Enjoy complimentary customisation on priority with our Enterprise License!
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.
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 -
The other prominent vendors in the market are Eaton, Integrated Drive Systems, Mitsubishi Electric, Rockwell Automation, TQ Group, and Yaskawa Electric.
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.
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.
Technavio also offers customization on reports based on specific client requirement.
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
PART 05: Market landscape
PART 06: Market segmentation by solution
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.