Overview of the global integrated drive systems market

Technavio's market study identifies the use of software for controlling and monitoring integrated drive systems to be one of the primary growth factors for the integrated drive systems market. Software applications are increasingly used for controlling and monitoring integrated drive systems. Key vendors are offering customizable software options that aid the end-users in making changes and adding suitable features. These software products help in acquiring machine control and data analytics to optimize the operations of integrated systems. Our market research analysts estimate that this market will grow steadily at a CAGR of around 6% by 2021.

The growing awareness about the importance of integrated drive systems is identified to be one of the key trends contributing towards the growth of the integrated drive systems market. Industrial and manufacturing facilities incur high operational costs due to the significant consumption of energy. The high demand for energy-efficient products has influenced the utilization of industrial automation solutions that help in optimally utilizing the drive trains and components involved. Distributors and consultants also play a major role in spreading awareness about the importance and efficiency of implementing the integrated systems.

Competitive landscape and key vendors

The integrated drive systems market consists of few key players with significant market share. Owing to the high growth potential of this market, there are significant new entrants among the players. The key vendors in the factory automation market acquire competitive advantage in terms of technological advancements and product developments. Additionally, the industrial automation solutions offer customized solutions, software upgrades and replacements to provide improved service and retain their customers.

The leading vendors in the market are -

• ABB
• Bosch Rexroth
• Emerson
• Schneider Electric
• Siemens

The other prominent vendors in the market are Eaton, Integrated Drive Systems, Mitsubishi Electric, Rockwell Automation, TQ Group, and Yaskawa Electric.

Segmentation by solution and analysis of the integrated drive systems market

• Hardware and software
• Services

End user industries are increasingly demanding for hardware and software solutions with the hardware segment offering motors, gears, and couplings, and the software segment offers software applications for controlling and monitoring integrated drive systems. The hardware segment accounts for the major shares of the factory automation market as the replacement rate of the hardware components is low and they have minimal wear and tear.

Segmentation by end user and analysis of the integrated drive systems market

• Process Industries
• Discrete Industries

Several process industries units have upgraded their existing facilities to improve efficiency and reduce energy consumption. Process industries such as power, oil and gas, water and wastewater, and mining industries are the major end-users for integrated drive systems influenced by the increasing need for efficiency and the growing awareness about the importance of the systems in the factory automation market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global integrated drive systems market?
• What are the key market trends impacting the growth of the global integrated drive systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global integrated drive systems market?
• What are the market opportunities and threats faced by the vendors in the global integrated drive systems market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global integrated drive systems market?

Technavio also offers customization on reports based on specific client requirement.

This industry research report on the global integrated drive systems market by Technavio is an integral part of the industrial automation portfolio and offers insights into the major trends and evolving drivers inducing the growth of the automation industry. Our reports also follow a thorough procedure of data collection methodology and present an analysis of fast growing market subdivisions.

Our market research analysis includes top-down and bottom-up approaches like vendor analysis, drivers, challenges, and trend analysis. Additionally, an analysis of the market share and market size using statistical models is also carried out to help clients develop active growth strategies and keep pace with the frequently changing market landscape. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various automation products and services to offer an all-inclusive picture of the global integrated drive systems market for the estimated period of 2017-2021.

This upcoming market research report on the global integrated drive systems market also covers vendors like ABB, Schneider Electric, Emerson, Bosch, and Siemens. Additionally, to help the clients to identify potential market opportunities and expand in niche markets, this report on the global integrated drive systems market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry report on the global integrated drive systems market also offers insights into fast-growing segments within the industrial automation industry, including sectors like robotics. Furthermore, this report also presents insights into the varying competitive landscape to give clients a realistic picture of the future direction of the industry.

Our market research methodology for the integrated drive systems market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.