DUBLIN--(BUSINESS WIRE)--The "Electric Drives - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Electric Drives Market to Reach $20.4 Billion by 2027
Amid the COVID-19 crisis, the global market for Electric Drives estimated at US$17 Billion in the year 2020, is projected to reach a revised size of US$20.4 Billion by 2027, growing at a CAGR of 2.6% over the period 2020-2027.
Low Voltage Drives, one of the segments analyzed in the report, is projected to record 3% CAGR and reach US$11.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Medium Voltage Drives segment is readjusted to a revised 2.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.6 Billion, While China is Forecast to Grow at 4.9% CAGR
The Electric Drives market in the U.S. is estimated at US$4.6 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$4.1 Billion by the year 2027 trailing a CAGR of 4.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- ABB Ltd.
- Danfoss A/S
- Rockwell Automation, Inc.
- Schneider Electric SA
- Siemens AG
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Electric Drives Competitor Market Share Scenario Worldwide (in %): 2019 & 2028
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
- Low Voltage Drives (Segment) World Market by Region/Country in US$ Million: 2020 to 2027
- Low Voltage Drives (Segment) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
- Low Voltage Drives (Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
- Medium Voltage Drives (Segment) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
- Medium Voltage Drives (Segment) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
- Medium Voltage Drives (Segment) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
- Oil & Gas (End-Use) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027
- Oil & Gas (End-Use) Retrospective Demand Analysis in US$ Million by Region/Country: 2012-2019
- Oil & Gas (End-Use) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
- Water & Waste Water Treatment (End-Use) Demand Potential Worldwide in US$ Million by Region/Country: 2020-2027
- Water & Waste Water Treatment (End-Use) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
- Water & Waste Water Treatment (End-Use) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027
- Food & Beverage (End-Use) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027
- Food & Beverage (End-Use) Global Historic Analysis in US$ Million by Region/Country: 2012-2019
- Food & Beverage (End-Use) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027
- Mining (End-Use) Sales Estimates and Forecasts in US$ Million by Region/Country for the Years 2020 through 2027
- Mining (End-Use) Analysis of Historic Sales in US$ Million by Region/Country for the Years 2012 to 2019
- Mining (End-Use) Global Market Share Distribution by Region/Country for 2012, 2020, and 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
- Market Facts & Figures
- Electric Drives Market Share (in %) by Company: 2019 & 2025
- Market Analytics
- Electric Drives Market Estimates and Projections in US$ Million by Segment: 2020 to 2027
- Electric Drives Market by Segment: A Historic Review in US$ Million for 2012-2019
- Electric Drives Market Share Breakdown by Segment: 2012 VS 2020 VS 2027
- Electric Drives Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
- Electric Drives Historic Demand Patterns by End-Use in US$ Million for 2012-2019
- Electric Drives Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 87
For more information about this report visit https://www.researchandmarkets.com/r/3fpm3q
