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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
The report presents a detailed analysis of the following key players in the global electric drives market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Danfoss A/S
- Rockwell Automation Inc. (NYSE: ROK)
- Schneider Electric SE
- ABB Ltd.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Electric Drives Market Report Snapshots
Electric Drives Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4.50% between 2024 and 2032.
The major drivers of the industry, such as the growing adoption of automation, increasing demand for energy, growing urbanisation, and rapid technological advancements, are expected to aid the market growth.
The key market trend guiding the growth of the market includes the growing demand for IoT-enabled electrical drives and motion control systems.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
AC drives and DC drives are the major products of electric drives in the industry.
The significant end-uses of the product include process industry and discrete industry.
The major players in the industry are Danfoss A/S, Rockwell Automation Inc., Schneider Electric SE, and ABB Ltd., among others.
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