Electric Drives Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Technavio has been monitoring the electric drives market and it is expected to grow by $ 4.88 mn, accelerating at a CAGR of almost 4% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Electric Drives Market: Key Trends to impact market growth
The advent of IoT in electric drives is one of the key electric drives market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.
Electric Drives Market: Top Drivers to Boost Demand
The increasing focus on automating manufacturing processes is one of the primary factors driving the growth of the electric drives market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business
Vendor Analysis: ABB Ltd., Danfoss AS and Mitsubishi Electric Corp. are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., Danfoss AS, Mitsubishi Electric Corp., Nidec Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corp., WEG Equipamentos Eletricos SA, and Yaskawa Electric Corp. are some of the major market participants.
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Electric Drives Market: Key Highlights of the Report for 2021-2025
The Global Electric Drives Market has the potential to grow by $ 4.88 mn during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of over 4%.
This electric drives market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by Product (AC drives and DC drives), End-user (Process industry and Discrete industry), and Geography (APAC, Europe, North America, South America, and MEA). The electric drives market report also offers information on several market vendors, including ABB Ltd., Danfoss AS, Mitsubishi Electric Corp., Nidec Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corp., WEG Equipamentos Eletricos SA, and Yaskawa Electric Corp. among others.
Electric Drives Market: Receive FREE sample report
The Industrials sector is expected to have NEGATIVE impact due to the spread of COVID-19 virus. As the business impact of COVID-19 spreads, the Electric Drives Market 2021-2025 market is expected to witness Negative & Inferior growth.
Electric Drives Market: Top Drivers to Impact Market Growth
Electric Drives Market: Report Highlights:
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
