Research and Markets: Global Electric Drives Market 2015-2019 With ABB, Danfoss & Siemens Dominating
September 11, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/cw8wf5/global_electric) has announced the addition of the “Global Electric Drives Market 2015-2019” report to their offering.
The global electric drives market to grow at a CAGR of 7.63% over the period 2014-2019.
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.
Investments in renewable energy are moving in a positive direction with new windmills, hydro plants, solar parks, and geothermal energy projects being constructed each year. This has provided huge opportunities for the vendors to develop energy-efficient drives to control AC and DC motors.
According to the report, the necessity to reduce operational costs encourages end-users opt for energy-efficient drives and devices. The demand for energy is increasing YoY, whereas the supply is less, leading to high energy costs and loss in productivity because of power shortage. This factor has forced companies to adopt energy-efficient drives for fans, pumps, and conveyors to reduce energy losses and increase performance through the use of evolving technology incorporated in new drives.
Further, the report states that the rise of APAC as the major market for electric drives will affect the vendors in the EMEA and the Americas.
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
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Type
- Market Segmentation by End-users
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
- Business Overview
For more information visit http://www.researchandmarkets.com/research/cw8wf5/global_electric
View source version on businesswire.com: http://www.businesswire.com/news/home/20150911005255/en/
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