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Electric Drives Market to Grow at a CAGR of 4.52% during the period 2017-2021

Press Release   •   Jan 13, 2017 04:59 EST

About Electric Drives

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.

Technavios analysts forecast the global electric drives market to grow at a CAGR of 4.52% during the period 2017-2021.

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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:




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.

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Key vendors



Schneider Electric


Rockwell Automation

Other prominent vendors

Mitsubishi Electric


Fuji Electric

Yaskawa Electric

Emerson Electric


Market driver

Growing demand for renewable energy

For a full, detailed list, view our report

Market challenge

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?

Table of Content

PART 01: Executive summary

PART 02: Scope of the report

Market overview

Top-vendor offerings

Other prominent vendors

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

PART 05: Market landscape

Market overview

Global electric drives market

Five forces analysis

PART 06: Market segmentation by type

Market overview

Global AC drives market

Global DC drives market

PART 07: Market segmentation by power rating

Market overview

Global low voltage electric drives market

Global medium voltage electric drives market

PART 08: Market segmentation by end-user

Market overview

Global electric drives market in oil and gas industry

Global electric drives market in food and beverage industry

Global electric drives market in water and wastewater treatment industry

Global electric drives market in mining industry

Global electric drives market in other industries

PART 09: Geographical segmentation is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.