The report "Integrated Drive Systems Market by Offering (Hardware, Software, and Services), Communication Protocol (Fieldbus, Industrial Ethernet, and Wireless: WHART, ISA100.11a, ZigBee, WLAN, Cellular), Industry, and Geography - Global Forecast to 2022", The integrated drive systems market is expected to grow from USD 23.89 Billion in 2015 to USD 38.27 Billion by 2022, at a CAGR of 6.80% between 2016 and 2022. The advancement and rapid growth in automation and adoption of energy-efficient international standards are some of the significant growth drivers for the drive systems market.
Browse 66 market data tables and 70 figures spread through 175 pages and in-depth TOC on “Integrated Drive Systems Market - Global Forecast to 2022”
Request 10% Free Customization on this Report:
Hardware component expected to lead the drive systems market
The hardware component is expected to hold the largest share of the integrated drive systems market between 2016 and 2022. The hardware components integrated in a drive system include converters, motors, geared motors, gear units, couplings, and others. Drive systems are the key components in the automation industry; these systems are highly accurate and efficient and have low maintenance costs.
Integrated drive systems market for water and wastewater management industry expected to grow at the highest rate during the forecast period
The increasing concerns over water scarcity and declining groundwater levels led to the advent of various innovative ideas to treat wastewater. Wastewater is a combination of contaminated water from residences, business buildings, institutions, and factories. With technological advancements, the process of water treatment has become fully automated; this helps save time and assures better quality output. The major applications of integrated drive systems in the waste and wastewater management industry are in pumps, fans, and compressors.
APAC held the largest share of the integrated drive systems market in 2015
APAC held the largest share of the drive systems market in 2015. The reason for this growth is increasing industrial activity along with the high demand for faster and accurate drive systems to achieve a higher production output. The increasing demand for energy-efficient production processes coupled with the need for software systems is fostering the growth of the integrated drive systems market. The high growth observed in machine tool production and other sectors related to the production of machines and automobiles, which includes electronics assembly, semiconductor machinery, and customized robots for different applications, is one of the reasons for the growth of the integrated drive systems market in the APAC region.
Ask for PDF: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=13435517
Some of the major players in the integrated drive systems market are Siemens AG (Germany), Bosch Rexroth AG (Germany), Schneider Electric (France), Rockwell Automation, Inc. (U.S.), ABB Ltd. (U.S.), Emerson Electric Co. (U.S.), Yaskawa Electric Corporation (Japan), Mitsubishi Electric Corporation (Japan), TQ Group GmbH (Germany), and Integrated Drive Systems (U.S.).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441