DUBLIN, Dec. 15, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Integrated Drive Systems Market - Global Forecast to 2022" report to their offering.
The integrated drive systems market, in terms of value, is expected to grow from USD 23.89 billion in 2015 to USD 38.27 billion by 2022, at a CAGR of 6.80% between 2016 and 2022.
The demand for industrial automation would continue to grow owing to the increased requirements of high product quality, paired with expectations of equally high reliability in high-volume production.
Integrated drive systems are the key elements of the automation industry and provide high accuracy and efficiency with low maintenance cost which is a strong requirement of automated machines. Lack of skilled workforce and trained workers and lack of standardization of equipment are the major restraints for the market.
With a high demand for motors worldwide, the automotive industry has been witnessing rapid changes in terms of manufacturing technology to enhance automotive production and manufacturing facilities. There is a high demand for integrated drive systems across the globe as they help enhance the efficiency of production and manufacturing facilities in the automotive industry.
The various applications where drive systems are used in the automotive and transportation industry are pumps, fans, compressors, axial winders, conveyors, extruders, and rack feeders.
The integrated drive systems market in APAC is expected to grow at the highest rate during the forecast period. The reason for this growth is increasing industrial activity along with the high demand for faster and accurate drive systems to achieve higher production output.
The increasing demand for energy-efficient production processes coupled with the need for software systems is fostering the growth of the integrated drive systems market.
- ABB Ltd.
- Bosch Rexroth Ag
- Emerson Electric Co.
- Integrated Drive Systems
- Mitsubishi Electric Corporation
- Rockwell Automation, Inc.
- Schneider Electric
- Siemens AG
- TQ Group Gmbh
- Yaskawa Electric Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Drive Systems Market, by Offering
8 Drive Systems Market, by Industry
9 Drive Systems Market, by Communication Protocol
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/dqxjhh/integrated_drive
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SOURCE Research and Markets