Integrated Drive Systems Market to Hit USD 38.27 Bn, Says M&M in Its New Comprehensive Research Study Recently Uploaded at MarketPublishers.com20 Dec 2016 • by Natalie Aster
LONDON – Owing to the progress and significant increase in automation together with adoption of new energy-efficient international standards, the world’s market for integrated drive systems is likely to keep on following an upward trend to hit the USD 38.27 billion mark by 2022. This market is set to register a CAGR of 6.8% during 2016-2022. In the previous year, the value of the world’s market for integrated drive systems stood at around USD 23.89 billion. However, growth in the market could be hampered by some restraints like lack of skilled workforce and trained workers and also lack of proper standardization of equipment.
The highest demand for integrated drive systems comes from the automotive and transportation industries, as these systems help to enhance the production efficiency.
The APAC integrated drive systems market is set to grow at the swiftest pace through 2022 due to accelerating industrial activity in this region along with the mushrooming demand for faster and more reliable drive systems, strong demand for energy-efficient production processes and also rising need for software systems.
The leading companies in the global integrated drive systems marketplace include Schneider Electric, ABB, Siemens AG, Emerson Electric, Bosch Rexroth AG, Integrated Drive Systems, Yaskawa Electric Corporation, amid others.
Cutting-edge M&M research report “Integrated Drive Systems Market by Offering, Communication Protocol, Industry, and Geography - Global Forecast to 2022” is a wonderful source of the latest information on the situation in the world’s market for integrated drive systems. This research publication uncovers data on the market size, shares and segmentation; provides a detailed market segmentation analysis (on the basis of offerings, communication protocols, end-use industries and geography); covers the market dynamics, providing details on the key market growth drivers, restraints, challenges and opportunities; highlights all important aspects and burning issues. Furthermore, the market current and emerging trends are examined here, too. The report also offers a granular future outlook for the market up to 2022 and includes all-round profiles of 11 dominant market players.
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