Wieha B

Reniew Ro port
THE THREE EMERGING TRENDS IMPACTING THE GLOBAL ELECTRIC DRIVES MARKET:
Theglobal electricdrives market is projected to grow to USD 19.11 billion by 2021, growing
at a CAGRof almost 5% through the forecast period. AC drives are the most popular device
type in the market, responsible for generating more than 93% of the total revenue.

GLOBAL ELECTRICDRVES MARKE

KEYDRIVERSAND FIGURES

oL ANDGAS MAJOR
CONTRIBUTOR
INDLS The matkel in EMEA
was valued at sS.31
bilion n 2016 and is
eypected toteach
s.92bion by021

EGROVAH

$3.79
2016 $15.32 bilion BILLION
VALUE
INCREMENTAL GROWTH
2021 $19.11 billion
VALUE
Ttechnavio

according to
emerging trends driving the global electric drives market
The top three research analysts are:
Technavio industrial automation

Regulation on energy efficiency

Things (loT)
Increasing demand for Internet of
drives
Emerging demand for sensor-less
have been
ENERGY EFFICIENCY: "Various energy regulation policies
REGULATION ON energy-efficient
world to promote the use of
formulated by governments around theAmerica and Europe have already taken a step to
North
products. Developed regions like
renewable energy by 2050,".
ensure maximum usage of are involved in
as the American Council for an Energy-Efficient Economy,
Regulatory bodies such to
efficiency for motor and electrical devices are
benchmarks for optimal energy incentives that
the creation of standards that have been imposed andenergy-etficient drives
achieve target efficiency levels.The
pushing for the increased adoption of
being provided by governments are
into existing systems.
world, mostof the
DEMAND FOR INTERNET OF THINGS (IOT): In today's
BORGEONING
are interconnected and capable of
internet
electronic devices which have access tothe There is stitt
as the internet of things (loT).
exCnanging data, which is broadlv termedcompetitive advantages for their products to ensure
create
Gon petween vendors to
 asafe hold on the market. Many vendors are incorporating loT to their product offerings to
differentiate their products from competitors.
dependent upon expert opinion for maintenance
Aleo customers of the electricdrives market are
service, which vendors are capitalizing on. Vendors are using loT to provide the real time
snd user-friendly platform for the customers to obtain
narformance of the machine to consumers, and a
maintenance of electric drives. Additionally,connectivity of machines
*imely information for the
mobile apps should give an added push to the market.
driven by
DRIVES: "The sensor-less drive is another major
EMERGING DEMAND FOR SENSOR-LESS
expected to accelerate the adoption of electric drives during the forecast
trend, which is all
are mostly operated through amicrocontroller-based device, and
period. Electric drives respond to the transmitter for signals.
However, the
have sensors and of
the smart robots
remote control at field locations has led to the introduction
growing requirements for
sensor-less drives,."
signal through
inside electric drives can directly receive a
integrated chip in the reduction
The microcontroller-based transmitter-receiver sensors. The use of such devices aids adoption of
increasing
the internet without using use of inaccurate physicalsensors. The
from the market.
of extra burden resulting likely to revolutionize the electric drives
is
such automated products