the manufacture of electrical drives with embedded software capable of operating throughout the IoT networks. The IoT-enabled electrical drives currently available are capable of tracking and exchanging system performance quality reports. Using such electrical drives can promote end-user operations, which is expected to drive the growth of the industry. Besides the increasing emphasis on automation, the advent of IoT in electric drives will also increase the global electric drives market over the forecast period.

 

Electric Drives Market Report Snapshots

Electric Drives Market Size

Electric Drives Market Analysis

Electric Drives Companies

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Electric Drives Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Electric Drives Historical Market (2018-2023) 
    8.3    Global Electric Drives Market Forecast (2024-2032)
    8.4    Global Electric Drives Market by Product
        8.4.1    AC Drives
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    DC Drives
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Electric Drives Market by End-Use
        8.5.1    Process Industry
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Discrete Industry
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Electric Drives Market by Region
        8.6.1    North America
        8.6.2    Europe
        8.6.3    Asia Pacific
        8.6.4    Latin America
        8.6.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Danfoss
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Rockwell Automation, Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Schneider Electric
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    ABB
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Others
13    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Electric Drives Market: Key Industry Highlights, 2018 and 2032
2.    Global Electric Drives Historical Market: Breakup by Product (USD Billion), 2018-2023
3.    Global Electric Drives Market Forecast: Breakup by Product (USD Billion), 2024-2032
4.    Global Electric Drives Historical Market: Breakup by End-Use (USD Billion), 2018-2023
5.    Global Electric Drives Market Forecast: Breakup by End-Use (USD Billion), 2024-2032
6.    Global Electric Drives Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Electric Drives Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Electric Drives Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Electric Drives Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Electric Drives Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Electric Drives Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Electric Drives Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Electric Drives Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Electric Drives Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Electric Drives Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Electric Drives Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Electric Drives Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Electric Drives Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 4.50% between 2024 and 2032.

The major drivers of the industry, such as the growing adoption of automation, increasing demand for energy, growing urbanisation, and rapid technological advancements, are expected to aid the market growth.

The key market trend guiding the growth of the market includes the growing demand for IoT-enabled electrical drives and motion control systems.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

AC drives and DC drives are the major products of electric drives in the industry.

The significant end-uses of the product include process industry and discrete industry.

The major players in the industry are Danfoss A/S, Rockwell Automation Inc., Schneider Electric SE, and ABB Ltd., among others.

Analyst Review

The global electric drives market is being driven by the advancement in technology and growing urbanisation trends across the globe. Aided by the growing adoption of IoT-enabled electrical drives, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.50%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product, the market can be bifurcated into AC drives and DC drives. On the basis of end use, the industry is divided into process industry and discrete industry. The major regional markets for electric drives are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market Danfoss A/S, Rockwell Automation Inc., Schneider Electric SE, and ABB Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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