Market Overview:
The global drive electronics market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electric vehicles and industrial automation. The motion controllers segment is expected to grow at the highest CAGR during the forecast period, owing to the increasing demand for advanced motion control systems in automotive and industrial applications. In terms of application, the industrial segment is expected to hold the largest share of the global drive electronics market during 2018-2030.
Product Definition:
The term Drive Electronics refers to the electronic circuitry that is used to control the power delivered to an electric motor. This circuitry is important because it allows a motor to start and run smoothly, while providing the correct amount of power for a particular application.
Motion Controllers:
Motion Controllers are electronic devices that process the data from a sensor and generate appropriate output signals to move the actuators or motors. They are used in various applications such as robotics, automated driving, video surveillance systems, industrial machinery and medical equipment. Motion controllers constitute one of the most important elements in any drive electronics system as they ensure efficient power transmission and control of moving parts.
Speed Controllers:
Speed controllers are electronic devices that control the speed of a vehicle. They limit the high-speed oscillations of electric motors and help in maintaining constant speed. The working principle is based on feedback control, where a sensor attached to the driven device measures its output and controls the motor’s frequency by making appropriate adjustments in variable resistors or capacitors.
The global drive electronics market size was valued at USD 25,60 billion in 2016.
Application Insights:
Automotive was the largest application segment in 2016 and is expected to maintain its lead over the forecast period. The increasing demand for electric and hybrid vehicles, coupled with stringent regulations regarding pollution control, is anticipated to drive industry growth over the coming years. Moreover, technological advancements in sensors and electronics are further expected to propel industry growth.
The growing use of drive electronics in industrial applications including material handling equipment, forklifts & pallet loaders as well as other machinery is likely to fuel market expansion over the coming years. In addition, increased government funding for research & development activities related to automation solutions are projected to boost market penetration across various industries worldwide. Other emerging applications include marine transport systems such as ships and boats wherein electronic controls have a major role in maneuvering vessels while minimizing energy consumption by using built-in features such as auto-pilot functions on board navigation computers driven by software programs developed by Microsoft Corporation; Panasonic Corporation; International Business Machines Corporation; Honeywell International Inc.; etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of rapid industrialization, which has led to an increase in disposable income. This, in turn, is anticipated to drive demand for advanced driver assistance systems (ADAS) and other related technologies across various application sectors such as automotive and transportation; energy & utilities; building & construction; others. Moreover, rising investments by key players are also contributing toward regional growth.
Growth Factors:
- Increasing demand for electric and hybrid vehicles
- Rising disposable income of consumers
- Growing trend of vehicle electrification
- Proliferation of advanced technologies in the automotive sector
- Stringent government regulations for vehicular emissions
Scope Of The Report
Report Attributes
Report Details
Report Title
Drive Electronics Market Research Report
By Type
Motion Controllers, Speed Controllers
By Application
Automobile, Industrial, Chemical, Other
By Companies
ABB, Danfoss, Siemens, Johnson Electric, MICROMO, GE, Mitsubishi Electric, Rockwell Automation, Schneider Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Drive Electronics Market Report Segments:
The global Drive Electronics market is segmented on the basis of:
Types
Motion Controllers, Speed Controllers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobile, Industrial, Chemical, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Danfoss
- Siemens
- Johnson Electric
- MICROMO
- GE
- Mitsubishi Electric
- Rockwell Automation
- Schneider Electric
Highlights of The Drive Electronics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Motion Controllers
- Speed Controllers
- By Application:
- Automobile
- Industrial
- Chemical
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Drive Electronics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Drive Electronics is a leading global supplier of advanced drive technology and solutions. We provide our customers with the most innovative, reliable and scalable drive technologies in the market today. Our products are used by OEMs, ODMs and end users to power their next generation devices.
Some of the key players operating in the drive electronics market are ABB, Danfoss, Siemens, Johnson Electric, MICROMO, GE, Mitsubishi Electric, Rockwell Automation, Schneider Electric.
The drive electronics market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Drive Electronics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Drive Electronics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Drive Electronics Market - Supply Chain
4.5. Global Drive Electronics Market Forecast
4.5.1. Drive Electronics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Drive Electronics Market Size (000 Units) and Y-o-Y Growth
4.5.3. Drive Electronics Market Absolute $ Opportunity
5. Global Drive Electronics Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Drive Electronics Market Size and Volume Forecast by Type
5.3.1. Motion Controllers
5.3.2. Speed Controllers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Drive Electronics Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Drive Electronics Market Size and Volume Forecast by Application
6.3.1. Automobile
6.3.2. Industrial
6.3.3. Chemical
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Drive Electronics Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Drive Electronics Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Drive Electronics Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Drive Electronics Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Drive Electronics Demand Share Forecast, 2019-2029
9. North America Drive Electronics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Drive Electronics Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Drive Electronics Market Size and Volume Forecast by Application
9.4.1. Automobile
9.4.2. Industrial
9.4.3. Chemical
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Drive Electronics Market Size and Volume Forecast by Type
9.7.1. Motion Controllers
9.7.2. Speed Controllers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Drive Electronics Demand Share Forecast, 2019-2029
10. Latin America Drive Electronics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Drive Electronics Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Drive Electronics Market Size and Volume Forecast by Application
10.4.1. Automobile
10.4.2. Industrial
10.4.3. Chemical
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Drive Electronics Market Size and Volume Forecast by Type
10.7.1. Motion Controllers
10.7.2. Speed Controllers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Drive Electronics Demand Share Forecast, 2019-2029
11. Europe Drive Electronics Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Drive Electronics Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Drive Electronics Market Size and Volume Forecast by Application
11.4.1. Automobile
11.4.2. Industrial
11.4.3. Chemical
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Drive Electronics Market Size and Volume Forecast by Type
11.7.1. Motion Controllers
11.7.2. Speed Controllers
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Drive Electronics Demand Share, 2019-2029
12. Asia Pacific Drive Electronics Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Drive Electronics Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Drive Electronics Market Size and Volume Forecast by Application
12.4.1. Automobile
12.4.2. Industrial
12.4.3. Chemical
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Drive Electronics Market Size and Volume Forecast by Type
12.7.1. Motion Controllers
12.7.2. Speed Controllers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Drive Electronics Demand Share, 2019-2029
13. Middle East & Africa Drive Electronics Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Drive Electronics Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Drive Electronics Market Size and Volume Forecast by Application
13.4.1. Automobile
13.4.2. Industrial
13.4.3. Chemical
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Drive Electronics Market Size and Volume Forecast by Type
13.7.1. Motion Controllers
13.7.2. Speed Controllers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Drive Electronics Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Drive Electronics Market: Market Share Analysis
14.2. Drive Electronics Distributors and Customers
14.3. Drive Electronics Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Danfoss
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Siemens
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Johnson Electric
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MICROMO
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GE
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mitsubishi Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Rockwell Automation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Schneider Electric
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
