Global Electric Drives Market Research Report 2019 (Includes Business Impact of COVID-19)

                                          
"The ongoing Coronavirus (COVID-19) pandemic is re-shaping everything from global economies to product categories, pricing, and stock availability to the consumer behavior. The final report is updated to address the impact of COVID-19 on the Electric Drives market.

Trusted Business Insights is tracking mining/oil and gas, transportation, employment services, travel arrangements, and the leisure and hospitality sector closely as they are likely to be the hardest-hit sectors. Utilities, local pharma, diagnostics, consumer goods and durables, agro chem and fertilizers, and telecommunications are the sectors that will be weathering the COVID-19 storm and most likely come out relatively unscathed. Interdependencies of sectors are factored in our research report on the Electric Drives market."
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.
Analysts forecast the global electric drives market to grow at a CAGR of 4.5% during the period 2018-2022. 
The increasing focus on the use of robots for industrial automation is one of the significant factors driving this markets growth. Electric drives are widely used in robots and primarily control direction, movement, and speed in robots. The growing need for automation across industrial, medical, and services sectors will lead to an augmented adoption of robots, which will positively impact the electric drives market during the forecast period.
The global electric drives market is highly fragmented owing to the presence of several well-established small and medium-sized vendors. The large vendors offer high-quality reliable devices with technological advancement. However, the cost of these drives remains very high and these drives face intense competition from small vendors that provide low-quality products at low cost. The competition is likely to intensify because of mergers and acquisitions. The large vendors are expected to acquire small and medium-sized vendors to enhance their market presence and expand their product portfolios.

The global Electric Drives market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Electric Drives volume and value at global level, regional level and company level. From a global perspective, this report represents overall Electric Drives market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The following manufacturers are covered:
    ABB
    Danfoss
    Schneider Electric
    Siemens
    Rockwell Automation
    Mitsubishi Electric
    Hitachi
    Fuji Electric
    Yaskawa Electric
    Emerson Electric
    Toshiba

Segment by Regions
    North America
    Europe
    China
    Japan

Segment by Type
    AC drives
    DC drives

Segment by Application
    Oil and gas
    Water and waste water treatment
    Food and beverage
    Mining