Global Electric Drives Market to Exceed $12.8 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Electric Drives market. Weakening momentum in most developed economies, tight credit conditions, and reduced machinery production levels is expected to temporarily dislodge growth in global electric motors market. Widespread adoption in developing nations, and technological refinements in terms of improved efficiency and performance, will re-emerge to drive growth in the marketplace stimulating world market for electric drives to reach US$12.8 billion by the year 2015.

Electric Drives: A Global Strategic Business Report

Demand for products in electric motor industry is closely tied to growth patterns in the economy and levels of industrial activity as well as capital investment. The global electric drives industry felt the pinch of the economic crisis particularly towards the end of 2008, following a sharp drop in aggregate demand in developed nations, a contraction in global machinery production levels, and high raw material prices. In 2009 market participants faced plummeting demand and profitability due to the global economic crisis that negatively impacted many of the end-user sectors in 2008. Particularly, machinery and automotives markets in developed markets were worse affected financially, as many OEMs witnessed steep deceleration in order intake during the first half of 2009. There were declines in sales by the motor vehicle, and chemical industries, which are heavy users of electric drives. In response to the downturn, several lending institutions tightened their access to credit globally, making it scarcely available on several fronts. Thanks to the massive synchronized stimulus packages by major governments in the first half of 2009, the world economies started to recover. The implementation of structural reforms and various stimulus packages are adding increased investments in infrastructure related industries, such as water & wastewater, electric power generating plants, and new road construction. As stated by the new market research report on world electric drives market, Asia-Pacific and Europe together accounts for a lion’s share of the global market. Factors such as environmental warming, rising investments in renewable energy generation, increasing automation will stimulate growth in coming years. Emerging nations, including the Eastern Europe and BRIC (Brazil, Russia, India, and China) countries will help propel growth in this industry.

Asia-Pacific is expected to spearhead global growth, especially in the AC drives market, which is forecast to wax at projected CAGR of 5.28% over the period 2006 through 2015. Volatility in energy supply, rising energy costs, and environmental concerns resulted in various incentives for consumers and businesses to utilize energy in a more efficient manner, thus increasing the demand for AC drives. Along with the government stimulus aid, the recovering industrial sector is expected to further infuse electric drives demand across the world.

Growing demand from key end-use sectors will open up better growth opportunities in both AC and DC drives. Even a slight rise in demand from automotives, chemicals, machine tools and robotics industries, will translate into revenue spinning opportunities for electric drives industry. Market for electric drives in machine tools and robotics industry is expected to reach US$ 1.94 billion by 2015. With recession at its tail end, demand from all industrial segments, such as chemicals, oil & gas, semiconductors, food & beverage, automotives, robotics, printing, machine tools, building automation, and metals & mining will be restored in short term.

Major market participants include ACTOM (Pty) Ltd, Ansaldo Electric Drives Spa, Baldor Electric Company, Bosch Rexroth AG, Compumotor, Control Techniques, Danaher Motion, Eaton Electrical, Elco Electric Launch, Enova Systems, Eurotherm Limited, Fuji Electric Fa Components & Systems, HEINZ MAN GmbH, Lenze AG, Magnetek, Mitsubishi Electric Automation, Newton Tesla, Pacific Scientific, Rockwell Automation, Schneider Electric, SEW-Eurodrive GMBH, Siemens AG, Sprint Electric Limited, The ABB Group, The Controlled Electric Drives Group, The Danfoss Group, Toshiba International Corporation, UQM Technologies, Vacon, Yaskawa Electric America and ZF Great Britain

The research report titled "Electric Drives: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, issues, recent developments, mergers, acquisitions, profiles of major market participants and other strategic industry activities. The report provides market estimates and projections for major geographic markets such as United States, Canada, France, Germany, Italy, United Kingdom, Spain, Asia-Pacific, and Rest of World. Product segments analyzed in the study include AC Drives and DC Drives; and end-use segments analyzed include Automotives, Chemicals, Food & Beverage, HVAC, Material Handling & Logistics, and Machine Tools and Robotics among others.

For more details about this comprehensive market research report, please visit –

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
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