DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Electric Drives Market 2017-2021" report to their offering.
The global electric drives market to grow at a CAGR of 4.52% during the period 2017-2021.
Global Electric Drives Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated by top vendors in electric drives market along with their market share.
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.
The energy resources, such as natural gas, oil, and fossil fuels are limited in quantity. Apart from this, the use of these resources casts a negative influence on the natural environment. So, shortage of electricity and global warming due to environmental pollution have helped the formulation of various energy regulation policies by governments. The major developed regions like North America and Europe have already taken a step to ensure maximum usage of renewable energy by 2050.For example, there were three different standards for motors, and now IEC 60034-30-1:2014 for motors has included the fourth efficiency level standard, called IE4.
According to the report, the energy resources, such as natural gas, oil, and fossil fuels are limited in quantity. Apart from this, the use of these resources casts a negative influence on the natural environment. So, shortage of electricity and global warming due to environmental pollution have helped the formulation of various energy regulation policies by governments. The major developed regions like North America and Europe have already taken a step to ensure maximum usage of renewable energy by 2050.For example, there were three different standards for motors, and now IEC 60034-30-1:2014 for motors has included the fourth efficiency level standard, called IE4.
Further, the report states that most of the end-users' expansion and growth plans are highly dependent upon oil and gas prices, which are volatile in nature. The reduction in oil and gas prices may restrain industrial and manufacturing industries, and will discourage any further investments. Since the electric drives market is highly co-related with these industries, the risks associated with these markets are very high.
Key Vendors:
- ABB
- Danfoss
- Schneider Electric
- Siemens
- Rockwell Automation
Other Prominent Vendors:
- Mitsubishi Electric
- Hitachi
- Fuji Electric
- Yaskawa Electric
- Emerson Electric
-
Toshiba
For more information about this report visit http://www.researchandmarkets.com/research/xmlq4t/global_electric
