Electric Drives Market was valued at USD 2.6 billion in 2023 and is expected to reach USD 11.78 billion by 2032, growing at a CAGR of 18.35% from 2024-2032.
The electric drives market has been experiencing significant growth, driven by the increasing demand for energy-efficient solutions across various industries. Government regulations promoting sustainability, advancements in electric vehicle technology, and the push toward renewable energy are contributing to this expansion. A notable example is BorgWarner’s September 2024 showcase of its new LFP battery packs and DC charging stations for electric commercial vehicles at the IAA Transportation event in Germany, emphasizing technological progress in EVs. Electric drives offer enhanced performance, reduced energy consumption, and lower emissions, making them ideal for sectors like automotive, manufacturing, and HVAC. Additionally, the growing adoption of automation and robotics in manufacturing plants further fuels the demand for electric drives, providing precise control and improved operational efficiency.
The electric drives market has been experiencing significant growth, driven by the increasing demand for energy-efficient solutions across various industries. Government regulations promoting sustainability, advancements in electric vehicle technology, and the push toward renewable energy are contributing to this expansion. For example, on August 1, 2024, Infineon introduced its CoolGaN Drive product family, featuring integrated single switches and half-bridges with built-in gate drivers, highlighting innovation in power electronics for electric drives. On September 3, 2024, BorgWarner showcased its new LFP battery packs and DC charging stations for electric commercial vehicles at the IAA Transportation event in Germany. Electric drives offer enhanced performance, reduced energy consumption, and lower emissions, making them ideal for sectors like automotive, manufacturing, and HVAC, further fueling the growing demand for automation and robotics.
Looking to the future, the electric drives market presents numerous opportunities for innovation and expansion. The increasing focus on green technologies and carbon neutrality offers a fertile ground for new developments in energy-efficient electric drives, especially in industries like transport, renewable energy, and smart grids. With the rise of Industry 4.0 and the integration of artificial intelligence and the Internet of Things into industrial applications, electric drives are expected to become smarter, more adaptable, and more integrated into complex systems. This opens up exciting prospects for companies to develop next-generation electric drives with enhanced features, driving continued market growth.
Market Dynamics
Drivers
Industrial Automation Driving Increased Demand for Electric Drives in Manufacturing, Mining, and Oil & Gas Sectors
The ongoing shift toward automation across industries such as manufacturing, mining, and oil & gas is significantly reshaping the operational landscape. Automated systems require advanced technologies to control machines and processes with high precision, and electric drives are pivotal in this transformation. By providing superior control over motor speed, torque, and positioning, electric drives enable seamless integration with automated machinery. This enhances productivity, reduces downtime, and improves overall operational efficiency. Industries are increasingly relying on these systems for tasks ranging from material handling to complex machinery operations, where accuracy and reliability are paramount. As automation technologies evolve, the need for efficient, adaptable, and energy-saving drive solutions becomes more critical, thereby propelling the demand for electric drives across diverse sectors.
Rising Energy Efficiency Demands Drive Increased Adoption of Electric Drives Across Various Industries
As industries and consumers alike prioritize reducing energy consumption, the demand for energy-efficient solutions has surged. Electric drives offer a significant advantage in this area, providing superior control and performance compared to traditional mechanical drive systems. With the ability to precisely regulate motor speed and torque, electric drives ensure that power is used only when necessary, minimizing waste. This level of efficiency not only lowers energy costs but also aligns with global sustainability goals, making electric drives an attractive choice for companies striving to reduce their environmental impact. In sectors such as manufacturing, transportation, and HVAC systems, the need for energy-efficient solutions is driving the widespread adoption of electric drives. As energy regulations become more stringent, the trend toward energy-saving technologies will continue to accelerate, further expanding the electric drive market.
Restraints
Supply Chain Challenges, Including Semiconductor Shortages, Hinder Production and Availability of Electric Drive Systems
The production and availability of electric drive systems are significantly influenced by the availability of essential components like semiconductors and advanced materials. These components are crucial for the functionality and efficiency of electric drives, and shortages or disruptions in their supply can lead to delays in manufacturing and increase costs. The global semiconductor shortage, in particular, has affected industries that rely heavily on electronic components, such as the electric drive sector. Additionally, the complexity and cost of acquiring rare materials required for high-performance electric drives can further hinder the timely delivery of these systems. As the demand for electric drives grows, maintaining a smooth and reliable supply chain becomes increasingly critical. Without adequate access to these key materials, the pace of market expansion may slow down, limiting the growth potential of the electric drives market.
By Voltage
The Low-Voltage Drive (<372.8KW or <1KV) segment dominated the Electric Drives Market with the highest revenue share of approximately 64% in 2023 due to its widespread adoption across various industries. These drives are ideal for applications in sectors such as HVAC, material handling, and industrial automation, where precision control and energy efficiency are critical. Their affordability, ease of integration with existing systems, and high performance at lower power ratings make them a preferred choice for businesses seeking cost-effective solutions for everyday operations.
The Medium-Voltage Drive (>=372.8KW or >=1KV) segment is expected to grow at the fastest CAGR of about 19.48% from 2024 to 2032, driven by the increasing demand for high-power solutions in large-scale industrial applications. Industries like mining, oil and gas, and water treatment, which require higher power capacities for equipment like pumps, compressors, and fans, are leaning toward medium-voltage drives for their ability to handle more substantial loads efficiently. As industries scale up operations and focus on optimizing energy consumption, the need for advanced medium-voltage drives will continue to rise, positioning this segment for rapid growth.
By Product
The AC Drives segment dominated the Electric Drives Market with the highest revenue share of approximately 68% in 2023, largely due to their versatility and broad application across industries. AC drives are commonly used in sectors such as manufacturing, HVAC, and transportation, where precise control of motor speed and torque is essential for energy efficiency and performance. Their reliability, cost-effectiveness, and compatibility with a variety of motor types have made them the go-to solution for many businesses seeking to improve operational efficiency and reduce energy consumption.
The Servo Drives segment is expected to grow at the fastest CAGR of about 22.03% from 2024 to 2032, driven by the rising demand for precision motion control in advanced automation systems. Servo drives, which provide high accuracy and dynamic response, are increasingly being adopted in industries like robotics, aerospace, and high-end manufacturing, where performance demands are critical. As industries embrace more sophisticated automated systems for tasks requiring fine-tuned control, the market for servo drives is poised for rapid growth, highlighting their importance in driving innovation across sectors.
By Power Rating Statistics
The <250 KW segment dominated the Electric Drives Market with the highest revenue share of about 59% in 2023, and is expected to grow at the fastest CAGR of about 19.13% from 2024 to 2032. This dominance can be attributed to the widespread use of <250 KW drives in industries such as manufacturing, HVAC, and material handling, where energy efficiency and precise control are critical at lower power ratings. These drives offer an affordable and reliable solution for many standard industrial applications, making them the preferred choice for companies aiming to enhance operational efficiency. The segment’s rapid growth is fueled by the rising adoption of automation, increased focus on energy savings, and growing demand from small and medium-sized enterprises (SMEs) seeking scalable and cost-effective drive systems.
Regional Analysis
Asia Pacific dominated the Electric Drives Market with the highest revenue share of approximately 42% in 2023, driven by the rapid industrialization and urbanization across key economies like China, India, and Japan. The region's robust manufacturing base, growing demand for energy-efficient solutions, and increasing adoption of automation technologies have created a high demand for electric drives. Additionally, government initiatives promoting sustainable energy practices and infrastructure development have contributed to the widespread use of electric drives in industries ranging from automotive to energy.
North America is expected to grow at the fastest CAGR of about 20.63% from 2024 to 2032, fueled by advancements in automation and renewable energy integration. The region's focus on energy efficiency, coupled with the rising adoption of electric vehicles and smart technologies, has spurred increased demand for electric drives. With industries such as manufacturing, transportation, and utilities investing heavily in digitalization and green technologies, North America's market for electric drives is primed for significant growth in the coming years.
ABB (ABB Ability Electric Motors, ABB Ability e-mobility solutions)
Aisin Corporation (Electric drive units, Powertrain components)
Allison Transmission (Electric hybrid drive systems, e-Axles)
Borgwarner (Electric drive modules, High-voltage inverters)
Bosch (Electric motors, Power electronics)
Continental AG (Electric drive systems, Powertrain control units)
Denso (Electric motor drives, Inverters)
GKN (Melrose) (eDrive systems, Electric vehicle drive modules)
Hexagon AB (Electric vehicle infrastructure solutions, Smart mobility software)
Hitachi (Electric motors, Power management solutions)
Huayu Automotive Electric System (Electric drive systems, DC-DC converters)
Hyundai (Electric drive units, Inverters)
Infineon Technologies (Power semiconductors, Inverters for electric vehicles)
Jatco (Electric drive transmissions, e-CVT systems)
Jing-Jin Electric Technologies (Electric motors, Inverters for electric vehicles)
LG Electronics (Electric motors, Battery management systems)
Magna International (Electric drive units, Inverter technology)
Mahle (Electric motors, Thermal management systems for EVs)
Meidensha Corporation (Electric vehicle motors, Inverter systems)
Meritor (Electric drive axles, ePowertrain systems)
Nidec Corporation (Electric vehicle motors, Inverters)
Shanghai Automotive Smart Electric Drive (Electric drive systems, EV powertrains)
Siemens AG (Electric motors, Power distribution systems)
Smesh E-Axle (E-axle modules, Drive system components)
Recent Developments:
ABB India introduced its next-generation ACH180 compact drive designed for HVACR systems in February 2024. The drive offers energy-efficient solutions, supports high-efficiency motors, and reduces energy consumption and CO₂ emissions, making it suitable for commercial applications like data centers and hotels.
On January 20, 2025, DENSO announced that its eAxle, developed with Aisin and BluE Nexus, will be installed in Suzuki's first mass-produced battery electric vehicle (BEV), the e VITARA. This collaboration marks a significant step in the rollout of BEVs by Suzuki, with production in India.
On October 31, 2024, Mitsubishi Electric Mobility and AISIN announced a partnership to develop products for next-generation xEVs. This partnership follows the termination of their earlier agreement to establish a joint venture for electric vehicle components.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 2.6 Billion |
| Market Size by 2032 | USD 11.78 Billion |
| CAGR | CAGR of 18.35% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (AC Drives, DC Drives, Servo Drives) • By Voltage (Low-Voltage Drive <372.8KW or <1KV, Embedded, Standalone, Medium-Voltage Drive >=372.8KW or >=1KW) • By Power Rating ( <250 KW, 251 - 500 KW, >500 KW) • By End-user Industry (Oil and Gas, Water and Wastewater, Chemical and Petrochemical, Food and Beverage, Power Generation, HVAC, Pulp and Paper, Discrete Industries, Other End-user Industries) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | ABB, Aisin Corporation, Allison Transmission, Borgwarner, Bosch, Continental AG, Denso, GKN (Melrose), Hexagon AB, Hitachi, Huayu Automotive Electric System, Hyundai, Infineon Technologies, Jatco, Jing-Jin Electric Technologies, LG Electronics, Magna International, Mahle, Meidensha Corporation, Meritor, Nidec Corporation, Shanghai Automotive Smart Electric Drive, Siemens AG, Smesh E-Axle |
| Key Drivers | • Industrial Automation Driving Increased Demand for Electric Drives in Manufacturing, Mining, and Oil & Gas Sectors • Rising Energy Efficiency Demands Drive Increased Adoption of Electric Drives Across Various Industries |
| RESTRAINTS | • Supply Chain Challenges, Including Semiconductor Shortages, Hinder Production and Availability of Electric Drive Systems |
Electric Drives Market was valued at USD 2.6 billion in 2023 and is expected to reach USD 11.78 billion by 2032, growing at a CAGR of 18.35% from 2024-2032.
Ans: The Low-Voltage Drive segment dominated with a revenue share of approximately 64% in 2023.
Ans: The AC Drives segment led the market with a revenue share of about 68% in 2023.
Ans: Asia Pacific dominated the electric drives market with the highest revenue share of approximately 42% in 2023.
Ans: The Servo Drives segment is expected to grow at the fastest CAGR of 22.03% from 2024 to 2032.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Key Vendors and Feature Analysis, 2023
5.2 Performance Benchmarks, 2023
5.3 Usage Statistics, 2023
5.4 Technology Adoption and Trends
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Electric Drives Market Segmentation, By Product
7.1 Chapter Overview
7.2 AC Drives
7.2.1 AC Drives Market Trends Analysis (2020-2032)
7.2.2 AC Drives Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 DC Drives
7.3.1 DC Drives Market Trends Analysis (2020-2032)
7.3.2 DC Drives Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Servo Drives
7.4.1 Servo Drives Market Trends Analysis (2020-2032)
7.4.2 Servo Drives Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Electric Drives Market Segmentation, By Voltage
8.1 Chapter Overview
8.2 Low-Voltage Drive (<372.8KW or <1KV)
8.2.1 Low-Voltage Drive (<372.8KW or <1KV) Market Trends Analysis (2020-2032)
8.2.2 Low-Voltage Drive (<372.8KW or <1KV) Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Medium-Voltage Drive (>=372.8KW or >= 1KW)
8.3.1 Medium-Voltage Drive (>=372.8KW or >= 1KW) Market Trends Analysis (2020-2032)
8.3.2 Medium-Voltage Drive (>=372.8KW or >= 1KW) Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Electric Drives Market Segmentation, By Power Rating Statistics
9.1 Chapter Overview
9.2 <250 KW
9.2.1 <250 KW Market Trends Analysis (2020-2032)
9.2.2 <250 KW Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 251 - 500 KW
9.3.1 251 - 500 KW Market Trends Analysis (2020-2032)
9.3.2 251 - 500 KW Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 >500 KW
9.4.1 >500 KW Market Trends Analysis (2020-2032)
9.4.2 >500 KW Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Electric Drives Market Segmentation, By End-user Industry
10.1 Chapter Overview
10.2 Oil and Gas
10.2.1 Oil and Gas Market Trends Analysis (2020-2032)
10.2.2 Oil and Gas Market Size Estimates and Forecasts to 2032 (USD Billion)
10.3 Water and Wastewater
10.3.1 Water and Wastewater Market Trends Analysis (2020-2032)
10.3.2 Water and Wastewater Market Size Estimates and Forecasts to 2032 (USD Billion)
10.4 Chemical and Petrochemical
10.4.1 Chemical and Petrochemical Market Trends Analysis (2020-2032)
10.4.2 Chemical and Petrochemical Market Size Estimates and Forecasts to 2032 (USD Billion)
10.5 Food and Beverage
10.5.1 Food and Beverage Market Trends Analysis (2020-2032)
10.5.2 Food and Beverage Market Size Estimates and Forecasts to 2032 (USD Billion)
10.6 Power Generation
10.6.1 Power Generation Market Trends Analysis (2020-2032)
10.6.2 Power Generation Market Size Estimates and Forecasts to 2032 (USD Billion)
10.7 HVAC
10.7.1 HVAC Market Trends Analysis (2020-2032)
10.7.2 HVAC Market Size Estimates and Forecasts to 2032 (USD Billion)
10.8 Pulp and Paper
10.8.1 Pulp and Paper Market Trends Analysis (2020-2032)
10.8.2 Pulp and Paper Market Size Estimates and Forecasts to 2032 (USD Billion)
10.9 Discrete Industries
10.9.1 Discrete Industries Market Trends Analysis (2020-2032)
10.9.2 Discrete Industries Market Size Estimates and Forecasts to 2032 (USD Billion)
10.10 Other End-user Industries
10.10.1 Other End-user Industries Market Trends Analysis (2020-2032)
10.10.2 Other End-user Industries Market Size Estimates and Forecasts to 2032 (USD Billion)
11. Regional Analysis
11.1 Chapter Overview
11.2 North America
11.2.1 Trends Analysis
11.2.2 North America Electric Drives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.2.3 North America Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.2.4 North America Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.2.5 North America Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.2.6 North America Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.2.7 USA
11.2.7.1 USA Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.2.7.2 USA Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.2.7.3 USA Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.2.7.4 USA Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.2.8 Canada
11.2.8.1 Canada Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.2.8.2 Canada Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.2.8.3 Canada Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.2.8.4 Canada Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.2.9 Mexico
11.2.9.1 Mexico Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.2.9.2 Mexico Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.2.9.3 Mexico Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.2.9.4 Mexico Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Trends Analysis
11.3.1.2 Eastern Europe Electric Drives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.1.3 Eastern Europe Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.3.1.4 Eastern Europe Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.3.1.5 Eastern Europe Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.3.1.6 Eastern Europe Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.3.1.7 Poland
11.3.1.7.1 Poland Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.3.1.7.2 Poland Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.3.1.7.3 Poland Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.3.1.7.4 Poland Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.3.1.8 Romania
11.3.1.8.1 Romania Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.3.1.8.2 Romania Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.3.1.8.3 Romania Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.3.1.8.4 Romania Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.3.1.9 Hungary
11.3.1.9.1 Hungary Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.3.1.9.2 Hungary Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.3.1.9.3 Hungary Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.3.1.9.4 Hungary Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.3.1.10 Turkey
11.3.1.10.1 Turkey Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.3.1.10.2 Turkey Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.3.1.10.3 Turkey Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.3.1.10.4 Turkey Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.3.1.11 Rest of Eastern Europe
11.3.1.11.1 Rest of Eastern Europe Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.3.1.11.2 Rest of Eastern Europe Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.3.1.11.3 Rest of Eastern Europe Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.3.1.11.4 Rest of Eastern Europe Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.3.2 Western Europe
11.3.2.1 Trends Analysis
11.3.2.2 Western Europe Electric Drives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.2.3 Western Europe Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.3.2.4 Western Europe Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.3.2.5 Western Europe Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.3.2.6 Western Europe Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.3.2.7 Germany
11.3.2.7.1 Germany Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.3.2.7.2 Germany Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.3.2.7.3 Germany Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.3.2.7.4 Germany Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.3.2.8 France
11.3.2.8.1 France Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.3.2.8.2 France Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.3.2.8.3 France Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.3.2.8.4 France Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.3.2.9 UK
11.3.2.9.1 UK Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.3.2.9.2 UK Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.3.2.9.3 UK Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.3.2.9.4 UK Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.3.2.10 Italy
11.3.2.10.1 Italy Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.3.2.10.2 Italy Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.3.2.10.3 Italy Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.3.2.10.4 Italy Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.3.2.11 Spain
11.3.2.11.1 Spain Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.3.2.11.2 Spain Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.3.2.11.3 Spain Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.3.2.11.4 Spain Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.3.2.12 Netherlands
11.3.2.12.1 Netherlands Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.3.2.12.2 Netherlands Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.3.2.12.3 Netherlands Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.3.2.12.4 Netherlands Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.3.2.13 Switzerland
11.3.2.13.1 Switzerland Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.3.2.13.2 Switzerland Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.3.2.13.3 Switzerland Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.3.2.13.4 Switzerland Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.3.2.14 Austria
11.3.2.14.1 Austria Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.3.2.14.2 Austria Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.3.2.14.3 Austria Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.3.2.14.4 Austria Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.3.2.15 Rest of Western Europe
11.3.2.15.1 Rest of Western Europe Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.3.2.15.2 Rest of Western Europe Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.3.2.15.3 Rest of Western Europe Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.3.2.15.4 Rest of Western Europe Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.4 Asia Pacific
11.4.1 Trends Analysis
11.4.2 Asia Pacific Electric Drives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.4.3 Asia Pacific Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.4.4 Asia Pacific Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.4.5 Asia Pacific Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.4.6 Asia Pacific Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.4.7 China
11.4.7.1 China Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.4.7.2 China Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.4.7.3 China Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.4.7.4 China Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.4.8 India
11.4.8.1 India Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.4.8.2 India Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.4.8.3 India Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.4.8.4 India Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.4.9 Japan
11.4.9.1 Japan Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.4.9.2 Japan Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.4.9.3 Japan Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.4.9.4 Japan Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.4.10 South Korea
11.4.10.1 South Korea Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.4.10.2 South Korea Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.4.10.3 South Korea Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.4.10.4 South Korea Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.4.11 Vietnam
11.4.11.1 Vietnam Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.4.11.2 Vietnam Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.4.11.3 Vietnam Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.4.11.4 Vietnam Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.4.12 Singapore
11.4.12.1 Singapore Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.4.12.2 Singapore Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.4.12.3 Singapore Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.4.12.4 Singapore Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.4.13 Australia
11.4.13.1 Australia Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.4.13.2 Australia Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.4.13.3 Australia Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.4.13.4 Australia Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.4.14 Rest of Asia Pacific
11.4.14.1 Rest of Asia Pacific Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.4.14.2 Rest of Asia Pacific Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.4.14.3 Rest of Asia Pacific Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.4.14.4 Rest of Asia Pacific Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.5 Middle East and Africa
11.5.1 Middle East
11.5.1.1 Trends Analysis
11.5.1.2 Middle East Electric Drives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.1.3 Middle East Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.5.1.4 Middle East Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.5.1.5 Middle East Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.5.1.6 Middle East Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.5.1.7 UAE
11.5.1.7.1 UAE Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.5.1.7.2 UAE Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.5.1.7.3 UAE Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.5.1.7.4 UAE Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.5.1.8 Egypt
11.5.1.8.1 Egypt Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.5.1.8.2 Egypt Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.5.1.8.3 Egypt Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.5.1.8.4 Egypt Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.5.1.9 Saudi Arabia
11.5.1.9.1 Saudi Arabia Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.5.1.9.2 Saudi Arabia Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.5.1.9.3 Saudi Arabia Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.5.1.9.4 Saudi Arabia Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.5.1.10 Qatar
11.5.1.10.1 Qatar Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.5.1.10.2 Qatar Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.5.1.10.3 Qatar Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.5.1.10.4 Qatar Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.5.1.11 Rest of Middle East
11.5.1.11.1 Rest of Middle East Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.5.1.11.2 Rest of Middle East Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.5.1.11.3 Rest of Middle East Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.5.1.11.4 Rest of Middle East Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.5.2 Africa
11.5.2.1 Trends Analysis
11.5.2.2 Africa Electric Drives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.2.3 Africa Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.5.2.4 Africa Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.5.2.5 Africa Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.5.2.6 Africa Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.5.2.7 South Africa
11.5.2.7.1 South Africa Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.5.2.7.2 South Africa Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.5.2.7.3 South Africa Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.5.2.7.4 South Africa Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.5.2.8 Nigeria
11.5.2.8.1 Nigeria Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.5.2.8.2 Nigeria Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.5.2.8.3 Nigeria Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.5.2.8.4 Nigeria Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.5.2.9 Rest of Africa
11.5.2.9.1 Rest of Africa Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.5.2.9.2 Rest of Africa Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.5.2.9.3 Rest of Africa Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.5.2.9.4 Rest of Africa Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.6 Latin America
11.6.1 Trends Analysis
11.6.2 Latin America Electric Drives Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.6.3 Latin America Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.6.4 Latin America Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.6.5 Latin America Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.6.6 Latin America Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.6.7 Brazil
11.6.7.1 Brazil Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.6.7.2 Brazil Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.6.7.3 Brazil Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.6.7.4 Brazil Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.6.8 Argentina
11.6.8.1 Argentina Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.6.8.2 Argentina Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.6.8.3 Argentina Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.6.8.4 Argentina Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.6.9 Colombia
11.6.9.1 Colombia Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.6.9.2 Colombia Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.6.9.3 Colombia Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.6.9.4 Colombia Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
11.6.10 Rest of Latin America
11.6.10.1 Rest of Latin America Electric Drives Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
11.6.10.2 Rest of Latin America Electric Drives Market Estimates and Forecasts, By Voltage (2020-2032) (USD Billion)
11.6.10.3 Rest of Latin America Electric Drives Market Estimates and Forecasts, By Power Rating Statistics (2020-2032) (USD Billion)
11.6.10.4 Rest of Latin America Electric Drives Market Estimates and Forecasts, By End-user Industry (2020-2032) (USD Billion)
12. Company Profiles
12.1 ABB
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.2 Aisin Corporation
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.3 Allison Transmission
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.4 Borgwarner
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.5 Bosch
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.6 Continental AG
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.7 ZF Group
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.8 Denso
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.9 GKN (Melrose)
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.10 Hexagon AB
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
13. Use Cases and Best Practices
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
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The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
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Key Segments:
By Product
AC Drives
DC Drives
Servo Drives
By Voltage
Low-Voltage Drive (<372.8KW or <1KV)
Embedded
Standalone
Medium-Voltage Drive (>=372.8KW or >= 1KW)
By Power Rating Statistics
<250 KW
251 - 500 KW
>500 KW
By End-user Industry
Oil and Gas
Water and Wastewater
Chemical and Petrochemical
Food and Beverage
Power Generation
HVAC
Pulp and Paper
Discrete Industries
Other End-user Industries
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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