You are here
Global Integrated Drive Systems Market Size, Demand Analysis, Growth Rate and Deep Industry Research Reports
Global Integrated Drive Systems Market report offers clients the most efficient and dependable insight into the Integrated Drive Systems Market, ranging across different marketing trader.
According to MarketsandMarkets’ forecast, 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 major drivers for the market include the advancement and rapid growth in automation, increasing adoption of energy-efficient international standards and integrated drive systems, increased focus on efficiency and reducing production cost, and regulations on energy efficiency.
This report covers the integrated drive systems market based on offering, industry, communication protocol, and geography. The automotive and transportation industry is expected to hold the largest share of the drive systems market during the forecast period. The market for water and wastewater management industry is expected to grow at the highest rate during the forecast period.
Get PDF Brochure : https://www.marketsandmarkets.com/requestsampleNew.asp?id=13435517
The automotive and transportation industry held the largest size of the integrated drive systems market in 2015. Rapid changes in terms of manufacturing technology, innovation, and technical advancements in the automotive industry are expected to drive the market for integrated drive systems. 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 market for software is expected to grow at the highest rate between 2016 and 2022. Software is used for various purposes in drive systems such as motion controlling and networking. The increasing demand for networking software is expected to drive the market for software during the forecast period.
The market for wireless communication protocol is expected to grow at the highest rate between 2016 and 2022. The number of wireless connections in drive systems has increased considerably over the past few years as a result of improved network coverage, quality of transmission, and bandwidth capacity. Advancements in wireless communication technologies, especially WHART, cellular, and WLAN, are helping manufacturing industries to remotely monitor their assets from anywhere in the world. High speed and ease of installation of wireless networks are making them popular as they can be deployed in drive systems even in extreme environments.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.