Global Drive Electronics Market Overview:
Rapid growth in automobiles industries will help to boost global drive electronics market in the forecasted period. Drive electronics consist of two types such as motion controllers and speed controllers. Both controllers are used in various application including automobiles, chemicals and industrial. High adoption in online distribution channel will act as a key driver of the global drive electronics market in the forecasted time period. Some of the key players profiled in the study are MicroFab (United States), GE (United States), Baumüller (United Kingdom), Johnson Electric (Hong Kong), Rockwell Automation (United States), Schneider Electric (France), ABB (Switzerland), Siemens (Germany), Faulhaber (Germany) and Mitsubishi Electric (Japan).
On the basis of geography, the market of Drive Electronics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2018. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Drive Electronics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand Due To Use in Various End-User Industries
- High Growth in Consumer Electronics Sectors
- High Adoption in Automotive Industries
- Increasing Demand Due To Online Distribution Channel
- High Cost Associated with Drive Electronics
- Technological Innovation In Associated With Drive Electronics
- Growing Automobile Industries
Major Market Developments:
On 7th March 2019, ABB has introduced compatible ACS6080 drive brings precision, reliability, and safety to demanding industrial processes.
On 30th May 2018, Rockwell Automation has collaborated with Plug and Play to Extend Innovation Strategy.
The global drive electronics market is highly fragmented. There exists a large number of players in the market. However, recent times have witnessed a considerable number of mergers and acquisitions.
Manufactures, Suppliers and Distributors, Industry Associations, Private and Government Research Associations, Government Regulatory Bodies and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Drive Electronics market on the basis of product [Motion Controllers and Speed Controllers] , application [Automobile, Industrial, Chemical and Other], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Drive Electronics market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Drive Electronics industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are MICROMO (United States) and Danfoss (Denmark).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Drive Electronics market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.