The Electric Drives industry has witnessed significant growth in recent years, owing to its versatile applications across various sectors. Electric Drives, also referred to as electric drive systems, are mechanisms that allow the control and operation of electrical systems. These systems are extensively used in industries such as oil and gas, water and waste water treatment, food and beverage, and mining. With the ability to convert electrical energy into mechanical energy, electric drives play a crucial role in facilitating smooth and efficient operations in these sectors.
According to a report by HJResearch, the global market size for Electric Drives is projected to reach an impressive US$18209.1 million by 2022. This forecasted growth indicates a compound annual growth rate of 2.33%. Such positive projections underline the increasing demand and adoption of electric drives in various industries.
Oil and gas is one of the prominent sectors utilizing electric drives for its operations. With the need for efficient drilling, extraction, and processing of oil and gas, electric drives provide the necessary power and control systems. Water and waste water treatment facilities also heavily rely on electric drives for their pumps, filtration systems, and other essential equipment that ensure the smooth treatment and management of water resources.
The food and beverage industry is another major consumer of electric drives. These systems are employed in various processes such as packaging, filling, and mixing, enhancing productivity and ensuring precise control over operations. Moreover, electric drives in the mining sector are used in machinery and equipment for extraction, transportation, and processing of minerals, facilitating safer and more efficient mining operations.
Several global manufacturers dominate the Electric Drives industry. Companies such as ABB, Danfoss, Schneider Electric, Siemens, Rockwell Automation, Mitsubishi Electric, Hitachi, Fuji Electric, Yaskawa Electric, Emerson Electric, and Toshiba are among the key players in this industry. These manufacturers provide a wide range of electric drives, catering to the diverse needs and specifications of different sectors.
As the market size and growth projections indicate, the prospects for the Electric Drives industry appear favorable. The increasing adoption of electric drives across sectors is driven by the growing need for energy-efficient and environmentally-friendly solutions. Furthermore, advancements in technology, such as the integration of artificial intelligence and IoT capabilities, are expected to further enhance the functionality and efficiency of electric drives.
In conclusion, the Electric Drives industry is witnessing steady growth and is projected to reach a market size of US$18209.1 million by 2022. Its applications extend across sectors such as oil and gas, water and waste water treatment, food and beverage, and mining. With major global players competing in this industry, the prospects for electric drives are promising. As industries continue to seek energy-efficient and advanced solutions, the demand for electric drives is likely to increase further in the coming years.
The SWOT analysis of the Electric Drives industry is as follows:
Strengths:
1. Increasing demand for electric vehicles: The electric drives industry is benefiting from the growing interest and demand for electric vehicles (EVs). As more consumers choose to switch to EVs, the demand for electric drives systems is expected to rise significantly.
2. Government support and incentives: Many governments around the world are offering various incentives and subsidies to promote the adoption of EVs. This has led to increased demand for electric drives systems in the automotive sector.
3. Environmental advantages: Electric drives offer significant environmental advantages over conventional internal combustion engines. They produce zero emissions and help in reducing greenhouse gas emissions and air pollution.
4. Improving technology and efficiency: The electric drives industry has witnessed significant technological advancements, resulting in improved efficiency and performance of electric drives systems. This has further enhanced the attractiveness of electric drives as a viable alternative to traditional drives.
Weaknesses:
1. High initial cost: The initial cost of electric drives systems is still relatively high compared to traditional drives, making them less accessible for some consumers. Although the prices have been decreasing over time, cost remains a barrier for widespread adoption.
2. Limited charging infrastructure: The lack of an extensive charging infrastructure in many regions is a challenge for the widespread adoption of EVs. Limited access to charging stations hinders consumers' confidence in purchasing electric vehicles and, therefore, impacts the demand for electric drives systems.
Opportunities:
1. Innovations in battery technology: The development of advanced battery technologies, such as solid-state batteries and improved lithium-ion batteries, will enhance the performance and range of electric vehicles. This presents an opportunity for the electric drives industry to evolve and cater to the increasing demand for more advanced and efficient systems.
2. Infrastructure development: The expansion of charging infrastructure and the establishment of fast-charging networks will boost the adoption of EVs. This will result in increased demand for electric drives systems.
Threats:
1. Competition from alternative energy sources: The electric drives industry faces competition from alternative energy sources, such as hydrogen fuel cells. If these technologies become more cost-effective and widely available, it could pose a threat to the growth of the electric drives industry.
2. Supply chain challenges: The electric drives industry heavily relies on the supply of rare earth metals and other critical components. Any disruption in the supply chain or increased scrutiny on the sourcing of these materials could impact the industry's growth and pricing.
Overall, the electric drives industry has significant potential for growth, driven by increasing consumer demand for electric vehicles and the governmental push for environmental sustainability. However, challenges like high initial costs, limited charging infrastructure, and competition from alternative energy sources need to be addressed for the industry to reach its full potential.
Key players in global Electric Drives market include:
ABB
Danfoss
Schneider Electric
Siemens
Rockwell Automation
Mitsubishi Electric
Hitachi
Fuji Electric
Yaskawa Electric
Emerson Electric
Toshiba
Market segmentation, by product types:
AC drives
DC drives
Market segmentation, by applications:
Oil and gas
Water and waste water treatment
Food and beverage
Mining
1 Industry Overview of Electric Drives
1.1 Research Scope
1.2 Market Segmentation by Types of Electric Drives
1.3 Market Segmentation by End Users of Electric Drives
1.4 Market Dynamics Analysis of Electric Drives
1.4.1 Market Drivers
1.4.2 Market Challenges
1.4.3 Market Opportunities
1.4.4 Porter’s Five Forces
2 Major Manufacturers Analysis of Electric Drives Industry
2.1 ABB
2.1.1 Company Overview
2.1.2 Main Products and Specifications
2.1.3 Electric Drives Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.1.4 Contact Information
2.2 Danfoss
2.2.1 Company Overview
2.2.2 Main Products and Specifications
2.2.3 Electric Drives Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.2.4 Contact Information
2.3 Schneider Electric
2.3.1 Company Overview
2.3.2 Main Products and Specifications
2.3.3 Electric Drives Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.3.4 Contact Information
2.4 Siemens
2.4.1 Company Overview
2.4.2 Main Products and Specifications
2.4.3 Electric Drives Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.4.4 Contact Information
2.5 Rockwell Automation
2.5.1 Company Overview
2.5.2 Main Products and Specifications
2.5.3 Electric Drives Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.5.4 Contact Information
2.6 Mitsubishi Electric
2.6.1 Company Overview
2.6.2 Main Products and Specifications
2.6.3 Electric Drives Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.6.4 Contact Information
2.7 Hitachi
2.7.1 Company Overview
2.7.2 Main Products and Specifications
2.7.3 Electric Drives Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.7.4 Contact Information
2.8 Fuji Electric
2.8.1 Company Overview
2.8.2 Main Products and Specifications
2.8.3 Electric Drives Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.8.4 Contact Information
2.9 Yaskawa Electric
2.9.1 Company Overview
2.9.2 Main Products and Specifications
2.9.3 Electric Drives Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.9.4 Contact Information
2.10 Emerson Electric
2.10.1 Company Overview
2.10.2 Main Products and Specifications
2.10.3 Electric Drives Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.10.4 Contact Information
2.11 Toshiba
2.11.1 Company Overview
2.11.2 Main Products and Specifications
2.11.3 Electric Drives Sales Volume, Revenue, Price and Gross Margin (2018-2023)
2.11.4 Contact Information
3 Global Electric Drives Market Analysis by Regions, Manufacturers, Types and End Users
3.1 Global Sales Volume and Revenue of Electric Drives by Regions (2018-2023)
3.2 Global Sales Volume and Revenue of Electric Drives by Manufacturers (2018-2023)
3.3 Global Sales Volume and Revenue of Electric Drives by Types (2018-2023)
3.4 Global Sales Volume and Revenue of Electric Drives by End Users (2018-2023)
3.5 Selling Price Analysis of Electric Drives by Regions, Manufacturers, Types and End Users in (2018-2023)
4 Northern America Electric Drives Market Analysis by Countries, Types and End Users
4.1 Northern America Electric Drives Sales Volume and Revenue Analysis by Countries (2018-2023)
4.2 Northern America Electric Drives Sales Volume and Revenue Analysis by Types (2018-2023)
4.3 Northern America Electric Drives Sales Volume and Revenue Analysis by End Users (2018-2023)
4.4 United States Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
4.5 Canada Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5 Europe Electric Drives Market Analysis by Countries, Types and End Users
5.1 Europe Electric Drives Sales Volume and Revenue Analysis by Countries (2018-2023)
5.2 Europe Electric Drives Sales Volume and Revenue Analysis by Types (2018-2023)
5.3 Europe Electric Drives Sales Volume and Revenue Analysis by End Users (2018-2023)
5.4 Germany Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5.5 France Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5.6 UK Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5.7 Italy Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5.8 Russia Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5.9 Spain Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5.10 Netherlands Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6 Asia Pacific Electric Drives Market Analysis by Countries, Types and End Users
6.1 Asia Pacific Electric Drives Sales Volume and Revenue Analysis by Countries (2018-2023)
6.2 Asia Pacific Electric Drives Sales Volume and Revenue Analysis by Types (2018-2023)
6.3 Asia Pacific Electric Drives Sales Volume and Revenue Analysis by End Users (2018-2023)
6.4 China Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6.5 Japan Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6.6 Korea Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6.7 India Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6.8 Australia Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6.9 Indonesia Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6.10 Vietnam Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
7 Latin America Electric Drives Market Analysis by Countries, Types and End Users
7.1 Latin America Electric Drives Sales Volume and Revenue Analysis by Countries (2018-2023)
7.2 Latin America Electric Drives Sales Volume and Revenue Analysis by Types (2018-2023)
7.3 Latin America Electric Drives Sales Volume and Revenue Analysis by End Users (2018-2023)
7.4 Brazil Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
7.5 Mexico Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
7.6 Argentina Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
7.7 Colombia Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
8 Middle East & Africa Electric Drives Market Analysis by Countries, Types and End Users
8.1 Middle East & Africa Electric Drives Sales Volume and Revenue Analysis by Countries (2018-2023)
8.2 Middle East & Africa Electric Drives Sales Volume and Revenue Analysis by Types (2018-2023)
8.3 Middle East & Africa Electric Drives Sales Volume and Revenue Analysis by End Users (2018-2023)
8.4 Turkey Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
8.5 Saudi Arabia Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
8.6 South Africa Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
8.7 Egypt Electric Drives Sales Volume, Revenue, Import and Export Analysis (2018-2023)
9 Marketing Channel, Distributors and Traders Analysis
9.1 Marketing Channel
9.1.1 Direct Channel
9.1.2 Indirect Channel
9.2 Distributors and Traders
10 Global Electric Drives Market Forecast by Regions, Countries, Manufacturers, Types and End Users
10.1 Global Sales Volume and Revenue Forecast of Electric Drives by Regions (2024-2029)
10.2 Global Sales Volume and Revenue Forecast of Electric Drives by Types (2024-2029)
10.3 Global Sales Volume and Revenue Forecast of Electric Drives by End Users (2024-2029)
10.4 Global Revenue Forecast of Electric Drives by Countries (2024-2029)
10.4.1 United States Revenue Forecast (2024-2029)
10.4.2 Canada Revenue Forecast (2024-2029)
10.4.3 Germany Revenue Forecast (2024-2029)
10.4.4 France Revenue Forecast (2024-2029)
10.4.5 UK Revenue Forecast (2024-2029)
10.4.6 Italy Revenue Forecast (2024-2029)
10.4.7 Russia Revenue Forecast (2024-2029)
10.4.8 Spain Revenue Forecast (2024-2029)
10.4.9 Netherlands Revenue Forecast (2024-2029)
10.4.10 China Revenue Forecast (2024-2029)
10.4.11 Japan Revenue Forecast (2024-2029)
10.4.12 Korea Revenue Forecast (2024-2029)
10.4.13 India Revenue Forecast (2024-2029)
10.4.14 Australia Revenue Forecast (2024-2029)
10.4.15 Indonesia Revenue Forecast (2024-2029)
10.4.16 Vietnam Revenue Forecast (2024-2029)
10.4.17 Brazil Revenue Forecast (2024-2029)
10.4.18 Mexico Revenue Forecast (2024-2029)
10.4.19 Argentina Revenue Forecast (2024-2029)
10.4.20 Colombia Revenue Forecast (2024-2029)
10.4.21 Turkey Revenue Forecast (2024-2029)
10.4.22 Saudi Arabia Revenue Forecast (2024-2029)
10.4.23 South Africa Revenue Forecast (2024-2029)
10.4.24 Egypt Revenue Forecast (2024-2029)
11 Industry Chain Analysis of Electric Drives
11.1 Upstream Major Raw Materials and Equipment Suppliers Analysis of Electric Drives
11.1.1 Major Raw Materials Suppliers with Contact Information Analysis of Electric Drives
11.1.2 Major Equipment Suppliers with Contact Information Analysis of Electric Drives
11.2 Downstream Major Consumers Analysis of Electric Drives
11.3 Major Suppliers of Electric Drives with Contact Information
11.4 Supply Chain Relationship Analysis of Electric Drives
12 Electric Drives New Project Investment Feasibility Analysis
12.1 Electric Drives New Project SWOT Analysis
12.2 Electric Drives New Project Investment Feasibility Analysis
12.2.1 Project Name
12.2.2 Investment Budget
12.2.3 Project Product Solutions
12.2.4 Project Schedule
13 Electric Drives Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.2 References and Data Sources
14.2.1 Primary Sources
14.2.2 Secondary Paid Sources
14.2.3 Secondary Public Sources
14.3 Abbreviations and Units of Measurement
14.4 Author Details
14.5 Disclaimer
Table Types of Electric Drives
Table End Users of Electric Drives
Figure Market Drivers Analysis of Electric Drives
Figure Market Challenges Analysis of Electric Drives
Figure Market Opportunities Analysis of Electric Drives
Table Market Drivers Analysis of Electric Drives
Table ABB Information List
Figure Electric Drives Picture and Specifications of ABB
Table Electric Drives Sales Volume (MT), Price (USD/MT), Cost (USD/MT), Gross (USD/MT), Revenue (Million USD) and Gross Margin of ABB (2018-2023)
Figure Electric Drives Sales Volume (MT) and Global Market Share of ABB (2018-2023)
Table Danfoss Information List
Figure Electric Drives Picture and Specifications of Danfoss
Table Electric Drives Sales Volume (MT), Price (USD/MT), Cost (USD/MT), Gross (USD/MT), Revenue (Million USD) and Gross Margin of Danfoss (2018-2023)
Figure Electric Drives Sales Volume (MT) and Global Market Share of Danfoss (2018-2023)
Table Schneider Electric Information List
Figure Electric Drives Picture and Specifications of Schneider Electric
Table Electric Drives Sales Volume (MT), Price (USD/MT), Cost (USD/MT), Gross (USD/MT), Revenue (Million USD) and Gross Margin of Schneider Electric (2018-2023)
Figure Electric Drives Sales Volume (MT) and Global Market Share of Schneider Electric (2018-2023)
Table Siemens Information List
Figure Electric Drives Picture and Specifications of Siemens
Table Electric Drives Sales Volume (MT), Price (USD/MT), Cost (USD/MT), Gross (USD/MT), Revenue (Million USD) and Gross Margin of Siemens (2018-2023)
Figure Electric Drives Sales Volume (MT) and Global Market Share of Siemens (2018-2023)
Table Rockwell Automation Information List
Figure Electric Drives Picture and Specifications of Rockwell Automation
Table Electric Drives Sales Volume (MT), Price (USD/MT), Cost (USD/MT), Gross (USD/MT), Revenue (Million USD) and Gross Margin of Rockwell Automation (2018-2023)
Figure Electric Drives Sales Volume (MT) and Global Market Share of Rockwell Automation (2018-2023)
Table Mitsubishi Electric Information List
Figure Electric Drives Picture and Specifications of Mitsubishi Electric
Table Electric Drives Sales Volume (MT), Price (USD/MT), Cost (USD/MT), Gross (USD/MT), Revenue (Million USD) and Gross Margin of Mitsubishi Electric (2018-2023)
Figure Electric Drives Sales Volume (MT) and Global Market Share of Mitsubishi Electric (2018-2023)
Table Hitachi Information List
Figure Electric Drives Picture and Specifications of Hitachi
Table Electric Drives Sales Volume (MT), Price (USD/MT), Cost (USD/MT), Gross (USD/MT), Revenue (Million USD) and Gross Margin of Hitachi (2018-2023)
Figure Electric Drives Sales Volume (MT) and Global Market Share of Hitachi (2018-2023)
Table Fuji Electric Information List
Figure Electric Drives Picture and Specifications of Fuji Electric
Table Electric Drives Sales Volume (MT), Price (USD/MT), Cost (USD/MT), Gross (USD/MT), Revenue (Million USD) and Gross Margin of Fuji Electric (2018-2023)
Figure Electric Drives Sales Volume (MT) and Global Market Share of Fuji Electric (2018-2023)
Table Yaskawa Electric Information List
Figure Electric Drives Picture and Specifications of Yaskawa Electric
Table Electric Drives Sales Volume (MT), Price (USD/MT), Cost (USD/MT), Gross (USD/MT), Revenue (Million USD) and Gross Margin of Yaskawa Electric (2018-2023)
Figure Electric Drives Sales Volume (MT) and Global Market Share of Yaskawa Electric (2018-2023)
Table Emerson Electric Information List
Figure Electric Drives Picture and Specifications of Emerson Electric
Table Electric Drives Sales Volume (MT), Price (USD/MT), Cost (USD/MT), Gross (USD/MT), Revenue (Million USD) and Gross Margin of Emerson Electric (2018-2023)
Figure Electric Drives Sales Volume (MT) and Global Market Share of Emerson Electric (2018-2023)
Table Toshiba Information List
Figure Electric Drives Picture and Specifications of Toshiba
Table Electric Drives Sales Volume (MT), Price (USD/MT), Cost (USD/MT), Gross (USD/MT), Revenue (Million USD) and Gross Margin of Toshiba (2018-2023)
Figure Electric Drives Sales Volume (MT) and Global Market Share of Toshiba (2018-2023)
Table Global Sales Volume (MT) of Electric Drives by Regions (2018-2023)
Table Global Revenue (Million USD) of Electric Drives by Regions (2018-2023)
Table Global Sales Volume (MT) of Electric Drives by Manufacturers (2018-2023)
Table Global Revenue (Million USD) of Electric Drives by Manufacturers (2018-2023)
Table Global Sales Volume (MT) of Electric Drives by Types (2018-2023)
Table Global Revenue (Million USD) of Electric Drives by Types (2018-2023)
Table Global Sales Volume (MT) of Electric Drives by End Users (2018-2023)
Table Global Revenue (Million USD) of Electric Drives by End Users (2018-2023)
Table Selling Price Comparison of Global Electric Drives by Regions in (2018-2023) (USD/MT)
Table Selling Price Comparison of Global Electric Drives by Manufacturers in (2018-2023) (USD/MT)
Table Selling Price Comparison of Global Electric Drives by Types in (2018-2023) (USD/MT)
Table Selling Price Comparison of Global Electric Drives by End Users in (2018-2023) (USD/MT)
Table Northern America Electric Drives Sales Volume (MT) by Countries (2018-2023)
Table Northern America Electric Drives Revenue (Million USD) by Countries (2018-2023)
Table Northern America Electric Drives Sales Volume (MT) by Types (2018-2023)
Table Northern America Electric Drives Revenue (Million USD) by Types (2018-2023)
Table Northern America Electric Drives Sales Volume (MT) by End Users (2018-2023)
Table Northern America Electric Drives Revenue (Million USD) by End Users (2018-2023)
Table United States Electric Drives Import and Export (MT) (2018-2023)
Figure United States Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure United States Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table Canada Electric Drives Import and Export (MT) (2018-2023)
Figure Canada Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure Canada Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table Europe Electric Drives Sales Volume (MT) by Countries (2018-2023)
Table Europe Electric Drives Revenue (Million USD) by Countries (2018-2023)
Table Europe Electric Drives Sales Volume (MT) by Types (2018-2023)
Table Europe Electric Drives Revenue (Million USD) by Types (2018-2023)
Table Europe Electric Drives Sales Volume (MT) by End Users (2018-2023)
Table Europe Electric Drives Revenue (Million USD) by End Users (2018-2023)
Table Germany Electric Drives Import and Export (MT) (2018-2023)
Figure Germany Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure Germany Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table France Electric Drives Import and Export (MT) (2018-2023)
Figure France Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure France Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table UK Electric Drives Import and Export (MT) (2018-2023)
Figure UK Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure UK Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table Italy Electric Drives Import and Export (MT) (2018-2023)
Figure Italy Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure Italy Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table Russia Electric Drives Import and Export (MT) (2018-2023)
Figure Russia Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure Russia Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table Spain Electric Drives Import and Export (MT) (2018-2023)
Figure Spain Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure Spain Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table Netherlands Electric Drives Import and Export (MT) (2018-2023)
Figure Netherlands Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure Netherlands Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table Asia Pacific Electric Drives Sales Volume (MT) by Countries (2018-2023)
Table Asia Pacific Electric Drives Revenue (Million USD) by Countries (2018-2023)
Table Asia Pacific Electric Drives Sales Volume (MT) by Types (2018-2023)
Table Asia Pacific Electric Drives Revenue (Million USD) by Types (2018-2023)
Table Asia Pacific Electric Drives Sales Volume (MT) by End Users (2018-2023)
Table Asia Pacific Electric Drives Revenue (Million USD) by End Users (2018-2023)
Table China Electric Drives Import and Export (MT) (2018-2023)
Figure China Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure China Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table Japan Electric Drives Import and Export (MT) (2018-2023)
Figure Japan Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure Japan Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table Korea Electric Drives Import and Export (MT) (2018-2023)
Figure Korea Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure Korea Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table India Electric Drives Import and Export (MT) (2018-2023)
Figure India Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure India Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table Australia Electric Drives Import and Export (MT) (2018-2023)
Figure Australia Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure Australia Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table Indonesia Electric Drives Import and Export (MT) (2018-2023)
Figure Indonesia Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure Indonesia Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table Vietnam Electric Drives Import and Export (MT) (2018-2023)
Figure Vietnam Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure Vietnam Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table Latin America Electric Drives Sales Volume (MT) by Countries (2018-2023)
Table Latin America Electric Drives Revenue (Million USD) by Countries (2018-2023)
Table Latin America Electric Drives Sales Volume (MT) by Types (2018-2023)
Table Latin America Electric Drives Revenue (Million USD) by Types (2018-2023)
Table Latin America Electric Drives Sales Volume (MT) by End Users (2018-2023)
Table Latin America Electric Drives Revenue (Million USD) by End Users (2018-2023)
Table Brazil Electric Drives Import and Export (MT) (2018-2023)
Figure Brazil Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure Brazil Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table Mexico Electric Drives Import and Export (MT) (2018-2023)
Figure Mexico Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure Mexico Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table Argentina Electric Drives Import and Export (MT) (2018-2023)
Figure Argentina Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure Argentina Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table Colombia Electric Drives Import and Export (MT) (2018-2023)
Figure Colombia Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure Colombia Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table Middle East & Africa Electric Drives Sales Volume (MT) by Countries (2018-2023)
Table Middle East & Africa Electric Drives Revenue (Million USD) by Countries (2018-2023)
Table Middle East & Africa Electric Drives Sales Volume (MT) by Types (2018-2023)
Table Middle East & Africa Electric Drives Revenue (Million USD) by Types (2018-2023)
Table Middle East & Africa Electric Drives Sales Volume (MT) by End Users (2018-2023)
Table Middle East & Africa Electric Drives Revenue (Million USD) by End Users (2018-2023)
Table Turkey Electric Drives Import and Export (MT) (2018-2023)
Figure Turkey Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure Turkey Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table Saudi Arabia Electric Drives Import and Export (MT) (2018-2023)
Figure Saudi Arabia Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure Saudi Arabia Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table South Africa Electric Drives Import and Export (MT) (2018-2023)
Figure South Africa Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure South Africa Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table Egypt Electric Drives Import and Export (MT) (2018-2023)
Figure Egypt Electric Drives Sales Volume (MT) and Growth Rate (2018-2023)
Figure Egypt Electric Drives Revenue (Million USD) and Growth Rate (2018-2023)
Table Global Sales Volume (MT) Forecast of Electric Drives by Regions (2024-2029)
Table Global Revenue (Million USD) Forecast of Electric Drives by Regions (2024-2029)
Table Global Sales Volume (MT) Forecast of Electric Drives by Types (2024-2029)
Table Global Revenue (Million USD) Forecast of Electric Drives by Types (2024-2029)
Table Global Sales Volume (MT) Forecast of Electric Drives by End Users (2024-2029)
Table Global Revenue (Million USD) Forecast of Electric Drives by End Users (2024-2029)
Table Major Raw Materials Suppliers with Contact Information of Electric Drives
Table Major Equipment Suppliers with Contact Information of Electric Drives
Table Major Consumers with Contact Information of Electric Drives
Table Major Suppliers of Electric Drives with Contact Information
Figure Supply Chain Relationship Analysis of Electric Drives
Table New Project SWOT Analysis of Electric Drives
Table Project Appraisal and Financing
Table New Project Construction Period
Table New Project Investment Feasibility Analysis of Electric Drives
Table Research Programs/Design for This Report
Table Key Data Information from Primary Sources
Table Key Data Information from Secondary Sources
Table Part of Interviewees Record List of Electric Drives Industry
Table Part of References List of Electric Drives Industry
Table Units of Measurement List
Table Part of Author Details List of Electric Drives Industry
HJ Research employs comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. At HJ Research, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the Electric Drives industry. Critical elements of methodology employed for all our studies include:
Secondary Sources:
The research team first works with national bureau of statistics, national customs, market research association, state information center, and administration that operate in the research field. The information provided by our in-house documentation service helps us carrying out further research. Secondary sources are mainly from press releases, company reports and publications, non-profit organizations, industry associations, government publications, economic and demographic data and customs data. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our team which has the experience as well as the knowledge efficiently extracts the accurate information from existing source.
Primary Research:
In the primary research process, for comprehensive understanding of the Electric Drives market, it is essential to understand the complete value chain and in order to facilitate this, we collect data from Electric Drives manufacturers, Electric Drives raw material suppliers, Electric Drives distributors as well as buyers. The primary sources from the supply side include Electric Drives manufacturers, opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the Electric Drives raw materials suppliers and producers, etc. The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users, and related key executives from various key companies and organizations operating in the global market.
Technical issues and trends are obtained from surveys, technical symposia and trade journals. Technical data is also gathered from intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, pricing trends are also gathered.
Statistical Model and Data Analysis:
Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, and industry experience and domain expertise. Qualitative analysis includes: Electric Drives industry landscape and trends, Electric Drives market dynamics and key issues, Electric Drives technology landscape, market opportunities, porter’s analysis and PESTEL analysis, Electric Drives competitive landscape and component benchmarking, policy and regulatory scenario. Quantitative analysis includes: Electric Drives market size and forecast by regions, Electric Drives market size and forecast by application, Electric Drives market size and forecast by types, Electric Drives company market share etc.
Quality Control:
Before publishing, every report goes under a rigorous checking and editing process, which is done by experience management team to ensure the reliability of the published data. Each analyst in the research team receives support and on-going training which is part of the HJ Research’s internal quality process.
