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.
Technavio’s analysts forecast the global electric drives market to grow at a CAGR of 4.52% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global electric drives market for 2017-2021. To calculate the market size, the report considers the revenue generated by top vendors in electric drives market along with their market share.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global Electric Drives Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors - Mitsubishi Electric - Hitachi - Fuji Electric - Yaskawa Electric - Emerson Electric - Toshiba
Market driver - Growing demand for renewable energy - For a full, detailed list, view our report
Market challenger - Highly fragmented market - For a full, detailed list, view our report
Market trend - Increasing demand for Industrial Internet of Things - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 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?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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