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 theindustrial automationportfolio and offers insights into the major trends and evolving drivers inducing the growth of the automationindustry. 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 likerobotics. 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.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
Market outline
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by solution
Market overview
PART 07: Market segmentation by end-user
Market overview
Global integrated drive systems market in process industries
Global integrated drive systems market in discrete industries
PART 08: Geographical segmentation
Market overview
Integrated drive systems market in EMEA
Integrated drive systems in Americas
Integrated drive systems market in APAC
PART 09: Decision framework
PART 10: Drivers and challenges
Market drivers
Market challenges
PART 11: Market trends
Growing awareness about the importance of integrated drive systems
Technological developments in integrated drive systems market
Increasing customizable solutions and consultation services
PART 12: Vendor landscape
Competitive landscape
Other prominent vendors
PART 13: Key vendor analysis
ABB
Bosch Rexroth
Emerson
Schneider Electric
Siemens
PART 14: Appendix
List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
The Site uses cookies to record users' preferences in relation to the functionality of accessibility.
Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.